He'll charge you enough--fifteen per cent of the gross receipts
, but then he'll see to it that the people who want good stuff will be there.
It was he who set the agents free from the ball-and- chain of royalties, allowing them to pay instead a percentage of gross receipts
. And it was he who "broke the jam," as a lumberman would say, by suggesting the MESSAGE RATE system.
OKLAHOMA CITY (JR) Gross receipts
to the treasury reached a record high in April.
Under RR 2-2019, 'there shall be levied, assessed, and collected, an excise tax equivalent to 5 percent based on gross receipts
derived from the performance of services, net of excise tax and value-added tax (VAT) on invasive cosmetic procedures, surgeries and body enhancements directed solely towards improving, altering, or enhancing the patient's appearance and do not meaningfully promote the proper functions of the body or prevent or treat illness or disease.'
For this purpose, a QSB is a taxpayer with gross receipts
for the tax year of less than $5 million that did not have gross receipts
for any tax year preceding the five-tax-year period ending with the credit year.
Tax returns should only have five things: (i) name with CNIC number (every child born should be issued a CNIC), (ii) occupation, (iii) annual gross receipts
, (iv) properties/assets in his/her name (directly or indirectly), and (v) annual gross expenses including utility bills, leases, fees etc (this information will only be required if the tax filer/payer opts for profit and loss return, as mentioned below).
Entities with average annual gross receipts
above $5 million for the past three tax years; and
Finance Secretary Carlos Dominguez said the lower VAT collection means SMEs have now benefited from TRAIN's provision, which raised their VAT-exempt threshold to P3 million in gross receipts
from the previous level of P1.9 million.
Majority Democrats couldn't get the 18 votes they needed in the 30-member state Senate to pass a gross receipts
To satisfy the gross-receipts test for a particular tax year, the taxpayer's average annual gross receipts
for the three-year period ending with the tested tax year must not exceed $5 million (Sees.
Change in Number of firms and Gross Receipts