However, be sure to have aBIR TINas it is important in paying taxes; and it’s not just if you have a business or are employed – likeincome taxor percentage tax. To name a few, there are Estate tax (when someone has died and estates are given to the heirs), VAT or Value Added ...
Withholding Tax on Government Money Payments (GMP) - Percentage Taxes:This withholding tax is performed by the National Government Agencies (NGAs), government-owned, controlled corporations, and local government units (LGUs) before making any payment to non-VAT registered taxpayers on their purchases...
The effective income tax rate was 16.29%, representing a year-on-year decrease of 2.94 percentage points. The following table sets out the changes in major income/loss items of the Group during the reporting period. (in millions of RMB) Net interest income Net fee and commission income Other...
(after tax) attributable to the Bank's shareholders Net interest spread Net interest margin 1.15 22.73 2.56 2.65 1.00 21.17 2.15 2.23 As percentage of operating income – Net interest income – Net non-interest income Cost-to-income ratio (excluding business tax and surcharges) 79.54 20.46 ...
We continued to boost our retail finance business, making the "one body" a firm cornerstone for the Bank to survive the tough operating environment. The proportion of profit before tax of retail banking reached 46.34%, up by 6.70 percentage points year-on-year. The bank maintained its lead ...