Originally Posted by
The_Stoic
Personal and addtl exemption would come after your net income, the difference will be the net taxable income.
ang details sa Cost of Sales managlahi kada industry type. So kung naa ka bakery, ang direct costs pagbuhat sa pan would form part sa imo cost of sales, whereas kung distributor ka ug pharmaceutical products, lahi pud iya cost of sales. Ikaw nga businessman mas knowledgeable ka sa direct costs sa imo business, accountants can only guide you.
Hope that clarifies your query.
Salamat sa pag clarify regarding exemptions. For cost of sales, supposing you're a franchisee and you source your raw materials from your franchisor, ang cost lng sa supplies ang ma-cover? What about other indirect costs?
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