Quiz 3

4. Type of business entity created and organized under Philippine law, separate from its owners.
8. Required BIR form for entities undergoing changes in their accounting records.
9. Philippine law governing the administration and assessment of national taxes.
14. Initial process to obtain a Tax Identification Number (TIN).
17. Legal entity formed by two or more people sharing profits, losses, and liabilities.
18. An accounting system that uses software to manage books and generate reports.
19. Required BIR form for registration of corporations or partnerships.
24. Mandatory tax paid by Philippine businesses based on their income.
25. Registration step required for entities seeking to open corporate bank accounts.
27. An individual who owns and operates a business without any legal distinction between the owner and the business itself.
28. Government entity responsible for cooperative registration in the Philippines.
29. Type of tax that must be withheld by employers from employee salaries and remitted to the BIR.
30. Unique number issued by the BIR to identify taxpayers.

1. Form submitted by businesses to apply for the authority to print receipts and invoices.
2. Formal agreement where two or more parties share resources for a business project.
3. General term for any document issued to prove compliance with tax obligations.
5. Initial BIR registration process where businesses receive their taxpayer identity.
6. BIR Form required for partnership registration.
7. A type of loose-leaf record-keeping format for BIR compliance.
10. Term for any BIR-registered business authorized to issue official receipts.
11. A document issued by the BIR that grants permission to use a specific format for receipts or invoices.
12. Business document listing all taxable items subject to transaction-based taxes.
13. Entity registered under the Bureau of Internal Revenue (BIR) for tax compliance.
15. Certificate issued by the BIR to confirm legal compliance of business registration.
16. The primary government agency responsible for overseeing and collecting taxes in the Philippines.
20. An article created by an organization to govern its operations.
21. Term used to describe corporations created outside the Philippines but operating within.
22. Classification of businesses that are owned and controlled by their members.
23. BIR-issued document that lists the types of taxes a business must pay.
26. The Philippine government agency responsible for registering corporations.