QUESTION 4 and 13 pls dont answer thankyouu so much

Exercises - Special Topics BOI Registered Enterprises 1. Which of the following statements is correct? a. New registered firms under the Board of Investments enjoys income tax holiday for 6 years from commercial operations for 6 years from commercial operations for pioneer firms and 4 years for non-pioneer firms. b. The income tax holiday may be further extended not to exceed 8 years (maximum ITH) upon meeting certain conditions. c. For PEZA-registered enterprises, the income tax holiday is same with BOL-registered companies in general. d. All of the above 2. Which of the following statements is incorrect? a. Bol registered companies are subject to 5% gross income tax in lieu of national and local taxes. b. After Income Tax Holiday period, Bol registered companies are treated as ordinary corporations. C. BOI registered companies are subject to zero rated (0%) vat. d. None of the above 3. Statement 1: EO 226 otherwise known as the Omnibus Investment Code of 1987, is a relatively focused and systematic grant of incentives based on an Investment Priorities Plan (IPP). Statement 2: The IPP is an annual listing of activities/undertakings considered critical to the attainment of the country's overall economic growth and development. a. Only statement 1 is correct b. Only statement 2 is correct C. Both statements are correct d. Both statements are incorrect 4. Income Tax Holiday (ITH) for Bol registered enterprises presupposes that It shall be exempt from the payment of income taxes reckoned from the scheduled start of commercial operations until the period given by the BOI has lapsed. Which of the following is ITH period is correct? 1. Six (6) years for new projects with pioneer status II. Four (4) years for new projects with non-ploneer status III. Three (3) years for expansion projects a. I and II only c. I and III only 591 592 3 of 9 Livercises - Special Topics Which of the following tax Incentives is/are granted to BOI registered enterprises? Income Tax Hollday (ITH) 11 Exemption from taxes and dutios on Imported spare parts Ill. Exemption wharfage dues and export tax, duty, impost and foes IV Tax exemption brooding stocks and genetic materials a. I and II only c. I, II and Ill only b. lll and IV only d. I, II, III and IV 10. Which of the following incentives, in addition to tax exemptions, is/are granted to BOT registered enterprises? Tax credit on tax and duty portion of domestic breeding stocks and genetic materials. II Tax credit on raw materials and suppliers Additional doductions for labor and expense (ADLE) a. I only C. II and III only b. I and II only d. I, II and III 11. Statement 1: Bol registered enterprises are subject to 5% gross income tax in liou of national and local taxes, except real property tax. Slotomont 2: PEZA registered enterprises are subject to 5% gross Income tax in lieu of national and local taxes, except real property tax. a. Only statement 1 is correct b. Only statement 2 is correct C. Both statements are correct d. Both statements are incorrect 12. Which of the following statements pertaining to Pioneer enterprises under EO 226 is correct? a. Ploneer enterprises are registered enterprises engaged in the manufacture, processing or production of commodities or raw materials that are not yet being produced in the Philippines on a commercial scale. b. Ploneer enterprises also involves the use of a design, formula, method, process or system of production or transformation of any element, substance or raw material into another raw material or finished goods which is new and untried in the Philippines. C. Plonoer enterprises are also engaged in the pursuit of agricultural, forostry and mining activities and/or services and energy sectors. d. All of the above 13. refers to the most recent list of the thirty (30) poorest provinces of to Philippines at the time of application, as determined by the National Economic Development Authority (NEDA) a. Ploneer enterprises b. Special Economic Zones (ecozones) 593 Exercises - Spuial Topics Imummont Priorities Plan (IPP)