WebDec 7, 2024 · When a member of AOP/BOI has a total income that is higher than the Max Exemption Limit, that member will be assessed at the highest marginal rate of 30%, plus a surcharge of 10.15 percent, if necessary, in addition to paying a 3% Cess on their total income, excluding income subject to special taxation. WebThe key difference between gross and net sales is that gross sales refer to the total value of sales made by the company during the period without adjusting for any of the costs related to such sales. In contrast, net sales refer to the total value of sales made by the company during the period, i.e., gross sales minus returns, discounts, and ...
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Gross Sales vs Net Sales Top 6 Differences (with Infographics)
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