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BIR Concerns


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#581 shamrock8691

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Posted 12 April 2015 - 09:40 PM

tax returns 101



#582 glut_func

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Posted 13 April 2015 - 05:44 AM

heads up lang... 

 

http://www.abs-cbnne...ng-itrs-june-15



#583 Google

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Posted 13 April 2015 - 01:27 PM

Is it normal for a company to collect 10%, supposedly as tax every payday even if they have an agreement with the employee that the company and the employee have no employee-employer relationship? They just treat their employees as Service Providers and they ask them to sign the BIR Form 2307. Is that legal?

 

this is called consultancy contract.... yes, it is accepted.



#584 you101

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Posted 14 April 2015 - 04:42 PM

Basically you need to accomplish the BIR Form No. 1701 (since i assume in lieu of your profession yung service na nirerender mo sa company).  Make sure you have secured also a copy of BIR Form 2307 from your client, if any. otherwise, yung reason for not withholding.

 

and lastly.. if i may ask sir, how much yung range nung payment sayo nung company?

 

 

What's the proper withholding tax if consulting ung contract? I have encountered some companies offering 2% and 10% withholding. What's the difference? Would like to know in case I would accept such offers in the future.

 

also, is it correct na it's not just withholding ang tax? I still need to file with bir? anu anu taxes pa un? also I encountered some coworkers na in consulting arrangement, collecting receipts and said they would be filed as expenses so lumiit and tax. panu un?

 

is this something doable by an individual or would need an accountant for filing?



#585 oakley_boy

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Posted 16 April 2015 - 04:37 PM

i have 2 concerns po regarding tax..

 

1. i was hired on in feb 2014, the company changed the name june of same year. wala ba tlga kaming makukuha na tax refund?

 

2. dapat lang ba na employees ang ngfifile ng 1700 if you'r working with a private company?

 

Thanks 



#586 glut_func

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Posted 16 April 2015 - 08:44 PM

i have 2 concerns po regarding tax..

 

1. i was hired on in feb 2014, the company changed the name june of same year. wala ba tlga kaming makukuha na tax refund?

 

2. dapat lang ba na employees ang ngfifile ng 1700 if you'r working with a private company?

 

Thanks 

 

ask your hr or your boss.



#587 kobejacksingh

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Posted 10 May 2015 - 05:10 AM

BIR is pretty tight nowadays so better keep your records in check to avoid any mishaps
  • johnlove likes this

#588 chuckie1991

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Posted 19 August 2015 - 07:04 PM

i have 2 concerns po regarding tax..

 

1. i was hired on in feb 2014, the company changed the name june of same year. wala ba tlga kaming makukuha na tax refund?

 

2. dapat lang ba na employees ang ngfifile ng 1700 if you'r working with a private company?

 

Thanks 

 

1. Walang effect yung change name sa tax refund. Maybe the reason bakit wala kang tax refund is underwithholding upon annualization ng income mo:)

 

2. if employed ka and no income other than compensation earned thru employee-employer relationship and properly withheld ang income mo(withheld monthly=tax due for the year) hindi kana required magsubmit ng 1700 unless kailangan mo for other purposes (e.g. bank loans, car loans, etc.)



#589 FleurDeLune

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Posted 20 August 2015 - 10:56 PM

Anyone here knows what's happening again with this BIR filing online system? :angry2: Has it modified once again?



#590 glut_func

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Posted 21 August 2015 - 07:57 PM

Anyone here knows what's happening again with this BIR filing online system? :angry2: Has it modified once again?

 

the efps? it was fine the last time i used it just last week for our monthly filing needs...although it isnt exactly surprising if it's getting cranky from time to time. 



#591 X0X0

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Posted 05 August 2016 - 09:02 AM

I have a question.

 

If for the first 7 months you were enjoying a TAX shied of 15% because the company is ROHQ. Then you moved to a new job in which it is not a ROHQ.

 

Is there any unpaid taxes on my account? Do i have to pay the 17% that was not withheld in my previous work?



#592 nwebe

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Posted 08 August 2016 - 05:08 PM

I have a question.

 

If for the first 7 months you were enjoying a TAX shied of 15% because the company is ROHQ. Then you moved to a new job in which it is not a ROHQ.

 

Is there any unpaid taxes on my account? Do i have to pay the 17% that was not withheld in my previous work?

 

It would be best to consult the payroll master of your new employer.  AFAIK, taxes on compensation is based on the total compensation you get from January to December.  But there may be some provisions with regards to employment by ROHQ entities.



#593 Snapdragon23

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Posted 23 October 2016 - 10:54 PM

is there anyone here who experienced being audited by the BIR?



#594 maduro

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Posted 20 November 2016 - 07:59 PM

taxes oh taxes sakit sa ulo

#595 cbotc

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Posted 13 December 2016 - 11:46 AM

Is there anybody here knowledgeable about RMO No 5-2012  of the BIR re becnhmarking?



#596 perfectstranger

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Posted 19 October 2017 - 03:17 PM

is there really no additional tax exemption for single individuals who have 2 senior citizen dependents? 






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