BIR Concerns

[Protoculture]

salamat po sir! I'll forward that to him, ako din nalinawagan

[culpritmooncake]

hi,i hav a stupid question(hehe)

is it posible 2 retrieve d tax id number? how?

kc nwla ung record ng frnd ko nung umuwi xa prov.

ngwork xa d2,den umuwi xa s knla. e d nya man lng sinulat o tinandaan ung TIN nya,filing dw kc nya d ganun kaimportante un nun.

tnx

[G.I.]

pahingi naman tax ruling na pwede ideduct and disallowed input vat sa gross income. ty

[jackbrng]

hi,i hav a stupid question(hehe)

is it posible 2 retrieve d tax id number? how?

kc nwla ung record ng frnd ko nung umuwi xa prov.

ngwork xa d2,den umuwi xa s knla. e d nya man lng sinulat o tinandaan ung TIN nya,filing dw kc nya d ganun kaimportante un nun.

tnx

 

advise mo friend mo na pumunta sa BIR office kung saan sya nagpareghistro. magdala lang sya ng affidavit of loss.

[Immortal666]

I have a question, is the 13th month pay taxable? I seem to remember that only 13th month pay that is in excess of 30k is taxable. And I know that in the previous years, employees in our companies who earned 30k and below did not have their 13th month pay taxed. Now, our payroll is saying that the 30k exemption covers all bonuses for the year not only 13th month pay. We have a quarterly bonus kasi with our company which is up to 25% of your salary depending on your performance. But when that was paid out, we were already taxed for it. So my questions are:

 

1) Is 13th month pay considered a bonus? Isn't this mandated by law and thus should not be considered a bonus?

2) Is our company's payroll correct in adding our quarterly bonuses along with the 13th month pay for the 30k non-taxable exemption? Why should it still be added when we were already taxed for it when it was paid out?

[jackbrng]

I have a question, is the 13th month pay taxable? I seem to remember that only 13th month pay that is in excess of 30k is taxable. And I know that in the previous years, employees in our companies who earned 30k and below did not have their 13th month pay taxed. Now, our payroll is saying that the 30k exemption covers all bonuses for the year not only 13th month pay. We have a quarterly bonus kasi with our company which is up to 25% of your salary depending on your performance. But when that was paid out, we were already taxed for it. So my questions are:

 

1) Is 13th month pay considered a bonus? Isn't this mandated by law and thus should not be considered a bonus?

2) Is our company's payroll correct in adding our quarterly bonuses along with the 13th month pay for the 30k non-taxable exemption? Why should it still be added when we were already taxed for it when it was paid out?

 

tama na magkasama ang 13th month at bonus sa ceiling na 30,000. Section 32 B (7)(e) ng Tax code ay nagsasabi na magkasama sa ceiling na 30,000 ang 13th month at bonus.

 

Since, siguro, nag-exceed ka na ng ceiling na 30k, itong mga benepisyo na ito ay magiging taxable income mo na at idadagdag ito sa compensation income mo sa pagkwenta ng iyong buwis. Yung mga tax na iyong nabangit tuwing ibibigay ang bonus ninyo ay mga withholding tax iyon at ibabawas ito sa annual income tax due mo.

Edited November 29, 2008 by jackbrng

[jackbrng]

pahabol ko lang pala, yung excess lang sa 30K ang taxable at idadagdag ito sa taxable income mo i.e. yung compensation income mo para sa pagcompute ng annual tax due mo.

[teban]

mga sirs and mams ask ko lang po sana. My dad just died and we have an insurance from an insurance company. Do we need to apply for taxes in the BIR? According to our agent, we have the choice to either file it or not so I am not sure which is the way to go.

 

THanks!

[rapturousone]

mga sirs and mams ask ko lang po sana. My dad just died and we have an insurance from an insurance company. Do we need to apply for taxes in the BIR? According to our agent, we have the choice to either file it or not so I am not sure which is the way to go.

 

THanks!

 

teban, first of all, my sincere condolences to you and your family.

 

i assume that the insurance that you refer to is life insurance. by law, proceeds of life insurance where the beneficiary is irrevocably appointed is not included in the gross estate of the decedent (i.e., your dad) for purposes of computing estate tax.

 

that being said, you may still have to deal with the BIR if your dad left behind properties for distribution among his heirs. here is a starting point for you: http://www.bir.gov.ph/taxinfo/tax_estate.htm

[teban]

thanks po sir

[mackyboy]

Stupid question po. Pano magbayad ng tax ang isang self employed, home based na software developer? Hindi po fixed ang monthly income.

[teban]

i think it is the same way as we employed personnel will be taxed. you file it by filling up a form provided for income tax and then you pay in accredited banks.

 

kahit hindi monthly ang income mo, the form itself only allows you to fillup the annual income so regardless kung ilang beses ka lang sa isang taon nagkaroon ng kita pwede mo ideclare dun.

 

Sana lang tama ako eheheh

[mackyboy]

iba ata computation ng tax ng employed at ng self employed. pano po computation pag self employed?

[pektojr]

+1 kay mackyboy, additionally what if I missed a year or two sa pagfile ng ITR? gusto ko lng makaiwas sa mga ripoffs BIR agents

[jackbrng]

iba ata computation ng tax ng employed at ng self employed. pano po computation pag self employed?

 

almost the same lang computation ng employed at self employed. Both have their exemptions based on their status. The only difference is may deductions ang mga self-employed para sa mga expenses nila in relation to conducting their business.