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loafer

[04] MEMBER II
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Posts posted by loafer

  1. Hi Guys.. I need your advice pls... If you have U$ 5K where would you invest it? Thanks in advance for your help!!!!

     

     

    If I were you, I would wait for exchange rate to hit 45.50 or better and convert iit nto peso. I would then buy 5 year RTB with gross return of 7.125% pa. I won't recommend the stock market, even though it can give you a better return in the long run, not unless you know anything about it.

  2. in regard to rental, tanong ko kung anong uri apartment mo, residential ba o commercial, yung rental fee mo ba ay lalagpas ng 10,000.00 monthly?

     

    Kaya ko natanong, kasi kung residential ang unit mo, karamihan ay di na niririhestro ito at wala ng tax, ganun lang ka-simple,

     

    pero kung commercial, may income tax kang babayaran, percentage tax or VAT, business license from local government unit that has jurisdiction on your place of business, annual registration fee sa bir na P500.00. and one more thing, yung tenant mo ay babawasan ang rental fee na ibabayad sa yo ng 5% as withholding tax. Yung tenant mo na ang mag-remit nito sa authorized agent bank ng bir. itong withholding tax naman ay ibabawas sa income tax due mo kung meron, kung wala kang income tax due, i-carry over to sa next quarter.

     

    Sa buy and sell business naman, parehas din ang taxes sa mga binanggit ko sa itaas, except for withholding tax on rental. Unless magkaroon ka ng client for example large company that belong to top 10,000 corporation, nagkakaltas din ito ng withholding tax sa payment nila, i think mga 2% ata ng payment.

     

    Jackbrng,

     

    Correct me if I'm wrong but recently BIR have become strict in implementing VAT na 12% rather than being satisfied with the regular 6% capital gains Tax. As long as a property is use for business or just use by the owner to conduct his business, they would require you to pay VAT when you try to dispose your property.

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