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pentax^27

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Posts posted by pentax^27

  1. It's all about a loan sir. If you want to buy a car and you want to pay it in installment, a bank will give you a loan so that the dealer is fully paid and you pay your amortizations to the bank. Meanwhile your vehicle is mortgaged to the bank which means if you don't pay the bank people will get back the vehicle from you and sell it to repay the loan. You can use the car in the meantime until your loan is fully paid wherein the bank will turn over to you the documents representing ownership of the car.

    if the bank repossessed your car. does this mean you already have a bad credit line?

  2. Do I need to file Income Tax for earning made in another country?

     

    I had a consultancy work in Guam & Hong Kong last year. Payment was made in those territories.

    All witholding taxes for those income were deducted by those respective governments.

     

    I requested that they send payment via wire transfer to my bank account so as to avoid

    carrying $ on the way home.

     

    Question:

     

    1. Is the income tax-free?

    2. If not, how will I declre it in the annual income form?

     

    Thanks

     

    I am not an expert about taxation but according to what I read, all incomes derived abroad are not subjected to tax. Since the government therein already taxed what you earned and I think wire transferring it back home, our government has a certain share on the fee of the wire transfer. I need confirmation on this. Please feel free to correct me please.

     

    In relation to this matter:

    A person employed in the Philippines but stays most of the calendar(meaning more than 6 months) year outside the country. Is is considered a 'non resident citizen'? I think non resident citizen is not subject to tax.

     

    If prior to his stay in another country during the calendar year, the person was deducted with tax. Can the person refund his withholding tax?

    If so, is there a certain procedure on how to file the ITR and refund the withholding tax?

     

    Thanks

  3. Marami akong ayaw na ugaling pilipino

     

    TOP 8

    1. crab mentality

    2. ningas kugon

    3. walang disiplina

    4. juan tamad

    5. trapo (traditional politician - di ko alam kung qualified na ugali ito mention ko na rin)

    6. chismis, usyoso, intriga

    7. balimbing

    8. colonial mentality

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