BIR Concerns

[Julianda]

As long as napatatakan naman yun bago nawala - walang penalty, ang problema pagdating ng panahon na kailangan nang isurreneder iton - wala kang maipapakita. Declare mo na lang na lost and I think may forn na pe-fill-up-an ka para dyan. Just my thoughts.

[b1gbeauty89]

Tanong ko lang kung ano ang penalty pag incomplete ang mga books of accounts mo - ledger, cash, etc. iniwan kasi ng bookeeper namin.

Hinahanap ng BIR yung mga books. All other papers - BIR monthly documents are in order naman. Ayaw ding ng BIR yung printout from excel file. Gusto nila nakasulat sa books. computer age na tayo pero gusto nila naka hand written pa ang mga entries.

 

as fas as i know since we had a similar case meron compromise penalty of Php1,000.00 yun Sa books ganun talaga kailangan may sulat bawat libro kahit 5-10 entries lang ok na un unless you filed for an option to computerize your books of accounts yun iaaply mo yun sa BIR subject for approval din nila yun. Hope that helps kahit konti

[Fumigator]

meron akong tanong since ang father ko ay matagal ng patay at sa knya nakpangalan ung titulo namin ng bahay at lupa e naisip nmin ipalipat sa panglang tatlo ng kapatid ko mama ko at ako.

 

 

nung kinumpyut na umabot ng 99k lahat ang babayaran namin. . posible ba to? grabe ha.

[timog]

meron akong tanong since ang father ko ay matagal ng patay at sa knya nakpangalan ung titulo namin ng bahay at lupa e naisip nmin ipalipat sa panglang tatlo ng kapatid ko mama ko at ako.

 

 

nung kinumpyut na umabot ng 99k lahat ang babayaran namin. . posible ba to? grabe ha.

 

 

oo possible yan. kasi ang original na estate tax usually ay nakabase sa price ng real property (house/lot) and all other properties - stocks, car, etc.

Tapos may 30% (not sure) penalty PER YEAR. This is only for the BIR. City Hall charges another penalty computed from the time of death until the title is transferred.

 

If you plan to settle it legally then do it asap if not the taxes may overpass the value of the property. In which case, it is better to just leave it as is. You can still continue to use the property but you will not be able to sell it.

[adriane888]

Tanong ko lang kung ano ang penalty pag incomplete ang mga books of accounts mo - ledger, cash, etc. iniwan kasi ng bookeeper namin.

Hinahanap ng BIR yung mga books. All other papers - BIR monthly documents are in order naman. Ayaw ding ng BIR yung printout from excel file. Gusto nila nakasulat sa books. computer age na tayo pero gusto nila naka hand written pa ang mga entries.

Well depende kasi yan kung anu ang pinatatakan mo sa kanila.. actually transactions naman pwede sa general journal.. and if yun lang books mo, dun sila magbabase ng audit.. at kung di nila makikita dun ang hinahanap nila, then they will make assumption which of the disadvantages mo kasi daming magic computation ng mga yan..

[mackyboy]

Kakafile ko lang last week ng 1701Q ko. Kaso dapat pala sa bangko pala dapat ako pupunta. Binigyan ko ng list of accredited banks ng RDO na yun. Inisa isa ko pa puntahan yung mga banks na yun.. kasi hindi lahat ng nakalista sa accredited banks eh di tumatanggap ng bayad for BIR.. huhulaan ko pa kung alin dun ang pwede ... hay...

[tma683]

Did you report on your books the sale that you made abroad? anyways, pwede mo irecognize yung input mo just amend your vat return until na wala pang loa.. ang di lang pwede irecognize na input vat eh yung ang pag sale mo eh exempt sale.. perop mukhang zero rated sale kaya pwede otherwise you have the option to refund or credit it.

 

 

thanks adrane888. sorry for my late response. tagal ko di nabisita ito. kala ko kasi wala na sasagot.

nag file na ako ng vat refund. may loa na rin. pero just as i expected. mukhang aabutin nga ng 100 years bago ko malaman kung may makukuha ba ako o wala. yung mga documents kasi na ipinassed ko, ginawang pingpong ng bir. pinagpasapasahan. imagine yung kineclaim ko 2007 transaction pa, e 2009 na ngayon wala pa rin akong malinaw na sagot mula sa kanila. nag closed na nga yung company ko last month, dahil apektado din kami ng reccession. now i need money badly para maka recover. haaay.. ang gobyerno talaga, gusto kabig lang ng kabig!

[mackyboy]

hello po mga bossing.. im doing software development in a contractual basis. im now paying/filing 1701Q forms quarterly sa bank. sabi nila sayang lang daw binabayad ko sa bir kasi nakaregister ako sa BIR as local employee... dapat daw naka self employed daw ako.... tama ba sinasabi nila? how should i fix this?

[adriane888]

hello po mga bossing.. im doing software development in a contractual basis. im now paying/filing 1701Q forms quarterly sa bank. sabi nila sayang lang daw binabayad ko sa bir kasi nakaregister ako sa BIR as local employee... dapat daw naka self employed daw ako.... tama ba sinasabi nila? how should i fix this?

Actually para sa akin mas okay yan ginagwa mo as professional ka, kasi you are allowed to deduct not only your basic/addtional exemption but you are also allowed to deduct operating expnses relative to you profession.. para kang isang company actually.. Just use it wisely..

[guest1979]

Gud day sir,

 

Tanong ko lang sana kung ano talaga ang right computation of the withholding tax...

 

meron kz me 2 friends na same ang sahod 20,000.00 both are married with no qualified dependents, ung isa is more than 60 yrs. old so wala na sya deduction sa SSS, Philhealth and Pag-Ibig while the other has deductions.

 

I've talked to a CPA, she said that I don't need to deduct the SSS, Philhealth and Pag-Ibig (Employee part Only) sa basic pay nya dahil obligation daw un ng employee. but per Alpha list and 1601-E form, SSS, Pag-Ibig and Philhealth nakalagay sa non-taxable compensation which is also deductible sa basic salary nla...

 

 

meron naman me kilala na hindi CPA pero nagsasabi na dapat ibabawas ung SSS, Pag-Ibig and Philhealth....

naguguluhan na me kung ano talaga ang sundin ko...

 

Thanks for the reply, hope you can also gave me an sample computation.

[adriane888]

SSS, Pag ibig and Philhealth are deductible to your taxable income.. correct yung huling CPA na nakausap mo...

[guest1979]

SSS, Pag ibig and Philhealth are deductible to your taxable income.. correct yung huling CPA na nakausap mo...

 

 

Thanks a lot sir...

[Guest FL]

Im just curious. We submit quarterly vat sales and purch na naka-input sa BIR RELIEF (galing sa BIR yung program).

Pano nila malalaman na ang naka-input dun tama?

[adriane888]

Im just curious. We submit quarterly vat sales and purch na naka-input sa BIR RELIEF (galing sa BIR yung program).

Pano nila malalaman na ang naka-input dun tama?

they really have system to trace what you report is correct, once the assessment audit start, they will check all your sales are really report from your customers vice versa..

[test1985]

Im just curious. We submit quarterly vat sales and purch na naka-input sa BIR RELIEF (galing sa BIR yung program).

Pano nila malalaman na ang naka-input dun tama?

 

matre-trace nila un kapag ung inissue m na invoice sa customer, sinubmit ng customer as a tax rebate ng vat.

 

the only way para maka-takas ka is either ndi i-submit ng customer ung invoice or better yet, wag ka mag-issue ng invoice. hehe.

[Guest FL]

they really have system to trace what you report is correct, once the assessment audit start, they will check all your sales are really report from your customers vice versa..

 

test1985

matre-trace nila un kapag ung inissue m na invoice sa customer, sinubmit ng customer as a tax rebate ng vat.

 

the only way para maka-takas ka is either ndi i-submit ng customer ung invoice or better yet, wag ka mag-issue ng invoice. hehe.

thanks. :thumbsupsmiley:

 

we always issue invoice, hindi pwede na wala, kahit ayaw ng customer ginagawan pa rin namin.

[manager63]

Actually para sa akin mas okay yan ginagwa mo as professional ka, kasi you are allowed to deduct not only your basic/addtional exemption but you are also allowed to deduct operating expnses relative to you profession.. para kang isang company actually.. Just use it wisely..

[/quote

 

Gentlemen, hingi lang ako ng payo sa mga experts dito. Natayo ko na small business ko, registered as partnership sa SEC, may Mayor's and barangay permits, with plate and certificate + lastly registered din sa BIR with VAT certificate. Kaso the past year, wala namang sales. Puro promotions lang nangyari. Hindi pa rin ako nakaka pag print ng invoices at ors ko. And namiss kong i-file eh yung monthly 2551M ko sa BIR. Ni isang entry sa libro, wala, dahil hindi alam umpisan fill upan. Yung 3 libro, binili ko sa isang enterprising BIR employee.

 

Mga questions ko: Pwede ko pa bang i-file eto kahit late na ng 9 months? March 2009 na register company sa BIR. May penalties ba? Home based lang business ko. Sa income tax naman ng company, pano kayo yun, puro expenses lang, walang income? Nag pa ad pa ako sa DPC Yellow Pages, pero, expenses lang. To date hindi pa bumabalik investment ko dun sa advert kahit small box ad lang yun. Basically, mga partners ko mga relatives ko. Ako lang talaga nag papatakbo ng business na to. Pera lang nila puhunan.

 

Appreciate any advise. Thanks.

[jackbrng]

Actually para sa akin mas okay yan ginagwa mo as professional ka, kasi you are allowed to deduct not only your basic/addtional exemption but you are also allowed to deduct operating expnses relative to you profession.. para kang isang company actually.. Just use it wisely..

 

Gentlemen, hingi lang ako ng payo sa mga experts dito. Natayo ko na small business ko, registered as partnership sa SEC, may Mayor's and barangay permits, with plate and certificate + lastly registered din sa BIR with VAT certificate. Kaso the past year, wala namang sales. Puro promotions lang nangyari. Hindi pa rin ako nakaka pag print ng invoices at ors ko. And namiss kong i-file eh yung monthly 2551M ko sa BIR. Ni isang entry sa libro, wala, dahil hindi alam umpisan fill upan. Yung 3 libro, binili ko sa isang enterprising BIR employee.

 

Mga questions ko: Pwede ko pa bang i-file eto kahit late na ng 9 months? March 2009 na register company sa BIR. May penalties ba? Home based lang business ko. Sa income tax naman ng company, pano kayo yun, puro expenses lang, walang income? Nag pa ad pa ako sa DPC Yellow Pages, pero, expenses lang. To date hindi pa bumabalik investment ko dun sa advert kahit small box ad lang yun. Basically, mga partners ko mga relatives ko. Ako lang talaga nag papatakbo ng business na to. Pera lang nila puhunan.

 

Appreciate any advise. Thanks.

 

may penalty na yan, P1,000 as compromise penalty lang kasi wala ka naman kamong sales transaction. btw per unfiled bir return yung P1000, so kung 9 mos ka di naka pag file, meron ka ng 9 unfiled bir returns so P9,000 na yun for vat lang. Kung may tax type ka rin na withholding taxes, additional pa yun. Dapat magfile ka ng bir return monthly pero wala kang babayaran. Ilalagay mo lang na No Sales Transaction. papareceive mo lang yung sa bir para di ka ma penalize sa non-filing.

[pentax^27]

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

[manager63]

Gentlemen, hingi lang ako ng payo sa mga experts dito. Natayo ko na small business ko, registered as partnership sa SEC, may Mayor's and barangay permits, with plate and certificate + lastly registered din sa BIR with VAT certificate. Kaso the past year, wala namang sales. Puro promotions lang nangyari. Hindi pa rin ako nakaka pag print ng invoices at ors ko. And namiss kong i-file eh yung monthly 2551M ko sa BIR. Ni isang entry sa libro, wala, dahil hindi alam umpisan fill upan. Yung 3 libro, binili ko sa isang enterprising BIR employee.

 

Mga questions ko: Pwede ko pa bang i-file eto kahit late na ng 9 months? March 2009 na register company sa BIR. May penalties ba? Home based lang business ko. Sa income tax naman ng company, pano kayo yun, puro expenses lang, walang income? Nag pa ad pa ako sa DPC Yellow Pages, pero, expenses lang. To date hindi pa bumabalik investment ko dun sa advert kahit small box ad lang yun. Basically, mga partners ko mga relatives ko. Ako lang talaga nag papatakbo ng business na to. Pera lang nila puhunan.

 

Appreciate any advise. Thanks.

 

 

may penalty na yan, P1,000 as compromise penalty lang kasi wala ka naman kamong sales transaction. btw per unfiled bir return yung P1000, so kung 9 mos ka di naka pag file, meron ka ng 9 unfiled bir returns so P9,000 na yun for vat lang. Kung may tax type ka rin na withholding taxes, additional pa yun. Dapat magfile ka ng bir return monthly pero wala kang babayaran. Ilalagay mo lang na No Sales Transaction. papareceive mo lang yung sa bir para di ka ma penalize sa non-filing.

 

 

Thank you, jackbrng! Really appreciate the advise.

[Fragolino]

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

 

 

gusto ko din malaman ang sagot dito. online worker din ako home based, clients ko nasa US at Europe, sa paypal nila pinapadala

 

income tax free din ba ang kita ko?

 

please pakisagot naman, tia

[anatoly]

just a question to those knowledgeable on the subject matter.

 

i am trying to compute the total income tax i will be paying for a year. so what i want to know is if the computation below is correct for computing what is taxable for the year.

 

(gross monthly income*12) - (SSS, Pagibig, etc) + (any excess of P30000 from 13th month pay)

 

if this is correct i assume i will just follow the salary bracket specified at BIR's website.

 

 

TIA

Edited April 2, 2010 by jimmii

[ejomc]

sir puede pa bag mag patulong. meron akong niregister na business permit and hindi pa ako nakakapag file ever sincenaregister. 3rd year na namin ngayun. ano mga kailangan ko gawin chaka pano malalaman yung mga penalties? nag iisue din kame ng resibo chaka yung ibang books namin nabaha nung ondoy. sa makati and valenzuela registered yoon hong business namin

[Dr_PepPeR]

just a question to those knowledgeable on the subject matter.

 

i am trying to compute the total income tax i will be paying for a year. so what i want to know is if the computation below is correct for computing what is taxable for the year.

 

(gross monthly income*12) - (SSS, Pagibig, etc) + (any excess of P30000 from 13th month pay)

 

if this is correct i assume i will just follow the salary bracket specified at BIR's website.

 

 

TIA

 

You will have to include all income received for the taxable year, and since you have 13th month pay, I assume you're employed. You also have personal and additional exemptions depending on your status. If you have been given your W-4 by your employer, you can see how your income tax is computed.

[Bolate]

SIR I HAVE AN INQUIRY.

 

I HAVE A SME BUSINESS, I HAVE ROOMS RENTED FOR THE NIGHT. A FEW WEEKS AGO I RECEIVED A NOTICE OF BACK TAXES PAYMENTS WHICH THEY SAY I SHOULD PAY IMMEDIATELY, FAILURE TO PAY THEY WILL SEND A LOA TO CONDUCT FOR US TO BE UNDER SURVILLANCE. NOW, THE COMPUTATION WHICH I WAS IN QUESTION ABOUT WAS THAT THE BACK PAYMENTS WAS BENCHMARKED IN ACCORDANCE WITH THE # OF ROOMS & RATE, & W/ AN OCCUPANCY RATE OF 100%. HOW CAN THIS BE, SOME OF MY ROOMS ARE NOT EARNING DUE TO DAMAGES, STILL UNDER CONSTRUCTION (IF EXTRA MONEY IS AVAIL TO BUY MATERIALS) AND WE ARE NOT EVEN A TOURIST DESTINATION.

 

CAN YOU SHED LIGHT ON THIS. A REPLY IS REALLY APPRECIATED!