BIR Concerns

[jackbrng]

sir, how can i use the yearly depreciation of a property to my advantage when paying taxes? thanks!

 

deductions ito sa gross income mo therefore bababa ang taxable income mo at income tax due mo.

[teban]

sir jackbrng, question lang po ang ibig nyo po bang sabihin na ifile namin na return is yung income tax return na annual finafile? therefore nasa mga 1800 lang ang babayaran namin tama po ba?

 

thanks po so much!

[teban]

tsaka ask ko na din po meron po bang case yun kung sakaling nakakuha kami ng confirmation from city government na hindi na narenew yung business permit namin noon? thanks po

[burnik20]

another newbie question for the masters. how much, or what percentage, of the rent of a rental property is taxed by the BIR? what if the association dues is already included in the rent? thanks again...

[b1gbeauty89]

sir ask ko lang meron ba kayo computation ng witholding taxes on compensation based on RA 9504 ?? Pwede po ba paki pm na lang thanks.

[jackbrng]

sir jackbrng, question lang po ang ibig nyo po bang sabihin na ifile namin na return is yung income tax return na annual finafile? therefore nasa mga 1800 lang ang babayaran namin tama po ba?

 

kung 9 open cases lang nakalagay sa CMS form, mga 1,800 nga lang babayaran nyo. ngunit subject din siguro ang business ng father mo sa ibang taxes tulad ng VAT o Percentage Tax at Withholding Taxes. Mga unfiled return ng nasabing taxes ay equivalent din ng open case. Mas maganda na pumunta ka sa BIR at ipa-CMS mo yung business ng father mo para alam mo yung eksaktong bilang ng kanyang open cases.

 

tsaka ask ko na din po meron po bang case yun kung sakaling nakakuha kami ng confirmation from city government na hindi na narenew yung business permit namin noon? thanks po

 

meron pa rin open case yan sa BIR dahil magkaibang opisina ng gobyerno ang dalawa (City hall at BIR) at delinquent na kayo sa dalawang opisina na nabanggit.

[jackbrng]

another newbie question for the masters. how much, or what percentage, of the rent of a rental property is taxed by the BIR? what if the association dues is already included in the rent? thanks again...

 

rental is subject to 5% expanded withholding taxes based on rent net of vat. Association dues should be separated from the rental fee para hindi sya masama sa computation ng expanded withholding tax.

[timog]

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

[timog]

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

[teban]

mga sir gaanu po ba katagal ang compute ng estate tax almost 2 weeks na namin inaantay eh

[pogingpogi]

mga boss may tanung lang ako kunwari may may company ako ,tapos bebenta ko yung product ( MaChinery) kunwari 100,000 pesos yung capital tapos gusto ko 150k ko bebenta ..siyempre may invoice and OR na kailangan so 150k plus 12% VAT lang ba ? kase sabi nung kaibigan ko may witholding tax pa daw dapat na 3% and income after tax...paanu ba dapat? basta gusto ko kitain 50k paanu dapat gawin ... ???

[azayco]

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 assuming you are a Filipino and a Philippine resident.)

 

For services, what matters is where you performed the services.

 

If you performed the services abroad (i.e., Guam, HK), then the income is NOT taxable in the Philippines.

[tma683]

mga sirs. halimbawa bumili ako ng mga produkto dito sa supermarket natin, tapos ibinenta ko abroad. pwede ko ba iclaim back sa BIR yung binayarang VAT sa pagkakabili ko sa supermarket?

nag search kasi ako, ang nakita ko lang yung mga manufacturers ay pwede. pero in my case kasi, parang trader lang ako, at yung mga produktong binibili ko sa supermarket natin ay imported din, pero syempre nung binili ko yun, kasama na vat sa presyo ng binayaran ko. kaya gusto ko sana maibalik sa akin yung vat, since sa abroad ko naman ito binenta.

if yes, pwede po. ano po mga proseso ? at pag nai file ko na po ba ang vat refund/vat return, mayroon po bang prescription period na sinusunod ang gobyerno or bir para sa pagbabalik sa akin ng vat? baka kasi patulugin lang nila papeles ko abutin ng 100 years tsaka nila ibalik sa akin ang vat.

salamat mga sirs, kung ano man maipapayo nyo, malaking tulong ito sa akin.

[adriane888]

mga sirs. halimbawa bumili ako ng mga produkto dito sa supermarket natin, tapos ibinenta ko abroad. pwede ko ba iclaim back sa BIR yung binayarang VAT sa pagkakabili ko sa supermarket?

nag search kasi ako, ang nakita ko lang yung mga manufacturers ay pwede. pero in my case kasi, parang trader lang ako, at yung mga produktong binibili ko sa supermarket natin ay imported din, pero syempre nung binili ko yun, kasama na vat sa presyo ng binayaran ko. kaya gusto ko sana maibalik sa akin yung vat, since sa abroad ko naman ito binenta.

if yes, pwede po. ano po mga proseso ? at pag nai file ko na po ba ang vat refund/vat return, mayroon po bang prescription period na sinusunod ang gobyerno or bir para sa pagbabalik sa akin ng vat? baka kasi patulugin lang nila papeles ko abutin ng 100 years tsaka nila ibalik sa akin ang vat.

salamat mga sirs, kung ano man maipapayo nyo, malaking tulong ito sa akin.

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.

[timog]

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.