BIR Concerns

[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!

[Bogs26c4u]

Tinatakot k lang ng BIR examiner. The way the examiner operates is to assess at the maximum amount and let the taxpayer wiggle his way out.

 

I presume the assessment is for income tax and/or either 12% VAT or 3% percentage tax (if you haven't exceeded the P 1.5M threshold for SMEs)? INcome tax is normally income less expenses x tax rate. VAT or percentage tax is based on your gross receipts (but in the case of VAT, the output tax due is reduced by the input taxes paid on your purchases). In either case, to get the gross receipts/gross revenues, it's reasonable to start with No. of rooms x rate, but the 100% occupancy rate is a bit outrageous. So you need to be able to challenge the occupancy rate by showing proof that you weren't fully occupied during the period of review. If you can't prove it using your own data, you can also try to use trending / market analysis. basta you need to prove that the 100% isn't reasonable.

 

WHatever is computed as gross income/gross receipts above, for income tax you can still deduct related business expenses - you need to be able to show documentary evidence that you actually incurred those expenses (for example, salaries of helpers/staff, with vouchers showing they actually received the money; utility bills). For VAT, if you are VAT-registered, you can also reduce the output VAT by deducting input taxes on properly supported purchases.

 

Basta always remember that that's how the examiner really operates - burden of proof is on the taxpayer. And so long as you're prepared, you shouldn't have any problem. Whatever the case, DO NOT try to bribe your way out. If you do, you will forever be part of their "budget" - they'll keep coming back expecting you to pay them at least as much as you did the last time.

 

HOpe this helps.

 

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!

[corny20022000]

Does one still need business permit for room for rent in an ordinary house? Sobra na yan.

[guest1979]

Please help me with the computation of my withholding tax.

Last April 16, 2010 I joined this company and I am receiving 12,000.00 only, which is above the minimum pay here in Metro Manila, and Last july the minimum wage is increased to 404.00 per day which makes me belong to the category below minimum wage earner. How ever, my boss said that they will increase my salary to 15,000.00 effective this September 1, 2010.

With the said increase, I would be earning a total of 114,000.00 for the whole year, being connected for 8 1/2 months. I am single with no dependents, and my monthly deductions for the whole year after the increase would be 9,950.00, while the minimum wage earner is earning a total of 147,460.00. how much would be my tax due?

[Kazekage.Gaara]

Is it true na pareho lang ang contributions ng HF sa single?

[guest1979]

Is it true na pareho lang ang contributions ng HF sa single?

 

pareho lang lhat ngayon sir, single, head of the family, married same benefit na 50,000.00 sa mga dependents lang nagkalamangan...