madikngay Posted February 7, 2006 Share Posted February 7, 2006 could anyone show how to compute income taxes? just curious.... Quote Link to comment
jackl Posted February 9, 2006 Share Posted February 9, 2006 LTO website is www.lto.gov.ph Income Tax Comp*tation Gross RevenuesLess: Cost of Goods/Services= Gross IncomeLess: Deductible Expenses= Taxable IncomeLess: Tax Credit=Tax payable You can also check the BIR website which is at www.bir.gov.ph Quote Link to comment
play_boi Posted February 9, 2006 Share Posted February 9, 2006 i have a qustion po. yun bro ko po may business, bali po yun business nya nag start po ng year 2000 w/ 4 other incorporators. from that day ala naman silan nakuhang so they are filing non operation until now. the problem is from 2001 they made another company or a corporation because new incorporators came in who gave clients and at the same time generate income from the business. so yun ibang incorporators nag back out then made a new name pero hindi nila kno close pa yun unang company. pano po ba i cclose yun isang company? thanks Quote Link to comment
jackl Posted February 10, 2006 Share Posted February 10, 2006 Upto what extend did the 2000 corporation pursue its registration. Hanggang SEC lang ba, o hanggang City Hall at BIR? Filing of affidavit of non-operation, kasi, is required by SEC, City Hall and BIR. Sa BIR even with such affidavit, kailangan pa rin na mag file ng mga returns. Paano isara ang isang company? Sa SEC - you have to amend the articles of incorporation shortening the corporate life; sa City Hall and BIR - notice of termination will do but you can expect an assessment or investigation before clearance is issued. Quote Link to comment
play_boi Posted February 10, 2006 Share Posted February 10, 2006 thank you po! what do you mean they will investigate? they will go to the office? naku thats the problem we used the same address of the 2000 company and the existing company. Quote Link to comment
goddessofperpetualdeliciousness Posted February 10, 2006 Share Posted February 10, 2006 is lotto tax exempt? What about 500k-1m jackpot in local game shows? thank you. :hypocritesmiley: Quote Link to comment
James Richard Posted February 16, 2006 Share Posted February 16, 2006 Regarding w/tax.... kasama ba ang night differential pay as taxable income ? o depende sa management.... :mtc: Quote Link to comment
play_boi Posted February 16, 2006 Share Posted February 16, 2006 approved na po ba yun wala ng tax ang mga minimum wage earner? Quote Link to comment
adriane888 Posted February 16, 2006 Share Posted February 16, 2006 approved na po ba yun wala ng tax ang mga minimum wage earner?<{POST_SNAPBACK}>Actually misleading yung press release ng government na exempt na sa tax ang mga minimum wage earner eh.. the truth is... they are only exempt from withholding tax... meaning.. every month or every payday ng mag minimum wage earner are not subject to withholding tax.. however, at the end of the year.. or on or before April 15, they are required to file and pay the income tax.. They are only exempt from withholding tax but still required to pay their income taxes on or before April 15 the following year.. Quote Link to comment
adriane888 Posted February 17, 2006 Share Posted February 17, 2006 (edited) Hindi na siguro pag-aaksayahin pa ng Bureau na i-assess iyan sakaling may deficiency... Masyadong maliit ang inflow, pero ang collection costs ay napakalaki... <{POST_SNAPBACK}>Actually the BIR assessment is not that really a concern, ang issue dyan eh, whenever that particular taxpayer needs to present his ITR as a requirement by any agencies or bank for whatever purposes yan ang magiging issue... you will never never know we will you be needing the presentation of such.. Edited February 17, 2006 by adriane888 Quote Link to comment
play_boi Posted February 17, 2006 Share Posted February 17, 2006 i have another question BIR gurus. wer planning to close a small business. the past 3 years of the operation of the company was not that goood. its even breakeven or sometimes loss but there are time na may onti kita. so from 3 years ago till now hindi na po nakabayad kc ala naman talagang kita na eh. pag nag close na ba ang company mag kakalkal pa ba sila ng papers ng compny? do we really have to apply for closure or let it die in a natural way? i meant kung 10years na hindi na mag remit meaning close na talaga? ano naman ping disadvantage noon? salamat po! Quote Link to comment
yessss_noooo Posted February 20, 2006 Share Posted February 20, 2006 galing naman nito thread... =) Quote Link to comment
jackl Posted February 21, 2006 Share Posted February 21, 2006 i have another question BIR gurus. wer planning to close a small business. the past 3 years of the operation of the company was not that goood. its even breakeven or sometimes loss but there are time na may onti kita. so from 3 years ago till now hindi na po nakabayad kc ala naman talagang kita na eh. pag nag close na ba ang company mag kakalkal pa ba sila ng papers ng compny? do we really have to apply for closure or let it die in a natural way? i meant kung 10years na hindi na mag remit meaning close na talaga? ano naman ping disadvantage noon? salamat po!<{POST_SNAPBACK}> We need to make several assumptions to complement the stated facts, para medyo makumpleto. We wil assume that the business was registered with the BIR, operated prior to the 3 bad years with profit, that tax returns were filed previously. Not sure what you exactly mean sa "hindi na po nakabayad" since this could mean filed a return but declared loss thus no payable or just plain no filing of return. You mentioned of two ways of "closing" the company: 1 natural death (?) pabayaan mo na lang 2 go through the legal process. You ask for the risks of closing, obviously, according to # 1, pag sa #2 kasi, ang final output nuon eh tax clearance meaning approved ng BIR. So sa #1 after ten years, if you stop filing any return (actually BIR computer will know that immediately) and the BIR discovered, if they can show proof that income was earned during those years you did not file, BIR can still assess you 10 years from discovery or file a criminal case. Of course, kung ang income ay masyadong maliit, BIR, with its discretion will likely apply the de minimis principle meaning the tax that can be collected is probably less than the cost of collection. Pero this is not a legal defense, BIR can still pursue both criminal and civil cases kahit maliit lang ang tax involved. Quote Link to comment
adriane888 Posted February 21, 2006 Share Posted February 21, 2006 i have another question BIR gurus. wer planning to close a small business. the past 3 years of the operation of the company was not that goood. its even breakeven or sometimes loss but there are time na may onti kita. so from 3 years ago till now hindi na po nakabayad kc ala naman talagang kita na eh. pag nag close na ba ang company mag kakalkal pa ba sila ng papers ng compny? do we really have to apply for closure or let it die in a natural way? i meant kung 10years na hindi na mag remit meaning close na talaga? ano naman ping disadvantage noon? salamat po!<{POST_SNAPBACK}>Syempre ang legal way is to apply for closure with the DTI if it is sole proprietorship or with SEC if it is corporation and submit ur business closure with the BIR to get tax clearance... Pero kung maliit lang naman and maybe BIR might not even know that ur business exist... you can let it die naturally... kasi ang mind set ng mostly BIR personnel... pag walang masyadong delihensya... they don't bother to check it eh... Quote Link to comment
play_boi Posted February 21, 2006 Share Posted February 21, 2006 thanks po mga sir!!! Sir jackl i think the manager is telling our messenger to file for no operation. sana nga po di na lang ma kita ng BIR. hassle din po eh. ala naman halos kita tpos ma aaudit pa. Quote Link to comment
jackl Posted February 22, 2006 Share Posted February 22, 2006 Even if you file no operation, you may still need to file tax returns. And if it's a corporation you need to file reports with SEC. You should also notify the local government unit. Quote Link to comment
tensyonado Posted February 22, 2006 Share Posted February 22, 2006 may taga bir ba dito?? para sa inyo to..pinagtatawanan kayo no.. ---------- Forwarded message ----------From: King Intal <simba1019@yahoo.com>Date: Feb 22, 2006 11:10 AM Subject: Re: [datingbusko] Gusto nyong maaliw? Read this. Got it from our IT GroupTo: datingbusko@yahoogroups.com talagang nangyayari ang mga ganitong klaseng sitwasyon... ako rin ay may kuwento tungkol sa BIR hehehe... nainis din ako at nagtataka ako sa sistema ng Gobyerno natin kung bakit sila ganoon... isama na natin pati ang PHILHEALTH! heto ang BIR story ko... nung ipatransfer ko sa name ko ang kotseng nabili ng boss ko ang sabi ng LTO ay kailangan ko daw ng TIN. so tinext ko sa driver namin ang TIN ko at ok daw ichecheck na lang daw nila online. after 45 minutes nagtext ang driver at sinabing wala daw lumalabas na record, hahaha ang saya! kung may TIN ID daw ako ipadala ko na lang pero ang problema wala akong ID pero meron akong record na nakuha ko sa internet stating the # under my name, so mabait naman ang taga-LTO at tinanggap ang fax ko. after 1 hour ulit nagtext ang driver at ang sabi eh di daw talaga lumalabas sa computer nila ang record ko... haaayyyy... ipadala ko na lang daw ang ID ko, kuha na lang daw ako sa BIR!!! so the following monday di ako pumasok sa office dahil may mga inaayos ako Tarlac sabay dumaan na ako sa RDO#017 (Tarlac) para humingi ng ID ko at di naman masayang ang oras ko kung sa manila pa ako kukuha... heto na... may lalaking nag-attend sa akin, sabi ko hihingi ako ng TIN ID kung puwede kasi nawala ko yung dati kong ID at kailangan ng LTO para maitransfer ang ownership ng kotse. binigyan ako ng maliit na papel, isulat ko daw ang TIN# at name ko at check muna niya sa computer... after a while ang sabi niya sa akin, "eh RDO#040 (Cubao) ka pala eh." doon ka sa RDO mo kumuha ng ID, hindi puwede dito. kaya ang sabi ko, paano pala kung nasa Mindanao ako kailangan ko pang pumunta ng Cubao para lang sa ID? at ang sagot niya ganoon talaga ang sistema ng BIR! hah?!!! whaat?!!! PARA SAAN PA ANG MGA PROVINCIAL BRANCHES NG GOBYERNO? anyway, like most people will do, nakiusap ako baka sakaling puwedeng gawan ng paraan at ma-issuehan nila ako... HINDI DAW TALAGA PUWEDE! HAHAHA!!! ok sige nagtimpi ako at humingi na lang ako ng PRINT COPY galing sa computer nila na talagang sa akin yung TIN# na yun pero maghintay daw muna ako dahil ginagamit pa yung computer -- ILANG COMPUTER BA MERON SILA?! Haay Pilipinas... naghintay ako and finally after kalahating oras kinausap ako noong babae sa computer na habang may ginagawa sa computer niya ay sabay nagtetext din (iba talaga ang Pinoy sa trabaho laging may kasamang extracurricular personal activities hehehe) in-explain ko ulit yung kaso ko, etc. etc. at humihingi ako ng print copy. sabi niya, "ay sorry, walang ink ang printer ko eh. di pa rin pinapalitan 1 week na ngayon." sh*t!!! sabi niya punta ka doon sa counter na yun makiusap ka na lang ng printout. so nagpunta ako and explain ulit and hingi ng pintout... sabi ng babae "ay sorry, sira ang printer ko dito hindi ko nga alam kung bakit hindi pa rin inaayos eh!!!" HAHAHAHAAAAY!!! Sabi ko, "ANG GANDA NG SISTEMA NG GO! BYERNO NATIN AT SIGURADONG AASENSO TAYONG MABUTI SA MGA GANYANG KLASENG SITWASYON, DI PO BA?!!!" di na ako pinansin nung babae kaya bumalik ako doon sa unang babae at sinabi kong sira ang printer sa kabila. sabi niya saglit lang daw kaya wait ulit ako... pumasok siya doon sa isang opisinang maganda na puro salamin at kuntodo airconditioned kung saan may mga batang gumagamit ng computer doon na tantiya ko ay anak noong officer doon na kasalukuyang may kakuwentuhang isang tao na naka-slouch ang upo (kaya imposibleng meeting yun). napangiti na lang ako.... napailing... at naghintay....nakita kong pinaalis muna sa computer noong babae ang mga bata, ginamit niya, at nag-print siya!!! tang***!!! bumalik siya sa akin at FINALLY NABIGYAN NA AKO NG PRINTOUT!!! Sh*T!!! bakit ang hilig ng mga Government Employees na paikot-ikutin pa ang mga taong nagpapa-sweldo sa kanila???!!! puwede naman palang gawan kaagad ng paraan pinatagal pa???!!! BAKKEEEEEET??? ABOUT PHILHEALTH... kamakailan lang ay na-hospital ang asawa ko sa Tarlac (doon kasi ang work niya), na-confine siya ng gabi and next day puwede na siyang lumabas... sa umaga inayos ng employer niya (Metrobank) ang papers ng Philhealth niya na pirmado ng officer nila sa manila pero FAX COPY lang ito (siyempre ang layo ng Manila)... nung kukuha na ako ng billing namin sa CLDH hospital tinanong ako kung may Philhealth at ang sabi ko meron sabay abot sa certificate of employment and philhealth docs na finax ng metrobank main office makati sa metrobank tarlac... at ang bungad sa akin ay "HINDI PO ITO PUWEDE DAHIL HINDI KAMI TUMATANGGAP NG FAX COPY, ORIGINAL LANG DAPAT!" biglang umakyat ang dugo ko sa utak sa narinig ko at ang sabi ko, "EH PAANO PALA KUNG NASA MINDANAO KAMI AT DOON SIYA NA-HOSPITAL, KAILANGAN KO PANG LUMUWAS NG MANILA PARA KUMUHA NG ORIGINAL COPY NITONG CERTIFICATE AT PHILHEALTH?!!!" at ang sagot ay napakaganda -- "GANUN TALAGA... YAN ANG PATAKARAN NG PHILHEALTH!" HAAAAAH???!!! WAAAAHHHHH!!! MAMATAY AKO SA SISTEMANG IPINAPATUPAD SA ATIN NG ATING GOBYERNO!!! BAKIT SILA GANYAN??? so nagbayad na lang ako ng CASH! at mabuti na lang ay kakukuha ko pa lang ng sahod ko noon... paano pala kung wala kaming CASH? sigurado hindi puwedeng lumabas ng hospital at tatambak na lang bigla ang bill mo at mababon ka na lang bigla sa utang!!! SYET, CAN WE BE PROUD OF OUR GOVERNMENT KUNG GANITO ANG SISTEMA? SOBRANG PAHIRAP SA ATIN ITO!!! sana hindi na lang ninyo maranasan ang mga ganitong sitwasyon... PEACE!!! Quote Link to comment
jackl Posted February 22, 2006 Share Posted February 22, 2006 Malamang nakikitawa ring yung ibang BIR officials dahil malaki naman ang pakinabang nila sa sistemang ito ng gobyerno. At ingat lang, tinitingnan na nila ang LTO records of car ownership para malaman kung may sufficient source of income yung mga nakakabili ng kotse. Kaya ng hiningi ng LTO yung TIN mo para ma check kung may undeclared income ka. Kaya pag nagkataon ikaw pa pagtatawanan ng mga taga gobyerno. Huwag naman sana. Kung gusto mo irereport mo sa Ombudsman o kaya sa DOF kung discourteous ang government official na ka deal mo. Quote Link to comment
jefoy Posted February 22, 2006 Share Posted February 22, 2006 namputch* tlga gobyerno malimit ganyan din sa ibang govt opis sa munisipyo ganun din pati sa mga govt school...grabe very rare ang sasaluduhan mo sa govt opis....alam ko marami nakakalam nito bkt nde nagbabago ang govt natin... Quote Link to comment
jackl Posted February 23, 2006 Share Posted February 23, 2006 Ginawa kasing employment agency yung gobyerno kaya quantity ang workers rather than quality. Yung sweldo ng isang quality employee sa private sector hinati sa limang poor quality government workers. Kaya nagkaganyan. Nevertheless, dyan sa BIR kahit maliit ang sweldo ng mga examiners dyan marami pa ring magaling. Bakit kamo, eh yung sweldo nila panuweldo lang nila sa driver at alalay nila pero yung kita nila ibang usapan yon. Quote Link to comment
adriane888 Posted February 23, 2006 Share Posted February 23, 2006 Mga mates!! sorry to spoil your grievances, pero back to the topic na tayo... Note po, hindi po ako taga BIR.. Just post your query regarding tax so that our tax guru's here could answer your query na... Fish!! Quote Link to comment
shmilyso Posted March 2, 2006 Share Posted March 2, 2006 QUESTION PO... year 2001, nag-business ako sa manila, den nag-close kme the following year...hindi naman ako nag-file ng closure or anything sa bir re sa TIN/TAXES ko...since then wala naman akong naging work or any business na...paano po ba ang gagawin ko sa TIN # ko? meron kayang mga utang na lalabas dun kse di naman nila alam na nag-close na business ko? hindi naman ako pwedeng kumuha ng bago dba? ano po ba ang maganda kong gawin para lang maayos ko ang TIN ko at makakuha na ko ng card at magamit ko uli in the future...thanks a lot Quote Link to comment
jackl Posted March 3, 2006 Share Posted March 3, 2006 QUESTION PO... year 2001, nag-business ako sa manila, den nag-close kme the following year...hindi naman ako nag-file ng closure or anything sa bir re sa TIN/TAXES ko...since then wala naman akong naging work or any business na...paano po ba ang gagawin ko sa TIN # ko? meron kayang mga utang na lalabas dun kse di naman nila alam na nag-close na business ko? hindi naman ako pwedeng kumuha ng bago dba? ano po ba ang maganda kong gawin para lang maayos ko ang TIN ko at makakuha na ko ng card at magamit ko uli in the future...thanks a lot<{POST_SNAPBACK}> Questions lang: 1. What's your business form sole proprietorship partnership or corporation? Confusing kasi as in "nag-business ako" tapos "nag-close kme". Parang bugtong na si "Natinik ako, ilan kami?" 2. Is it correct to say that you did not file anything with the BIR or just did not notify BIR about closure? Yung TIN mo can still be used for other businesses or employment and for most transaction with the government. At kapag may TIN number ka na, dapat ibigay sa yo yung card kung available na. Thir is regardless even if you will be found later to have deficiency taxes. At kung meron mang utang na lalabas malamang mga non-filing penalties lang yun. Quote Link to comment
shmilyso Posted March 3, 2006 Share Posted March 3, 2006 Questions lang: 1. What's your business form sole proprietorship partnership or corporation? Confusing kasi as in "nag-business ako" tapos "nag-close kme". Parang bugtong na si "Natinik ako, ilan kami?" 2. Is it correct to say that you did not file anything with the BIR or just did not notify BIR about closure? Yung TIN mo can still be used for other businesses or employment and for most transaction with the government. At kapag may TIN number ka na, dapat ibigay sa yo yung card kung available na. Thir is regardless even if you will be found later to have deficiency taxes. At kung meron mang utang na lalabas malamang mga non-filing penalties lang yun.<{POST_SNAPBACK}> sole-proprietorship po ang business, & i did not file for closure since 2002...dun nga ako worried sa penalties, since kse nga di naman nila alam nagngyari sa business at nag-close down na...ano ba dapat kong gawin?...thanks in advance... Quote Link to comment
Reese Posted March 4, 2006 Share Posted March 4, 2006 patanong nman po. i recall during my work around 1998 that we gave pictures for the BIR ID card. some got their ID cards about my batchmates. unfortunately, i didn't receive mine. where and how do i claim it? thanks. Quote Link to comment
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