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Butsoy

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bosing,tanong ko lang.regardng to sa cheke e.bale bag issue ako ng cheke sa broker ko,tpos bago dumating ung date ng cheke e nag request ako ng hold dun sa cheke,ksi sabi ko wla pa pondo un,pero pinasok pa rin nila sa banko.nangyari e,na penalty ako ng 3t.so wla ko nagawa.ngaun end of the month na naman,papasok ulit ung cheke,sbi ko wag muna ulit ipasok or i pull out na ung cheke kasi wla pang pondo ung cheke.tanong: pwede ko ba sila idemanda kung pinasok ulit ung cheke kahit mau abiso na ko na wag ipasok un (may doc na pinirmahan regarding the hold ng cheke) at ma penalty na naman ako?

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May be better to ask an accountant when it comes to taxation. BIR does not make any deductions. The taxpayer deducts allowable deductions from his gross income to derive taxable income. Withholding tax from the wages of the employee is a duty imposed upon the employer to withhold and deduct from said wages a tax determined in accordance with rules and regulations prescribed by the Secretary of Finance upon recommendation of the Commissioner of Internal Revenue, and to remit said tax to the BIR. The withheld tax is not deductible anymore as you already deducted the wage from your gross income. Wages are considered expenses and is an allowable deduction from gross income. If what you mean from deduction by the BIR are income tax rates, it would depend on whether you are individual or a corporation/partnership.

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inquiry lang po sa mga legal folks dito sa mtc. my brother was mauled by 4 tambays, napagtripan. ano'ng crime ang kinommit nila at violation ng ano'ng law?

 

thanks!

 

Have your brother examined by a medico-legal officer in a hospital. The crime probably committed is Physical Injuries under the Revised Penal Code.

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hi to all,

 

how much does bir deduct from business' gross sales? 12%? 20%?

 

what is withholding tax? is that deductible too? afaik, its only related to employee income.

 

does bir have the authority to tax business income when it comes from overseas?

 

thanks in advance.

 

webmaster, it seems your question centers on withholding taxation. It is not another type of tax, still this is income taxation and it is called withholding tax because it is a method of collecting income tax currently upon the receipt of income. It is designed to insure the collection at source of income tax. what is required to be withheld is not a new tax but the income tax.

 

Meaning when you receive your income, a portion of it is being withheld be remitted by the withholding agent to the BIR....assuming it is really remitted by the withholding agent :hypocritesmiley:

 

As to the rate of the tax to be withheld from your income, it will depend on the type of income that you receive or the type of taxpayer who earned such income. Just try to refer Section 57 to 59, Section 74 to 76 or Section 78 to 82. Try to read and analyze where your situation may fall.

 

For you last question, let me assume that you are Filipino citizen residing herein or your corporation is a domestic corporation, then you or your corporation is taxable on all income derived from sources within and without the philippines. Therefore, the BIR may assess you or your corporation for your income even if it is coming from abroad.

 

I hope this humble explanation will help clear a little space in your mind.

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