Do banks report to BIR?

**archielew** · June 20th, 2013 04:40 PM

Originally Posted by Syuryuken

pano kaya niya ma-trace? bibilib ako sa kanya kung kaya niya kung hindi NANGANGARAP LANG SIYA NG GISING

pwede daw yan, hehehe, momonitor daw nila paypal at bank accounts.

**Retz** · June 20th, 2013 04:45 PM

okay lang naman magbayad ng tax. ang laki ng tax natin eh..... pero ang problema, hindi natin alam kung saan ba talaga napupunta.

**Mguy** · June 20th, 2013 05:01 PM

Yes banks do report to the BIR, for their own taxes lang. Mga bangko di naman chu-chu yan kasi walang kikitain sa pagiging chu-chu.

**K.I.L.L.** · June 20th, 2013 05:02 PM

If the government can provide all basic services and guarantee safety, security, free basic education and health, then I won't even mind if they raise the tax rate. However, it annoys me to see how politicians see us, the people as their servants and not the other way around. I think they need to do a crash course on public service. Often you'd see politicians with their names and photos prominently displayed on various projects. I was listening to former senator Orly Mercado's radio program this morning and he asked what the difference is between a statesman and a politican. He said a statesman thinks of the next generation while a politican thinks of the next election, a statement that holds too true to almost all of our politicians.

Going back on topic, anything that has a paper trail canbe sniffed by the government watchdogs. The only question here is would they need probable cause to start looking into your financial affairs?

**ClaNker** · June 20th, 2013 05:07 PM

Originally Posted by smarxist

I don't pay taxes from my earnings (online) ever. It's quite a lot more than the average income. Since I stated my monthly income, assets and networth when I applied for car loan, and I didn't have ITR to show, is there a possibility that it will be reported to BIR?

Hangang in-house financing ka lang at bahala na ang SA mo sa ITR. Automatic na ang sagot ng mga yan... "Ako na po ang bahala sa ITR nyo sir."

**Mguy** · June 20th, 2013 05:10 PM

And to the TS, please pay your taxes. Don't you get sick of freeloading and letting other Filipinos pay for the roads you use?

**smarxist** · June 20th, 2013 08:28 PM

Salamat po sa mga informative comments guys.

**smarxist** · June 20th, 2013 08:29 PM

Originally Posted by Mguy

And to the TS, please pay your taxes. Don't you get sick of freeloading and letting other Filipinos pay for the roads you use?

Nagbabalak na po ako i-register as business ang online job ko. Ngayon ko lang na-intindihan na kakailanganin ko mag-loan balang araw at kailangan ko ITR as proof of income.

**smarxist** · June 20th, 2013 08:37 PM

If I don't get approved. I might opt for a co-maker. May pumayag nang relative ko.

The bank said, approved na daw ako. Ok daw bank statement at credit standing ko, kailangan lang daw talaga nila ng certificate of employment na wala naman ako.

Ang ipinagtataka ko lang hindi ako hinihingan ng ITR.

**archielew** · June 20th, 2013 08:56 PM

Originally Posted by smarxist

If I don't get approved. I might opt for a co-maker. May pumayag nang relative ko.

The bank said, approved na daw ako. Ok daw bank statement at credit standing ko, kailangan lang daw talaga nila ng certificate of employment na wala naman ako.

Ang ipinagtataka ko lang hindi ako hinihingan ng ITR.

bakit COE hinihingi sayo? ano ba dineclare mong source of income? hahanapan ka din nyan ng ITR once na ipa-go mo yung deal.