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  1. Join Date
    Jan 2003
    Posts
    2,979
    #1
    Quote Originally Posted by CVT
    4wrider "Sa halos 90 million na Pilipino wala pang 3 million ang nagbabayad ng income tax. Mga empleyado ang karamihan dito. Karamihan kasi sa atin ay tipong freeloaders. Masama ito dahil pinipiga natin ang productive sector ng lipunan para suportahan ang mas nakakaraming botanteng walang masyadong contribution sa bayan."

    AMEN!
    at sila ang nakakatanggap ng libreng pabahay, libreng philhealth, libreng negosyo, etc........ samantalang ang hirap na hirap na pangkaraniwang empleyado eh nagtitiis para lang may maipambayad sa renta ng apartment.....

  2. Join Date
    Jul 2006
    Posts
    1,731
    #2
    Quote Originally Posted by CVT
    4wrider "Sa halos 90 million na Pilipino wala pang 3 million ang nagbabayad ng income tax. Mga empleyado ang karamihan dito. Karamihan kasi sa atin ay tipong freeloaders. Masama ito dahil pinipiga natin ang productive sector ng lipunan para suportahan ang mas nakakaraming botanteng walang masyadong contribution sa bayan."

    AMEN!
    Pag naaalala ko yang mga katagang yan gusto mo bulyawan lahat ng kotong cops pati mga mahihirap na "AKO ANG SUMUSUSTENTO SA INYO!" :mad:

  3. Join Date
    Oct 2002
    Posts
    787
    #3
    dapat kasi kung sino nagbayad ng taxes in full ang puwede magvote... ;)

  4. Join Date
    Oct 2002
    Posts
    9,894
    #4
    Q: what is the highest personal tax rate bracket in the philippines?

  5. Join Date
    Jan 2005
    Posts
    3,773
    #5
    Quote Originally Posted by M54 Powered
    Q: what is the highest personal tax rate bracket in the philippines?
    err eto ba yun? http://www.bir.gov.ph/taxinfo/tax_income.htm#25147

  6. Join Date
    Jun 2005
    Posts
    787
    #6
    Quote Originally Posted by M54 Powered
    Q: what is the highest personal tax rate bracket in the philippines?
    The top marginal tax rate is 32%

  7. Join Date
    Dec 2005
    Posts
    52
    #7
    Quote Originally Posted by M54 Powered
    Q: what is the highest personal tax rate bracket in the philippines?
    technically its 32%.

  8. Join Date
    Jul 2006
    Posts
    276
    #8
    I work for a small company, but 2 years ago we won an award for being the 9th BIGGEST taxpaying company in the Philippines.

    TSKTSK

  9. Join Date
    Sep 2005
    Posts
    15,310
    #9
    ibig sabihin.. malaki kita nang company nyo.. kaya malaki ang tax..

    yung iba ko namang barkada.. ni co convert nang company nila yung part nang sweldo sa RATA.. tapos tinatapatan na lang nila nang gas/food receipts.. para tax free..

    sa mga accountants.. may provision ba kung gaano kalaki dapat ang allowable RATA for one company??

  10. Join Date
    Dec 2005
    Posts
    52
    #10
    Quote Originally Posted by Dvorak
    ibig sabihin.. malaki kita nang company nyo.. kaya malaki ang tax..

    yung iba ko namang barkada.. ni co convert nang company nila yung part nang sweldo sa RATA.. tapos tinatapatan na lang nila nang gas/food receipts.. para tax free..

    sa mga accountants.. may provision ba kung gaano kalaki dapat ang allowable RATA for one company??
    walang naka-lagay sa tax code...and sinasabi lang eh "reasonable amount", so as long as mapapatunayan mo na "reasonable amount" and idine-declare ng companya eh walang problema....plus ndi kaya ng resources ng BIR to audit all taxpayers sa Pinas.

  11. Join Date
    Oct 2002
    Posts
    729
    #11
    Quote Originally Posted by Dvorak
    yung iba ko namang barkada.. ni co convert nang company nila yung part nang sweldo sa RATA.. tapos tinatapatan na lang nila nang gas/food receipts.. para tax free..
    In the long run, talo ang empleyado sa ganitong arrangement. Oo, mas maliit nga ang taxes na babayaran mo, pero magiging maliit din yung ibang benefits mo which are based on your monthly salary, ie, bonuses, separation benefits, retirement pay, kasi hindi naman usually kasama yung rata sa computation ng mga benefits na ito, we'll at least dito sa amin ganyan.

  12. Join Date
    Oct 2002
    Posts
    13,415
    #12
    question, kung nagfreelance or independent consulting ka for a single project, tapos kunwari mga under 20K lang ang binill mo, ano ba dapat?

    1) The company (yung nagcontract sayo) pays you the amount due less taxes na...
    2) You'll file the tax separately since you're not their employee...

    Either case, how much lang dapat ang tax kung ganun lang kababa (less than 20K)

  13. Join Date
    Jun 2005
    Posts
    787
    #13
    Quote Originally Posted by theveed
    question, kung nagfreelance or independent consulting ka for a single project, tapos kunwari mga under 20K lang ang binill mo, ano ba dapat?

    1) The company (yung nagcontract sayo) pays you the amount due less taxes na...
    2) You'll file the tax separately since you're not their employee...

    Either case, how much lang dapat ang tax kung ganun lang kababa (less than 20K)
    Taxes are computed on an annual basis. So even if you receive only P20k for the project, what matters is how much you receive for the year. So pwedeng 32% yan, kung milyon-milyon ang kinita mo for the year...

  14. Join Date
    Oct 2002
    Posts
    13,415
    #14
    Quote Originally Posted by creepy
    Taxes are computed on an annual basis. So even if you receive only P20k for the project, what matters is how much you receive for the year. So pwedeng 32% yan, kung milyon-milyon ang kinita mo for the year...
    Yes, that I understand, but in a project basis where you're not employed by your client (you're not in their payroll, but only as an expense), shouldn't they pay you in full and ikaw na bahala mag file ng taxes, and not sila yung kakaltas?

  15. Join Date
    Dec 2005
    Posts
    52
    #15
    Quote Originally Posted by theveed
    Yes, that I understand, but in a project basis where you're not employed by your client (you're not in their payroll, but only as an expense), shouldn't they pay you in full and ikaw na bahala mag file ng taxes, and not sila yung kakaltas?
    sir, depende po sa tax activity nung client mo, may mga company na ndi sila required mag-deduct ng witholding tax...in that case buo mo na makukuha yung amount na siningil mo sa kanila...however kung dun sa tax activity nila eh required sila to deduct witholding tax...no choice sila kundi bawasan yun pera mo dahil ndi ire-recognize ng BIR na expense yung binayaran ng client mo.

  16. #16
    dabid: I'd go with #2, although one of my clients asked for my TIN # for income tax purposes daw.

  17. Join Date
    Oct 2002
    Posts
    13,415
    #17
    I see, thanks :D

  18. Join Date
    Dec 2005
    Posts
    52
    #18
    Quote Originally Posted by theveed
    I see, thanks :D
    nga pala sir, when ur client deducts witholding from u, always ask for Form 2307...this makes u sure na ni-remit nila sa BIR yung witholding tax and at the same time u can deduct it from ur quarterly/annual income tax....pag di ka nila binigyan...posibleng mado-doble yung tax payment mo.

  19. Join Date
    Oct 2002
    Posts
    21,433
    #19
    alam ko ang top 10,000 corporations lang ang pwede mag withheld ng taxes (1-2%).
    Signature

  20. Join Date
    Sep 2005
    Posts
    15,310
    #20
    don sa RATA.. does BIR checks yung mga receipts?? madami kasing written OR na walang amount in words.. pag kinukulang ako nang receipts.. nilalagyan ko na lang nang isa pang digit yung amount in figure.. say 450.00, gagawin kong 1,450.00.. tapos pag ni audit lang naman kami ni che check nang auditor.. di naman binibgay sa BIR..

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