What Are You Thinking About?

**bochokoks123** · July 4th, 2018 04:16 PM

Originally Posted by dreamur

If you get lucky, your name will be chosen by the tax auditors especially if there is a sudden significant drop in your tax payments. But if you are not earning 7 digit a year, there is a slim chance you will get picked. BIR has bigger fishes to fry.

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Is there a chance na makikita pa yun ever after several years? And are you aware of the penalty sir?

**dreamur** · July 4th, 2018 05:32 PM

Originally Posted by bochokoks123

Is there a chance na makikita pa yun ever after several years? And are you aware of the penalty sir?

The prescription period for tax audit is 3 years. Not sure about the penalty as I am no longer involved in tax matters but it could be around 25%. How much tax do you think you still owe? And as some corrupt accountants would ask you - how much do you want it to be? :D

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**shadow** · July 4th, 2018 05:34 PM

Super laki ba? If not you can wait put for the amnesty. I think they will coming out with one.

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**bochokoks123** · July 4th, 2018 05:54 PM

Mababa lang naman. Not more than 50k. Pero for me malaking pera na yun kaya nakakapanghinayang bayaran.
What do you mean by amnesty sir?

**EQAddict** · July 4th, 2018 06:26 PM

Thinking about purchasing this old house in talayan village to convert into modern townhouses for sale. But the location floods so have to design carefully.

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**Sarsi** · July 4th, 2018 06:38 PM

Originally Posted by EQAddict

Thinking about purchasing this old house in talayan village to convert into modern townhouses for sale. But the location floods so have to design carefully.

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Floods, floods and floods.

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**chronicle** · July 4th, 2018 06:48 PM

Literal na lumulubog yang talayan village. Plus the area will be depressing since it is now near the skyway

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**tsik_r2d2** · July 4th, 2018 07:52 PM

....na kung sinapak mo sarili mo at nasaktan ka ba, malakas ka ba o mahina?

**EQAddict** · July 4th, 2018 07:55 PM

You guys have good points. The asking price was reasonable hence i was thinking about it.

Wont the flooding ease with all the drainage they are building?

I know chinese like to live in that area hence was seriously considering a build and sell plan.

First floor would have been garage and utility areas to take into consideration the flooding. Then the next 2 to 3 floors would be living spaces.

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**chronicle** · July 4th, 2018 08:40 PM

^
You may want to check this ( Philippine Flood Hazards Map) and see if the location you are eying has been flooded previously. If it was flooded, no amount of drainage system will help it as it is very near san juan river.

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