How to Compute Individual Income Tax in 2024 | PAANO MAG COMPUTE NG INCOME TAX
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- Опубліковано 7 вер 2024
- Under the TRAIN Law, starting January 1, 2023, we will now be using the another income tax table The effect of this update will be a reduction in income tax due. Individuals earning below Php 250,000 will still enjoy income tax exemption. This video is a tax preparation tutorial.
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Disclaimer:
This video is mainly for academic purposes and is not a substitute in doing your due diligence. For highly technical tax issues, you are advised to seek professional assistance or contact BIR for proper tax compliance.
This is a fantastic video. It's clear and easy to understand your explanations. Thank you for providing this information.
Very informative po❤❤❤Thank you so much, Sir Gerard. May God bless, everyone🙏
Glad to help! 😄
Hi Sir Sobrang helpful ng mga video nyo. hopefully na makagawa po kayo video on how to fill up 1701v2018 for self employed sa offline app ng bir. thanks :)
Yes, will have that in the future. Thanks for suggesting!
huhuhu MY FOREVER SAVIOR IN LAW SCHOOL!!!
Sir pa explain naman ng double tax sa mga ofw. Kelan ba dapat umuwi ang ofw para hindi ma double tax?
good morning...how about the computation for RCIT from 1% to 10% effective July 1, 2023. Am i going to file & compute the 3rd YTD less YTD 2nd Qtr which should be taxed as 1%,balance for Q3 should be computed at 10%?
Good day sir, ano Po ba ang kaibahan ng employees at sole proprietorship in terms of taxation? Mas malaki Po ba ang tax ng sole proprietorship or mas maliit kumpara sa employees?
Their tax returns will differ. The amount of tax to be paid depends on the taxable income. For sole props, they have the 8% option and tax table while employees only have the tax table.
@@gerardcarpizo Thank you sir..
Also sir, ask ko na rin po kung need ko mag file ng 1701Q for OCT-DEC 2022. Kasi kaka-register ko pa lang sa BIR nung Nov 2022 as real estate sales person. If yes po, ano po gagawin ko kasi wala po ako any income na incur last quarter.
Thanks alot sir, It really helps to My FS
Hi☺️ do you have video for computing depreciation cost for property?
Eto po yung video ko tho medyo matagal na din ito pero applicable pa naman: ua-cam.com/video/LpuREQevRQY/v-deo.html
pwede po ba kyo gumwa ng mas detalyado or tagalog version nung mga NET, WITHOLDING, haha ksi nakaka lito pa dn ito sa mga normal na tao. :) sana po mapansin. para san ba or history ng ITR or quick recap ng mga nasa 2316.. di ko pa dn ksi talaga fully aware ang tao dito eh.. or may mas simpleng explanation.
Will make a video talking about the contents of BIR Form 2316 in the furure. For withholding taxes, watch this: ua-cam.com/video/1ICqlipop5o/v-deo.html
Pano naman, employed sya July 01, 2023, monthly salary 36k, is he or she subject to withholding tax even does not exceed 250k during the year?
Hi Abdulla. Yes, subject sa monthly withholding parin, pero at year end hindi aabot sa P250K ang income kaya, mag aadjust accounting office at year end, at baka may tax refund kasi sobra ang withholding tax vs. annual tax due. Eto yung video 2316 baka mas maintindihan. ua-cam.com/video/5XeA4h0K9u8/v-deo.htmlsi=_NJUAoykrDNZJSb2
@@gerardcarpizorefundable thru cash ba or e offset sa next filing ? Creditable withholding tax ata vs .Anu nga yung partner neto
Hello po. Sir, ako po ay isang main contrator sa logistics at may mga subcons po ako, tanong ko lang po kung paano ko maibabawas ang collections ng subcons ko sa annual income tax return ko since ako ang nagre-release ng Official receipts sa client namin. my subcons po is also bir registered. Thanks po
Hello po ask ko lang po, paano po gumawa ng Income Tax Return, pag NON-VAT ang isang Domestic Corporation? And hindi pa po nag i-start ang operation? Thanks
Hi Sir Gerard, happy new year! Mag-ask lang po sana ako if may video na po kayo regarding computation ng 1701Q for professional? And paano mag-file and payment nito? Thank you po in advance :)
Sir paano gumswa ng annual financial report pag samahan po
Hi sir ..sir pde po pa explain po ito... nakalagay po ito sa Reminders sa COR ko po...For self employed Individuals whose gross sales and/or receipts and other non operating income does not exceed 3M and who opted to avail of the 8% income tax rate ,the tax type Percentage Tax shall be reflected in COR.However at the start of each taxable year such SEI shall be automatically subjected to graduated income tax rates and required to file quarterly percentage tax return form 2551Q and option to replace the cor to reflect PT unless qualified and opted to avail of the 8% income tax rate annually.. sorry sir naguguluhan po kasi ako... Salamat po
Good morning sir. Ask lang po if taxable ba ang HEA or health emergence allowance na binigay ng government natin as benefit sa workers during covid ttime?
Generally yes po, kasama sa taxable compensation kung hindi po classified as de minimis benefit.
Urgent pls... Ask ko lang po, how to compute cedula base in bir form 2316..ano ang titignan na info sa 2316 para magung basehan magkano babayaran sa cedula
Hi Sir Gerald, I would like to ask about 1701Q for mixed income earner, does 1701Q include both compensation income and sales from business? Can you please explain about 1701Q. Thank you!
Hello po, thank you po s video sobrang helpful Po.
May tanung Po sana ko
Pag halimbwa may business Po ako at may branch ako, pag samahin ko lang po ba yung sales? I'm using OSD Po, thanks in advance.
Hi Nora. Yes, you are correct to say to combine sales/revenue as branches are required to be consolidated.
Good day po.
I just want to clarify po. Our payroll period is in Semi Monthly Period po. However hindi po pumasok sa bank account ko ang pay out ko. Paano po ang W/tax nun? In Semi-Monthly pa rin po ba or in Monthly. Payroll period po?
Ang laki po kasi ng difference ng tax kung semi monthly kasi dinagdag nila yung semi monthly salary ko sa end of month. Please enlighten me po.
Hi Julius. The crediting of the payout is company policy along with their agreement with the bank (payroll account). You may clarify with you finance or HR. Kung sobra ang withholding dahil malaki kaltas, check mo kung may tax refund ka at the end of the year, itago mo lahat ng payslip mo at mag request ka din ng 2316 mo kung available na.
Sir may grab business po ako at the same time freelancer din po ako. Ang nkalagay po sa COR ko na tax type is Professional and Single proprietor, mixed income earner po ba ako?
Hi poh sir thank you sa information, pero ask lang sana, 21,000 monthly basic namin sabi ng employer namin so annual income is 252,000. Pero no work no pay kami, so kong tutuosin daily talaga so hindi aabot ng 21k monthly kc ang daming holiday na wala kaming trabaho at walang sahod, so paano ang tamang computation ng annual namin???
Yan din tanung ko hehe
Hi po! As an employed po from January to October only. Hindi po mttpos uung fiscal yr due to end of contract with client. Mababalik poba lahat ng tax na nakaltas or hindi po? Thank you
Hello, kung ang taxable income niyo is less than the withheld, qualified kayo for refund. Mag request nalang kayo ng 2316 upon separation, para in case na less than 250k ang annual income pwede niyo magrequest ng tax refund sa previous company.
Good morning sir.
How to compute gross sales?
We are on line seller ( mixed income earner ) and 1st time to register to bir.. projected sales for the year will be more or less 500k. Is the gross sales to be computed net of comission and other fees from online platform? Meaning po ba yun nacrecredit lang sa amin yun gross sales?
Paano po ung calculation if I have multiple employers po in a year? Just wary na may malaking additional na babayaran. Mejo confused lang kasi ung isang 2316 ko from a previous employer indicates zero tax withheld pero wala naman po binalik sa mga kinaltas na tax from my payroll.
Sir paano po i compute ang tax sa mga monthly incentive/bonus. Most of the company nagbibigay ng incentive bukod sa sahod monthly
Hello sir gerard! Paano po ang compute kapag quarterly income tax for professional self employed? Tax table pa din gagamitin?
Pwede mag tax table or 8% optional income tax rate.
Sir Question po sana mapaunlakan.
Pag may mga loans, home loans at car loans, life insurance na naka auto deduct sa conpany mababawas po ba ang mga to sa annual income bago ma compute ang taxable income o hindi po?
Salamat po kung masasagot.
Kung ang house (Home Loan), vehicle (car loan), etc. ay may portion na ginagamit as ordinary and mecessary business expenses at duly substantiated, pwede itong deduction sa income tax subject to certain limitation, provided itemized deduction at hindi OSD ang gagamiten.
Sir would like to ask lang how will the employer will compute my annualized Income tax, i resigned oct mid month and start with the new employer right after will they just consolidate my income from the 2316 i submitted plus the current salary with them? Thank you
Goodmorning sir ask ko lang if ever lagay ako as april employee since may how much should i pay until december?
Depende po sa tax bracket nyo, pero kung hindi naman po umabot sa 250K ang annual income tax niyo, zero ang income tax due niyo po.
Hi Sir, baka po pwede makahingi ng summary list of all tax changes starting 2023 up to date po? For easy reference lang po.
gud day po. saan po ibase ang provision for income tax after ng total ng net income
Hi Jocelyn. Depende sa type ng income. Kung subject sa final tax hindi na need declare sa taxable income under graduated tax rates. ua-cam.com/video/EE8dEXJ9iMQ/v-deo.html
How about board of directors saan category po ba siya ng ITR? Ano form po 😊 thanks in advance
Good day po, Sir. Sa allowable deductions po ba kasali ang additional exemptions for those with dependent children? Thank you po in advance~!!!
Under the TRAIN Law there are no more additional exemptions for children, what is now in placed is the tax exemption if gross income is below P250k, also lowered tax rates.
@@gerardcarpizo Thank you po, Sir~!!!
@@gerardcarpizo Umm... Another question, Sir. Are PCSO winnings not included in the gross income for NRA-ET and NRA-NETB and NRC? And how to calculate total income tax? Is it the same as taxable income?
@@idlecat7019 If the PCSO Winnings are more than 10k it's subject to 20% basic tax if you're RC, RA or NRC. If NRA-ETB naman tax exempt. If NRA-NETB subject to 25% FWT
If the PCSO Winnings are less than 10k it's tax exempt unless you're NRA-NETB which subject to 25% FWT
Hello po Sir. Ano pong valid expenses na pwede madeduct for freelancers? Pwede po ba House rent since ginagawa naman po siya office at pati electricity? Thanks po.
Deductible expense is anything that is ordinary and necessary (with evidence i.e. reciepts) in the couse of business. Yes, pwede ma-claim rent and electricity but only a portion based on the use in operation (or based on the law) vs. personal use.
@@gerardcarpizo mukhang mas maganda po pala kung OSD nalang gamitin. Cinompare ko po kasi mas malaki deduction compared sa itemized expenses. Napanood ko po yung ibang video ninyo. Napakahelpful po. Thank you po sa pagrespond.
@@howtotrainyourwaifu968 yes, correct ung sabi mo, especially kung mag itemized pa, mag eeffort kapa mag bookkeep. Kung mas kikita ka sa time mo kesa mag maintain ng records, better na OSD. 😊
Hi goodmorning sir, mag ask lang po sana ako kung magkano ang babayaran ko sa pag file ng itr, tapos npo ako magsubmit at nka received na ng email, thanks in advance
Hi Roly. Kung alam mo na total income mo for the year, ibawas mo na creditable tax, based sa (2316, 2307, 2306, etc). Also yung mga previous quarters. Deadline ng filing ay April pa naman ng next taxable year.
Sir ask ko lamg po if sa pure business income earner like freelancer ano yung four installment? Annually po ba sila nagbabayad tax?
Normally for registered freelancers, their certificate of registration would indicate 3 quarterly payments and 1 annual for income taxes. This is a aside from business tax, if any.
Hi Sir, may I just ask if for 1702mx if there are other income earned from previous quarters but not subjected to tax can it be subjected during the annual itr? if so on what basis. Thank you
Hi Elle. If the income is explicitly exempted by it wont be taxed on an annual basis, otherwise there is a portion in the annual income tax return where you can declare other income that was not subject to tax. Just make sure its not subject to final tax.
@@gerardcarpizo Hi sir, it should be subjected to tax however due to client's position we cannot do otherwise. Where can I get a legal basis which says we can still tax these income during the q3 itr or annual itr?
If it could be under the purview of expanded withholding tax, that could be used as premise to subject it to tax.
@@gerardcarpizo it would be subjected to 25% rcit sir
Good day sir, ano-ano po yung mga kasama sa taxable income thank you po. Ask ko lang tama po ba na monthly salary kami pero 12 days lang po yung binabayaran samen hindi 15 days. Maraming salamat po sa sagot sir.
Generally, lahat ng income ay kasama sa taxable income liban nalang kung exempted tulad ng MWEs. Sa empleyado, lahat ng natatanggap na classified na sweldo execpt kung may mga de minimis benefits. Clarify niyo nalang paid days nio, kasi baka 15 pero may 3 days off.
@@gerardcarpizo 1 day off lang po kami sir parang bi-weekly instead of 15days e 12 days lang yung pasahod.
Hi Sir Gerald,
Ask ko lang po kung isinasama ba tlga sa basic salary ang Sales Commission ? I am just wondering lang po kasi dahil sobrang laki ng Tax ko.
Gusto ko lang po malaman na ganun po ba tlga ang tamang category ng Sales Commission? Or may iba pa?
Thank you and sana masagot nyo ang tanong ko.😊
Hi Charles. Sales commission depends on its nature and the management's treatment. You may clarify with your work contratct if you are an employee or self-emplyed, as this also determines the required tax compliance.
Pano po pag individual income tax a self employed na less 250k ang kinita sa isang taon? May macocompute po bang tax yun?
Hi Mae. None but being registered with the BIR the taxpayer is still required to file income tax returns.
Hello po, so pag walang tax due sa 2316 kase di nabuo yung fiscal year, ibabalik lahat ng tinax?
Yes, if the annual gross income did not reach Php250k, total tax withheld should be returned as tax refund.
Hi sir newbie plng Po ako sa business June 01 2023 nag start kailangan ku n Po b mag file ng tax.. non vat Po..at panu Po kung 0 % Ang income tax Po panu Po mag file
Hi Erica. Kung may cert. of registration ka, andun ang schedule of taxes na dapat ifile. Kung 0 income, need padin mag file ng return pero walang babayaran. Panuorin mo video ko sa 3% percentage tax kung non vat ka. ua-cam.com/video/_SHjrIsdTEI/v-deo.html
. salamat po sa pag sagot..🙏 last n Po na tanong ung percentage tax panu Po kung wlang n akong other income maliban sa sa sales ko un nlng Po ba Ang immultiply sa 3%?? Pasensya n Po madami akong tanong gusto ko lng po tlga malaman wla pa Po ksing kming bookepper wla pa sa budget kaya aq nlng gumagawa lahat..
Ang basis ay ung gross sales related sa business operations. Pwede mo din gamiten 8% optional income tax rate para di na mag file ng 3% percentage tax. May guide din ako tungkol dun.
Sir paanu naman ang tax computation ng over time?
Kung minimum wage earner, exempted sa tax. Kung hindi, kasama sa regular income tax rates ang OT pay.
Hi Sir, What form to use for ITR if Non-Vat, then graduated rates at itemized deduction and gamit na method of deduction?
By the way , hindi rin po naka pag file si bookkeeper ng 1701Q
Hi Edith. Mag file nalang kayo ng annual using 1701A para sa non-vat, piliin niyo nalang itemized instead of of OSD.
Hello po. Ask ko lang po, ung sa table po ba na nakalagay na "250,000.00" na Range of Taxable Income, ito po ba yung compensation for 1 year period? Maraming salamat po! 😃
Yes, under TRAIN Law, kung 250K and below ang taxable income for the year, walang income tax due.
@@gerardcarpizo Maraming salamat po!
Sir good ask ko lng kng paano ko ba malalaman kng naghulog s employer ng tax,gus2 sna malaman kng lahat ng binawas nila skin na tax kng hinulog
Hi Jeffrey. You can visit the RDO where your employer is registered and ask if you are included in the alphalist of your company. Note that you can only request your personal info from the BIR due to data privacy law.
@@gerardcarpizo sir binigyan po kc ako ng 2316 wla nman nka indicate n kng magkano kaltas ko s tax,pero binawasan ako ng tax
Hi Sir,kailan po pwede i less ung allowable deduction na 250K?sa Q1 po ba o sa annual na?
Sir Gerard Tanong ko lang po sana, ako po ay mayroon 5% tax deductions sa company ko wala po ako deductions ng SSS, Pagibig at philhealth legal po ba ang deduction ng company? Mayroon po ba ako dapat matanggap na BIR form as proof of deduction ng tax from company?
Hindi po kayo employee, kayo ay work contract or consultant or similar. Kung 5% baka po more than 3M ang gross receipts niyo as a contract worker. Also, hindi 2316 ang dapat na form niyo, form 2307.
Hi good day po sir i am live out caregiver in different patient/employer po 4 years 15-18k total income per month. Kailangan ko pa po mag file ng ITR? Ano pong category? And how po? Thanks🙏
Hi Sarah. Self-employed (business income earner) po kayo niyan. Kung less than P250k ang total income ng services niyo for the year, no need na to file. Kung need niyo ng aitr (i.e. for loan application, etc), fill up lng kayo ng 1701A pero walang tax due. Eto pwede na beginner's guide: ua-cam.com/video/bm1pJrNfZUo/v-deo.html
@@gerardcarpizo salamat po i will follow your advise po.🙏
I have a question lang po. Nag file po ako ng ITR 1700 po through EBIR po last Monday po. Nag bayad po ako through an AAB (DBP Head Office).
Ang problem ko po, ang nalagay/na-input ko pong RDO code po sa EBIR at nakalagay din po sa 1700 ko po ay RDO 49 po. per checking po with BIR, RDO 47 po pala ako registered.
May penalties po ba akong babayaran?
Ano po ba ang dapat kong gawin sir?
sir ask ko alang anu po ang ITR with BIR stamp
Hi Mylene. Ito ung BIR Form 1701Q or 1701A na may tatak (stamp) ng BIR na nai-submit ung form sa BIR. Merong reciveing copy ang taxpayer nito, dahil kung mag fa-file, usually in triplicate, sa taxpayer ung isang copy.
thank you so much po
hello, dapat po ba may naka reflect na mount sa "tax withheld" kapag nakakaltasan kami ng tax every cutoff "regardless sa amount"? thanks
Normally sa payslip or any similar document dapat naka reflect ang tax withheld kubg merong deduction related sa withholding tax. Dapat bigyan din ang employee ng 2316 as proof mg total withholding sa related na period.
invoice and receipt lang ba ang pwedeng gamitin sa expenses.or pwede kahit anong document? if walang tin number ung invoice pwede ba tong magamit at expenses?
Yes, basta documented ng maayos, tulad ng mga binili sa palengke na usually wala sila resibo.
@@gerardcarpizo realy pwede syang i deduct like Summary Order.
Kung yung expense ay ordinary, necessary at properly documented (may breakdown and other supporting docus from supplier) na for operation ng business, possible na iclaim.
good day sir ano po bang pinagkaiba Ng mga to 0619E, 1601EQ, 1604E, babayaran ko ba lahat Yan po?
Hi po sir, ask lang po ako. Hindi pa po lumampas ng 250k ang salary gross ko this year pero this February nabawasan na agad ako ng tax. sabi ng mga kasama ko sa work, once daw na lumampas ng 20k per sahod (15 days) automatic nababawasan ng tax. Tama po ba yan sir? sana po mapansin nio. Thanks po
Hi John. Yes you will be deducted taxes if monthly salart is more than P20,833. If in case annual income do not exceed P250k, you will be qualified for tax refund.
@@gerardcarpizo Ouch! And the tax refund every end of the year po? If exceeded?
Hello sir paano po kaya sa mga TNVS operator?pag cnabi po bang annual income tax return un po bang income noong January-Dec 2023 po?kelan po ang filling nun?at paano po malalaman kung magkano po kelangan kong bayaran na tax? thanks
Kung TNVS at treated sila as self employed ang income na January to December 2023 ang deadline ng filing ay April 15, 2024 using graduated income tax rates effective 2023.
Hello po online seller here, pure homebased business lang. Ano po ba mas okay for us, 8% or graduated income tax? Monthly sales po namin 150k to 250k
Hi Sir pano pag minimum wage earner (below 250k) AT THE SAME TIME mixed income earner na below 250k business income din? How to file ITR please notice thanks
Sa 1701 para sa mixed income earner, ilagay mo nalang yung gross compensation sa item 4 under MWE, tapos sa sa item 5 ilagay mo nalang din same amount para yung effect ay zero kasi exempted ang compensation ng isang MWE.
Good day sir pano po b kumuha ng itr gagamitin ko po kc s application ko ng visa thanks in advance
Hi Irene. If employed ka, ung BIR 2316 na ung equivalent ng itr. If self-employed or business owner, sa filed na tax returns. Eto guide ng 2316, ua-cam.com/video/5XeA4h0K9u8/v-deo.html
Sir good day.. first regester ko yong 2019 sa October need po ba ako mag file sa 1701 kasali naba yong 2019 ? Salamat makasagot.
Hi Jessa. Filing of 1701 is on a taxable year basis, wc means that 2019 will have its own ITR eventho the entity was registered October.
Hello po sir ask ko lang po. yung 1701 po namin sa efps is hanggang 2017 lang, then nagupdate po kami kay BIR na palagyan ng 2018 to 2023. Tapos po yung 1701 daw is naupdate ng 1701A. Then 7days after daw magigig official yun sa efps account namin. Pero sa kanila lang po lumalabas, kapag po nagopen kami ng efps account wala padin po lumalabas na 1701A. Nagsearch po ako, totoo po ba na hindi pa available until now yung 1701A and 1701 sa efps sa new version neto? (2021 pa po yung nasearch ko pero now po 2023 na) salamat po
Hi Sir.. how about if employee earns 75k gross a month with 13th month bonus and midyear bonus and christmas bonus... paa u Sir mag compute if may tax sheild?
Try niyo po yung video guide ko sa BIR Form 2316: ua-cam.com/video/5XeA4h0K9u8/v-deo.html
Sir, possible po ba magkamali ang employer sa pag deduct ng tax sa mga kagaya namin na cost of service? (di regular but under gov agency). Hope to hear from you po.
Yes possible, esp kung manual ang sistema nila. Clarify mo nalang sa finance office niyo. Hingi ka din ng 2307 as proof of withholding.
Hello, magkano po dinideduct nila na tax sainyo? Contract of service po ba kayo?
Sir freelance earner po ako sa pano po ako mg hulog ng tax
hello sir . last year po ay may resibo napo kami pero this year po ay sinabihan kami na di pa daw kami naka file ng ITR po so pinabayad po kami ng 11K mahigit po .. nakatanggap kami ng papers na may naka indicate po na CPA with resibo na 5500 daw po ang bayad doon .bakit po idadaan pa sa CPA po ee sa BIR naman po dapat na computation yon ..di din po pinaalam samin na idadaan pa po sa CPA tapos may babarayan na naman kaming 3K mahigit po .. sana po mabigyan nyu ng kaalaman po dito .maraming salamat po 😢
Hello po sir, binabawasan po kasi ako every month ng 600 kasi contract of service po ako (consultant) ano po kaya ang pwede kung hingin na paper sa accounting?
Kung hindi ka employee at may withholding, mag request ka ng Form 2306 sa nagbabayad ng service contract mo.
Sir, tanung lang, sa contract namin is magkahiwalay ang basic salary at allowance, sbi ng hr namin na dapat daw as a package na sya- kung gagawin nila yon magiging taxable na kame.. maaari po ba nila gawin yon?
Hi Christopher. By default kasi Basic salary and allowances ay combined para sa pag compute ng tax due. Kung merong sub classification sa allowances as to de minimis, pwede pa ma-reduce ung tax due. Take note may 90k limit din tayo sa 13th month pay..
@@gerardcarpizo so it means po kahit nakapirma na kame sa contract na hiwalay sila is magiging taxable gawa ng allowances na 3k lang for transpo?
tanong lang po tax return paano compute kung babalik sa employee
Mag update ng tax record gamit ang 1905. Kung middle of the year may business income, ccombine yung business income at compensation income.
Good day po Sir, Paano po sir sa status namin sa BIR is employee kami sa company. Pero sa company namin is professional/freelancers kami bali meron kami deduction 10% every sahod. Commission basis po kami. Pero hindi po aabot ng 250k a year yung sahod namin at tsaka may deduction din kami sa may ibang benefits.
Hi Menard. If hindi umaabot sa P250k ang annual income ta nag wwithhold ang company ng 10%, magiging qualified ka sa tax refund. Pero dapat duly registered with books of acct at resibo kang minemaintain upang hindi ka mapenalized at buo ang makuha mong tax refund.
Paano po yun sir sa status namin sa BIR is employee kami so possible po ba tax free kami? Pero sa company po namin professional ang binigay na form sa amin. At tsaka regarding po dyan sa tax refund. Hindi po na idisscuss ng company namin. Employee yung status namin sa BIR pero form2307 yung binigay sa amin.
At meron pa po yung kasamahan namin wala siya TIN tapos kumuha siya sabi sa BIR yun employer po yung mag aasikaso tapos nag pass po siya ng form sa employer namin pero noong pina verify namin sa BIR wala parin siya TIN mag iisa taon napo yung kasamahan namin wala pa din. Tapos lagi siya kinakaltasan ng 10% sa commission namin. Tama po ba yun or bawal sir? Sana po mapansin kasi ang laki po kasi ng binabawas sa amin sir tapos di namin alam kung na iremit sa company namin. Kung pwede po sana kung meron po na way para ma communicate po kayo at maka usap regarding po sa problema namin. Salamat
Based sa 2307 and rate ng withholding niyo classified kayo as self-employed or employed kayo as service contractors and not under an employer-employee relationship.
Ang isang indicator kung anu ang dapat na tax compliance nio ay ung BIR form na binibigay sainyo, kung 2307 ito ay para sa self employed, kung 2316 ito ay empleyado na qualified for substituted filing. Linawin nio nalang sa supposed employer kasi pwede din naman sila mag assist sa TIN processing pero hindi matic na employee kayo kundi contractuals or job orders.
Sir papano naman poh yung ofw pwede poh bang kumuha pero nasa 35k na poh ang sahod q. pwede kaya poh yun salamat po
paano po mag file ng 1710 form with 2 registered business with same account name po? pag iisahin na po sa iisang form or seperate po?
Kung kayo lang po same register single proprietor ng both business, consolidate niyo nalang. Also, under EOPT law wala na wrong venue of filing sakaling magkaiba ng RDO yung 2 business location.
@@gerardcarpizo thank you po sa reply sir🤩🤩 Much appreciated po. more power po
Hello po. My income is rent from a property I own. I collect Php18k/mo, so yearly I collect LESS than Php250k. Do I still need to pay percentage tax on this? TY!
If your rental business is duly registered, the COR will indicate Percentage tax liability. If it is inicated, yes you are liable for quarterly percentage, but if you will use 8% optional income tax rate in filing quarterly income taxes, no need to file percentage tax.
Wala pong computation para sa mga vat?
San po nakuha yung 30k at 22.5k sa 3:40 ?
Hi sir mga employee ba na sa agency my income tax din ba? Sa.payslip kasi d naka lagay
Depende sa work contract sa agency, clarify niyo nalang sa accounting office ng employer.
how about non- vat applicable ba to ?
Hi Sarah. Pag non-vat na covered ng percentage tax, kung gagamit ng 8% optional income tax rate hindi gagamit ng graduated tax rates.
Hello sir Gerard pwede po bang magpa consultation call? Thank you and Godbless ☺️
Good day Sir! Ask ko lng po.. January 2023 up to now lumabas po sa YTD EARRINGS ko ay 373,560 then ang Tax refund ko lng na binigay nila Php 144.75.. 😢 Tama po ba yun Sir? Sana po mapansin at matulungan nyo po ako🙏🥺
Kunin mo form 2316 kung available na para maverify kung anu ang taxable at non-taxable income from January 2023 ua-cam.com/video/5XeA4h0K9u8/v-deo.html
Hello po sir. Classified pa din po ba as mixed income earner if, within the same taxable year, employee ako for the first half, nagresign after and then nagshift to self-employed/freelance job? If yes, at nag-avail po ako nung 8%, hindi ko na din po ibabawas yung 250,000 sa tax computation ko?
Sir yung 20K pababa na may Monthly income, taxable ba sila?
Hi JC. Kung withholding ng compensation yes. Pero kung quarterly or annual income ay below 250k, hindi subject sa income tax.
Hi pano po pag freelancer and below 250k ang income? Do I still need to file itr? Paano po? TY
Yes, need pa din mag file pero zero ang tax due kasi below 250k ang income.
Good day po sir, from January 1, 2023 to Septem 15, 2023 po ako ngayong taon (8.5 mos). Ang lumabas po sa computation nila na taxable salary ko is P407,025, tax due daw po ay 23905. ang tax refund ko daw po ay P7129. Tama po ba sir? Pede din po ba ko manghingi ng kopya ng payslip. Salamat po.
Hi Erwin. Yes, kuha ka copies ng payslip along with copy ng Form 2316, doon mo malalaman kung may excess withholding sa salary. ua-cam.com/video/5XeA4h0K9u8/v-deo.htmlsi=qz4tBiVJtCfA4KU5
sir minimun earner po ako tanung k lng po kng ang ot pay po b ay kinakaltsan. pero umaabot po ng 26 k ang sahod ksma ang ot dpt b ako kltsan ng tax
Hi Percival. Based sa BIR, exempted sa income tax ang minimum wage earner kasama na din sa exempted sa pay nila ay OT. Kung sakaling nakaltasan ang isang MWE, pwede naman ibalik ang over withheld as tax refund at the end of the year. ua-cam.com/video/CrVzvtc1kxk/v-deo.html
Hello sir Ako sir kinaltasan Ako sa companya ko ng TAX na walang TIN number na hinigi sa akin piro kinaltasan Ako ng tax mola 2010 hanggang 2018 sir? Taba na kaltasan Ako sa companya ko kahit Hindi sila ng hingi ng TIN number sa akin sana masagot mo sir para malinawan ako
Kung contractual ung individual, may kinakaltas silang 10% na withholding tax na ireremit sa BIR. Yung contractual na ang mag ffile ng sarili niyang income tax. Pwede mo tanungin sa BIR kung neririmit nila yung kinakaltas sainyo ng kompanya nio.
If ang vloggers ay my maliit na income kylangan din ba mag register?
Per BIR, yes kailangan iregister. ua-cam.com/video/61QprCu5-NM/v-deo.html
Sir ask ko lang po ngwork aq sa govt hospital as J.O for 3 months kasi 3 months lang po yung contract ko (June to sept 2020) then umalis na q and nagabroad aq from oct 2020 up to now. Hindi ko po napa end case yung tax ko sa BIR ngày ơn nagpacheck po ako ng open case ang dami ko na po utang kasi May penalty na po for RF plus annual and quarterly fees. May way po ba para mawaive yung payments ko since ofw nmn po ako? Sana po mapansin nyo po eto , thanks po
Hi Deeana. Unfortunately no, you need to settle the tax due along with its penalties, considering the tax being in case is income in the Philippines when you were a JO not an OFW.
Hello boss
Mejo nalito kc aq may dlawang business ako inopen sa dto tapos dinala ko sa bir ung png 2nd daw bali isasama ko lng daw sa isang business na nauna pagsamahin lang daw tama po ba ?😊
Yes, kung iisa lang naman ang owner ng dalawang business, consolidated filing. Kung yung unang business ay 000 ang huli sa TIN, at yung pangalawa ay 001, combine na filing ng ITR.
@@gerardcarpizo okay po bali 500 parin sia sa Rf no khit dalawa or times 2?
Hello sir baka matulungan niyo po ako Lazada delivery po ako mula po nung 2019 di po ako nakakabayad ng 1 percent sa tax ko..
Pa assist na po kayo sa RDO, look for the officer of the day. Eto po yung guide ko sa micro taxpayers with penalties: ua-cam.com/video/fDHdCNVGa40/v-deo.html
Pwede ba makuha yung part ng income tax mo like in taiwan? How?
Pwede naman, kausapin yung person or department in charge sa income ng Filipino taxpayer.
@@gerardcarpizo I mean po irerefund ka nila. Hindi loan but irerefund ka nila?
Kung mag aavail ng Tax Credit from foreign income Tax, need mag apply ng certificate sa international tax division (ITAD) ng BIR sa National Office nila. www.bir.gov.ph/index.php/international-tax-matters.html
Sir may tax din ba ang allowance sa sahod
Yes, may tax din ang allowances and other benefits. Machecheck niyo kung na kaltasan ng tax s Form 2316. ua-cam.com/video/5XeA4h0K9u8/v-deo.html
sir magkano po ung income tax ko. dahil 5k po ung sahod ko every week
If under a valid employer-employee, gamiten mo yung withholding tax table under weekly basis.
Ksama po b ung overtime sa tax
Hello Aldrin. Yes, kasama ang OT sa income na taxable, unless kung minimum wage earner, yun ang hindi kasama.