Magkano ang Apartment Business Tax? | Apartment BUSINESS TIPS | Retired OFW
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- Опубліковано 30 лис 2021
- Apartment Business Tax | Magkano ang Tax namin sa Apartment?
In this video, we finally got to answer the Most Frequently Asked Question in this playlist: the taxes we have to pay for our Apartment Business. They are: Local Tax, Income Tax, Percentage Tax, Real Property Tax, and 12% VAT (only if applicable).
We also discussed how much taxes we pay yearly and why.
Pls check out our next video on HOW WE PAY TAXES:
tinyurl.com/2jmkcz8m
Hope this is helpful. Thanks for watching! 😊
xo,
JaBet
P.S. Sorry po masyadong maaraw noong unang part ng video. 🤣 Hindi ko na na color correct.
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OTHER HELPFUL VIDEOS L:
🎥 OUR STORY: HOW WE STARTED AND FINANCED OUR APARTMENT BUSINESS: • STORY TIME: How we Sta...
🎥 OUR APARTMENT TOUR:
• Apartment Business Tip...
🎥 OUR GOING HOME "FOR GOOD" STORY:
• Going Home "For Good" ...
🎥 HOW WE COLLECT RENT:
• Apartment Business Tip...
🎥 APARTMENT BUSINESS Q&A:
• APARTMENT BUSINESS TIP...
🎥 APARTMENT BUSINESS TIPS PLAYLIST:
• APARTMENT BUSINESS TIP...
NOTE: We understand that now is not the most ideal time to build an apartment because of the pandemic. Cash is hard to come by and getting a mortgage is equally hard with all the job cuts and pay cuts happening around us. But I hope you will still watch so that you can have an idea and PREPARE IN ADVANCE in case you would like to build your own apartment in the FUTURE. We're free to PRAY, DREAM and have a vision for our future anyway, the virus has NO say in that.
#ApartmentBusinessPhilippines #ApartmentBusinessTax #ApartmentBusinessTIPsPhilippines #LandlordLife #OFWinDubai #HowToGetFullCapacity #PassiveIncome #OFWPassiveIncome
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OTHER VIDEOS IN OUR CHANNEL:
Our Home Build Journey
www.youtube.com/watch?v=rKdsI...
➡️ Follow our journey!!! :)
➡️SUBSCRIBE: bit.ly/3d3NN6O
PABILI NG LUPA SERIES: An OFW's Foolproof Guide to BUYING Residential Land
🎥 bit.ly/2J6FX2Y
Here's our Weeks 1-4 progress:
🎥 bit.ly/3cK9jxw
Why I Stopped Working as an OFW:
🎥 bit.ly/2XHiM4e
My Dubai Experience as an OFW:
🎥 bit.ly/2PgesUs
What OFWs can Learn from the Covid-19 Crisis:
bit.ly/2XeOx4h
For more uplifting content, visit my BLOG at: pausepraysimplify.com
📧 Email me at: poncedeleonjc@gmail.com
📱All videos shot using Samsung Note 9/10, DJI Osmo Pocket. Edited using Kinemaster.
Thanks, very informative to those balik ayan retirees planning to enter rental business sa pinas.. salamat
Super thank you po for this very informative video! I hope business is still okay after the Typhoon!
Thank you for sharing this info. Marami akong nalaman.❤
Very informative. Thanks. Waiting for the next video. Kc may 5 unit din kami na apartment sa cabiao, nueva ecija kaya need ko talaga malaman at magka idea sa babayaran s taxes at kung ano ang magandang paraan ng pagbabayad. So, thanks again.
I’m a new subscriber, thank you, Ma’am for sharing this info 🥰 ofw din po ako and dream ko rin pong business ang real estate.. your vlogs are really helpful for me.. God bless! ❤️
This is very informative
Hello ma'am, taga puerto din ako at nagbabalak magparenta. Thankyou for your informative videos 😊
watching from Paris.learning a lot from you.thanks for all the info.
Hi Rossrio! Wow Paris! I think first ka from Paris. Kakatuwa! Our pleasure to be of help! :)
Thank u po, i am learning
Salamat po ate sa info.
Ofw here. Want to do the same. Planning on making low cost one room bungalows. More on volume. Until i can save up and construct a proper up and down structure. Thanks for the tips.
Hi Janice&Abet!
Watching from California 🤗
As always, thanks Nerissa! 😊
salamat po dami kong nalalaman sa videos nyo where i am planning to have an apartment rental business&praying🙏🏻😇
Glad that the video was of help. Thanks for watching po! 😊
Thank you for your video! Jesus Loves you!
Hello po. I appreciate your vlogs po. It was so helpful tulad ko po na magsisimula pa lang po.
It's our pleasure, sis! May God bless your new adventure! Message lang if you have any questions ha. #TuloyLang
@@PausePraySimplify God bless you sis!
exempt daw po sa percentage tax/vat if residential at less than 15k per unit ang rent
Thank you ma'am. Curious lang panu naging zero ung income tax? Meaning 250k lang income ng house hold?
Can you explain about deductibles?
Good day. Very soon po matatapos na rin po iyong apartment construction. for instance po, kung may kukuha po ng building apartment for lease contract. Ano po sa mga taxes ang mga dapat ko lang babayaran at do i have the right to claim for the deductibles. tama po ba, iyong babayaran ko lang iyong lease income, real property tax and local tax? apply pa rin po ba ako ng separate business permit for the lease or iyong lessee na po? thanks po for the advice
Hi, may I just ask. What type business is your apartment rental. Is it a sole or partnership?
Hi po! I have a question po about tax. Nagpapatayo po ako ng apartment right now. Nandoon po sa contract na VAT and contractors tax is not included.
Can you tackle this po? Ang apartment po is worth 5M. May babayaran po ba na tax after matapos yung apartment? Thank you!
paano po ung post-requirements po ng mayors/business permit like philhealth sss pag-ibig kung wala naman po employee?
Watching from Chicago. Thank you for all the info. Planning to invest into apartment business in the near future.
Thanks for watching, Mary! Our pleasure to be of help!
@@PausePraySimplify maam sana gumawa karin ng video gaya ng nangungulekta ka ng upaa buwanbuwan tapos paano ang pag record ng kita hanggang sa pag compute para magkaroon ng idea ang di marunong
@darylle Hi Darylle! Naku sakto may video na tayo diyan. 😊
1. Paano kami kumulekta ng renta?
ua-cam.com/video/IGJrsAza488/v-deo.html
2. Paano irecord ang renta?
ua-cam.com/video/TCorsQ7EwgE/v-deo.html
Sana makatulong! 😊
Mam Tanong Lang po....baryo ung area ko... okey lang po mag pagawa ng boarding house Kahit Wala building permit.. half buddy po ung design..amakan
❤️
Hi mam,ask ko lng sna kng 1701q every quarter ano nmn ang form sa 4th quarter mam,kase may apartment din kase ako 1st time lng
Maam magandang araw po. nais kulang sanang itanong kung magkano state tax or real property tax na sample.pwede po bayaran kada taon po. Ang apartment po kasi namin us 3 door up and down magkano po ba sample na na tax kakagawa lang po kasi at naka lagay po sa building permit niya is apartment po SANA PO MASAGOT PO SALAMAT
ilang doors po ba kayu mam panu po nangyari na 100 nlng income tax ng buainess apartment po nyo sa BIR
Good PM po, if isang unit lang ang pina rent,need ba iregister ito?Salamat po!
Pwede malaman mgkano gross sales nyo one month? Para may idea kami. Thank you
Thanks new friend here
kailangan paba kumuha ng business permit po?kapag nasa compound yunh paparentahan na bahay?
Tanung po mam.tanung lng po ako nkakuha n ako ng occupancy permit k nkabitan n ng kuryente..ung pngawa kng bording house . Pwd kn po parinthan s mga students or my kkunin p ako n mga permit po?
mam
san po kau magpapgawa ng tax kase
may 19 condo po san po kau nagpapagawa doonnnri ako magpapagawa
Paano yung nag paparent ng apartment. Pero walang binabayaran tax. Or kahit mayor permit wala. Pwedi ba ireklamo.
This is so helpful! Thank you and stay safe. Watching from the Holyland, Israel!
Wow yey!!! Dumarami na nanonood sa Israel!!!🥰
Our pleasure po and stay safe too. 😊
May tax din ho ba kayong binayaran after construction ng apartment?
Ano po yung rental depreciation? magkano po yung deduction?
Paano po qng my apartment ka pero walang titulo
Sana po icontent nyo rin anung mga option kung saan ba pwede ipasok na loan ang construction ng appartment at alin ang pinakaprefer nyo.
Thanks
Hello! Diniscuss ko po yan dito: ua-cam.com/video/AciExYDxj0M/v-deo.html
Well, kinwento ko kung paano kami nagsimula at paano namin binayaran ang pagpapagawa ng apartment. sana makatulong. :)
If vat registered 5% net of vat ang tax na babayaran.
Does this apply din po sa airbnb condo ?
Ang hirap igets pero ayos lang, 20 pa lang naman ako HAHAHAHAAH. Dream ko talaga magka small apartment complex someday huhu
Aw haha! Sorry sorry. 😅 Sige lang, in time mageget din. Pero wow! You're only 20 and nagreresearch ka na about apartments? Astig! I laud you for that sis! Go lang! May God bless your heart's desire. 😊
hi mam, meron po ba kayong video regarding pano gumawa ng 1701q? may apartment din po kasi kami. thanks sa reply
Ano yang 1701q?
hi. new subscriber here. thanks for the informative video.
if meron akong 3 townhouse style units na ipaparent ko, ung 250k na limit for income tax ba ay per unit or is it combined po?
Hello po. Ang Income Tax po ay combined. So if may 3 units po kayo, combined po if lahat ay under sa pangalan niyo. Also, kung trabaho kayo tapos may business pa, mixed income na po siya matuturing.
@@PausePraySimplify thanks po.
saan po binabayaran ung percentage tax?
Nag ba bank financing din po ba kayo o leverage diba po may tinatawag din na depreciation write off to lessen the tax
Hello! 😊 Bale kumuha kami ng personal loan sa Dubai nung nag-start na kami mag-build nung 2016 then dinagdagan lang namin ng galing sa sahod namin buwan-buwan. Kinwento namin dito sa video na ito 😁:
ua-cam.com/video/AciExYDxj0M/v-deo.html
Pero finully pay namin kasi agad ang loan in 3 years while nasa abroad.
So di namin magagamit for tax purposes during the first few years dito sa Pinas that time kasi personal loan siya sa bank sa Dubai and not as mortgage sa Pinas. And the whole time nagwowork pa kami as OFWs, 'di namin naiisip that time ang taxes 😅. Basta pinapabayaran lang namin sa Apartment Manager/Caretaker ang lahat ng payments. Wala talaga kaming idea that time. Ayun. 😁
Hope this helps. 😊
The gross receipts from rentals not exceeding P15,000 per month per unit shall be exempt from VAT regardless of the aggregate annual gross receipts.
It is also exempt from the 3% percentage tax.
TRAIN LAW
Hello, per unit meaning per room or doors?
Sana po masagot po
Hi po paano po kapag sa repairs ng apartment kung ilalagay nyo sya as deductibles, kailangan po ba may OR? Paano po pag sa mga labor ng mga tubero at karpintero na hindi nag-iissue ng OR?
Yes po paano po yung gastos sa mga repairs na hindi nag bbigay ng OR???
Hi Maam, ano po ang parusa or mangyayari kung ang nagpapaupa ay di ngbabayad s BIR for taxes? Ano din po ang consequences halimbawa my mangyari s paupahan like sunog or incidents s tenant then malaman nla n hindi pla ngbabayad s BIR ang paupahan? Sna po msgot nyo ang aking katanungan..TIA😊
Hello Ian! Bale para makabayad ng taxes, kailangan registered muna siya as a business. So kailangan ng Mayor's Pernit ot Business Permit. As for the penalty ng BIR, ito po nakalagay:
www.bir.gov.ph/index.php/penalties.html#:~:text=%2D%20There%20shall%20be%20assessed%20and,the%20amount%20is%20fully%20paid.
Wala naman pong penalty from BIR kung magkasunog. Bale ang magchecheck po niyan ay ang Bureau of Fire and Protection (BFP). So if may violations po ang Building niyo like walang fire extinguishers, tamang fire exit kung ni-require nila etc, then saka po magbibigay ng penalty ang BFP.
hello po. I am starting to rent out my apartment building and probably will have a gross yearly gross income of 840,000 and then soon I will be paying those taxes. Base po sa calculation ko more or less 25 percent ang babayaran sa income tax and around 10 percent sa local tax. 35 percent of 840,000 is 294,000 . Unsure po kung ganito ang tax percentage. May nabasa din po ako tungkol sa 5 percent withholding tax sa rental income. Ano po ang pagkakaiba nito sa annual rental income tax? thanks po
Hello Good morning po. Ang taxes po natin na babayaran ay naka-base sa ating COR or Certificate of Registration galing sa BIR. Ito po ang sample from BIR:
images.app.goo.gl/f1WB3soHAegMSKmq6
Magkakaroon ka po nito after registering your business with DTI, then kuha Business Permit sa City Hall and then within a month po dapat maregister niyo na ang business niyo with BIR. Sila na rin magbibigay ng COR niyo at kung ano ang taxes na babayaran niyo, pati ang deadline.
So hindi po pare-parehas ang taxes na binabayaran kasi depende po ito sa COR niyo.
Mas maganda po lalo na't bago palang kayo maga start, you can hire a bookkeeper to help you with your bookkeeping and tax compliance. Kahit sabihin niyo po na turuan lang kayo mag-paguide kayo ano gagawin, ano ifafile, paano gumamit ng eBIR forms etc. Or better yet, you can let him or her handle it for 6 months to 1 year, then aralin niyo siya bago niyo gawin on your own.
Sa amin po kasi kapag medyo complicated na ang taxation and wala kaming time, kumukuha na kami ng bookkeeper (for our construction business). Yung sa apartment ako nalang kasi konti lang ang aasikasuhin. But I don't recommend this kung di niyo pa po gamay at wala kayong time. Mahirap kasi makamiss ng deadlines sa BIR may penalty agad.
Also, magkaiba rin po ang taxes sa BIR, sa real property tax (land and building) at business tax na sinisingil ng City or Municipality. So just please take this into consideration every year.
Hope this helps po. Thanks for watching!
@@PausePraySimplify Maraming salamat. Yes po, it will definitely help.
Pagkakaalam ko, if your renting out a unit above P10,000/ month, you have to pay VAT on it.
Sa video nang bir if 15k above per unit may vat
Ate jah yung 9k+ na binabayaran mo na RPT yan ba yung mismo Building or bahay? Yearly na binabayaran?
Hi Jeff! Sa building lang yun. Yung sa lupa hindi ko pala naisama, 2k naman yung sa lupa yearly din. 😅
@@PausePraySimplify ate jah salamat sa vlog mo dami ko idea na natutunan👏👏Happy New year!
Walang anuman Jeff! Happy New Year din! 😊
ate ang utility po bah included sa deductible for income tax?
Hello po! Yes po, pwede siyang deductible kung maga itemized deduction ka and may OR. Here's the list of what's allowed:
help.taxumo.com/en/articles/2161904-what-are-the-list-of-allowable-deductible-expenses-from-bir
Pero kami naka Optional Standard deduction na 40% kaya hindi na kasama yun and no need for receipt keeping and extensive bookkeeping.
Paano pag d naka register at walang business permit ang paupahan at hindi nag bibigay ng official receipt kada buwan n nagbabayad kami.
sumbong niyo sa munisipyo para magtaas yung presyo ng upa
Mam paano po ang process magbayad ng taxes kung plan mo magparenta sa half ng property then titira ka sa other half ng property? Anu po ang proper na pagapply ng permit sa ganun? Pls give me an advise. First timer po. Thank you po Mam. More power po sa inyo
Pinapa audit nyo pa po ba business nyo?
Hi Shambayu! Sorry for the late reply. Kapag hindi required, di na namin ginagawa kasi additional gastos lang. Madali lang naman gawin kasi automatic na sa website ng BIR lalabas ang computation. 😊
If 264k gross income po applicable padin po ba ung OSD? and ma tatax exempt na po??
Hello! Yes po, applicable po. Bale 60% nalang ang cocomputan ng tax which is P158,400. And since mababa siya sa P240k, tax exempt po kayo. But you still need to file your income tax. And since di pwede magsulat ng zero sa form, kahit P100 nalang ibayad niyo sa bank. Hope this helps po.
@@PausePraySimplify thank you so much po, helpful tlga ung vids nyo po for me na zero knowledge about processing permits.. from mayors permit upto BIR
@@PausePraySimplifyHello po! If yung 60% is greater than p240k, how much po yung income tax?
Yung taxable income po ba ay yearly?
Ahh ok na po hindi ko lang nakita buo yung vid. Thank you po sa info. Watching from US and im also planning on investing to this kind of business.
Hi Ma'am, may I request for a video po regarding BIR form 1701Q.
I'm curious that you only pay 100 pesos tax in your apartment, how many units do you have po?
Thank you so much.
Hi Mylane. Inexplainr ko na po sa mismong video, paki panood nalang. Ang P100 ay sa Income Tax lang dahil sa Train Law. We pay other taxes pa na mas mahal. Please watch po. Thank you.
Yung squatter wala nga tax
Ay true naman po ito.
maam kailangan bang kumuha ng permit kong dalawang bahay paparentahan.salamat
Hi Bernard! My reply is in your other comment. 👍
Sakit pala sa ulo ang Tax sa sobrang laki. dinidiscuss mo pa Lang ehh naiinis na ako. Wala naman natutulong gobyerno sa mga taong nag sisikap puro pangungurakot lang sila
Hi James! Ahahaha! I can relate bro. Masakit nga sa ulo. Pero yan lang daw ang di natin matatakasan sa earth -- taxes and death. Kaya kailangan talaga bayaran. 😅 Iniisip nalang namin donation sa government. Sana gamitin sa ayos 🤞
Hello maam and sir pwede po bang magrequest .pwede po ba gawa kayo ng video about sa magkano ang dapat iparent sa isang 300sqm na commercial lot pero yung place di pa sya gaanu develop pero tabing kalsada po sya at daanan po ang place ko papuntang centro at sa kabilang side po sa unahan ko po may banana plantation at may mga marami pang brgy. pang nandoon. . . Balak ko po sana pa for lease yun mga magkano po kaya dapat kung iparent pag ganyang place . . Sabi po iroad widening po daw yung kalsada dun sa place kung nasaan ang lot ko po . . Bale nasa phase 1 po ako . Hanggang phase 4 po ang mga binebentang lot puno na daw kmi . . Pag nagkanya kanya na pong magpatayo mga kapitbahay ko magiging bibo na ang place dun . . . Pwede po bang makahingi ng idea sa inyong mag asawa super nainspire po kasi ako sa inyong dalawa . . Lagi ko po pinapanood mga video nyo madami akong nakuhang mga ideas . . Thank u po .at sana madagdagan pa po ang mga idea ko . . Gawa pa po kayo madami video. .God bless u both💖
market research ka. meaning, tanong tanong ka sa mga katabi mong commercial spaces
Hi Dioneda! Sorry ha for the uber late reply. Tama si Blackandgray na you need to do market research. I actually have a video on How Much rent to charge pero for Apartments yun. You can still watch it as the principles are similar. ua-cam.com/video/zWq0VVz6bd4/v-deo.html
1. Ano ang biggest selling point ng lupa mo? Kung malapit sa kalsada, mas maganda at mas mataas ang pwedeng iparenta.
2. Check with the city government or agency na magroroad widening and kunin mo na agad ang sukat. This way, malalaman mo hanggang saan ang future lapad ng kalye at kapag may tenant ka na, alam niya hanggang saan lang ang pwede tayuan.
3. Ang mga commercial lots for lease usually for long-term contracts yan. So magtanong-tanong ka sa mga nirerentahan sa mga katabi o kalapit mo magkano renta nila. Kapag mas maliit ang lote, mas maliit na negosyante, siyempre mas mababa. Mas kikita ka kapag gasolinahan, warehouse, restaurant o iba pang in demand na negosyo ang rerenta sa iyo. Pero make sure fit ang lupa mo for it at may demand na for it in your area.
Marami pang ibang considerations but I hope this helps.
Wala akong naintindihan sa income tax Malabo ung vlog
As if babayaran talga yan edi si gobyerno nlng kumita
Ah kayo po ang may desisyon kung magbabayad kayo ng tax o hindi. Kayo rin ang mapepenalty if macheck, kung may maga check. So up to you po ang decision.
Basta kami magbabayad. 😊
biruin mo sa isang negosyo p[alang yan ang dami nang tax binabayran. imagine ung tax na nalilikom ng gobyerno tas eto mababalitaan lang natin pinag nanakaw lang nila. or the other way napupunta sa anomalya. kaya halos magpatayan tong mga pulitiko dahil pala sa mga gantong nanakaw na tax
Salamat po ate sa info.
deductible po ba ang Insurance na binabayaran nyo