2009 BAR Examination Questions on Sep 16, 2009 in E-taxbook Examinations 2009 bAR examinations 2009 taxation BAR examimations This is in reply to some requests for copies of the 2009 BAR Exam Questions in Taxation. This questionnaire is in TWO (2) PARTS: Part I with ten (10) questions (numbered I to X), contained in six (6) pages; and Part II with ten (10) questions (number...
2009 CPA Barristers more happier in Taxation on Sep 14, 2009 in Whats new? 2009 bAR examinations 2009 taxation bar exams Tonight, I finally got a copy from the judiciary's website of the 2009 Taxation questionnaires and suddenly scan the same out of curiosity. After a few minutes on it, i can say: "CPA and accounting graduate Barristers are more happier that the res...
How can the BIR increase collections? on Aug 23, 2009 in Doing business E-taxbook Whats new? budget deficit collection improvements collection targets At present, we read on papers the many faces of financial crisis, budget deficit, failure to meet collection target, and the likes. Philippines in on a budgetary system where collections and expenditures are budgeted ahead. Expenditure is quite easy...
Tourism Act of 2009, a new WOW Phils.? on Aug 21, 2009 in Doing business Whats new? Department of Tourism Ecozones RA No. 9593 TEZ TIEZA Tourism Act wow Philippines Republic Act No. 9593 otherwise known as "Tourism Act of 2009" was approved into law on May 12, 2009. This declares Philippine Tourism as an indispensable element of the national economy and an industry of national interest and importance. More impo...
What you should know about ROHQ? on Aug 21, 2009 in Doing business Registrations/applications SEC application incorporation business entities E.O. No. 226 expatriates RA No. 8756 RMC No. 41-09 ROHQ SEC registrations travel tax Regional Operating Headquarters (ROHQ) (Section 2(3), RA No. 8756) means a foreign business entity which is allowed to derive income in the Philippines by performing certain qualifying services to its affiliates, subsidiaries or branches in the Phili...
What benefits can persons with disability enjoy? on Aug 18, 2009 in E-taxbook Income taxes Whats new? 20% discount persons with disability qualified dependent RA No. 9442 RR 1-09 Republic Act No. 9442 amending the MAGNA CARTA FOR DISABLED PERSONS had been approved on April 30, 2009 and introduced specific benefits and privileges to persons with disability in relation to its purchases of certain goods or services, protection f...
What benefits can disable persons enjoy? on Aug 18, 2009 in E-taxbook Income taxes Whats new? 20% discount persons with disability qualified dependent RA No. 9442 RR 1-09 Republic Act No. 9442 amending the MAGNA CARTA FOR DISABLED PERSONS had been approved on April 30, 2009 and introduced specific benefits and privileges to persons with disability in relation to its purchases of certain goods or services, protection f...
Why are penalties imposed by the BIR? on Aug 17, 2009 in Doing business E-taxbook Gen. principles 20% 25% 50% compromise penalties interest penalties surcharge At present, doing business is a bit an inch of perfection, if not a mastery of craft, in order to maximize the use of its finances for success. Many promising undertakings could be made on the funds wasted on penalties. Sometimes, no matter how and w...
15% income tax to expats, when applicable? on Aug 17, 2009 in E-taxbook Income taxes Withholding tax - compensation 15% 25% expat expatriate highly technical employee managerial employee RHQ RMC No. 41-09 ROHQ Revenue Memorandum Circular No. 41 – 2009 dated July 23, 2009 (RMC 41-2009) was issued to clarify the meaning of “Managerial and Technical Positions” under Section 25(C) of the Tax Code, as amended. Compared to the normal tax rate of 5-32% brac...
Tax-exempt compensation, you like it? on Aug 13, 2009 in Doing business E-taxbook Income taxes Withholding tax - compensation 000 13th month pay allowances compensation de minimis benefits fringe benefits P30 personal exemption withholding tax In general, allowances and other form of compensation income, are taxable, irregardless of how they are called. However, there are noted exceptions on this rule by virtue of a law or a regulations. For sure, they will make employees happier because n...
