Blog Posts on e-taxbook

2009 BAR Examination Questions by pinoytaxation.com on Sep 16, 2009This 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...

How can the BIR increase collections? by pinoytaxation.com on Aug 23, 2009At 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...

What benefits can persons with disability enjoy? by pinoytaxation.com on Aug 18, 2009Republic 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? by pinoytaxation.com on Aug 18, 2009Republic 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? by pinoytaxation.com on Aug 17, 2009At 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? by pinoytaxation.com on Aug 17, 2009Revenue 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? by pinoytaxation.com on Aug 13, 2009In 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...

What is an income for tax purposes? by pinoytaxation.com on Aug 13, 2009Income refers to all wealth which flows to the taxpayer other than a mere return of capital. It is a flow wealth that goes into the taxpayer within a specified time, arising from the use of capital, use of labor through either physical and/or intelle...

DST exemption on listed shares, made permanent? by pinoytaxation.com on Aug 13, 2009Republic Act No. 9648 was signed into law by President GMA on June 30, 2009 and applies retroactively to March 20, 2009. This made permanent the 5-year exemption introduced by Republic Act No. 9243 that commenced on May 20, 2004 and ended up on May 2...

Why not legally minimize, than evade taxes? by pinoytaxation.com on Aug 9, 2009Who would not like to pay a lower tax, or a no tax at all? there is conflicting interest between the government and the taxpayer. The taxpayers always wanted for less while the government bargains for more. Nevertheless, all these shall be within the...