Blog Posts on ewt

Withholding tax system, how it works? by pinoytaxation.com on Aug 13, 2009Withholding tax system in the Philippines is quite an interesting topic for those engaged in trade or business, or those in practice of profession. This is a system of advance collection scheme where the approximate income tax of a specific income pa...

Tax on renting aparment, condo, and other residential dwellings by pinoytaxation.com on Aug 6, 2009This post covers tax implications of renting residential dwellings such as an apartment, condominium unit, and a house and lot in both sides-the lessor or owner and the lessee or tenant. Tax implication would depend on the monthly rental of such unit...

Withholding tax requirements for Top Twenty Thousand Corporations (TTC) by Philippines Taxation on Jun 8, 2009The BIR, seeing the potential collections from withholding taxes, has now expanded the coverage of the mandatory withholding under the previously selected Top Ten Thousand Corporations to the now Top Twenty Thousand Corporations (TTC). Under the regu...