Blog Posts on fiscal year

Should Voluntary SSS Contributions Be Taxed? by Definitely Filipino on Dec 3, 2011Apparently, a genius from BIR came up with the idea of taxing voluntary contributions to SSS, GSIS, Pag-IBIG, and PhilHealth. Contributions subject to tax are those above the mandatory minimum contributions. This started July this year. By law, these...

BIR related, How is a particular taxpayer selected for audit? by Buziness 1 on Feb 20, 2011Officers of the BIR, like for example the Revenue District Officers, the Chief of Large Taxpayer Assessment Division, or the Chief of Excise Taxpayer Operations Division, or even the Chief of Policy Cases and Tax Fraud Division, are responsible for...

Pennsylvania Revenue figures keep falling by where everything is for free on Sep 11, 2009The state of Pennsylvania has collected over $2 billion in General Fund revenue in June which is about 15 percent less than expected. In the Fiscal year of 2008-09 General Fund collections totaled to be over $25 billion which is about 11 percent belo...