Blog Posts on withholding tax

How to Compute your Income Tax by Esta Es Mi Vida by Mico on Aug 3, 2011A familiar question that has been raised by many every time they see their monthly payslips and/or when they have to file the annual Income Tax Return (ITR) to the Bureau of Internal Revenue (Kagawaran ng Rentas Internas), How to compute the tax rate...

How to Compute Fringe Benefit Tax (FBT) in the Philippines by Business Tips Philippines on Jul 27, 2011Employees are considered by many as the best assets in business organizations. They are the labor force that contributes to the productivity, as well as profitability and stability of any enterprise. Thus, making employees and workers motivated and h...

[In the news] Power coop faces tax evasion rap | Sun.Star by Human Rights Online Philippines on Jun 10, 2011Power coop faces tax evasion rap | Sun.Star. By JM Agreda BAGUIO CITY – The Bureau of Internal Revenue (BIR) filed tax evasion charges against the Benguet Electric Cooperative (Beneco) for allegedly under declaring the value of two lots bought...

How to Compute Expanded Withholding Tax in the Philippines by Business Tips Philippines on Feb 28, 2011How to compute expanded withholding tax in the Philippines? How to file BIR Form 1601-E or the Monthly Remittance Return of Creditable Income Taxes Withheld (Expanded) return? This is the follow up post on our previous published article titled “Exp...

Expanded Withholding Tax in the Philippines by Business Tips Philippines on Feb 27, 2011Expanded withholding tax on certain income payments and withholding tax on compensation are two of the common withholding taxes you should withheld and remit to the government, when applicable. In turn, the payees of these income payments can claim t...

How to Compute Withholding Tax on Compensation (BIR Philippines) by Business Tips Philippines on Feb 22, 2011How to compute withholding tax on compensation and wages in the Philippines? If you have seen a Monthly Remittance Return of Income Taxes Withheld on Compensation or BIR Form No. 1601-C, you will only see totals of compensation and tax withheld on co...

Withholding Tax on Compensation in the Philippines by Business Tips Philippines on Feb 19, 2011Tax is the bread and butter of our nation. That is why our government, legislators and the Bureau of Internal Revenue (BIR), strive to improve our tax system for better internal revenue collection. Withholding taxes, such as withholding tax on compen...

RR 15 of 2010 by Buziness 1 on Feb 7, 2011Last January 21st, I posted a topic about Revenue Regualtions number 15 of 2010 (BIR RR 15-2010). Now, I would like to share a copy of the regulation for your reference. RR-15 of 2010 is all about an additional procedure and/or documentary requiremen...

How to compute your Time Deposit income by Pinoy Money Talk on Feb 28, 2010We recently received an email from one of our readers asking how to determine the interest earnings on his time deposit account. In response, we explain below how exactly it’s being computed. Interest on a Peso Time Deposit account Let’s.

Tax on Internet Election Ads by Magazine of Normative & Developmental Law on Nov 17, 2009The Philippine internet scene is already experiencing the 2010 election campaign fever. Websites are increasingly becoming a very handy avenue for election campaign propaganda. At present, we already have different websites for presidential candida...