If you’re caring a person with a disability or you’re in a state of disability you must be interested in this tax incentive issued this year 2019. This article summarizes the new pwd discount 2019 and tax incentives. You may read other latest regulations and other tax updates 2019.
Are you looking for 2019 tax updates in the Philippines? Well, this article summarizes the tax updates for this year 2019. What are these updates that you should know? These updates include first, new tax rates for life insurance and insurance in a foreign insurance company. Second, the creditable withholding tax for top withholding agents for their purchases of goods and services on their suppliers. It also defines who are the top withholding agent.
In this article you will find five (5) easy and understandable tips. Before you come to this point, make sure you understand the concept of the estate tax in the Philippines. If you haven’t read yet about the estate tax, well you can click this link Philippine Estate Taxation Under TRAIN Tax Law 2018.
If you’re buying real properties, make sure to have complete documents including …
June 29, 2018, new amendment was issued by the Bureau of Internal Revenue (BIR) for further amendments of section 10 of RR No. 10-2010 under the “Notice to Taxpayers”. The government has the legal right to provide tax information upon request of the foreign tax authority.
There are taxes that are imposed on the documents, instruments, loan contracts and papers proving the sale or transfer of an obligation, rights or property or acceptance and assignment. These excise taxes are called as Documentary Stamp Tax (DST) in the Philippines.
Here are the updates of withholding tax in the Philippines under the new tax reform- TRAIN law 2018. It includes the updated withholding tax rates. The definition of the withholding tax is also well define. What are the income subject to withholding tax for a citizen, resident alien in the Philippines?. There are other income received by the resident citizen subject to withholding tax rate.
Recently the Bureau of Internal Revenue(BIR) issued the Revenue Regulation no. 21-2018 to impose the new interest rate on deficiency tax due. This regulation was issued on September 14, 2018. The previous interest rate on deficiency tax due was 20% and it decreases due to the implementation of train law 2019 to 12%. Here is the details on the new interest rate on deficiency tax due for this year 2019.
On March 15, 2018, Bureau of Internal Revenue in the Philippines issued the RR NO. 13, 2018. This regulation issued is to implement the Value Added Tax provisions under the Tax Reform for Acceleration and Inclusion (TRAIN). What are the updates about VAT under train tax law 2018? Let’s discuss it.
What question do you have in mind regarding TIN number in the Philippines? I know all of us has different questions regarding TIN. Some of these questions are: Who are required to register with BIR?, Is your business required to register annually? Is your business exempted from paying the Annual Registration Fee? I know you still have many questions in mind. Here are the top ten (10) common questions people ask regarding registration with BIR.
You might be wondering why many business establishments were forced to close their business or you might hear from you fried that he paid tax penalties during tax mapping. For sure, you don’t want those things to happen to you? Isn’t it? If yes, you will learn this very important 9 facts to avoid tax penalties or closure of your business during tax mapping.
Every Filipino in the Philippines is required to get TIN number. Do you want to know how to get the tin number? Here are the things you should know about how to get a tin number in your local BIR office. Learn these five (5) simple and easy steps in getting your TIN in the Philippines as fast as you can. Let’s talk first about “what is Taxpayer Identification Number (TIN)? And why do you need it? Let’s start with the meaning of TIN.