Philippine Insurance News
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"Taxation"
Taxes are the lifeblood of our country. Without tax collections, our nation won’t be able to construct bridges, streets, schools, hospitals, and other infrastructures for the public consumption. Without taxes, our government agencies and offices won’t run to serve the citizens. Thus, the taxpayers, who are the source of our national revenue and financial budget, [...]
Taxes are the lifeblood of our country. Without tax collections, our nation won’t be able to construct bridges, streets, schools, hospitals, and other infrastructures for the public consumption. Without taxes, our government agencies and offices won’t run to serve the citizens. Thus, the taxpayers, who are the source of our national revenue and financial budget, [...]
On November 2011, the Bureau of Internal Revenue (BIR) has issued Revenue Regulation No. 19-2011, requiring taxpayers to use the revised forms for filing their income tax returns. The new forms, which include BIR Form 1700 (Annual Income Tax Return for Individuals Earning Purely Compensation Income), BIR Form 1701 (Annual Income Tax Return for Self-Employed [...]
How to replace lost or damaged BIR TIN (Taxpayer Identification Number) card? If you have already registered a TIN before, but have lost your TIN card, or if your card has been damaged, here are the steps you can do to replace your TIN card and have a new one. 1. Know the BIR District [...]
Taxpayers who are required to file their income tax returns under the Tax code, and those who are not required but opt to do so, will be filing with the new income tax returns issued by the BIR. This is for their annual income tax covering and starting calendar year 2011, which is due on [...]
Philippine taxation is already one of the most discussed topics on this blog. I have observed that many Filipinos are still confused when it comes to knowing and understanding their tax obligations to the government. I can’t blame them because taxation, especially income tax computation, is not an easy knowledge to learn. One might require [...]
Tax affects everyone’s life, not only for business owners and employees, but also for anyone who is under the government. Income earned, whether from business profit or from employment compensation, is generally taxed. The commodities and services everyone consumes may also be charged with Value Added Tax and other business taxes. Thus, the food you [...]
