8% Income Tax Rate | Graduated Income Tax | OSD | Itemized Deduction | Online Freelancers
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- Опубликовано: 19 сен 2024
- Why 8% Income Tax Rate is the best tax option for freelancers?
I. Benefits of 8%
II. Graduated Income Tax
III. 10 Different Income Scenarios
With the comparison of
8% Income Tax Rate vs
Optional Standard Deduction vs
Itemized Deduction
10 Different Income Scenarios - Google Sheets Copy
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Sobrang salamat sir! Clear explanation of the differences of the 3 types of taxes you mentioned. Thank you! 😊
Sana magka video k ng pano magsulat sa books of receipt ng 8% non vat seller. Thank you
Thank you for the enlightenment poh! mabuhay ka poh!
Thank you sir. Ang linaw linaw ng paliwanag nyo. Laking tulong po ito. Godbless po. New subscriber here.
Thank you so much po for sharing this. Malaking tulong po sa tulad naming bagohan, mas nauunawaan po namin ang mga paliwanag 😊 God bless po..
Happy to help! You're welcome!! :)
Sa lahat ng tutorial dito sa RUclips ito lang yung nakapaglinaw kung anong rate ang iaavail ko base sa aking gross yearly😊😊 salamat sir.. Ganito dapat channel ang sinusuportahan.
Happy to help po! More power sa business mo!
SO 8 Percent ka na boss?
Pag lalaki nag explain, straight to the point. Maraming salamat Sir, na gets ko rin.
Grabe sobrang laking tulong nito! thank you so much po for making this video
ang galing SA dami Kung napanuod dito Lang ako natuto 😇
Slaamt po sir..sa napakaliwanag na paliwanag...😊😊😊😊
Hi, Sir New Subscriber thank you! I am now convinced by the 8% Income Tax Rate. :) More power to your channel!
Thank you Aldrine! Welcome to the 8% club! :D
Hello @gaconsulting, very informative video. Mas madali ko naintindihan yung explanation ninyo.
Question ko lang po... Is the sample sheet applicable for quarterly income tax filing (1701Q)
Ang pogi na Ang GALING pa mag explain,thanks
Very helpful po ang computation kala ko maa mapamahal pa ako sa 8%, kasi po morethan 400k ang kinikita namin. Kala ko nagkamali ako sa option na napili ko po. Mas maka less pa din pala sa 8%.
Thank you so much for this!!!
You're so welcome! :)
naintindihan ko agad salamat bossing.
Very helpful! Thank you!
You're welcome! :)
Thank you po for sharing this , BIG HELP PO 🙏🙏
Happy to help! You're welcome!! :)
Meaning pag big income earner ka at low expenses choose 8% tax payer category.
Salamat Po,big help Po samin
Hello sir ask ko lang papano po kung grab operator ka may driver ka ang na rerecieve mo lang ay kung ilang araw mag beyahe Ang driver mo pag complete Ang beyahe nya sa 1 week may 6000 ako Dito ko kukunin bayad sa kotse monthly papano po declare yun
kapag po naka OSD? need pa din ba mag record ng mga expenses? or katulad lang din ito ng 8% ITRate na income only lang ang irerecord?
thank you po ❤❤❤
You're welcome! :)
Sir may sample computation kapo nito? Na ang busimess expense sa itemized deductions ay nsa 50% ? Baka sakali mas mababa ang maging ITDue ☺️
question po. ung na ccompute na tax due is ung babayaran for the entire year or quarterly? thank you.
Not vat po ako sa cor ko
bakit po naging zero yung income tax due nung 333,333 gross income kapag OSD?
Sir, kapag naka 8% IT rate po, di na kailangan ng resibo ng mga expenses tama po? Or need pa mag-OSD as mode of deduction kahit na naka- 8% IT rate po ang pinili?
Ask ko lng po- if you opt for the 8%, why do you have to deduct P250k from your Gross Annual Income? Hindi po b, 8% ng Gross Annual Income ang dapat bayaran? Hindi kelangan mg-deduct ng P250k?
I assume mixed income earner po kayo. Hindi po yan applicable sa inyo.
sir, dun sa scenario 2 para sa 8 percent tax payer, kung ang filing nun ay quarterly, panu pa ang compuation nun?
Very helpfull po, im an online seller po at balak ko pong mag8%, non vat po ako pero pano pag nalagpasan ko ang gross sale na 3m this year matatax ba ako ng 12% agad or sa nxt year na
sir kapag mixed income earner (employed) tapos may online selling, mas ok po ba ung osd, since hindi ko na magagamit ung 250k dun sa tax table. baka pwd po makahingi ng sample computation kung 220k a year ang gross sales. salamat po
Sir mag paregister na Ako sa BIR isang online seller sa Lazada at shoppe,Ang net income po Nasa 20- 30k,so mas magaan po ba ang 8%.at ung 8% po ba buong year napo ba un tapos quarterly Po Ang pgbayad..? salamat po.
Hi sir may vlog ka din po for quarterly computation ni 8% ITR?
If nag-8% na po ba, di na pwede magpalit into OSD or Itemized in the future?
Sir ang 8% income tax rate since yearly nirerenew kumbaga. Eh meron po ba syang deadline o expiration date na hanggang dun na lang sya pwedeng iavail gaya ng nangyari sa 1% percentage tax after deadline babalik ka sa 3%. Sana mapansin
Sir question, panu filing and computation ng ITR kapag on the first quarter, employed k tpos nagresign. Then 4th quarter k nagregister ng business. Thank you
Pwdi ba ang 8% sa kagaya kong may own business at government employee?
Hello po sir, pag OSD ba ang method of deduction kelangan pa mag record ng expenses sa book? Blue book lang po gamit ko 1 book lang
Sir tanong lang po
Naka fix n po b 20% lng po pwede sa business expenses Pag itemized deductions ang pinili?
paano i-input yung scenario 3 yung may percentage income tax (1% & 3%) sa ebir online?
ilan po ba ang book of accounts ng 8% tax and services ang business ko po kasi payment center ako at ticketing pls help me po sir wala ako idea sa books na eto
Meralco hindi ba pwede sa expenses?
Sir question, Sa 2551Q pinili ko po ay Graduated Income Tax rate on net taxable income ok po ba yun? single proprietorship only ( resident citizen ) yung taxpayer type. na register po ito sir march 29, 2023 di po ako nag bayad nung 1st quarter kasi bago lang nag register. next question sir di pa po ako nag bayad for 1701Q ano po ba e select ko sa ATC ? sana po ma sagot thank you. none vat po yung aming recibo
Sir sana po mapansin ninyo comment ko po nasa retail po ako online seller yun po gross sales namin eh may puhunan pa po saan po ba mag bawas ng taxable sa gross sale or sa bet income?
Hi sir paano po kung nabawas na yung percentage tax kc sa govt po inaalis na po yun. 40% osd po pinili ko. Madeduct po ba yun sa gross ko? Tnx sir.
hello sir pag more than 3M na ung annual income mo anu po ung best option na gamitin for tax compliance? sana po masagot. thank you in advance!
Hello there! :) ruclips.net/video/Wkj6ucOs9Zc/видео.html
How to file po yung 8% po?
Sir pag TNVS like GRAB ano po ba recommended ninyo?
Pwede ba ibawas ang 2307/ewt sa tax due ng 8% tax rate?
Hi po. New subscriber po. Tanong ko lng po kung May 2023 po naregistered yong business tapos nasa COR reflected po yong Percentage Tax, okay lng po ba napiliin ko yong 8%?
Hello! For NEWLY registered business. YES you can still avail the 8% on your FIRST quarterly tax compliance. Then i-zero filing si percentage tax return - tick also the 8%.
Thank you so much for your support!
Thank you po.
Kailangan ko pa bo bang ipaalam sa RDO Branch na mag aavail po ako ng 8% pra po maupdate yong COR?
Kung izezero ko po yong Percentage tax kailangan ko po bang magbayad ng minimal amount pra hindi mag open cases? Or no need na po kung pipiliin ko po yong 8%?
Kung sub-contractor po yong line ng business recommended po ba na 8% yong piliin?
sir ask ko sana. pano kaya ako makakapag-register para sa online filing ng ITR?
Hi po, pag non-vat ka regardless of any business, you have the option to choose either 8% or OSD?
Pag school van po?
Sa 8%, gross income meaning deducted yun COGS?
wala ng COGS.. sa Gross basehan po.. kung 1M kita less 250,000 = 750000 taxable income mo times mo sa 8%
@@diocaremarloro4483 don lang po ba sa kita ang pagbabasehan ng pag compute? Hindi kasama puhunan?
Sir what will happened Po for first quarter we used itemized then this annual I Accidentally hit the 8% optional standard deduction.
Hello! Just refile po using 8%. Tick Amended (YES).
pag 1M unnual income 60k per yr babayaran or per quarterly?
New subscriber here sir! Tanong lang po april ako nag register pero no operation april and may since di pa lumabas ang mayor's permit. Tanong ko lang po sa 2551q 2nd quarter first time ko mag file ng 2551q pwede po ba piliin ko 8%
Hello! Since kaka register mo palang at FIRST compliance mo is 2nd Quarter. YES, pwede po mag avail ng 8%.
Thank you for your support!
Yung gross annual income m sir bawas na jan cost of sale?
Pasok po diyan sa 8% sir ang mga insurnce agent?
Paano po kung sa Certificate Of Registration ay need mag file ng percentage tax, kung napili ang 8% tax deduction so exempted na po sya kung 250k ang gross income? Still need to file percentage tax pero 0 na ang tax. Thanks po
Same question po
Hello po, gusto ko po sanang itanong yung sa form 1701q #47 na sales/revenues/receipts/fees (net sales return,allowances and discounts).. Na deduct na po ba ang witholding tax dito or wala pa?
It refers to your gross income.
Hello sir, ask ko lng kapag OFW and then may business dto sa Pinas, considered ba un as mixed income earner? Ano po magandang piliin n tax rate? Thank you.
Hello Christine! Not a mixed-income earner po. Full-time business po yun.
Dipende po sa type at laki ng business kung ano ang magandang tax option.
Assuming 1.2M ang annual gross sales ng business, ano po ang más magandang rate n gamitin? Thank you so much
Sir ask ko po what if nakapag bayad na po ako ng PT for grauated tax then gusto ko po mag 8% for 1701Q ngayon pwede pa po ba yun?
Hello Calix! Since na-file at nabayaran mo na si PT. Graduated ka na po for the whole year 2023. 1st Quarter 2024 ka pa ulit pwede mag 8%.
@@gaconsulting THANK U PO.
🙂
Ung graduated b aun b ung 3% tax
Quarterly din po ba mag file kapag nag opt. po nag apply na sa 8%?
Hello! Yes, whether 8% of graduated income tax, quarterly parin po ang compliance.
Sir sana manotice po. Nagregister po ng business January 2023 then di po naka-avail ng 8% flat rate upon registration pwede p po ba magsignify ng intention to shift from graduated rate to 8% flat rate upon filing 1701q or 2551q? Thanks po.
Hello Mary Grace! Yup, just choose 8% on your quarterly ITR filing and 2551Q. All good na po yun. :)
@@gaconsulting thanks po. Pero pano po kung tinanong kung magavail at humindi po xa kc wala po tlg xang alm idea about dun upon registration pwd pdn po ba xa magsignify ng intention ng 8% upon filing ng 2551q ngaun lng po kc naliwanagan ung frnd ko about dun? Thanks po
@@gaconsulting kailangan ba Sir ito ipaalam sa RDO mo(as in pupunta ka dun mismo to inform them) since you're changing to a different tax type when filing? or okay na yun? just choose 8% sa forms? sana masagot nyo Sir. same case kasi ako.
and if ganun Sir yung case, zero filing na po ba yung mangyayari sa 2551Q?
sa 8% flat rate pano po computation ng quarterly payment?
Q1 Tax Due = (Q1 Gross Income - 250k) * 0.08
Q2 Tax Due = (((Q1 + Q2 Gross Income) - 250k) * 0.08) - Tax paid in Q1
Q3 Tax Due = (((Q1 + Q2 + Q3 Gross Income) - 250k) * 0.08) - Tax Paid in Q2
Q4/Annual Tax Due = (((Q1 + Q2 + Q3 Gross Income) - 250k) * 0.08) - Tax Paid in Q3
Notes: 250k is the tax exempt per year for 8%; Tax paid in previous quarter also includes any tax already withheld from you (e.g., you're a freelancer under an agency and they deduct 2% tax from your monthly salary. That tax withheld should be accounted as tax that's already paid kaya included sya dapat sa tax paid in previous quarter that you will deduct from your tax due for the current quarter.). Hope this helps!
To add, don't forget to request for a copy of the 2307 from the agency to serve as proof for the tax already withheld. You will submit it when you file/pay for your quarterly tax.
Hello po, what if kakapa register ko palang po ng July 2023, need ko po ba mga file for 2nd quarter? Since month of July is for 3rd quarter na po e. Thank you sana po masagot agad :)
no need po. 3rd quarter po start ng filing niyo.
sir sino bias mo haha
May limit ba yung total % ng expenses sa itemized?
same question po, palagi po kasi nakalagay na 20%?