If the company is a corporation and President ka, same computation as I have presented, executive payroll ka. Pero if meron ka business as sole proprietor walang salary computation. Annual and quarterly filing of income tax ang application mo. I hope na gets mo. Ty
Hi maam. I happy to watched such informative content like this in taxation. To clarify lang po maam, regarding sa pagkuha ng tax due po, for example po 350K yung taxable income e-less po ba yung 250K tax exempt before ka mag compute ng corresponding dun sa bracket tama po ba?
Hello, sa question mo na 350K taxable income, YES , based sa tax table na bracket 250k to 400k, the computation is 15% of excess of 250K. so in your question ang computation is 100k x 15%=15,000 tax due. BTW beginning 2023 mas pinababa ang tax rates. Pero pag lampas ng 400k to 800k sundin lang ang tax table, hindi na mag babawas ng 250K. As per tax table ang susundin.
Maam yung 20k tac due yan na po ikakaltas for the whole year? Meaning idivide yung 20 k sa 12 months tapos yung amount yan po yung ibawas monthly? New follower here
Thanks for subscribing. Yes estimated computation for the whole year para malaman mo rough figures ng tax due mo. Pero if you want the exact amount for this year, just go to BIR website, meron silang tax calculator for simple Tax computation. hope naka help itong reply ko.
Hi Manay Liza, Very well explained. I’m your new subscriber. The good things abt u is that u reply all the querries of your subsbribers. May questions lng po ako. Last june 2022 lng po business ko. 1. I have contract of services employees, salary is P250k. No tax to be paid sila. Need po b nila mag submit ng ITRQ? 2. For 2316 ang issue ko s kanila at the end of dec 2022. Nagsubmit n rin sila sa registered rdo nila ng 1901, nagbayad daw po sila ng P500 for updating. Ako po b mag file ng ITR nila or sila na? 3. Job order/contract of service for project based work same lng b ang treatment pag dating s filing. Thank u very much
Hello po! I just want to clarify something. 90,000 worth of incentives (in a year) is not considered as taxable income, right? If it exceeds 90,000, let's say 146,000 in total, does that mean 56k is added to your taxable income? Thank you po
Hi po thank you po sa malinaw na explanation. Ask ko lang po kung need din po ba ideduct ng income tax ang freelancer agent sa commission niya. If oo ilang percent po? Thank you po.
Hello salamat sa pag subscribe. Yes the company that you had rendered service will withhold usually a 2%, or 5%, or 15% na applicable sa profession mo. Then dapat mabibigyan ka nila ng form 2307 as your tax credit when you file your income tax come April 15 para ibawas mo sa tax due mo if meron kang babayaran. Pag walang babayaran it will remain as tax credit until fully utilized in the succeeding years, kasi alam mo na mahirap mag file ng tax refund sa BIR. Thanks.
Linaw magturo, pano po kung Forex,Stock, Crypto trader same lang po ba computation at kung anong karagdagan Permit ang kailangan or License, ETC? Pag 3 million total taxable ba kailangan may I register? Quarterly ba pag file at bayad ng income tax?
Hello Pain apple, kahit Wala pang 3m Basta nag start up ka Ng business need mag register. Tax payments ay quarterly and annually depende sa tax types when you are done sa BIR registration. Nakikita mo yun sa COR na ibibigay Ng BIR. If about sa forex stock etc, baka need mo Ng permit din from BSP. Banko Sentral Ng Pilipinas.
Mom pwede po ba ipaliwanag po ninyo ang multiplication kung additional o substraction, division o multiplication.para po malinaw iyon lang po salamat po.
@ManayLIZAAdventures1961 combine harvester Po ma'am..ehhh...may Isa Akong harvester...kada craping Po..sinisingil Ako Ng treasure Dito sa barangay.ng Isang kaban..sa Isang Daan kaban na na reaper .. Tama poba yon .
On quarterly filing, marami kang choices na pwedeng piliin sa form 1701Q. Pag sa first quarter ang napili mo halimbawa ay itemized deduction, applicable na yun for the whole year. Pag nag sobra ka na sa net income na 250,000 (after mabawas ang mga expenses relatated sa business) mag babayad ka na ng tax. Refer mo sa tax table.
Hingi po ako ng malinaw na palinag noong pumasok yang TRAIN LAW. bakit nagbabayad ng 500 pesos every year ang sumasahod ng 7,000pesos (sa government po kami)? Bakit hindi kami exempted?
Ano po yung 500 na binabayad nyo? Exempted dapat kayo sa withholding tax kasi wala pa sa minimum ang sahod nyo. If govt employee meron kayong deduction like GSIS in lieu of SSS, philhealth and Pag ibig contribution. Sa payslip nyo makikita dapat breakdown.
If you are an employee, with one employer for the taxable year say 2022, ang 2316 ay no need to file, after ma sign ng employer, just keep your copy. If you are employed and at the same time meron business, need ka mag file ng annual income tax return using form 1701 or 1701A which ever is applicable to you then magagamit mo ang 2316 and 2307 as creditable tax withheld para ma offset sa tax due mo or refund to carry over next taxable period.
Tax due - total tax na dapat bayaran. Yes same lang as tax payable if lahat yan Wala pang partial payment of tax. If Meron withholding net difference na lang Ang tax payable.
Hello po maam. Kamusta po? Paano po if 20000 income per month plus incentives and spiffs po. How much should I get for my ITR? First timer po ko makaka kuha ng tax return. Thank you po.
Depende sa total amount of income mo for the year kung magkano income tax due mo. If 250K all in na , no tax yet, if greater than 250K refer to the graduated tax table and sum up all taxes withheld from you. The net amount is the balance to be paid.
Hello po, saan po nagbebase ang pagbabawas Ng SSS,phic at pag ibig para naka arrive SA taxable income?gross compensation po ba ?na kasama ang overtime allowance at absence or SA basic pay na deducted Lang ang absent?
Ang basehan ng SSS/PH/PI contribution ay total gross income, meaning net of absences plus OT. Madaling gawin ng employer lalo na kapag meron silang computerized payroll system dahil maraming employees.
For tax compliance ng employer mo iyun, that is correct to withhold. It is your responsibility as taxpayer to get your TIN from the BIR kung saan malapit ka nag work or place of business.
Yes annual and quarterly filing and payment for purely business and mixed income earners meaning employed ka na Meron ka pang negosyo, for employed individual annual filing and payment.
I just want to ask po, what if sinabi sa problem na inclusive yung 13th month pay and other benefits? Should I less it to the gross income or should I add it? Di ko po kasi masyado nagets yung pagkakaturo ng prof namin eh. Salamat po
Good afternoon Ma'am. May itatanong lang ako ukol sa form 2316. Kung ang gross income ko ay 892,000 binawasan ito ng mga phil health cont, sss, pag-ibig, demimiss at 13th month pay a total of 148000. May ibabawas pa ba na 250,000 mula sa train law? At ang magiging difference ay babasehan sa pagcompute base sa tax table ng train law? Tama ba na ang ibabawas ko sa 892,000 ay 398,000 at ang maging taxable income ko ay 494,000 at ito ang susundin kung bracket para sa tax withheld na computation? Tama ba na ang tax due ko ay 53,250 dahil nabelong ako sa 400,000-800,000 na taxable income? Pls help me to clarify things.
NO. Kung ano ang taxable income na lumabas sa 2316 mo, check the annual tax table kung saan bracket papasok ang computation ng tax due. No need to less the 250K. In your example above 744K ang taxable income so nasa row ng Above 400K to 800K annual income= 30K tax due plus 25% of excess over 400K.
Mam idol, bakit po sa company namin, may tax kami. Kahit minimum wage lang sahod namin. (537) per day.. kasi daw po may overtime ka... kaya sa loob ng isang taon, umaabot ng sahod ng ng 300k to 400k.. dahit sa overtime at holiday pay.... dba dapat wala ka mi tax mam?
Hello farmboy, if no other income received like commissions, and incentives, exempt ang MWE kahit meron OT rendered. Extract mo ruling ng BIR about tax on MWE. Ipaglaban mo yan. Sayang tax na ibabawas sa salary mo.
Kapag ginamit mo ang 40% OSD, mag start yun pag file mo ng 1701Q- first quarter onwards. Hindi mo na pwede palitan yang option na yan for the year up to annual filing. Mag auto compute yan sa form ng ebirform platform ng BIR. 40% of GRoss profit ang pwede mong ma claim as Expense deduction. Ang advantage lang nito, no need to submit financial statement sa April 15 annual filing. Qualified ka if up to 3M ang Sales revenue mo.
Hi, Just want to ask.. we opted for graduated income tax since mababa lang kami magpatubo like 8-10%, non VAT po kmi kc rice retailer po and way below 3M ang puhunan, do we have to file and pay OPT still? We opted for graduated kc yung gross sales namin exceeding tlaga ng 250,000 pero konti lang patubo nga namin dun....tpos nag itemized deduction kmi..kc di namin kaya ung 40% deduction lang. Wala po kasing nakalagay sa COR, kaya I'm hoping na tama po na hindi na kami nagfifile nun.. 1701/1701A, 1701Q lang po nkalagay
Dapat Meron pa kayong percentage tax na babayaran, qtrly din 2551Q. Double check mo sa RDO mo baka naka open case Ang mga Hindi mo na comply to file and pay. Para Sure ka Kasi mahal interest and penalty
Hello po ma'am how po magcompute ng individual tax payer, nahahati kase ung sa 3 column 1. indibid tax payer 2. National internal revenue code of 1997(before the train law) 3. R.A no. 10963 tax reform acceleration & reform? thank you in advance po ma'a.
Hello mam paano ung business ko sari sari store sya with smart Padala and I'm very sure less than 250k ang income ko tax free nanba sya pwde ba ako nakuha ng ITR at business permit
Kahit less than 250k ang kita pwede mag register for business permit then BIR register ka na rin para makapag file ka ng ITR na need ng banko lalo na kung gusto mo mag loan pang dagdag capital.
Hello maam, we have two choices po ba on paying tax. Kung quarterly po ba or annually. Pwedi po ba tayo pipili po? Kung annual or quarterly po. Or both need eh apply po. Thank you
Hi Popsie, if you are self-employed with business registered with the BIR, naka indicate sa COR -certificate of registration mo ang mga required compliance to file sa BIR. Need ka mag file ng quarterly using 1701Q and annually using 1701 or 1701A. Ang option mo lang doon kung itemized deduction, OSD for expenses. Download ka sa BIR website ng eBirForms na application para ma try mo at makita ang pag compute ng tax due. Salamat.
For self employed, must register with the BIR, then assess ang sales or income. If more than 3M gross revenue, need ng CPA certification and preparation of audited Financial statements. If less than 3M ang income, no need for a CPA certification, just file with BIR using the system ebirform version na pwede mong ma download from BIR website.
Thank you po sa sagot.. Nagpa rehistro po ako last month (April) sa BIR as Sole proprietor po, iba po ba yun sa self employed? at yung form po 1701A din po ba?
@@brivheltv Yes tama sole proprietor -seller of goods or services, self employed ang tawag kasi ikaw ang business owner. Employed or employee = namamasukan ka sa ibang companies. 1701A ang form -need to file annually sa kita mo ng buong taon 2022. next year ang deadline April 15, 2023. Pero need mo mag file ng 1701Q every quarter, April ka nag register so ang kita mo nang April to June dapat ifile mo sa July 15 and so on for July to Sept. ang Oct-Dec kasama na sa annual filing 1701A, total na ng lahat ng quarters. If you want to avail my services to file your taxes due, just DM me at my fb account. Liza Blazado Patano. Ty
if non vat registered po then tax type po is income tax (annual) , percentage tax ( quarterly) then less than 250,000 po, may babayaran pa po ba? if wala po babayaran need pa po ba na magpasa ng form quarterly at annually? salmat po pasensya na po medyo naguguluhan pa po
If less than 250K Ang net taxable income, walang babayaran sa 1701q quarterly and 1701 annul, pero dapat in time filing using ebirforms latest version. Ang need bayaran ay percentage tax 2551Q every quarter. Sa Ngayon 1% of sales. Pero next year Jul 2023 babalik na sa 3% na usual rate.
@@glenxgarcia6324 same ba ng TIN ng COR 2303 ang ine encode mo sa ebirform? Make sure tama ang mga info details upon first time fill up sa ebirform. If meron pa problem balik ka sa RDO kung saan ka nag register and ask for assistance.
Good morning po gusto ko po sana mag pa turo kung papaano ee calculate ung ITR ko po. im self employed sa isang company na walang business at may binigay naman na formula si company kaso po hindi ko po alam kung papaano ko po ma compute kung may babalik pa ba sa akin as tax refund po. sana po mapansin :(
Hi mam, self employed individual with bus. Vat reg. Pano po ang computation All Gross income Kasama po ba sa deduction ang Non Vat Purchases ko? My recibo po pero Non Vat po recibo? But i did not include it sa Vat relief. Thanks for asap reply
Yes kasama sa deductions ang mga non vat receipts. Include mo sa VAT form/relief as purchases not qualified for input tax. sa exceluploader nasa exempt column sya.
May tanong po ako, may pinagkaiba po ba sa pag-compute ang rank-and-file employee at managerial level employee in terms of determining the total income tax due? Paano po kaya yung sa rank-and-file?
Same computation whether rank and file or managers. Alamin mo kung ano-anu ang taxable at non-taxable income as indicated sa 2316 form. Sa tax rate na mag iiba. sympre pag mas malaki ang taxable income mas malaki ang tax due na babayaran.
For income inclusions: income from business such as sales or service rendered, for expenses: all expenses related to business. Personal expenses are excluded.
Yes kasama. OT taxable, allowance non taxable pero depende sa policy ng company. Asked mo acctng nyo if part of diminimis benefit ang allowance. If so non taxable.
If you are not employed in a company, you are categorized as self employed that needs BIR registration, it may be classified as service provider. Your income from being a crypto trader will be your gross income subject to income tax and percentage tax. If you are employed, that income will be added to your salary as your other income in computation of your taxable income. For now, wala pa kasing clear guidelines si BIR about digital income from crypto, unlike social media influencer, naglabas na sila ng ruling.
@@ManayLIZAAdventures1961 di naman ako employed kasi ako mismo may control sa pera ko sa trading. Ano po yong rate ng percentage tax at pwedi ko po ba ibawas yong electric consumption, load, internet, gadgets na bibilhin ko as part of office supplies sa mga expenses ko?
@@henryferrerjr.8490 percentage tax is 3% of your gross revenue meaning na receive mo na kita. Pag over 3M, Valut Added tax of 12% naman ang rate. Sa income tax comp. pwede ibawas expenses related sa kita mo.
Same pa rin pag compute accumulated up to anong quarter ang pina file mo. Less payments or meron withholding tax from previous quarter if any tax is due thereon. This is for business income tax.
May paupahan po akong pinapagawa mga pitong pinto studio type 3500 hnggang 4000 ang upa magkanu po magiging tax ko kng mag apply ako saka anu po yung mga expenses n ibabawas na sabi nio salamat po sana masagot
Ang babayaran mo na tax una, annual reg fee na 500 pesos. Then percentage tax na 3% per month ng kinita mong renta pero pandemic ngayon they made it at 1% per month up to June 30, 2023 after nyan babalik na sa 3%. Quarterly ang filing and payment. Then need mag file and pay quarterly ng 1701Q, if below 250k sa loob ng isang taon wala kang babayaran na income tax pere need mag file.
Galing nio po po mag explain.. pwdi po mag ask 😅 1. Nag issue po kc ako 2307 sa company na pinag tatrabauhan ko po. Diba po 1 year may 4 na quarter. Sa 2307 wat of po around november and december na po san ko po ilalagay amount? 1st,2nd, 3rd po ung sa 2307 kasunod na po is Total. 2. 13k plus 5k allowance lang po kmi. All around na po kc ako, pero govt contribution lang po ung binabayaran namin which ako dn nag aayos .. may dapat po ba i apply sa BIR? Para pag umalis sa company may ITR po ba un? Salamat po sana mapansin nio po ako.
1. QUESTION ko sayo employed ka sa company as regular employee? 2. Tax exempt ang income mo, company should issue from 2316, no need to file with BIR if income received from one employer only for the year.
Hello po ma'am 😊 tanong ko lng po sana magkano po Ang penalty q.. kasi may binabayan po pla ako sa Renta ngayun nag start po ako nung April 21 ngayun pasok po ako sa monthly pay na 0619.. nasa magkano po sa sagot.. salamat 😊
Do you mean expanded withholding tax? Ikaw ang nag babawas para sa rental expense, then for remittance mo sa BIR, tama ba? for late filing meron kang additional na babayarang penalty: Surcharge 25% of tax due and Interest of 20% per annum from the time of due date to date of late payment plus compromise fee ranging from 1K to 5K depende sa amount ng tax due.
Assuming taxable lahat ang 35K x 12 months=420,000 less 250,000.00 x 20%= 34,000 ang annual tax due based on the graduated rate published by the BIR under the train law. Please check the rates kasi magbabago na ito by the year 2022 if I'm not mistaken.
@@pinoywanderers8479 annual tax yan. if that was withheld from your salary then zero tax due ka na sa last payroll of Dec. Wala ng refund kasi exact na ang nabawas sayo. If business ang income na sinabi mo at hindi ka nagbabayad quarterly, yan ang babayaran sa BIR sa April 15.
Good day, Madam! Sa payslip ko po ang total witholding tax is more than 60k na po. Hindi ko po yun makukuha ng buo during tax income return, tama po ba? Salamat po
Ang employer mo ay mag cocompute at the end of the year ng total income mo at katumbas na tax for the whole year. If sobra ang na withhold sa iyo, meron kang refund, if kulang babawasan ka pa.
Depende sa value. More than 10k taxable na. If ipapasok nila sa bonus or 13thmonth category not exceeding 90k -non taxble. Depende sa company kung pano nila ipapasok sa libro.
Usually employed individual na refundable ay ibabalik ng employer sa sweldo at year end or bago mag January ng susunod na taon. If mas malaki ang tax na nabawas ng employer versus tax due may refund ka.
Thank u for subscribing. If meron kang inuupahan na pwesto halimbawa nasa isang business place mas mabuting magpa register ka na. Compute if sa isang taon makakabenta ka ng higit sa 250k, your income will be taxable. Pero kung maliit pa naman kita mo, later ka na mag register.
Hello po! I came across your video po in hopes of finding an explanation regarding something. I understand po na exempted if minimum wage earner but I was wondering po if what happens kung merong base pay at bonus? Kasi po if base pay lang ang babasehan, less than 250k po talaga but if merong bonus included, it would be more than 250k. Will this be taxable po? Salamat po if masagot po. This is confusing po kasi.
@@ManayLIZAAdventures1961 thank you po for answering! 😊 I have a few more questions po pala if it’s okay~ 1. yung kaltas po ng gov benefits, pagbabasehan lang po ba yung base pay that month (like yung bracket kung how much ireremit)? and 2. the 250k you mentioned po na if mag exceed, that’s already the base pay + bonus? Thank you po and more power sa channel niyo! 🙏
@@bwiiikoo 1. Yes, net of absences without pay. 2. total taxable income ang basis, if let say umabot ng 350K all in all, look for the graduated rates applicable.
Hello po! May tanong po ako, kapag po ba gross receipts are subject to withholding taxes amounting of 5.00% per quarter, pwede ko na po ba i-total lahat saka ibawas sa income tax due? or dapat po per quarter?
Hi maam... Nag start po ako sa company march2021 tapos every month malaki po ang deducted tax ko... Nung nag december po 1,200 lang ang tax refund ko po... Dati po kasi kpag hindi nabuo ang 1year sa company... pag kaka alam ko po ibabalik lahat ng na deduct sayong tax... Kaya po nagulat ako kc 1,200 lang ang nakuha ko.... Mali po ba ako sa belief kong kpag hindi nabuo ang 1yr ibabalik lahat dpat sakin lahat ng tax ko? Thanks po
Total income mo for the year ay may katumbas na total tax due. Kung magkano ang total tax due vs tax withheld for the year yun ang basis kung magkano refund mo or for deduction. Kindly watch my vlog on how to compute salary and tax due para makita mo kung paano i compute. Ty
For the year 2023 onwards, please follow the new tax table computation which is much lesser rate than the year 2022. Thank you for watching.
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Hello po ma'am full support thanks for idea and sharing Ang laking tulong po
Ang linaw nyo po mag explain :) Will be watching more of your videos maam. Thank you for sharing your knowledge po!
Salamat.
Thank you po sa explanation
good day mdam.halimbawa po president sa sarili mo company at gasahod k rin sa company panu compute
If the company is a corporation and President ka, same computation as I have presented, executive payroll ka. Pero if meron ka business as sole proprietor walang salary computation. Annual and quarterly filing of income tax ang application mo. I hope na gets mo. Ty
Hi maam. I happy to watched such informative content like this in taxation. To clarify lang po maam, regarding sa pagkuha ng tax due po, for example po 350K yung taxable income e-less po ba yung 250K tax exempt before ka mag compute ng corresponding dun sa bracket tama po ba?
Hello, sa question mo na 350K taxable income, YES , based sa tax table na bracket 250k to 400k, the computation is 15% of excess of 250K. so in your question ang computation is 100k x 15%=15,000 tax due. BTW beginning 2023 mas pinababa ang tax rates. Pero pag lampas ng 400k to 800k sundin lang ang tax table, hindi na mag babawas ng 250K. As per tax table ang susundin.
Salamat po maam@@ManayLIZAAdventures1961
Maam yung 20k tac due yan na po ikakaltas for the whole year? Meaning idivide yung 20 k sa 12 months tapos yung amount yan po yung ibawas monthly? New follower here
Thanks for subscribing. Yes estimated computation for the whole year para malaman mo rough figures ng tax due mo. Pero if you want the exact amount for this year, just go to BIR website, meron silang tax calculator for simple Tax computation. hope naka help itong reply ko.
Gets ko na salamat
Hi Manay Liza, Very well explained. I’m your new subscriber. The good things abt u is that u reply all the querries of your subsbribers. May questions lng po ako. Last june 2022 lng po business ko.
1. I have contract of services employees, salary is P250k. No tax to be paid sila. Need po b nila mag submit ng ITRQ?
2. For 2316 ang issue ko s kanila at the end of dec 2022. Nagsubmit n rin sila sa registered rdo nila ng 1901, nagbayad daw po sila ng P500 for updating. Ako po b mag file ng ITR nila or sila na?
3. Job order/contract of service for project based work same lng b ang treatment pag dating s filing.
Thank u very much
Hi thank u. Will answer your queries via vlog to explain further.
Thank you Manay
Hello po! I just want to clarify something. 90,000 worth of incentives (in a year) is not considered as taxable income, right? If it exceeds 90,000, let's say 146,000 in total, does that mean 56k is added to your taxable income? Thank you po
Yes, the excess of 90K will be taxable
Hi po thank you po sa malinaw na explanation. Ask ko lang po kung need din po ba ideduct ng income tax ang freelancer agent sa commission niya. If oo ilang percent po? Thank you po.
Hello salamat sa pag subscribe. Yes the company that you had rendered service will withhold usually a 2%, or 5%, or 15% na applicable sa profession mo. Then dapat mabibigyan ka nila ng form 2307 as your tax credit when you file your income tax come April 15 para ibawas mo sa tax due mo if meron kang babayaran. Pag walang babayaran it will remain as tax credit until fully utilized in the succeeding years, kasi alam mo na mahirap mag file ng tax refund sa BIR. Thanks.
hi po,Maria Dela Pena is paid monthly compensation of 21,000.00(net of mandatory contribution).thnku po
taxable income ang category nya, minimum wage earner lang ang exempt. If annual income nya less than of equal to 250K, zero tax pa din for the year.
Linaw magturo, pano po kung Forex,Stock, Crypto trader same lang po ba computation at kung anong karagdagan Permit ang kailangan or License, ETC?
Pag 3 million total taxable ba kailangan may I register?
Quarterly ba pag file at bayad ng income tax?
Hello Pain apple, kahit Wala pang 3m Basta nag start up ka Ng business need mag register. Tax payments ay quarterly and annually depende sa tax types when you are done sa BIR registration. Nakikita mo yun sa COR na ibibigay Ng BIR. If about sa forex stock etc, baka need mo Ng permit din from BSP. Banko Sentral Ng Pilipinas.
@@ManayLIZAAdventures1961 very helpful thank you so much
Mom pwede po ba ipaliwanag po
ninyo ang multiplication kung additional o substraction, division
o multiplication.para po malinaw
iyon lang po salamat po.
Less means subtract, times means multiply. Ma re compute mo naman to check the calculation.
Hello po, if may nakalagay na withhelding tax sa problem, should i add it po ba sa salary or subtract po?
huhu sana masagot po, thank you!
Withholding tax is a deduction from salary. Pls watch my other video on How to compute salary and tax comp.
good am..ma'am..may problema Po Kasi Ako ..sa paniningil sa akin.ng tax sa harvester reaper...Tama ba Yung 10 present...
@@SusanEspiritu-k6g ano po ba ang negosyo nyo, expanded withholding tax po ang kaltas sa inyo if hindi kayo empleyado.
@ManayLIZAAdventures1961 combine harvester Po ma'am..ehhh...may Isa Akong harvester...kada craping Po..sinisingil Ako Ng treasure Dito sa barangay.ng Isang kaban..sa Isang Daan kaban na na reaper .. Tama poba yon .
ang mandatory deduction na SSS, Philhealth and Pag-ibig ay employer and employee cont po ba na dinededuct from the employee? o yung employer lang.
For income tax comp Ng employees, employee shares can be deducted from gross taxable income.
mam kung hindibka impleyado may bussenes ka single fropritor anu ba tamang computation ng quarterly tax ilang tax ba ang dapat Kong bayaran
On quarterly filing, marami kang choices na pwedeng piliin sa form 1701Q. Pag sa first quarter ang napili mo halimbawa ay itemized deduction, applicable na yun for the whole year. Pag nag sobra ka na sa net income na 250,000 (after mabawas ang mga expenses relatated sa business) mag babayad ka na ng tax. Refer mo sa tax table.
Hingi po ako ng malinaw na palinag noong pumasok yang TRAIN LAW. bakit nagbabayad ng 500 pesos every year ang sumasahod ng 7,000pesos (sa government po kami)? Bakit hindi kami exempted?
Ano po yung 500 na binabayad nyo? Exempted dapat kayo sa withholding tax kasi wala pa sa minimum ang sahod nyo. If govt employee meron kayong deduction like GSIS in lieu of SSS, philhealth and Pag ibig contribution. Sa payslip nyo makikita dapat breakdown.
Ito paden po ba yung law ng taxation hanggang ngayon?
Yes. For 2023 income, mag iiba na Ang tax rates.
Paano po ifile yung 2316 at 2307 withholding tax
If you are an employee, with one employer for the taxable year say 2022, ang 2316 ay no need to file, after ma sign ng employer, just keep your copy. If you are employed and at the same time meron business, need ka mag file ng annual income tax return using form 1701 or 1701A which ever is applicable to you then magagamit mo ang 2316 and 2307 as creditable tax withheld para ma offset sa tax due mo or refund to carry over next taxable period.
Maam sa water station ano po ang cost of sales dun
Ang pwedeng cost of sales ay: water bill, rental, bottles and any materials to purify the water.
MAY I ASK IF THE EMPLOYEE HAS 25K INCOME FROM THE THEIR PURELY INCOME IN THEIR SALARY, THE QUESTION IS, IS IT TAXABLE?
YES, it is taxable. remember only MWE is exempt from tax.
ma'am ung besic sa Isang buwan 25,000 tapos may OT omabot Ng 29,000 sa Isang kinsinas.bakit Ang tax ko sa Isang buwan 5,000 mahigit Tama ba yan
Yes tama naman. Google search mo ang graduated tax table per payperiod para ma compare mo ang computation.
Hi po ma'am same lang po ba yong Tax Due at Tax Payable?
Tax due - total tax na dapat bayaran. Yes same lang as tax payable if lahat yan Wala pang partial payment of tax. If Meron withholding net difference na lang Ang tax payable.
Hello po maam. Kamusta po? Paano po if 20000 income per month plus incentives and spiffs po. How much should I get for my ITR? First timer po ko makaka kuha ng tax return. Thank you po.
Depende sa total amount of income mo for the year kung magkano income tax due mo. If 250K all in na , no tax yet, if greater than 250K refer to the graduated tax table and sum up all taxes withheld from you. The net amount is the balance to be paid.
pano po pag lampas 400k yung NTI mo san nyo po iminus yung NTI?
I assume annual ang 400K amount-nasa bracket na ng 400K-800K tax table. NTI yan na ang basis kung magkano tax due.
Hello po, saan po nagbebase ang pagbabawas Ng SSS,phic at pag ibig para naka arrive SA taxable income?gross compensation po ba ?na kasama ang overtime allowance at absence or SA basic pay na deducted Lang ang absent?
Ang basehan ng SSS/PH/PI contribution ay total gross income, meaning net of absences plus OT. Madaling gawin ng employer lalo na kapag meron silang computerized payroll system dahil maraming employees.
Hi..po good morning..Tama po ba every sahod q ko po kinsenas at katapusan kaltas ng tax..
yes tama po, if that is the practice of your employer and para din hindi mabigat sa employee kung once lang per month mag deduct.
good day po...computation po ba is montly gross income, or yearly po? for self employed
For self-employed registered with the BIR, - filing must be quarterly using form 1701Q and annually using form 1701 or 1701A.
Hello po ma'am ask ko lng po may mga type poba ng business na hindi pinapatawan ng vat ni bir?
Meron company na walang VAT ang price if registered sila as Non-Vat taxpayer dahil hindi aabot ng 3M ang kanilang bentang products or services.
pano po kung wala ka naman TIN pero natatax ka may ITR po na yon?
For tax compliance ng employer mo iyun, that is correct to withhold. It is your responsibility as taxpayer to get your TIN from the BIR kung saan malapit ka nag work or place of business.
Dapat meron ka rin ITR, for substituted filing 2316 will suffice. If self employed 1701 form.
Hello po. pano po pag full business income earner with less than 250k yung anuual income. May babayaran pa po ba?
Less than 250k walang babayaran na income tax pero need mo pa Rin mag file using the ebirform platform Ng BIR.
Yearly na po bah Yan? Per year binabayaran ang ITR?
Yes annual and quarterly filing and payment for purely business and mixed income earners meaning employed ka na Meron ka pang negosyo, for employed individual annual filing and payment.
Paano pag empleyado ka po. Ilang percent po.
Depende sa salary mo, 20% and lowest rate. Paki check my other vlog about How to compute tax and salary. thanks.
I just want to ask po, what if sinabi sa problem na inclusive yung 13th month pay and other benefits? Should I less it to the gross income or should I add it?
Di ko po kasi masyado nagets yung pagkakaturo ng prof namin eh. Salamat po
Non taxable ang 13thmo plus other benefits up to 90k. So you have to deduct from gross income to arrive at net taxable income.
Good afternoon Ma'am. May itatanong lang ako ukol sa form 2316.
Kung ang gross income ko ay 892,000 binawasan ito ng mga phil health cont, sss, pag-ibig, demimiss at 13th month pay a total of 148000.
May ibabawas pa ba na 250,000 mula sa train law? At ang magiging difference ay babasehan sa pagcompute base sa tax table ng train law?
Tama ba na ang ibabawas ko sa 892,000 ay 398,000 at ang maging taxable income ko ay 494,000 at ito ang susundin kung bracket para sa tax withheld na computation?
Tama ba na ang tax due ko ay 53,250 dahil nabelong ako sa 400,000-800,000 na taxable income?
Pls help me to clarify things.
NO. Kung ano ang taxable income na lumabas sa 2316 mo, check the annual tax table kung saan bracket papasok ang computation ng tax due. No need to less the 250K. In your example above 744K ang taxable income so nasa row ng Above 400K to 800K annual income= 30K tax due plus 25% of excess over 400K.
Mam idol, bakit po sa company namin, may tax kami. Kahit minimum wage lang sahod namin. (537) per day.. kasi daw po may overtime ka... kaya sa loob ng isang taon, umaabot ng sahod ng ng 300k to 400k.. dahit sa overtime at holiday pay.... dba dapat wala ka mi tax mam?
Hello farmboy, if no other income received like commissions, and incentives, exempt ang MWE kahit meron OT rendered. Extract mo ruling ng BIR about tax on MWE. Ipaglaban mo yan. Sayang tax na ibabawas sa salary mo.
Paano po ba yong 1701 na optional 40/percent
Kapag ginamit mo ang 40% OSD, mag start yun pag file mo ng 1701Q- first quarter onwards. Hindi mo na pwede palitan yang option na yan for the year up to annual filing. Mag auto compute yan sa form ng ebirform platform ng BIR. 40% of GRoss profit ang pwede mong ma claim as Expense deduction. Ang advantage lang nito, no need to submit financial statement sa April 15 annual filing. Qualified ka if up to 3M ang Sales revenue mo.
Correction on OSD 40% of gross revenue
Hi, Just want to ask.. we opted for graduated income tax since mababa lang kami magpatubo like 8-10%, non VAT po kmi kc rice retailer po and way below 3M ang puhunan, do we have to file and pay OPT still?
We opted for graduated kc yung gross sales namin exceeding tlaga ng 250,000 pero konti lang patubo nga namin dun....tpos nag itemized deduction kmi..kc di namin kaya ung 40% deduction lang.
Wala po kasing nakalagay sa COR, kaya I'm hoping na tama po na hindi na kami nagfifile nun..
1701/1701A, 1701Q lang po nkalagay
Dapat Meron pa kayong percentage tax na babayaran, qtrly din 2551Q. Double check mo sa RDO mo baka naka open case Ang mga Hindi mo na comply to file and pay. Para Sure ka Kasi mahal interest and penalty
Hi mam, if gross compensation income 240,000 in 2019 how much the income tax?
No tax due for that amount. Exempt dapat, remember taxable income of 250K is = zero tax.
Hello po ma'am how po magcompute ng individual tax payer, nahahati kase ung sa 3 column 1. indibid tax payer 2. National internal revenue code of 1997(before the train law) 3. R.A no. 10963 tax reform acceleration & reform? thank you in advance po ma'a.
Sa ngayon ang basehan ng pag compute ng individual income tax ay ang TRAIN law. Maraming nabago lalo na sa exemptions and threshold ng income.
Hello mam paano ung business ko sari sari store sya with smart Padala and I'm very sure less than 250k ang income ko tax free nanba sya pwde ba ako nakuha ng ITR at business permit
Kahit less than 250k ang kita pwede mag register for business permit then BIR register ka na rin para makapag file ka ng ITR na need ng banko lalo na kung gusto mo mag loan pang dagdag capital.
Hello maam, we have two choices po ba on paying tax. Kung quarterly po ba or annually. Pwedi po ba tayo pipili po? Kung annual or quarterly po. Or both need eh apply po. Thank you
Hi Popsie, if you are self-employed with business registered with the BIR, naka indicate sa COR -certificate of registration mo ang mga required compliance to file sa BIR. Need ka mag file ng quarterly using 1701Q and annually using 1701 or 1701A. Ang option mo lang doon kung itemized deduction, OSD for expenses. Download ka sa BIR website ng eBirForms na application para ma try mo at makita ang pag compute ng tax due. Salamat.
Hello po.. Ask ko lang po kung kailangan pa ng Accountant sa pag file nyan sa BIR or pwedeng ako lang as self employed? . Thank you.
For self employed, must register with the BIR, then assess ang sales or income. If more than 3M gross revenue, need ng CPA certification and preparation of audited Financial statements. If less than 3M ang income, no need for a CPA certification, just file with BIR using the system ebirform version na pwede mong ma download from BIR website.
Thank you po sa sagot.. Nagpa rehistro po ako last month (April) sa BIR as Sole proprietor po, iba po ba yun sa self employed? at yung form po 1701A din po ba?
@@brivheltv Yes tama sole proprietor -seller of goods or services, self employed ang tawag kasi ikaw ang business owner. Employed or employee = namamasukan ka sa ibang companies. 1701A ang form -need to file annually sa kita mo ng buong taon 2022. next year ang deadline April 15, 2023. Pero need mo mag file ng 1701Q every quarter, April ka nag register so ang kita mo nang April to June dapat ifile mo sa July 15 and so on for July to Sept. ang Oct-Dec kasama na sa annual filing 1701A, total na ng lahat ng quarters. If you want to avail my services to file your taxes due, just DM me at my fb account. Liza Blazado Patano. Ty
Hello po ma'am.ang WIT po galing kay client ko.ba is annually sya pinafile or binabawas..nagpafile po aq quarterly ng income tax
I aapply mo sa incone tax filing quarterly ang ewt 2307 na galing sa client mo
if non vat registered po then tax type po is income tax (annual) , percentage tax ( quarterly) then less than 250,000 po, may babayaran pa po ba?
if wala po babayaran need pa po ba na magpasa ng form quarterly at annually? salmat po pasensya na po medyo naguguluhan pa po
If less than 250K Ang net taxable income, walang babayaran sa 1701q quarterly and 1701 annul, pero dapat in time filing using ebirforms latest version. Ang need bayaran ay percentage tax 2551Q every quarter. Sa Ngayon 1% of sales. Pero next year Jul 2023 babalik na sa 3% na usual rate.
thank you po, bakit po kaya pag nilalagay ung tin no. undefined sa ebf?
@@glenxgarcia6324 same ba ng TIN ng COR 2303 ang ine encode mo sa ebirform? Make sure tama ang mga info details upon first time fill up sa ebirform. If meron pa problem balik ka sa RDO kung saan ka nag register and ask for assistance.
Good morning po gusto ko po sana mag pa turo kung papaano ee calculate ung ITR ko po. im self employed sa isang company na walang business at may binigay naman na formula si company kaso po hindi ko po alam kung papaano ko po ma compute kung may babalik pa ba sa akin as tax refund po. sana po mapansin :(
Meron akong vlog on how to compute salary and tax due, paki watch andun ang sagot sa tanong mo. Ty
Hi mam, self employed individual with bus. Vat reg. Pano po ang computation All Gross income Kasama po ba sa deduction ang Non Vat Purchases ko? My recibo po pero Non Vat po recibo? But i did not include it sa Vat relief. Thanks for asap reply
Yes kasama sa deductions ang mga non vat receipts. Include mo sa VAT form/relief as purchases not qualified for input tax. sa exceluploader nasa exempt column sya.
pano po nacompute yung 20%😭
Depende sa net taxable income na result and then refer to the graduated tax table kung saan applicable na percentage Ang dapat gamitin
Paano po ang 19.221 makano po tax nyan mam
19,221 ba? No tax dapat. Kasi for 12 months less than 250k yan.
May tanong po ako, may pinagkaiba po ba sa pag-compute ang rank-and-file employee at managerial level employee in terms of determining the total income tax due? Paano po kaya yung sa rank-and-file?
Same computation whether rank and file or managers. Alamin mo kung ano-anu ang taxable at non-taxable income as indicated sa 2316 form. Sa tax rate na mag iiba. sympre pag mas malaki ang taxable income mas malaki ang tax due na babayaran.
@@ManayLIZAAdventures1961 Thank you so much po! Ang laking tulong niyo po, God bless you po!
Hai ma'am How poh mag solve ng inclusion and exclusion??
For income inclusions: income from business such as sales or service rendered, for expenses: all expenses related to business. Personal expenses are excluded.
Pag employed po pano po computation? Kasama po ba ung allowance and over time?
Yes kasama. OT taxable, allowance non taxable pero depende sa policy ng company. Asked mo acctng nyo if part of diminimis benefit ang allowance. If so non taxable.
Thanks po.
I'm Crypto Trader anong category po ba ako? 🤔
If you are not employed in a company, you are categorized as self employed that needs BIR registration, it may be classified as service provider. Your income from being a crypto trader will be your gross income subject to income tax and percentage tax. If you are employed, that income will be added to your salary as your other income in computation of your taxable income. For now, wala pa kasing clear guidelines si BIR about digital income from crypto, unlike social media influencer, naglabas na sila ng ruling.
@@ManayLIZAAdventures1961 di naman ako employed kasi ako mismo may control sa pera ko sa trading. Ano po yong rate ng percentage tax at pwedi ko po ba ibawas yong electric consumption, load, internet, gadgets na bibilhin ko as part of office supplies sa mga expenses ko?
@@henryferrerjr.8490 percentage tax is 3% of your gross revenue meaning na receive mo na kita. Pag over 3M, Valut Added tax of 12% naman ang rate. Sa income tax comp. pwede ibawas expenses related sa kita mo.
@@ManayLIZAAdventures1961gross edi ang laki non 🙄🤔💰 less na po ba don yong 250k na tax exception kapag in-compute yong 12% vat?
@@henryferrerjr.8490 Ang 250K na exemption applies to income tax. VAT is a different tax.
Hello ma'am paano po pag quarterly babayaran?
Same pa rin pag compute accumulated up to anong quarter ang pina file mo. Less payments or meron withholding tax from previous quarter if any tax is due thereon. This is for business income tax.
May paupahan po akong pinapagawa mga pitong pinto studio type 3500 hnggang 4000 ang upa magkanu po magiging tax ko kng mag apply ako saka anu po yung mga expenses n ibabawas na sabi nio salamat po sana masagot
Ang babayaran mo na tax una, annual reg fee na 500 pesos. Then percentage tax na 3% per month ng kinita mong renta pero pandemic ngayon they made it at 1% per month up to June 30, 2023 after nyan babalik na sa 3%. Quarterly ang filing and payment. Then need mag file and pay quarterly ng 1701Q, if below 250k sa loob ng isang taon wala kang babayaran na income tax pere need mag file.
@@ManayLIZAAdventures1961 hindi po ba exempt sa 3% kasi monthly rent did not exceed 15k? Thank you po.
@@chelseafontanilla3411 Hi walang exempt sa percentage tax. Iyan ay buwis about revenue or kinita. Iba rin ang income tax.
Galing nio po po mag explain.. pwdi po mag ask 😅
1. Nag issue po kc ako 2307 sa company na pinag tatrabauhan ko po. Diba po 1 year may 4 na quarter. Sa 2307 wat of po around november and december na po san ko po ilalagay amount? 1st,2nd, 3rd po ung sa 2307 kasunod na po is Total.
2. 13k plus 5k allowance lang po kmi. All around na po kc ako, pero govt contribution lang po ung binabayaran namin which ako dn nag aayos .. may dapat po ba i apply sa BIR? Para pag umalis sa company may ITR po ba un? Salamat po sana mapansin nio po ako.
1. QUESTION ko sayo employed ka sa company as regular employee? 2. Tax exempt ang income mo, company should issue from 2316, no need to file with BIR if income received from one employer only for the year.
Hello po ma'am 😊 tanong ko lng po sana magkano po Ang penalty q.. kasi may binabayan po pla ako sa Renta ngayun nag start po ako nung April 21 ngayun pasok po ako sa monthly pay na 0619.. nasa magkano po sa sagot.. salamat 😊
Do you mean expanded withholding tax? Ikaw ang nag babawas para sa rental expense, then for remittance mo sa BIR, tama ba? for late filing meron kang additional na babayarang penalty: Surcharge 25% of tax due and Interest of 20% per annum from the time of due date to date of late payment plus compromise fee ranging from 1K to 5K depende sa amount ng tax due.
Hello madam kasama po ba ang De Minimis Benefits sa tax computation?
Tax free ang diminis as long as it is included in the list per ruling.
Thank you po!! God bless po 💕
Hello po ma'am sa BIR form 2316 po with monthly salary of 35000 fixed na po no other deduction pano po yun icompute?
Assuming taxable lahat ang 35K x 12 months=420,000 less 250,000.00 x 20%= 34,000 ang annual tax due based on the graduated rate published by the BIR under the train law. Please check the rates kasi magbabago na ito by the year 2022 if I'm not mistaken.
@@ManayLIZAAdventures1961 yung 34,000 po is the tax? not the Return?
@@pinoywanderers8479 annual tax yan. if that was withheld from your salary then zero tax due ka na sa last payroll of Dec. Wala ng refund kasi exact na ang nabawas sayo. If business ang income na sinabi mo at hindi ka nagbabayad quarterly, yan ang babayaran sa BIR sa April 15.
Good day, Madam!
Sa payslip ko po ang total witholding tax is more than 60k na po. Hindi ko po yun makukuha ng buo during tax income return, tama po ba? Salamat po
Ang employer mo ay mag cocompute at the end of the year ng total income mo at katumbas na tax for the whole year. If sobra ang na withhold sa iyo, meron kang refund, if kulang babawasan ka pa.
Hi po ma'am, ask ko lang po kapag ba reward or incentives na binibigay ng company kasama po ba sa tax?
Depende sa value. More than 10k taxable na. If ipapasok nila sa bonus or 13thmonth category not exceeding 90k -non taxble. Depende sa company kung pano nila ipapasok sa libro.
Hi ma'am just wanna ask po if ano icompute ang income tax due (refundable)
Usually employed individual na refundable ay ibabalik ng employer sa sweldo at year end or bago mag January ng susunod na taon. If mas malaki ang tax na nabawas ng employer versus tax due may refund ka.
Mam good morning po isa po aq nagbibusiness ng ukay ukay nag start pa lng po aq starting capital ko po 20,000 liable na po ba aq mag apply sa BIR?
Thank u for subscribing. If meron kang inuupahan na pwesto halimbawa nasa isang business place mas mabuting magpa register ka na. Compute if sa isang taon makakabenta ka ng higit sa 250k, your income will be taxable. Pero kung maliit pa naman kita mo, later ka na mag register.
Gross income po yearly n po?
Yes annual gross ang example na explain ko sa vlog
Hello po! I came across your video po in hopes of finding an explanation regarding something. I understand po na exempted if minimum wage earner but I was wondering po if what happens kung merong base pay at bonus? Kasi po if base pay lang ang babasehan, less than 250k po talaga but if merong bonus included, it would be more than 250k. Will this be taxable po? Salamat po if masagot po. This is confusing po kasi.
Bonus exempted is up to 90k only. If it exceeds it will be added to your the portion of taxable income. If hindi nag exceed ng 250k. Exemp pa rin.
@@ManayLIZAAdventures1961 thank you po for answering! 😊 I have a few more questions po pala if it’s okay~ 1. yung kaltas po ng gov benefits, pagbabasehan lang po ba yung base pay that month (like yung bracket kung how much ireremit)? and 2. the 250k you mentioned po na if mag exceed, that’s already the base pay + bonus?
Thank you po and more power sa channel niyo! 🙏
@@bwiiikoo 1. Yes, net of absences without pay. 2. total taxable income ang basis, if let say umabot ng 350K all in all, look for the graduated rates applicable.
Hello po! May tanong po ako, kapag po ba gross receipts are subject to withholding taxes amounting of 5.00% per quarter, pwede ko na po ba i-total lahat saka ibawas sa income tax due? or dapat po per quarter?
Per quarter application provided nakuha mo na ang form 2307 from clients.
@@ManayLIZAAdventures1961 Maraming salamat po! 💖
Hi maam... Nag start po ako sa company march2021 tapos every month malaki po ang deducted tax ko... Nung nag december po 1,200 lang ang tax refund ko po...
Dati po kasi kpag hindi nabuo ang 1year sa company... pag kaka alam ko po ibabalik lahat ng na deduct sayong tax... Kaya po nagulat ako kc 1,200 lang ang nakuha ko.... Mali po ba ako sa belief kong kpag hindi nabuo ang 1yr ibabalik lahat dpat sakin lahat ng tax ko? Thanks po
Total income mo for the year ay may katumbas na total tax due. Kung magkano ang total tax due vs tax withheld for the year yun ang basis kung magkano refund mo or for deduction. Kindly watch my vlog on how to compute salary and tax due para makita mo kung paano i compute. Ty
ruclips.net/video/hFRsO41zDVs/видео.html
Hello po mam
Hello sissy
Maam bka po my cp number kayo bka po pwd tawagan. Salamat po.
Now ko lang napansin ang comment mo. You can look up to my FB messenger account Liza Blazado Patano, doon ka na lang mag PM.
pano po kung wala ka naman TIN pero natatax ka may ITR po na yon?
Meron din dapat. Mag iissue si employer sayo ng form 2316.