Witholding Tax - Reminder sa mga my business Big or Small

[jasmine]

Yung mga may Business po dito or planning to have a business, if rental is below ten thousand monthly you are exempted from withholding the expanded tax. However, if the accumulated gross rental you paid to the same lessor exceeds more than P10, 000 within the year, you are required to withhold the 5% on the monthly rental.

Even if your rent agreement/contract did not specify who will pay for the expanded tax, you are mandated to withhold the 5% from your gross monthly rental and remit same to BIR.

The expanded tax is deducted from your rental. If your rental is 10,000, you deduct the 5% (P500). Your payment to your lessor will only be P9,500. You remit the P500.00 to the BIR.

Ito po kasi yung usual problem ng mga client ko, ang problem po dito hindi ninyo ma dedeclare as expense yung rent ninyo monthly pag d kayo nag withold, kaya wag po kayo papayag as contract na hindi kayo mag withold.

[Prime™]

Yung mga may Business po dito or planning to have a business, if rental is below ten thousand monthly you are exempted from withholding the expanded tax. However, if the accumulated gross rental you paid to the same lessor exceeds more than P10, 000 within the year, you are required to withhold the 5% on the monthly rental.

Even if your rent agreement/contract did not specify who will pay for the expanded tax, you are mandated to withhold the 5% from your gross monthly rental and remit same to BIR.

The expanded tax is deducted from your rental. If your rental is 10,000, you deduct the 5% (P500). Your payment to your lessor will only be P9,500. You remit the P500.00 to the BIR.

Ito po kasi yung usual problem ng mga client ko, ang problem po dito hindi ninyo ma dedeclare as expense yung rent ninyo monthly pag d kayo nag withold, kaya wag po kayo papayag as contract na hindi kayo mag withold.

Nice to know. Very useful specially to those starting out.

Do you work for the BIR?

Err... would you take offense if I say I really disdain Kim? Hahaha...

But again, thank you Jasmine. +1

[jasmine]

Nice to know. Very useful specially to those starting out.

Do you work for the BIR?

Err... would you take offense if I say I really disdain Kim? Hahaha...

But again, thank you Jasmine. +1

Thanks Sir Prime, I disdain Kim h too. I'm working as an auditor for private firm.

[Prime™]

Thanks Sir Prime, I disdain Kim h too. I'm working as an auditor for private firm.

I see. I can't stand her.

With that smug smile on her face while talking about how they destroy peoples lives with complete nonchalance. POS.

Noynoys attack dog.

Mico an auditor too? You guys must be pretty smart. I'm an idiot when it comes to math.

Cheated and charmed my way past the multiplication table in elementary.. haha

See you guys around.

[kis]

Salamat sa pagpapaalala. Maishare nga sa ilang kaibigan kong may small business.

[Marcus]

Nice share

[migzhizon]

Thanks

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