ATC II014 vs. II017: What’s their difference?

ATC II014 vs. II017: What’s their difference?

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Sender: Hi good evening. Please enlighten me. COS employee po ako and mag ffile ng ITR. Bigla lang kasi ako na confused sa kaibahan ng II014 Income from profession-Graduated IT Rates and II017 Income from Profession 8% IT Rate.



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1 Comment on “ATC II014 vs. II017: What’s their difference?”

  1. Dapat nag file ka sa BIR para na avail mo yung 8%. Para kasi yan sa mga COS at JO na di na mag quarterly file ng business tax. Ang consideration kasi sa mga COS at JOs ay parang business owners kaya hindi compensation income ang tawag sa kita nyo. Kaya pag di ka pa naka pag avail ng 8% at beginning of the taxable year ay wag mong piliin ang option na yan.