How to compute witthholding tax from government money payments?

Government Taxation

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Sender: Hello po! Pwede po papost nito? Ano po ang basis ng computation ng government money payments (GMP) at expanded withholding tax (EWT)?

Direct na po ba sa Selling/Contract Price, or i-grossed up pa po sa 112%?

May BIR Regulation po ba kayo na mashashare? Thank you po

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2 thoughts on “How to compute witthholding tax from government money payments?

  1. pag vat ang supplier gross amount divided by 112% then multiply by 2% and 5% pag services. 1% and 5% pag goods. if nonvat gross amount multiply by 1% and 1%(percentage tax) pag goods then 2% and 1%(percebtage tax) pag services,

  2. Good afternoon po! May tanong lang po ako, ano po ang proseso kapag may tax deficit ang Isang government agency? Paano po ito masosulosyonan? Ano po ba ang reason bakit nagkakaroon po ng tax deficit? Thank you very much po sa sasagot😁🙏

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