Q: Hello po. GOCC po kami. How is 5% and 2% tax withheld when the payee is a VAT registered (utility) entity? Magbebase po ba kami sa net of 12% VAT or not? And in what cases dapat at hindi dapat i-net of 12% VAT ang pagwiwithhold ng tax? Salamat po. View Answers via our Facebook Page Post Views: 3,206
Q: May tanong po, ano po ang tamang computations ng CEDULA o Residence Certificate na yearly na kinukuha natin? GROSS COMPENSATION O NET TAXABLE INCOME ang basis? At para saan ba gagamitin ang CEDULA? kasi dagdag tax na din kz yan eh..Salamat po sa tutugon❤️❤️❤️ Post Views: 3,327
Q: Good day. I just want to ask for clarification with regards to liquidated damages. Is it taxable or not? I saw SGV posted a BIR ruling that liquidated damages is not taxable for VAR, but only for income tax. I just want to clarify if this would also apply for government transactions. I hope you can help me. Thanks. Post Views: 1,510
They have to register to BIR and pay 500 annual registration as Job Order and then they will be exempt in expanded withholding tax (2%), if they did not register to BIR WT is 5% (2+3), if registered WT 3% GMP only.
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