A withholding tax is when a business holds a portion of the payment of goods and services and then remits this payment to the government in the Philippines - which helps reduce the government's burden as the tax collection responsibility is shifted to the businesses. In return, the businesses,...
5. Provide the computation of tax The basic tax due for annual registration fee is P500. You have to enter that amount. Add penalty if any. Then compute your total tax payable. How to File BIR Form 0605? Step 1: Fill out and accomplish the form completely Provide the correct information...