If you’re a business owner in the Philippines, it’s important to know how to compute your taxable income. Whether you’re a VAT-registered or non-VAT registered business, you’ll need to follow specific steps to ensure compliance with the country’s tax laws. The steps below is as of...
Form 1700– Please use this form if you haveno other sources of incomeother than employment income. With this form, you’ll need to add all employment income and deduct all payroll taxes withheld by your employer(s) and pay the remaining tax due (if any).Since this is used by individual...
www.pwc.com/ph Explore opportunities How to invest in the Philippines This business guide is specially prepared for the benefit of potential and existing Philippine investors 2015 Isla Lipana & Co. This Guide was specially prepared for the benefit of potential, as well as existing, investors ...
In comparison, Singapore rewards its gold medalists nearly 20 times more than the U.S. Players who clinch their first individual gold medal for the city-state stand to receive1 million Singapore dollars ($737,000). The prize money is taxable and awardees are required to return a portion of...
Deferring income: Identify items that are properly excludable from taxable income, defer advance payments, limit income acceleration by analyzing income recognition methods. Accelerating deductions: Review the timing of expense deductions — including prepaid expenses or prepaid services or property and eval...
Online gambling winnings in Canada aren’t subject to incometaxbut may be taxable if profits are deemed a regular source of income. Canadian states Take a virtual tour of Canadian casinos by state. Each province has its unique gambling regulations, resulting in diverse online and land-based casi...
Yeah, I’m with Kitten, it isn’t the size as much as the who is making all these robots? Is there a company or an index in robots? How do we ride this wave? The other side of this is when all so many people are going to be replaced by robots and algorithms, who will have...
Because you’re judged to be generating income from within the country, it sometimes becomes a balancing act of how much of your company’s revenue is generated by you; for example, your salary could be taxed, but maybe the business isn’t taxed. A lot of different rules come into play...
00:00 Janelle: I have a week off this summer. So, I want to spend that in Costa Rica around August. And then in December, I hope to visit family in the Philippines and Thailand. So, I will be traveling there for December.
The data showed the U.S. Olympic and Paralympic Committee rewards its athletes $37,500 for every gold medal won, $22,500 for silver and $15,000 for bronze.Most of that prize money is not taxableunless athletes report gross income that exceeds $1 million. ...