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...
Last Updated on: February 21, 2024 by Fehl Dungo Do you want to earn a fixed income this year? Then you should read these guides we shared here about how to invest in Retail Treasury Bonds in the Philippines, also known as RTB. Retail Treasury Bonds are one of the most attractive ...
How to compute your Annual Income Tax or ITR dues Before you begin, you’ll need to check whether you’re on the 8% Income Tax Rate or the Graduated Income Tax Rate. The easiest way to do this is to check your Certificate of Registration from the BIR. This will indicate which tax sc...
You compute the value of the penalty by multiplying the replacement cost ($500,000) with the multiplier, 0.25 (1 – 0.75). So by violating the coinsurance clause, you are not only unable to receive the full replacement cost, but you also have to pay a hefty penalty. Conclusion Coinsurance...
Even corporate expatriates are important to Chinese firms with high demand, their current growth is weak. 3.1.2 Dispatched labor Dispatched labor was the most common type under the background of China’s economic globalization. The dispatched labor is through the foreign labor cooperation company ...