There are so many taxes & departments that have to be involved in a property sale. Why? Cause they all want a share of the cash. And how much is the transfer tax on residential? Commercial? Then how much are the property taxes? The mayor of my town just raised property taxes 1...
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...
The new BIR Form 1701A was introduced since the launch of TRAIN Law. You must file this form if you are aprofessionalor purely engaged in a business subject tograduated tax ratesand if you are claiming forOptional Standard Deduction(OSD) as a mode of deduction; or if you are availing th...
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 such as tax type, RDO code and ...