BIR, taxation basics......please share info

[Duard]

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Kinsa man ninyo dire nga generous enough mo share sa ila knowledge how to do the following:

1. compute sa monthly percentage tax, unsay mga components nga iapil sa computation

2. how to compute sa income tax , kanang i file annually

- amo business is sari-sari store, unsa may mga data nga dapat isuwat sa ledger ug journal? sa maka share thanks daan

[kenshin2143]

sa ako maremember sa among discussion TS, bsta non-tax ang isa ka business, ang imo ifile lng sa BIR kay 2% sa annual gross sales nimo... but if mulampas ug 1,919,500 imong gross sales. kelangan naka magparegister under tax.

ang advantage lng man gud pud kung tax registered ka kay makaclaim kag input tax nga pwede ideduct sa imong output tax...

[Duard]

thanks sa info, ang gibutang sa akong COR kay percentage tax man ug income tax ang i file

[Duard]

up now..............

[The_Stoic]

Ako i-explain as simple as I can.

1. How to compute the percentage tax (3%).
Kung sari-sari ka, all you have to do is, i-add lang ang imong halin kada buwan, ibutang nato nakahalin ka ug P12,500 this month.

To compute:

P12,500 x 3% = P375.00 - mao ni ang percentage tax nga imo bayran, exactly 3% percent.

2. How to compute the annual income tax?

Kani, kay medyo complicated labi na kung wala kay accounting background, kay basin maglisod ka ug grasp sa mga concepts ug terminilogies like taxable income, tax due, quarterly income tax, etc. ect.

Pero in simple terms, ang pag compute gyud sa income tax is based sa imong ginansya (profit less expenses) sa imong negosyo. Once ma determine na nimo, then you need to use the schedular table (Sec. 24A of the NIRC, mao ni ang bible sa mga taga BIR). Take note, pag compute nimo, i-exclude gyud ang mga personal expenses kadto ra gyud business-related expenses.

I hope naa kay nakat-unan.

[twEATer]

Ako i-explain as simple as I can.

1. How to compute the percentage tax (3%).
Kung sari-sari ka, all you have to do is, i-add lang ang imong halin kada buwan, ibutang nato nakahalin ka ug P12,500 this month.

To compute:

P12,500 x 3% = P375.00 - mao ni ang percentage tax nga imo bayran, exactly 3% percent.

2. How to compute the annual income tax?

Kani, kay medyo complicated labi na kung wala kay accounting background, kay basin maglisod ka ug grasp sa mga concepts ug terminilogies like taxable income, tax due, quarterly income tax, etc. ect.

Pero in simple terms, ang pag compute gyud sa income tax is based sa imong ginansya (profit less expenses) sa imong negosyo. Once ma determine na nimo, then you need to use the schedular table (Sec. 24A of the NIRC, mao ni ang bible sa mga taga BIR). Take note, pag compute nimo, i-exclude gyud ang mga personal expenses kadto ra gyud business-related expenses.

I hope naa kay nakat-unan.

Boss kanang 12,500 nga sample nimu, gross monthly na or net na?

[brownie]

duha ka klase nga business in one venue, pwede ra ni mausa or ibuwag gyud ni regarding sa taxation?

[The_Stoic]

Boss kanang 12,500 nga sample nimu, gross monthly na or net na?

Gross amount boss, gross sales.

[The_Stoic]

duha ka klase nga business in one venue, pwede ra ni mausa or ibuwag gyud ni?

I assume lang nako nga ang imong pasabot, ang BIR registration ibuwag ba o dili. Previously, naay BIR regulation, particularly sa individual, nga pagpa register sa business mag-agad sa DTI Certificate. Meaning, in one venue, kung naa kay, Parlor business at the same time naa pud kay Pet shop, 2 na kabuok DTI certificates kay different lines of businesses man, so sa BIR, one will be treated as the main business (one registration) and the other one will be treated as branch (another registration). So duha ka registration, mao na sa una.

Karon, gi-revise na ni, sa bag-ong regulation, wala na gi-mention ang no. of DTI certificates, so in the example given, applying the new regulation, a business with two types of activity will be registered as one taxpayer. However, duha lang siya ka resibo kay managlahi man ug line of business.

Hope this helps.


Disclaimer: Please call your nearest BIR office for further clarification, don't take my word for it.

[brownie]

I assume lang nako nga ang imong pasabot, ang BIR registration ibuwag ba o dili. Previously, naay BIR regulation, particularly sa individual, nga pagpa register sa business mag-agad sa DTI Certificate. Meaning, in one venue, kung naa kay, Parlor business at the same time naa pud kay Pet shop, 2 na kabuok DTI certificates kay different lines of businesses man, so sa BIR, one will be treated as the main business (one registration) and the other one will be treated as branch (another registration). So duha ka registration, mao na sa una.

Karon, gi-revise na ni, sa bag-ong regulation, wala na gi-mention ang no. of DTI certificates, so in the example given, applying the new regulation, a business with two types of activity will be registered as one taxpayer. However, duha lang siya ka resibo kay managlahi man ug line of business.

Hope this helps.


Disclaimer: Please call your nearest BIR office for further clarification, don't take my word for it.

daghang salamat boss...kapoya ra bag file ani ui hehe