HELP: BIR Inquiry for new (small) biz

[Pedro Penduko]

I suggest po, you get a reliable bookkeeper madam, para at least mabawasan mga penalty mo...for quarterlt income tax po na di nafile for 2 years... thats 6 returns in total...i assumed nag file ka ng year end retrun...kung walang tax payable during those quarters... you will pay 1000 penalty per return...X6= 6000 pesos...

yung sa 1601-c....bakit naman kasi nag file siya nun ei wala naman pala sa COR mo..dapat nag update muna kau ng tax registration type...nag add kau nung withholding for compensation bago siya nag file nung mga returns...

[diamondust]

@pedro: yun na nga eh. very noob ako about sa accounting and since ka kilala xa ng ate ko kaya tiwala ako.  wala sa COR ko yung 1601-c and quarterly income tax. pero nag fafile pa din sila.  ung 1601 -c ko naayos na daw eh wala ako proof ngayon. nakausap ko ung isang buwaya dun sa BIR 13,500 babayaran ko but was cut down to 7,000. pero kahit na di ko kasalanan ito. may nagpayo din na gawan ko  ng affidavit of wrong filing and not included on my COR. hays sakit sa ulo..

[jhaypatts]

Hi,

1601C - kahit po wala nakalagay na WT-Cmpensation sa tax type at nagfile po kayo, need nyo na po ituloy tuloy yan. baka naman po kasi nagfile sila dati dahil may withholding tax talaga. at dahil po natigil need nyo na po ituloy ifile buwan buwan...

Penalty will be 1k per return if corporation 200 or 500 depende po sa RDO per return if sole proprietor.

Thanks

[Bessie Colet]

Hi.  I'd like to ask for help from the experts :-)

I registered my business with the BIR back in Sept. 2008.  I was still employed then and therefore was not really able to make the business fully operational.  Out of ignorance, I did not file any returns at all from that time to the present.

Last week, I started working on my BIR Reg. renewal, and today I was told that I need to pay P13,000 in penalties from Sept. 08 to March 09  or P2,000 per month that I did not file!  This does not include April 09 to present yet.  If they charge me for April 09 to present, that would be an additional P22,000! 

Any suggestions on how I can best settle this?  I want to be an honest tax payer, but considering that my business wasn't even really operational for 2 years, the P45k would kill me.

Are compromise penalties charged per month?? not based on annual returns??

Thanks in advance for your help.

[Bessie Colet]

correction on my earlier post... If they charge me for April 09 to present (which they surely will once those months reflect as "open cases), I would have to pay P32 K. 

I would really appreciate your inputs please. 

Thanks!

[alvin laurente]

regarding your bir problems you can contact me at 0927-9093917, our company can assist you in settling bir requirements.

you can visit also www.bookkeepingandacctng.multiply.com

[cristall]

Hi everyone, I am new here and having to start a perfume business. I have just registered sa DTI. My question is, what if I will be selling online or I have no outlet/physical store for the dsitribution of my products, would I still need to register sa BIR and have my mayor's permit? Thanks for your help po.

[chinky]

Hi everyone, I am new here and having to start a perfume business. I have just registered sa DTI. My question is, what if I will be selling online or I have no outlet/physical store for the dsitribution of my products, would I still need to register sa BIR and have my mayor's permit? Thanks for your help po.

Hi! If you want to have a good start in your business, we suggest that you have to register properly in all government institutions concerned such as your municipality and the bir. Thinking from a long range, eventually there would be customers who would be asking for Offical Receipts, especially if you will have big customers willing to have you as supplier.

For this matter, we are willing to assist you in all of these requirements. You may get in touch with us through 3321995 / 4145925 / 0917-7001288.

[schatz]

hi! i have a question...

what about going straight to bir after dti, in a way skipping permit from the mayor's? can i do that with online selling (no physical store)? or is mayor's permit required to register at the bir?

thanks so much

[Eric Angeles]

Sa mga masters po natin.

question lang po

after na makaltas yung 5% na tax sa rent di po ba 1601E ang form para sa lessee

eh sa lessor ano po ang form or paano natin maidededuct pag nag file naman ng return ang lessor?

ask ko lang po kasi i have one comm space na ipinagagawa at ipaparegister ko po as leasing business

any help would be appreciated.

[urpinoycpa]

sa lessor wala na po need. hingin na lang ng lessor ung certificate of creditable withholding tax as proof of payments para magamit nya sa income tax

[urpinoycpa]

need po kasi sa bir ang mayors permit.

[apc]

hi to anyone hu have idea about my concner pls help..
 im confused then with what to pay sa bir monthly..ive just recently opened a franchise of zagu inside d mall, we fall po under non vat..how about ung witholding tax?what's that for?
tapos dba my book of acounts po wherein dun nkasulat ung daily sales mo, dpat po ba yan din yung basehan mo during renewal of busines permit wherein u will be asked about d gross sales? a lot of people i know advised me not to declare d exact sale since sa bir lang dn dw mapupunta lahat yan, tama po ba?and one more thing, ung amount ng receipt na inisyu nu un dn po ba basehan sa ilalagay sa book of acounts?
tnk u po..i realy have no idea about these things that's y i realy want to join seminars sana regarndg bir obligatins.. :)tnx!

hi everyone! pasintabi lang po kay thread starter kasi po this is another concern...anyway...

If you fall under non-vat, as i've said po in my previous posts, your monthly obligation is to pay 3% of your gross sales. Example, nakabenta ka ng 1000 in a month, then your monthly percentage tax would be 1000 multiplied by 3% and that is 30 pesos.

Yung witholding tax po, dalawa po yan. Isa para sa expanded at isa para sa compensation. If you are renting (and probably you are), witholding tax - expanded po ang tawag sa tax na reremit nyo with the bir. The law requires a lessee to withhold and remit to the Bureau of Internal Revenue (BIR) five percent (5%) of the rental due the lessor, by way of advance payment of the latter's income tax liability.

At kung may tao kayo or staff or employee (like your salesgirl, for example), witholding tax - compensation naman po ito.

Every month po ang filing natin ng mga nasabing taxes.

Makikita nyo sa bir registration certificate nyo kung anong witholding tax ang kailangan nyo bayaran.

Lahat po ng naka-issue natin na receipts ay dapat recorded sa cash receipts books. At ang pinaka-total po dito ang ating magiging total gross sales.


You might be interested with our services or in any case, you just want to inquire...

Mario Enrique A. De Los Reyes and Associates
Certified Public Accountants

We are located at Quezon City and we handle clients all over Luzon.

We have been accredited for two years now:
Philippine Institute of Certified Public Acountants (PICPA)
Board of Accountancy (BOA)
Securities and Exchange Commission (SEC)
Bureau of Internal Revenue (BIR)
Cooperative Development Authority (CDA)

***As Per BIR Ruling, a P20,000 penalty will be fined to those who transact with non-accredited CPAs.

Our service fee depends on how big (or small) your business is and the scope of work to be done to the entity.

You may reach us through 365-1937 or 0917-6243777 for all your inquiries regarding our services. Kindly please look for Mr. Ricky De Los Reyes or you may simply look for me or text me 0927-3423483.

Tanong lang, yung 3% tax sa gross sales at hinda sa gross income?  Para yatang lugi kami nun,  example ang sales is 25,000 a month yung nasa official receipt.  Pero syempre hindi naman yun income lahat kasi binili pa namin yunmga binenta namin so sa 25,000 so ang gross income ay 2,500.  Saan ukunin yung 3% sa 25,000 or sa 2,500?

[apc]

hi to anyone hu have idea about my concner pls help..
 im confused then with what to pay sa bir monthly..ive just recently opened a franchise of zagu inside d mall, we fall po under non vat..how about ung witholding tax?what's that for?
tapos dba my book of acounts po wherein dun nkasulat ung daily sales mo, dpat po ba yan din yung basehan mo during renewal of busines permit wherein u will be asked about d gross sales? a lot of people i know advised me not to declare d exact sale since sa bir lang dn dw mapupunta lahat yan, tama po ba?and one more thing, ung amount ng receipt na inisyu nu un dn po ba basehan sa ilalagay sa book of acounts?
tnk u po..i realy have no idea about these things that's y i realy want to join seminars sana regarndg bir obligatins.. :)tnx!

hi everyone! pasintabi lang po kay thread starter kasi po this is another concern...anyway...

If you fall under non-vat, as i've said po in my previous posts, your monthly obligation is to pay 3% of your gross sales. Example, nakabenta ka ng 1000 in a month, then your monthly percentage tax would be 1000 multiplied by 3% and that is 30 pesos.

Yung witholding tax po, dalawa po yan. Isa para sa expanded at isa para sa compensation. If you are renting (and probably you are), witholding tax - expanded po ang tawag sa tax na reremit nyo with the bir. The law requires a lessee to withhold and remit to the Bureau of Internal Revenue (BIR) five percent (5%) of the rental due the lessor, by way of advance payment of the latter's income tax liability.

At kung may tao kayo or staff or employee (like your salesgirl, for example), witholding tax - compensation naman po ito.

Every month po ang filing natin ng mga nasabing taxes.

Makikita nyo sa bir registration certificate nyo kung anong witholding tax ang kailangan nyo bayaran.

Lahat po ng naka-issue natin na receipts ay dapat recorded sa cash receipts books. At ang pinaka-total po dito ang ating magiging total gross sales.


You might be interested with our services or in any case, you just want to inquire...

Mario Enrique A. De Los Reyes and Associates
Certified Public Accountants

We are located at Quezon City and we handle clients all over Luzon.

We have been accredited for two years now:
Philippine Institute of Certified Public Acountants (PICPA)
Board of Accountancy (BOA)
Securities and Exchange Commission (SEC)
Bureau of Internal Revenue (BIR)
Cooperative Development Authority (CDA)

***As Per BIR Ruling, a P20,000 penalty will be fined to those who transact with non-accredited CPAs.

Our service fee depends on how big (or small) your business is and the scope of work to be done to the entity.

You may reach us through 365-1937 or 0917-6243777 for all your inquiries regarding our services. Kindly please look for Mr. Ricky De Los Reyes or you may simply look for me or text me 0927-3423483.

Yung sa expanded tax nga elangan bayaran ng m,ga nagrent ng space, paano kung yung lessor ayaw pumayag na bawasan yung rent ibibigay sa kanya, paano kung mag insist sya na buo talag ibibigay sa kanya.  Example 1,500 ang rent, ano formula pagkuha sa 5% nito na ibabawas namin sa rent payment?  Kung ayaw talaga pumayag ng lessor na bawasan, sino ang mapepenalize ng BIR? diba dapat ang lessor kasi sa kanya naman yung income hindi naman sa lessee.  Hindi kasi kami nakaka p[agfile nito kasi nga buong rent ang kinukuha ng lessor, lugi namn kami kung kami magbabayad ng tax para sa kita nya sa rent.

[apc]

Holy shoot! Ang gulo pala! :S
Medyo confused pa rin ako. And to think I already had a business registered in the past.

Right now, I don't know how to phrase my question, but here's my situation:

I have a small stall which sells ice cream. Ang pinakamahal na product ko ay worth P12 po. Yung iba, P5 na lang. Technically, hindi po ako required mag-issue ng receipt, right? Sa isang araw, ang average gross sales ko po ay P800. Kung tatanggalin ko pa yung "cost of goods sold/cost of materials," magiging P400 na lang po ang kita ko per day. So based on average gross sales per day, P24,000 ang monthly sales ko (P800x30), pero ang gross profit ko talaga ay P12,000 lang po (P400x30). Tas ibabawas ko pa dyan yung operating expense ko na nagkakahalaga ng P8,500 (rent, salary, misc). So ang matitira na lang sa 'kin per month ay P3,500.

Sa ngayon, ito lang po ang alam kong pag compute. Hindi ko po alam kung pano yung mga tax at iba pa. Ano pa po ba ang kukunin sa 'kin ng gobyerno? May ititira pa ba sila sa 'kin, kahit pambili lang ng bigas? Pwede po bang makita kung ano pang ibabawas ko? (parang case study na po yata ito)

para sa nagrequest try ko sagutin, pero gagamit ako ng assumptions based sa pagkaintindi ko sa kwento ng poster

Mga Taxes na applicable dito: Income Tax, Percentage Tax ang Expanded Withholding Tax

Income Tax:

ang Correct Net Income mo ay P2,780.00, sa isang taon magiging P33,360. Ito na rin yung Taxable Income mo. Nakuha ko ito pagkatapos ko ibawas yung Percentage Tax mo na P720 monthly sa kinuwenta mong Net Income na P3,500.00

Assume natin na single proprietorship ang form ng organization at single lang ang status mo, ganito ang comp*tation:

Taxable Income:      P33,360.00
Less: Exemption:     35,000.00 (as per RR 10-2008)
Net Taxable               (1,640.00)

Since negative na yung taxable income mo after i-menos yung exemption, wala kang babayarang Income Tax.

Percentage Tax:

Monthly Sales                             P24,000.00
Multiply by Percentage Tax Rate               3%
Percentage Tax                                 720.00 (monthly to ha! every 20th of the following month)

Bakit Percentage Tax at hindi VAT. Dahil mababa ka sa required sales which is P1.5 million para ma-qualify ka sa VAT. Itong Percentage tax ay deductions din ito sa Gross Income mo, so bababa yung Net Income mo ng P720.00 monthly o P8,640.00 yearly.

Expanded Withholding Tax:

Depende ito sa amount ng upa mo. ang Withholding Tax Rate ay 5% ng upa net of VAT. Ikakaltas mo ito sa binabayad mo sa lessor at i-reremit mo sa BIR tuwing ika-10 ng buwan. Dito sa sitwasyon na ito, umaakto ka lang na agent ng BIR dahil ang nag-shoulder ng buwis ay yung nagpapaupa. Kinaltas mo ito sa upa at ibibigay sa BIR sa tinakdang araw nito.

Yung sa percentage tax na binabayaran monthly, pagdating sa 1701 annual tax return saan item number yun ilagay para mabawas dun sa gross taxable income? kahit ba OSD ang pinili ko mababawas ko pa rin itong percentage tax sa annual return ko(1701)?