Question: Tax was already deducted in my income, what is Percentage tax? How come I still need to pay this monthly? Percentage tax – is a tax imposed for those who sell or lease good, properties or services, including those practicing medical profession with gross annual sales and receipts of less than P1,919,500 in…
Tag Archives: bir and doctors
Part 4: Penalties for late filing of Income Tax Return for Doctors FILIPINO DOCTORS AND TAXATION
It’s now April, summer vacation and tax time! To my fellow doctors, please don’t forget to file for Income Tax Return on or before April 15 to prevent penalties. There are three kinds of charges or penalties in the late filing of Income Tax Returns, namely: Surcharge Interest Compromise Case #1: This is a case…
FILIPINO DOCTORS AND TAXATION Part 2: How to Issue Receipts: Guidelines for Moonlighters/Starting Private Practice
Due to insisted public demand, I will be speeding up my post in this series. I am overwhelmed by emails and private messages. So, hang on colleagues! If you are a moonlighter or starting a private practice, it only means, you have step-out of your shelter (medical school and training), you could be a fresh…
