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: doctors taxation
Doctor’s Taxation: How to Compute your Income Tax Return (Part 5)
Dr. Angelo is a budding Internist, married, his wife is not employed or engaged in any business. They have a 3 year old daughter Cassandra. He is practicing in 3 hospitals and clinics. How would he compute his income tax? How much does he need to pay in filing his Annual ITR before the April…
Doctor’s Biggest Mistakes in Choosing a Financial Advisor
While becoming a doctor needs 86,000 hours or more of studying and training, there is an absolute total of zero hours of training in: business, taxation, financial literacy or financial issues related to the “business” of being a doctor. Doctors receive no training on how to choose or evaluate financial advisors which includes: Insurance agents,…
