Why are Most Filipino Doctors not RICH? Top 5 Obstacles Keeping Filipino Doctors from Becoming Wealthy

Almost every person in the Philippines thinks ALL doctors are RICH.  But honestly speaking, doctors are the most underpaid professional, especially the ones in training. Imagine, a resident physician getting paid 12,000++ pesos per month, doing 36 hours duty every other day?   And even after residency, most doctors, especially the underprivileged ones don’t get to…

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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…

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