8% OPTIONAL FLAT RATE vs. GRADUATED RATES, WHICH IS BETTER FOR Self-Employed Doctors? This is the most common question I get from doctors nowadays, even from non-doctor friends. Section 109 of the Tax Code, as amended by Section 34 of RA 10963, the new option of the TRAIN for self-employed taxpayer is the availment of…
Tag Archives: percentage tax
Filipino Doctor’s Taxation: Monthly Percentage Tax
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…
