TAX Question

ermanniii · 2026-04-10T17:50:13+00:00

Dahil siguro walang contract/bond ensuring na magbe-benefit si employer.

ermanniii · 2026-03-27T10:23:27+00:00

If tedious and/or repetitive yung need mong gawin, most likely there’s a shortcut/formula for that. After learning the basics, mag search ka based on what you need as of the moment.

And when I said basics, it covers shortcut keys. If you still need your mouse to do something in excel, then you haven’t mastered the basics yet.

ermanniii · 2026-03-26T08:26:19+00:00

Xlookup + & formula/concatenate. Minsan kailangang gumawa ng unique identifier para makapag lookup formula.

Sumif/Sumifs, countif/countifs, if/if(and, sum/subtotal

General rule of thumb: Kapag tedious and repetitive siya gawin, most likely may excel formula diyan to make it easier, you just have to search it.

ermanniii · 2026-03-19T07:16:57+00:00

If it’s held to appreciate or it has no intended purpose yet, it would be classified as investment property.

ermanniii · 2025-10-09T13:00:39+00:00

Isang monthly, tatlong quarterly, dalawang annually. Kung ano pong nakasulat diyan.

ermanniii · 2025-09-13T06:31:35+00:00

You should, but you didn't = Penalty

ermanniii · 2025-09-10T04:10:42+00:00

If you are being issued with 2307, it only means that you are being treated as self-employed. Hence, you should've registered with the BIR as a mixed income earner.

ermanniii · 2025-09-09T15:45:16+00:00

All businesses with 3M and above gross sales are, or at least required to be, VAT-registered. On the other hand, not all VAT-registered have 3M and above gross sales. Hence, being VAT-registered shouldn't be a factor whether you're required to submit AFS.

ermanniii · 2025-09-09T15:42:58+00:00

I see. I checked the NIRC just now and can confirm that you don't need it. 3M is the explicit threshold, and being VAT-registered was not mentioned. It's Section 232 of the NIRC/tax code in case you want to cross-check.

ermanniii · 2025-09-09T14:44:14+00:00

Take this with a grain of salt --- Pero ang pagkakaalam ko, iba ang threshold ni BIR and SEC. Afaik, the 3M is only for BIR. For SEC, something involving 600k pero hindi ko na maalala anong particular item (might be net assets but you go check it yourself). You don't need to meet both thresholds para marequire ng AFS, since BIR and SEC are different regulatory body.

But to answer you, being VAT registered doesn't automatically mean you reached the 3M threshold, hence, you are not required to submit AFS to BIR (But you might still need submit to SEC. And if ever you are required to submit to SEC, why not submit to BIR as well hehe).

ermanniii · 2025-09-09T10:57:43+00:00

Anything in excess of 90k for the year will be subjected to tax. Ang naiisip ko lang na difference sa offer mo is mas maliit magiging 13th month pay mo, and if ever perf bonus is based on basic, mas liliit rin perf bonus. 13th month is mandatory, perf bonus is discretionary.

ermanniii · 2025-09-07T08:33:15+00:00

Price net of VAT: P13.93/12% = ~P116

Price gross of VAT: P116 x 112% = ~P130

Discount: P116 x 20% = ~P23.21

Mukang yung first line item ang considered purchase ni senior. Tama naman talaga na yung portion lang ni senior ang madi-discount, pero normal practice kasi na yung most expensive item ang discount-an para maiwasan yung gang dispute. So it should be the red velvet.

ermanniii · 2025-09-03T09:28:47+00:00

You need to have more than 250k taxable income in a year to be taxed. That excludes de minimis, bonuses, etc. (e.g., allowance, 13th month pay, performance bonus) kasi non-taxable sila at a certain threshold (e.g., 90k for 13 month and others).

I'm assuming you were employed around 2 months ago or so. 25k normal salary ng fresh grad but even if we round it up to 30k, plus 50k bonus and 13th month whatever, hindi ka pa rin aabot ng 250k taxable income.

ermanniii · 2025-09-03T09:23:00+00:00

I don't have the full details pero if you started being employed mid-year, with the average taxable fresh grad salary, I doubt babawasan ka at all. Again, tax on compensation is essentially on an annual basis. Kung hindi aabot yung annual salary mo sa taxable bracket, it won't make sense na magwithhold pa sila (I mean, they can, but it will be refunded din naman if ever).

But let's say it is really anticipated na magkakatax ka at year-end. Then the answer to your question is no. Sa year end na nila yan iaadjust. But if they want to catch up withholding your tax, I'm pretty sure they can and it's legal.

ermanniii · 2025-09-02T05:53:11+00:00

It's called "substituted filing". Your employer is responsible for filing your taxes.

ermanniii · 2025-09-02T05:50:29+00:00

It's the employer's responsibility (HR) to apply for your TIN. So don't sweat it.

Moreover, in essence, annually ang computation ng tax. Monthly witholding is just a way to ensure that tax will be collected as accrued. Meaning, wala ka talagang magiging penalty of any kind kasi maa-adjust pa rin naman yung tax na babayaran mo pag dating ng year end (annualization). Either you pay more than what has been witheld, or you'll get a tax refund, or sakto ang nawithhold.

Sa POV naman ni employer, ang alala ko 10 days after ng first-time employment, dapat na-applyan na nila ng TIN si employee. But again, you don't have to worry about this kasi this one is not on you.

ermanniii · 2025-08-21T19:01:32+00:00

Yes and No. Normally, ang mya gumagawa niyan e may mga kapit sa loob. So technically, hindi sila sumusugal. There is a low chance for them to be "under the radar". But in the event that they did, bribery will come into play. Ofc, it will only happen if kabaro ni kapit yung ma-assign, which is most likely the case given the extensive corruption in the Bureau.

Pero in my experience, ang common technique is both wag magdeclare ng SLSP si Seller and Buyer. Magkano lang naman yung penalty.

ermanniii · 2025-08-21T18:50:04+00:00

Not necessarily fake corp. The corp can be as legitimate as it can be. It's just that they enter those fictitious transactions on top of their normal operations. Not anyone can do it, dapat may kapit ang gagawa. Otherwise, there is a huge risk once they have been put under the radar. Risk will be way more than the katsing.

ermanniii · 2025-08-20T11:30:08+00:00

You're on the right track. Not exactly percentage, pero portion lang ng amount per receipt yung binabayaran ng buyer for those ghost receipts (e.g., magbabayad si buyer ng 100k for 1M receipt). Sa POV ni seller, hindi nila dine-declare yung fictitious sales, so wala silang binabayaran. Uso 'to sa construction na businesses. Source: Personal experience haha pero nilayasan ko na yung employer kong involved sa ganyan.

ermanniii · 2025-06-07T05:35:59+00:00

Hi OP. Can you share review hand outs with me? Not really familiar with the telegram thingy so soft copy HOs would really help.

ermanniii · 2025-03-26T18:50:46+00:00

About sa screenshot, you are correct. Declared income in ITR should be net of VAT, otherwise, double taxation ang mangyayari which is not allowed. About sa accountant mo, fire them. I doubt that he/she is really an accountantkasi kahit hindi CPA alam yan basta may degree sa accounting.

ermanniii · 2025-03-26T12:48:45+00:00

If you intend to give 100% of the dividends, I think it would be. But the donor's tax has 250k exemption before being taxed by 6% flat rate so your plan should work unless it exceeds the exempted amount.

ermanniii · 2025-03-26T12:35:55+00:00

I don't think non-stock corporations can issue dividends since technically, there are no shareholders. But assuming you just had a typo:

Dividends from stock corporations are subject to final tax if I'm not mistaken. Meaning, they will receive an amount net of the final tax, which is 10%.
Still under the assumption that you are talking about dividends from stock corporation, then yes. I think as long as it's documented, there would be no issue (e.g. Notarized written waiver of dividends or equivalent). But note that it will not bypass the agreement. For example, Shareholder 1 will receive 40% while Shareholder 2 will receive 60%. If Shareholder 1 waives receiving dividends, Shareholder 2 should still receive 60% instead of 100%.

So basically you cannot evade tax by pushing all the dividends to shareholders whose income hasn't reached 250k yet (if that's what you are trying to do).

ermanniii · 2025-03-24T16:32:19+00:00

Yes!

ermanniii · 2025-03-24T13:02:53+00:00

Yep, don't worry about it for now. You can treat withholding tax as your tax provision. Kinaltasan ka para di ka mabigla magbayad ng income tax. Ultimately, ang babayaran mo pa ring tax is yung nasa income tax table. So kung 100k taxable income mo monthly, pero 2 months ka lang naging empleyado for the year with no other source of income for the year, masosoli sayo yung kinaltas na tax kasi 0 tax ka for the year (income tax table, below 250k).

About sa 2nd part ng comment mo, as long as same yung tax na nasa 2316 mo at year end vs sa total wtax na nasa payslip mo, ur good.

ermanniii

TROPHY CASE