Business Tips Philippines: Business Owners and Entrepreneurs’ Guide

Withholding Tax on Compensation in the Philippines

February 19, 2011 Vic 13 Comments

Tax is the bread and butter of our nation. That is why our government, legislators and the Bureau of Internal Revenue (BIR), strive to improve our tax system for better internal revenue collection. Withholding taxes, such as withholding tax on compensation, expanded withholding … [Read more...]

Management Blog in the Philippines

February 18, 2011 Vic Leave a Comment

Management blog from the Philippines, this is what our blog will also become as it goes through. Management is one of the major components of business development. That is why it is important that we also tackle significant topics about management, such as business management, … [Read more...]

How to Compute VAT Payable in the Philippines

February 16, 2011 Vic

How to compute Value Added Tax (VAT) payable in the Philippines? Any person or entity who is engaged in trade, business or in the practice of profession may be liable to business taxes. Business taxes can be either a Percentage tax or a Value Added Tax. Furthermore, a taxpayer … [Read more...]

How to Compute Percentage Tax Payable (BIR Philippines)

February 16, 2011 Vic

How to compute Percentage Tax payable in the Philippines? How to prepare and file your percentage tax return with the Bureau of Internal Revenue (BIR) or with an Authorized Agent Bank (AAB)? The following are steps and guidelines in the preparation and computation of percentage … [Read more...]

How to Compute Overtime Pay in the Philippines

February 15, 2011 Vic

How to compute overtime pay in the Philippines? Justice and equality must be served in the workplace. That is why our Labor Code has fixed the maximum hours and days of work, which is equivalent to a maximum of eight (8) hours a day (Article 83, Labor Code of the Philippines) for … [Read more...]

How to Compute Separation Pay (Philippines Labor Code)

February 15, 2011 Vic

How to compute separation pay in the Philippines according to the Labor Code? Separation, especially when employer-employee relationships are already well-established within the workplace, is one happening that can be heartbreaking. But as the old saying says, “the only permanent … [Read more...]