Today, the chief justice of our country was convicted for culpable violation of the Philippine Constitution and betrayal of the public trust when he failed to disclose to the public his Statement of Assets, Liabilities, and Net Worth (SALN). The impeachment court, with 20 senator … [Read more...]
Top Taxpayers in the Philippines
Taxes are the lifeblood of our country. Without tax collections, our nation won’t be able to construct bridges, streets, schools, hospitals, and other infrastructures for the public consumption. Without taxes, our government agencies and offices won’t run to serve the citizens. … [Read more...]
New and Revised Income Tax Return BIR Forms
Taxpayers who are required to file their income tax returns under the Tax code, and those who are not required but opt to do so, will be filing with the new income tax returns issued by the BIR. This is for their annual income tax covering and starting calendar year 2011, which … [Read more...]
BIR (Bureau of Internal Revenue) Philippines Website Information
Tax affects everyone’s life, not only for business owners and employees, but also for anyone who is under the government. Income earned, whether from business profit or from employment compensation, is generally taxed. The commodities and services everyone consumes may also be … [Read more...]
List of Valid and Acceptable Photo Identification (IDs) in the Philippines
A valid photo identification (ID) card is needed and required whenever we do transactions, such as sending and receiving money at Western Union and other money transfer agencies, opening a savings or checking account at different banks, doing other financial transactions with … [Read more...]
What is a Sin Tax?
What is a sin tax? Sin tax, as it name suggests, is a tax levied on products or activities, which are considered sinful or harmful and considered as objects of social disapproval, such as liquor, tobacco and gambling. Sin tax or sometimes called sumptuary tax or sumptuary law is … [Read more...]
