Wednesday, July 13, 2011

How to Register a Business as Professional / Self Employed

For Doctors or professions regulated by PRC
or not like bloggers, writers, actors, actress etc.
First, the BIR Form you will need is BIR Form 1901 & page 2 of this form (click this link so you can get a good look of this form). In the Part 1 portion of this form. Check the box on “PROFESSIONAL”.  As you can see this form is also used for “SINGLE PROPRIETORSHIP” ; “ESTATE” & “TRUST”. We will not go into those yet but focus on the  ”PROFESSIONAL” category.


Tuesday, June 28, 2011

Ermita gold trader, together with his CPA , “refined” with P249.5M tax evasion suit


The Bureau of Internal Revenue (BIR) today filed with the Department of Justice (DOJ) a complaint against RASHDI CAMLIA SAKALURAN (Sakaluran) for four (4) counts of willful attempt to evade or defeat tax and four (4) counts of deliberate failure to supply correct and accurate information in his Income Tax Returns (ITRs) for taxable years 2006, 2007, 2008 and 2009, in violation of Sections 254 and 255 of the Tax Code.

Zamboanga City Manufacturing Corporation “bartered” for tax evasion for using two identical sets of invoices to conceal its true income




Nestled in a place famous for its quintessential “barter trade,” a manufacturing company based in Zamboanga City may have found out that keeping and using two (2) identical sets of invoices for its sales transactions is a bane to a flourishing business when it was charged today by the Bureau of Internal Revenue (BIR) for tax evasion for substantially underdeclaring its sales for 2007 by 177.154%, in violation of Sections 254, 255, 257, 264 and 267 of the National Internal Revenue Code of 1997, as amended (Tax Code).

For willful failure to pay tax, BIR “prescribes” tax evasion case against PRO HEALTH INTERNATIONAL




“Willful failure to pay tax is dangerous to your health.”
This was the “prescription” given by the Bureau of Internal Revenue (BIR) to PRO HEALTH INTERNATIONAL, INC. (PRO HEALTH) when it filed today a criminal complaint for tax evasion against the latter at the Department of Justice for willful failure to pay tax as defined and penalized under Section 255 in relation to Sections 253 and 256 of the National Internal Revenue Code of 1997, as amended.

Wednesday, June 15, 2011

ERRATUM : (Updated) BIR Collections for May 2011 Expands by 11.5%




ERRATUM

June 16, 2011

The June 15, 2011 May 2011 Collection Performance Press Release of the BIR should have read “For the first five (5) months of CY 2011, or from January to May, taxes generated by the BIR have reached Php 391.09 billion. Surpassing last year’s collections for the same period, which amounted to Php 344.10 billion, by Php 46.99 billion for an expansion of about 13.7%.” Below is the corrected version of the said press release.
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