GoodNews: Farmers, fishermen, stores, cafeteria, tricycle drivers are tax-exempt - PilipiKnows

GoodNews: Farmers, fishermen, stores, cafeteria, tricycle drivers are tax-exempt

Tax payment is not natural in the world, but is simply artificial because of Needs.

Like the United States, Canada and Japan, the taxpayers' taxes on the countryside are higher than they are because they provide a lot of services to their peoples.

Here in the Philippines will be about 32% of the total tax paid by Filipinos. In fact, it is close to 40% income tax in America but we are far from their wealth
Economy.

The Senate is pushing for small business taxes, as well as marginal income earners.



According to Sen. Sonny Angara, chairman of the Senate committee on ways and means, is great for ordinary citizens not to lease small businesses.

In current tax regulations, marginal income earners are individuals with self-esteem that gross sales are up to P100,000 only.

Kabilang dito ang mga magsasaka at mangi­ngisda na direktang nagbebenta sa consumers, sari-sari stores, mga karinderya o turo-turo, drayber at operator ng isang unit ng tricycle.

Sa kasalukuyan, libre sa pagbabayad ng business taxes tulad ng VAT at percentage tax ang marginal income earners subalit nagbabayad pa rin sila ng income tax.

Ang malilit na negosyo naman na may P3 million assets pababa ay maaari ring hindi na pagbayarin ng income tax, alinsunod sa umiiral na Barangay Micro Business Enterprise law, subalit kailangan muna silang magparehistro sa tanggapan ng City Treasurer sa kani-kanilang lugar.

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GoodNews: Farmers, fishermen, stores, cafeteria, tricycle drivers are tax-exempt GoodNews: Farmers, fishermen, stores, cafeteria, tricycle drivers are tax-exempt Reviewed by Amyezra on 6:28 AM Rating: 5

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