I hope everyone did their obligation already to our country..filling and paying the Income Tax before due date. Officially, the deadline was April 15, 2012 but this date falls on Sunday, so it was extended until April 16, 2012.
Filing after the due date, will just add your amount of payment because of penalties and surcharge imposed. And take note guys..the penalty is very high, almost half of your total payment. So its best to apply earlier to avoid rush in the office and most of all to avoid PENALTIES.
Its a bit complicated in filing the income tax but after you thoroughly study the flow of the application in the office, it turns out quite simple. They have a new form which it requires the tax payer to fill up all the necessary information and if possible not to leave blanks. The complexity started with the new form because of the changes made in filing. Though its still similar to the old one, they just revised and make it more specific.
In my case, I even pay after deduction of my tax withheld. This was due to my company's policy that only 2% to be deducted from my monthly salary and I cannot list my 3 children as my dependent because they were already listed in my partner's tax. So, this year I opted to pay by installment for I was out of budget already. Probably I will pay my 2nd payment by last week of June due to deadline for the 2nd quarter will be on July 15, 2012.
So, do your obligation guys this is our way to help our country. Do not think about corruption in the government, because for not paying your tax is a form of corruption too.
Filing after the due date, will just add your amount of payment because of penalties and surcharge imposed. And take note guys..the penalty is very high, almost half of your total payment. So its best to apply earlier to avoid rush in the office and most of all to avoid PENALTIES.
Its a bit complicated in filing the income tax but after you thoroughly study the flow of the application in the office, it turns out quite simple. They have a new form which it requires the tax payer to fill up all the necessary information and if possible not to leave blanks. The complexity started with the new form because of the changes made in filing. Though its still similar to the old one, they just revised and make it more specific.
In my case, I even pay after deduction of my tax withheld. This was due to my company's policy that only 2% to be deducted from my monthly salary and I cannot list my 3 children as my dependent because they were already listed in my partner's tax. So, this year I opted to pay by installment for I was out of budget already. Probably I will pay my 2nd payment by last week of June due to deadline for the 2nd quarter will be on July 15, 2012.
two thumbs up! for being a good example of a true Filipino citizen!
ReplyDeletehahahaha..thanks my friend!
ReplyDelete