Published by Bureau of Internal Revenue(BIR) on Aug. 24, 2022.
Requested from BIR by A. Samson at 04:38 AM on
Aug. 24, 2022.
Purpose: Personal
Date of Coverage: 08/23/2022 - 08/24/2022
Tracking no: #BIR-357571434310
R.GUBALLA
Aug. 24, 2022, 4:38 a.m.
Moreover, if gross sales/receipts and other non-operating income from business or practice of profession do not exceed the VAT, the individual has the option to be taxed at:
a. Graduated income tax rates (page 4 of BIR Form 1701) (Illustration 7.b)
b. Eight percent (8%) income tax rate based on gross sales/receipts and other non-operating income in lieu of the graduated income tax rates and percentage tax. (Illustration 7.a)
—————
Does this apply both for my full time job and part time? Thank you
Is this request offensive?
Requests for personal information and vexatious requests are not considered valid requests for Official Information.
If you believe this request is not suitable, you can report it for attention by the site administrators.
