Tag Archives: filing of tax

All about taxes

I was wondering the difference of taxation in the Philippines from other countries. When I was working student as a Local Store marketing at Mc Donalds, I remember that I have helped a customer who is a foreigner. He was looking at the receipt and told that in Hongkong there is no tax. Now by searching online, I have learned that it is untrue. Although there is no sales tax, no capital gains tax, no VAT there is a maximum salary tax of 20% and profit tax maximum of 16%. Continue reading

Filing of tax

My cousin who just started to be a working student currently busy with her requirements. One of her requirement is the application of TIN (tax identification number). When I was a working student before, I was lucky that my employer is the one who process my TIN application together with the other newly hired employees. Continue reading

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