Classification of taxpayers and Special Concessions скачать в хорошем качестве

Classification of taxpayers and Special Concessions

𝑵𝒆𝒘 𝑻𝒂𝒙𝒑𝒂𝒚𝒆𝒓 𝒄𝒍𝒂𝒔𝒔𝒊𝒇𝒊𝒄𝒂𝒕𝒊𝒐𝒏𝒔 𝒖𝒏𝒅𝒆𝒓 𝒕𝒉𝒆 𝑬𝒂𝒔𝒆 𝒐𝒇 𝑷𝒂𝒚𝒊𝒏𝒈 𝑻𝒂𝒙𝒆𝒔 𝑳𝒂𝒘 📝 Taxpayers are now classified under four groups, depending on the level of gross sales for a taxable year: 𝟭. 𝗠𝗶𝗰𝗿𝗼 𝗧𝗮𝘅𝗽𝗮𝘆𝗲𝗿𝘀 - are those with gross sales of less than P3 million 𝟮. 𝗦𝗺𝗮𝗹𝗹 𝗧𝗮𝘅𝗽𝗮𝘆𝗲𝗿𝘀 - are those with gross sales of between P3 million and less than P20 million 𝟯. 𝗠𝗲𝗱𝗶𝘂𝗺 𝗧𝗮𝘅𝗽𝗮𝘆𝗲𝗿𝘀 - are those with gross sales of between P20 million and less than P1 billion 𝟯. 𝗟𝗮𝗿𝗴𝗲 𝗧𝗮𝘅𝗽𝗮𝘆𝗲𝗿𝘀 - are those with gross sales of P1 billion and above ✨The new classifications are especially advantageous to Micro and Small Taxpayers as they are given special concessions such as a simplified income tax return (which is reduced to two pages), reduced 10% rate for civil penalties, and reduction on interest rates and certain fines and compromise penalties.✨ Should you have any inquiry you may contact us through the following: admin@digitaxconsulting.com #easeofpayingtaxes #BIR #taxpayerclassification #microtaxpayers #smalltaxpayers #MediumTaxpayers #largetaxpayers #TaxSimplification #easeofpayingtaxes RR 8-2024