Comments on: How to compute Percentage Tax in the Philippines http://businessaccent.com/2009/10/22/how-to-compute-percentage-tax-in-the-philippines/ Find articles, tips, stories and free resources on business, management, ethics, accounting, marketing, and online money profit making success. Mon, 15 Mar 2010 14:22:41 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: justmarrieddoc http://businessaccent.com/2009/10/22/how-to-compute-percentage-tax-in-the-philippines/comment-page-1/#comment-3046 justmarrieddoc Fri, 12 Mar 2010 06:35:17 +0000 http://businessaccent.com/?p=1222#comment-3046 Thanks to your website, now I know how to fill up those ITR forms as this is my first year to file as a professional. However, i have a question still regarding this Percentage tax. Hope you could help me.<br><br>1. As a professional affiliated with a clinic, but not as an employee, am I required to pay for 3% Percentage tax given a <720k annual income?<br>2. If yes, can this be paid annually instead of monthly?<br>3. Is there a way to decrease this percentage tax such as a personal exemption like being married or acquiring med supplies, or transportation, gas, and other stuff used during the practice as a professional? Or does this apply only to the ITR?<br><br>Please help. I still think that 3% is too much for those who are just starting their business/profession. =(<br><br>p.s.<br>one more thing, would you recommend changing the status and transfer registration be done after filing ITR or before so that we can reconcile our ITR? Would it matter? Thanks to your website, now I know how to fill up those ITR forms as this is my first year to file as a professional. However, i have a question still regarding this Percentage tax. Hope you could help me.

1. As a professional affiliated with a clinic, but not as an employee, am I required to pay for 3% Percentage tax given a <720k annual income?
2. If yes, can this be paid annually instead of monthly?
3. Is there a way to decrease this percentage tax such as a personal exemption like being married or acquiring med supplies, or transportation, gas, and other stuff used during the practice as a professional? Or does this apply only to the ITR?

Please help. I still think that 3% is too much for those who are just starting their business/profession. =(

p.s.
one more thing, would you recommend changing the status and transfer registration be done after filing ITR or before so that we can reconcile our ITR? Would it matter?

]]>