Tax withheld from my company:
Php 17, 356.40
As for the Train Law, the tax that I would pay is only:
With calculations of:
-Php 250,000 (Train Law)
- 8 percent
Php 3, 549.6
Why I'm not filing for ITR this year?
I registered as Self-employed at BIR this January and I don't want to go through the hassle of filing for late ITR since I didn't file for the quarterly tax and so on. I decided to fully take advantage of Train Law this year. I know, sayang ang tax refund coz they withheld Php 17k+, but that's okay... for the Philippines naman yun eh. Heheh. Can you hear the sarcasm there?