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Free Legal Advice Philippines » FREE LEGAL ADVICE » LABOR AND EMPLOYMENT » Tax on IT consultancy services

Tax on IT consultancy services

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1Tax on IT consultancy services Empty Tax on IT consultancy services Tue Mar 12, 2013 3:27 am

gengstah


Arresto Menor

Hi all lawyers,


I would like to ask if there is a specific law regarding taxes for consultants. I am currently a consultant and I am being deducted 15% tax, I'm not sure if this is proper so I need help from our experts. I'm the one remitting my sss, pagibig and philhealth but not the taxes

Cheers!

2Tax on IT consultancy services Empty Re: Tax on IT consultancy services Tue Mar 12, 2013 9:46 am

CaseLogic

CaseLogic
Arresto Mayor

IF your are earning 720k annual your EWT will be 15% and if it is 720k below EWT will be 10% as per our practice.

3Tax on IT consultancy services Empty Re: Tax on IT consultancy services Tue Mar 12, 2013 1:23 pm

gengstah


Arresto Menor

Hi CaseLogic,

Thanks for sharing your knowledge. I have a follow up question regarding the tax. Most consultants I know are deducted with only 2% tax, how is this possible?

Thanks again

Cheers

4Tax on IT consultancy services Empty Re: Tax on IT consultancy services Tue Mar 12, 2013 2:03 pm

CaseLogic

CaseLogic
Arresto Mayor

2% is for prime contractors or sub-contractors.
If you are professional, earning 720k above then it should be 15% EWT.

5Tax on IT consultancy services Empty Re: Tax on IT consultancy services Tue Mar 12, 2013 2:10 pm

gengstah


Arresto Menor

Thanks again for the quick response! I am a IT contactor for a multinational company. My name even has a contractor appended in the end. Does that make me fit for the 2% tax?

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