What is the computation of Tax and creditable witholding tax? In case of Rent Income

jplaton

jplaton

Arresto Menor

Posts : 13
Join date : 30/10/2011

A monthly rent of 8000 per month.
How much tax do the lessor pay in a year?
How much is the equivalent withholding tax to be paid by the lessee requiring receipt?
How much penalty you pay for not issuing Official Receipt?

Please help me figure out the correct computation.

attyLLL

attyLLL

moderator

Posts : 21671
Join date : 12/04/2010
Location : https://www.facebook.com/BPOEmployeeAdvocate/

withholding is 5% a month

lessor's tax depends on amount of taxable income.

penalty:http://www.pinoylawyer.org/t8684-what-is-first-time-penalty-for-first-time-offender-of-non-issuance-of-official-receipts#38550

What is the computation of Tax and creditable witholding tax? In case of Rent Income

1 What is the computation of Tax and creditable witholding tax? In case of Rent Income Wed Nov 02, 2011 8:44 pm

jplaton

2 Re: What is the computation of Tax and creditable witholding tax? In case of Rent Income Thu Nov 03, 2011 2:21 am

attyLLL