NEED to EARN extra INCOME.
Apply to be "REGISTERED TAX SPECIALISTA' of EmelinoTMaestro.
CRITICAL EMERGING INDUSTRY/SPECIFIC AREA REQUIREMENT. Recently and as it is stated in the transcript of the 2018 State of the Nation Address (SONA), our President Rodrigo R Duterte declared the urgency of passing a Tax Amnesty Law that will give opportunity to those taxpayers in settling their unpaid national internal revenue obligations. He expected that the Tax Amnesty Bill will be available for his signing into law before the end of the year 2018. For the record, the last Tax Amnesty Law that gave businesses, for taxation purposes, a clean bill of health is Republic Act 9480 (Annex D). Its covered period was for the taxable year 2005 and prior years and targeted, more or less, four million (4,000,000) taxpayers nationwide. In this regard, the House of Representatives and the Senate had introduced the consolidated tax amnesty bills. These bills proposed a general tax amnesty and an estate tax amnesty. It shall exempt from a criminal liability and reduce the unpaid taxes of those who will avail it accordingly. Moreover, the taxable period covered will be the 2017 and prior years. It is expected that the consolidated tax amnesty bills will be signed by President Duterte before the year 2018 ends (related news of GMA-7 is presented below.)
EMPLOYMENT AND BUSINESS OPPORTUNITIES.
The Bureau of Internal Revenue (BIR) and its 12,000 competent revenue officers may find it very hard to assist, help and provide a relevant, correct and complete public services to more than, as estimated, eight million (8,000,000) potential amnesty tax applicants. Furthermore, no schools, colleges and universities had developed a curriculum that tackles the rights, privileges, obligations and opportunities which can be derived from the Tax Amnesty Law. It is nice to give importance to the promise that our Constitution guarantees that is the goal of the national economy is to create an opportunity, income and wealth to a self-reliant and independent Filipinos.
☎️☎️Remember 'November 17'☎️☎️ '1.30pm'☎️☎️ at 'TESDA Taguig' and join the many OFWs, senior citizens, youth, non-CPAs, non-lawyers who believes that they can make and earn a DECENT INCOME from the upcoming TAX AMNESTY even if they have no work experiences with it. Do not worry because Emelino T Maestro who has 30 years expertise in BIR Taxation will be your mentor. Try to be there. What is P500/share for your snacks, water and rent if you will gain knowledge on how to start your career in Taxation. Register early via EmelinoTMaestro.com or call 09088807568 or 09173071316 now. Walk in rate shall be P3,000 per person.😇😎
MAY TAX AMNESTY BEFORE 2018 ENDS
The Senate has approved on second reading a measure seeking a general tax amnesty for all unpaid internal revenue taxes due for taxable year 2017 and prior years.
Majority Leader Juan Miguel Zubiri expressed confidence Wednesday that the bill would be passed by Congress before its December 14 break.
“We passed already on second reading Tuesday the Tax Amnesty bill. We will pass this on third reading by Monday next week,” Zubiri said in a message to reporters.
He said the House of Representatives has passed its version of the bill on committee level.
“Nauna kami sa Senado. Passage of the law depends on when the House will pass their version on third reading. I’m confident though that this measure will pass both Houses before the Christmas break,” he added.
Under Senate Bill 2059, taxpayers may get reprieve from all estate taxes, and instead pay six percent based on the total net estate.
A similar amnesty will also be extended for all national internal revenue taxes, including value-added tax and excise taxes collected by the Bureau of Customs.
Senator Juan Edgardo Angara, chairman of the Senate committee on ways and means, earlier said, in lieu of the taxes supposed to be paid, only five percent of the total net worth or a minimum tax will be collected.
Those who will go for the amnesty will have to have their General Amnesty Tax Return, including a notarized Statement of Assets, Liabilities and Net Worth (SALN). Discounts will also be given to early birds.
Taxpayers may also go for settling 40 percent of the basic tax for delinquencies and assessments which have become final and executory, or 50 percent when a criminal case is pending in court, or 60 percent in cases that are subject to final and executory judgment by the courts.
Angara said the proposal could yield up to P36 billion, based on the estimates by the Finance department. (—LDF, GMA News)
For details, please call 09173071316 and 09088807568
Visit EmelinoTMaestro.com
NEED to EARN extra INCOME.
Apply to be "REGISTERED TAX SPECIALISTA' of EmelinoTMaestro.
CRITICAL EMERGING INDUSTRY/SPECIFIC AREA REQUIREMENT. Recently and as it is stated in the transcript of the 2018 State of the Nation Address (SONA), our President Rodrigo R Duterte declared the urgency of passing a Tax Amnesty Law that will give opportunity to those taxpayers in settling their unpaid national internal revenue obligations. He expected that the Tax Amnesty Bill will be available for his signing into law before the end of the year 2018. For the record, the last Tax Amnesty Law that gave businesses, for taxation purposes, a clean bill of health is Republic Act 9480 (Annex D). Its covered period was for the taxable year 2005 and prior years and targeted, more or less, four million (4,000,000) taxpayers nationwide. In this regard, the House of Representatives and the Senate had introduced the consolidated tax amnesty bills. These bills proposed a general tax amnesty and an estate tax amnesty. It shall exempt from a criminal liability and reduce the unpaid taxes of those who will avail it accordingly. Moreover, the taxable period covered will be the 2017 and prior years. It is expected that the consolidated tax amnesty bills will be signed by President Duterte before the year 2018 ends (related news of GMA-7 is presented below.)
EMPLOYMENT AND BUSINESS OPPORTUNITIES.
The Bureau of Internal Revenue (BIR) and its 12,000 competent revenue officers may find it very hard to assist, help and provide a relevant, correct and complete public services to more than, as estimated, eight million (8,000,000) potential amnesty tax applicants. Furthermore, no schools, colleges and universities had developed a curriculum that tackles the rights, privileges, obligations and opportunities which can be derived from the Tax Amnesty Law. It is nice to give importance to the promise that our Constitution guarantees that is the goal of the national economy is to create an opportunity, income and wealth to a self-reliant and independent Filipinos.
☎️☎️Remember 'November 17'☎️☎️ '1.30pm'☎️☎️ at 'TESDA Taguig' and join the many OFWs, senior citizens, youth, non-CPAs, non-lawyers who believes that they can make and earn a DECENT INCOME from the upcoming TAX AMNESTY even if they have no work experiences with it. Do not worry because Emelino T Maestro who has 30 years expertise in BIR Taxation will be your mentor. Try to be there. What is P500/share for your snacks, water and rent if you will gain knowledge on how to start your career in Taxation. Register early via EmelinoTMaestro.com or call 09088807568 or 09173071316 now. Walk in rate shall be P3,000 per person.😇😎
The Senate has approved on second reading a measure seeking a general tax amnesty for all unpaid internal revenue taxes due for taxable year 2017 and prior years.
Majority Leader Juan Miguel Zubiri expressed confidence Wednesday that the bill would be passed by Congress before its December 14 break.
“We passed already on second reading Tuesday the Tax Amnesty bill. We will pass this on third reading by Monday next week,” Zubiri said in a message to reporters.
He said the House of Representatives has passed its version of the bill on committee level.
“Nauna kami sa Senado. Passage of the law depends on when the House will pass their version on third reading. I’m confident though that this measure will pass both Houses before the Christmas break,” he added.
Under Senate Bill 2059, taxpayers may get reprieve from all estate taxes, and instead pay six percent based on the total net estate.
A similar amnesty will also be extended for all national internal revenue taxes, including value-added tax and excise taxes collected by the Bureau of Customs.
Senator Juan Edgardo Angara, chairman of the Senate committee on ways and means, earlier said, in lieu of the taxes supposed to be paid, only five percent of the total net worth or a minimum tax will be collected.
Those who will go for the amnesty will have to have their General Amnesty Tax Return, including a notarized Statement of Assets, Liabilities and Net Worth (SALN). Discounts will also be given to early birds.
Taxpayers may also go for settling 40 percent of the basic tax for delinquencies and assessments which have become final and executory, or 50 percent when a criminal case is pending in court, or 60 percent in cases that are subject to final and executory judgment by the courts.
Angara said the proposal could yield up to P36 billion, based on the estimates by the Finance department. (—LDF, GMA News)
For details, please call 09173071316 and 09088807568
Visit EmelinoTMaestro.com
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