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| Processing of Accounting Documents |
| Withholding Tax Procedures |
| Flow of Documents |
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Processing Of Accounting Documents | ||||||||||||||||||||||||||||||||||||||||
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| Software Applications Laboratory C 2000 | |||||||||||||||||||||||||||||||||||||
Withholding Tax Procedures | ||
| Withholding Tax Requirements | ||
| Computation of Withholding Tax Income | ||
| Personal Exemption | ||
| Additional Personal Exemption | ||
| Exclusion from Taxable Income | ||
| Income Tax Table | ||
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Computation of Tax on Purchases, Services Rendered and Contractors (Purchases of Goods and Services Amounting to P1,000 and above) |
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| 3% Value Added Tax of Goods, Gross Amount over 11x10x3% | ||
| 6% Value Added Tax for Sales of Services, Gross Amount Over 11x10x6% | ||
| Additional 1% Expanded Tax for Purchases Amounting to P100,000 | ||
| Contractors Tax | ||
| 8% Tax, Gross Amount x 8% | ||
| Additional 1% Expanded Tax, Gross Amount x 1% | ||
| Software Applications Laboratory C 2000 | ||
Flow of Documents | ||||||
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Software Applications Laboratory C 2000 |
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