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Tax on Personnel under Job Order and Contract of Services

Tax on Personnel under Job Order and Contract of Services. Revenue Regulation No. 2-98. Government Agencies are required to withhold the following:  1. Income taxes to income payments 2% or 1% of local supplier of services/goods

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Tax on Personnel under Job Order and Contract of Services

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  1. Tax on Personnel under Job Order and Contract of Services

  2. Revenue Regulation No. 2-98 Government Agencies are required to withhold the following:  1. Income taxes to income payments • 2% or 1% of local supplier of services/goods • 10% of local professional with gross income not exceeding P 720,000.00 • 15% of local professional with gross income if exceeding P 720,000.00

  3. Revenue Regulation No. 2-98 2. Business taxes to income payment • 3% other percentage tax if the annual gross income would not exceed P1,919,500.00 • 12% other percentage tax if the annual gross income exceeds P1,919,500.00 • 5% final withholding vat

  4. Revenue Memorandum Circular No. 130-2016 Clarification on the Tax Treatment and Appropriate Withholding Taxes on Income Payments by Departments and Agencies of the Government, Including Government-Owned and/or Controlled Corporations and Government Financial Institutions to Individuals Engaged under a Job Order or Contract of Service Arrangement

  5. Revenue Memorandum Circular No. 130-2016 Note: With PRC License but different job description (RN performs as Public Health Assistant considered as Non- professional)

  6. Responsibilities of Personnel (Job Order/Contract of Service) 1. Registration with the BIR 2. File and Pay of Income and Business Taxes • Monthly • Quarterly • Annual

  7. Responsibilities of Personnel (Job Order/Contract of Service)

  8. Responsibilities of Personnel (Job Order/Contract of Service)

  9. Where to get Form 2307? • Every 10th day of the month in the below offices: • HRDU Office – Deployment • Personnel Office – Job Orders

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