Withholding Tax 2021 Part 1

Описание: Income and Business Taxation

Withholding Tax is usually deducted by Employer to its employee a certain portion to pay to the BIR as part of their tax. Hence withholding tax is not bot just deducted to employee, it is also the kind of tax that is deducted to a sole proprietor and partnership business .

This video also covers how the contribution of SSS, Philhealth, Pag - Ibig are computed.

The correct computation of government contribution are very vital since it is one source on how taxable income can be reduce to pay employee's withholding tax.

In this video, the Allowable Deduction are also discuss and the formula and technique on how to arrive to correct annual and monthly withholding tax.

Here's the link for the 2021 Government Contribution Tables:
https://drive.google.com/file/d/12qpy...
(copy link,paste to google, enter to open)
Mam Ching


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