BIR, PRC drafting rules to penalize self-employed tax evaders
MANILA, Philippines—Professionals need to show proof they have paid the right amount of income taxes before their work licenses can be renewed.
This is the new regulation being worked out jointly by the Bureau of Internal Revenue (BIR) and the Professional Regulation Commission (PRC), BIR Commissioner Kim Jacinto-Henares said in an interview Thursday over Radyo Inquirer 990AM.
Henares has disclosed that around 1.7 million self-employed professionals nationwide paid only a total of P9.8 billion in taxes in 2010, or an average of only P5,764 each. However, their income levels should correlate to P100,000 in taxes on the average.
“We’re drafting the memorandum of agreement [with the PRC],” she said.
The BIR will also be talking with the Integrated Bar of the Philippines with regards to the law profession.
The new policy is expected to be in effect “if not the latter part of this year, by January 2014,” Henares said.
Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94