1 in 10 lawyers in 4 major cities paid zero tax for 2014, says DOF | Inquirer News

1 in 10 lawyers in 4 major cities paid zero tax for 2014, says DOF

By: - Reporter / @bendeveraINQ
/ 06:13 PM April 13, 2016

BIR Commissioner Kim Henares. AP FILE PHOTO

BIR Commissioner Kim Henares. AP FILE PHOTO

MANILA — Almost one in every 10 lawyers in four major cities paid zero tax for 2014 while over a tenth declared a monthly gross income similar to a low-ranked policeman, the Department of Finance (DOF) said Wednesday.

In its Tax Watch advertisement, the DOF said out of the 1,522 lawyers who filed their 2014 income taxes in the cities of Cebu, Davao, Makati and Quezon City, 141 or 9 percent had no tax due.

Article continues after this advertisement

Twelve percent or 194 filers, meanwhile, declared a monthly gross income of less than P13,492, which the DOF noted was equivalent to the monthly gross salary of a Police Officer 1.

FEATURED STORIES

The DOF also cited “questionable declarations” of 2014 income tax due ranging between a low of P372 and P5,623 among eight lawyers in the four cities.

The Bureau of Internal Revenue (BIR) had also “named and shamed” doctors, among other self-employed professionals, who had not been paying correct taxes.

Article continues after this advertisement

Earlier DOF estimates showed that only 400,000 of the 1.8 million self-employed in the country have been paying their correct taxes.

Article continues after this advertisement

BIR Commissioner Kim S. Jacinto-Henares said in 2015 that the government would gain up to P300 billion a year if foregone revenues from upper-tier, non-fixed income earners who have been pervasively evading tax payments could be collected.

Article continues after this advertisement

In the advertisement, the DOF noted that “when you don’t pay your taxes, you’re a burden to those who do.”

It also reminded taxpayers of the April 15 deadline for 2015 income tax-filing.

Article continues after this advertisement

This year, the BIR was tasked to collect P2.026 trillion in taxes, which would be the first time that the take of the country’s largest tax-collection agency could breach the P2-trillion mark.  SFM

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Business, Economy, Finance, Income Tax, lawyers, Nation, News, Professionals, Tax, tax avoidance, Tax evasion, Tax Watch

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.