About this document

Year-End Tax Compliance Guide by Anoj Lleb is a document available to read on EtoBox.

Business expenses must be ordinary, necessary, and substantiated, with taxes withheld remitted to the BIR according to current rules. The obligation to withhold tax arises when income is paid, payable, or recorded as an expense or asset. This includes the requirement to remit withholding taxes even when expenses are recorded, not just when paid.

Author

Anoj Lleb

Language

EN