About this document
Tax Penalties in the Philippines Guide by AB Cloyd is a document available to read on EtoBox.
The document summarizes penalties for non-filing of income tax returns and non-payment of income taxes in the Philippines. It discusses that failure to comply will result in (1) fines and imprisonment, (2) surcharges of 25-50% of taxes owed, and (3) 20% annual interest on unpaid taxes. It also notes compromise penalties range from 200 to 50,000 pesos depending on tax amount owed. In summary, non-payment of taxes in the Philippines results in significant penalties including surcharges, interest, and compromi
- Author
- AB Cloyd
- Language
- EN