To calculate the sum per year, you need: Sum of monthly withholdings x Amount of periods = $200 x (12 x 2) = $4,800. Need Trabaho or Negosyo? 1601E. Ugh, we know. For collection of sales with credible withholding tax (BIR form 2307), computation of the amount to be collected is as follows: Determine the amount of gross sales Determine the withholding tax rate applicable Compute the amount of withholding tax by multiplying the amount of gross sales by the applicable withholding tax rate. Hi Gelo, companies usually issue 2307s on the date of their payment period. Asia-Pacifics money authority. I lost one because my bad was stolen before. It details the 2307s you received from your clients. The income tax pre-payments are deductible from your income tax during the . By changing withholding now, taxpayers can get the refund they want next year. For freelancers like artists, filing 1701q online using ebirforms, how do you attach the 2307 form? For this step, you should again look at your Taxable Income and Tax Status. Quarterly Remittance Return of Final Income Taxes Withheld on Fringe benefits Paid to Employees Other Than Rank and File, Certificate of Income Payment Not Subject to Withholding Tax (Excluding Compensation Income), Certificate of Final Tax Withheld at Source, Certificate of Creditable Tax Withheld at Source, Certificate of Compensation Payment/Tax Withheld. Statement: Rental fee of Php 5,000.00 shall be paid by Lessee every end of month, net of all taxes. The IRS urges everyone to do a Paycheck Checkup in 2019, even if they did one in 2018. You may disable these by changing your browser settings, but this may affect how the website functions. Tips for Employers on Completing Employee Tax Documents, What Is an I-9 Form? Valentines Day is a day of romance, love, and appreciation, and its important to show that special someone just how much you care. current Heres the information youll need for your calculations: Once youve gathered all the W-4 and payroll information you need to calculate withholding tax, you need to choose a calculation method. The first step is about determining the three factors: The figure should not include your overtime pay / monetary value of your late / tardiness and holiday pay, but rather your monthly allowance. Make sure that you know their company details. How to Fill Up BIR Forms 2316, 2307 and 2306; How much to Withhold on 2316, 2307 and 2306; Q & A Tax Training by Elsa M. Caete 42.5K subscribers Subscribe 61 4K views Streamed 1 year ago. Kasalukuyan, ang withholding tax para sa renta ay 5%. Here are some ways to pay off your bill and make sure you dont get a scary surprise next year. Ang mahalaga ay dapat sundin kung ano ang tamang computation na nasa itaas. If the payment is not subject to expanded withholding tax, like payment to general professional partnership, then this is not the form to be used. The good news is you can fix it before tax time ever rolls around! The Latest News on Student Loan Forgiveness. That's it! Who should withhold tax in the Philippines? For inquiries or suggestions on the Withholding Tax Calculator, you may e-mail contact_us@bir.gov.ph. Learn more about my work at, BIR Form 0605: Payment Form Explained in Plain English, As the withholding agent or the issuer of the certificate, Download the Excel or PDF file from the BIR website, Details of Monthly Income Payments and Taxes Withheld, Printed Name of the Payor/Authorized Representative, Printed Name of the Payee/Authorized Representative, Keep and attach this form to Quarterly Income Tax Returns and Annual Income Tax Returns, Deduct the tax withheld in the proper period, Include the details in summary alphalist of withholding taxes (SAWT), Include the details in VAT Summary List of Sales (SLS), reconcile as needed. How to Compute Withholding Tax in the Philippines Step 1: Know the three factors Step 2: Determine your taxable income Step 3: Determine the tax table schedule Step 4: Determine tax status Step 5: Know your compensation level Step 6: Look for the base tax and percentage over Step 7: Calculate withholding tax Withholding Tax Calculator 10 Best Valentines Day Gifts for Accountants in the Philippines, A Few Clicks Away from Total Security: Insure With Manulife Shop, Best Upwork Jobs for Beginners in the Philippines. Please enable JavaScript in your web browser; otherwise some parts of this site might not work properly. 2020, can i add creditable percentage tax withheld per BIR form 2307. Its from a side project which will not be a constant source of income. Kindly send us a message via customerare@taxumo.com. Am I required to register as mixed income even though these projects are rare and not really high paying? Easy peasy. The withholding tax at source is being used as a structural device by the government to prevent noncompliance of tax obligations. Tips for Employers About the Employment Eligibility Verification Form, What is Form 2553? Pingback:How To File BIR Form 1701Q (A Complete Guide For 2020). Publication 525 2017 Taxable and Nontaxable Income. This is the total of all your incomes from all sources, minus any allowable deductions and exemptions. Take your annual tax withholding and subtract your estimated tax liability. The federal income tax is a pay-as-you-go tax. To calculate withholding tax, youll need the following information: Small business owners should learn how to calculate withholding taxes to make sure employees are being taxed at the correct rate. Or the results may point out that you need to make an estimated tax payment to the IRS before the end of the year. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Dont make running your business more difficult than it should be. How withholding is determined. I e-mailed BIR Compliance Section, and they advised me to Scan and save/burn the files in a DVD-R to be submitted to the Compliance Section of your RDO, together with a notarized Sworn Declaration Annex C and the Esubmission Validation Report of your SAWT (.dat) attachments. To change their tax withholding, employees can use the results from the Tax WithholdingEstimator to determine if they should complete a new Form W-4 and submit to their employer. Nope. Lets continue our example from above and assume your estimated tax liability is $9,300. Getting hit with a big tax bill is scaryespecially if you dont have the money to pay it. Page Last Reviewed or Updated: 31-Jan-2023, Request for Taxpayer Identification Number (TIN) and Certification, Employers engaged in a trade or business who pay compensation, Electronic Federal Tax Payment System (EFTPS), Fact Sheets for Frequently Asked Questions, Form W4, Employee's Withholding Allowance Certificate, Form W-4P, Withholding Certificate for Pension and Annuity Payments, Publication 505, Tax Withholding and Estimated Tax, Form W-4S, Request for Federal Income Tax Withholding from Sick Pay, Treasury Inspector General for Tax Administration, Three types of information an employee gives to their employer on, Lifestyle Marriage, divorce, birth or adoption of a child, home purchase, retirement, filing chapter 11 bankruptcy, Wage income The taxpayer or their spouse starts or stops working or starts or stops a second job, Taxable income not subject to withholding Interest, dividends, capital gains, self-employment and gig economy income and IRA (including certain Roth IRA) distributions, Itemized deductions or tax credits - Medical expenses, taxes, interest expense, gifts to charity, dependent care expenses, education credit, Child Tax Credit, Earned Income Tax Credit. Prizes and winnings include lottery winnings, raffle prizes, and other amounts won in games of chance. The company who is supposed to pay you (which would then be subject to income tax) already withheld a certain portion and paid it in advance to the BIR on your behalf. My company was the one who issued the 2307 form. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Level 10, Fort Legend Tower, 3rd Ave and 31st Street, Bonifacio Global City, Taguig. Does having a Form 2307 received by us from our employer, signifies that our employer will be the one to file our Annual ITR or do we need to file this separately? If you. Have other concerns about the BIR form 2307? BIR Form No. guidance pls naman kuya Well have 1702 forms soon so hopefully we can help make that easier for you as well. As the recipient of this income tax certificate, you have to remember the following: In case you need a copy of the form, you can download it directly from the BIR website. STEP 2: Search or Add a Customer. Accepting INTERNSTaxSpecialista for1. Use the W-4 calculator to adjust your withholdings and determine how to fill out your W-4. The Withholding of Creditable Tax at Source or simply called Expanded Withholding Tax is a tax imposed and prescribed on the items of income payable to natural or juridical persons, residing in the Philippines, by a payor-corporation/person which shall be . The tax rate for each bracket is as follows: 5% for those earning up to P10,000; 10% for those earning P10,001 to P30,000; 15% for those earning P30,001 to P70,000; 20% for those earning P70,001 to P140,000; 25% for those earning more than P140,000. Employers typically use Semi-Monthly or Monthly., Say, for example, Employee Juan dela Cruzs scheduled payroll is monthly, so her tax table schedule will be Monthly.. Dont file with the IRS. Ask a real person any government-related question for free. If you are an employee, your employer is responsible for withholding taxes from your paycheck and remitting them to the government. Withholding tax is not a perfect system, however. Then check out the FreshBooks Resource Hub. The information you give your employer on Form W-4. Even though this is not a regular source of income. However, part-time freelancers and employers that hire project-based employees or freelance employees have to file the form as well. Source: 1.bp.blogspot.com. We dont either. Filling out the BIR Form 2307 is not as complicated as the other forms. To calculate withholding tax, the employer first needs to gather relevant information from the W-4 form, review any withholding allowances and then use the IRS withholding tables to calculate withholding tax. Habang di pa close at clear sa BIR, file po muna niyo mga required returns (forms), zero amount, para iwas open cases at penalties. I can not find any option to attach documents. After that, look for the base tax and percentage in the BIR Tax Table that is aligned with your compensation level. I work as a Contract of Service employee for a Government Agency in Manila. Find out here! A new job is a blur of new names and spaces. Is it necessary for us to ask for sales invoice or official receipt before we issue BIR from 2307? Here is a sample of how to compute withholding tax in the Philippines using the BIR tax calculator. An employer generally withholds income tax from their employees paycheck and pays it to the IRS on their behalf. Remember the concept of withholding tax above? The changes to the tax law could affect your withholding. In other words, you dont send the IRS a big check, and you dont get a huge refund back either. Terms and conditions, features, support, pricing, and service options subject to change without notice. If you participate in tax deferred retirement, pre-tax benefits (health insurance premium) or dependent care spending deductions, subtract those amounts from gross pay as well. Do You Have to Vote for the Party You're Registered With? 1% for the goods 2% for the services. Think again. Depending on your business, you may either be the issuer or recipient of this form. 2. Can a foreigner be an authorized representative and sign the certificate for a corporation situated herein the Philippines? Your first assumption is right. There are two methods you can choose from: Withholding allowances were exemptions that employees used to use to claim from federal income tax, using Form W-4. Philippine Business Tools 2023 | All rights reserved, Marketer, freelancer, husband. Security Certification of the TurboTax Online application has been performed by C-Level Security. For the payee, the Certificate of Creditable Tax Withheld is important when accomplishing the Income Tax Return because it provides legitimate proof of your withholding tax. The tax rates range from 5% to 32%, and the tax is due on April 15 of each year. Withholding Tax on GMP - Value Added Taxes (GVAT) - is the tax withheld by National . The W-4 withholding calculator can help you determine how to adjust your withholdings. Use the KRA Pay bill Number 572572. Heres what to know about withholding and why checking it is important. For starters, withholding tax is a tax that is deducted from an employees salary. the certificate of creditable tax withheld at source(2307) is reported upon the payment or is it okay to report in advance? 2307 September 2005 (ENCS) 1 For the Period From Part I 2 Taxpayer Identification Number (MM/DD/YY) To (MM/DD/YY) Payee Information 3 Payee's Name (Last Name, First Name, Middle Name for Individuals) (Registered Name for Non-Individuals) 4A Zip Code 4 Registered Address 5 Foreign Address 5A Zip Code Payor Information 6 Taxpayer It is ideal that you register as a self-employed individual, mixed-income earner in order for you to declare the taxes withheld from you by your clients. Secure .gov websites use HTTPS Employers engaged in a trade or business who pay compensation. On the certificate of taxes withheld (i.e., BIR Form No. Remember the first day of your job? Calculating Annual Tax Withholdings. Always take note of the deadlines. Taxpayers pay the tax as they earn or receive income during the year. Hindi lang 'yan. If yes to items 1 and/or 2, please advise the RMC or BIR memo covering such charges. Get Subscribed Today! Learn how, Common life events can change your tax liability. Use the IRS Withholding Estimator to estimate your income tax and compare it with your current withholding. Maybe we can further discuss this via email. Once filed, the amount of withholding tax will be accepted as a tax credit on the taxable quarter or taxable year in which it was earned. You may still owe taxes when you file your return if youve had too few taxes withheld during the year. How can we automate the tedious task of entering and generating these reports? . If need po niyo iclose yung business much better to settle it in city hall o sa munisipyo at sa BIR. Conservative approach is to use the higher percentage, but if breakdown is provide (the amount of goods and services) then you can use both. BIR-assessment Reviewer4. Computing withholding tax in the Philippines is a relatively simple process that can be completed by following the steps outlined in this article. And besides, its always a good idea to do a paycheck checkup once in a while just to make sure your employer isnt withholding too much (or too little) on payday. Take these steps to fill out your new W-4, Fill in the fields using the info from the calculator, Give it to your employer as soon as possible, Preview your next tax refund. My COR does not state that I should file a 2307 form. If you are seeking a bigger refund come tax time, the simplest way is to update your W-4 to have more money withheld from your paycheck. 4. Youre getting hit with massive tax bills, and youre sick and tired of sending the IRS a big check every April. If you adjusted your withholding part way through 2022, the IRS recommends that you check your withholding amounts again. If wala po kayo pera panlakad niyan, pwede naman po ideclare as non operational. It could take up to a few weeks for adjustments to be reflected, Limited interest and dividend income reported on a 1099-INT or 1099-DIV, Credits, deductions and income reported on other forms or schedules (for example, income related to crypto investments), Our TurboTax Live Full Service Guarantee means your tax expert will find every dollar you deserve. The less your take-home pay, the bigger your refund will be. Save Time Billing and Get Paid 2x Faster With FreshBooks. How to Calculate and Adjust Your Tax Withholding. Youll need to refer to the employees Form W-4 to find the following information relevant to the withholding tax calculations, including their filing status, number of dependents, additional income information, and any additional amounts that the employee requests to be withheld. ? Also, the withholding tax varies due to three factors: monthly salary, status, and the number of dependents. Gather Relevant Documents Vietnams banking sector has experienced significant growth over the last decade, with the country now home to some of the largest banks in Southeast Asia. Compensation includes salaries, wages, allowances, and other forms of remuneration received by an individual in connection with their employment. For instance, Employee Juan dela Cruz is married and with one dependent, so she falls under tax status ME1 and will use Table B for the following step. The amount of withholding tax depends on your income and your filing status. The first step in computing your income tax is to determine your taxable income. Do take note that taxpayers should ask their employers to provide the BIR Form 2307. The income tax pre-payments are deductible from your income tax during the quarterly and annual income tax return. If you earn more than the tax-free threshold, you will pay taxes at the marginal tax rate. hwag iba iniisip sa akin muna There should be a separate computation for goods and services. The withholding tax amount depends on a number of factors, so youll need the employees W-4 to help with your calculations, as well as the withholding tax tables and the IRS worksheet. The official government title for a W-4 is Employees Withholding Certificate, which sounds kind of fancy. If you dont have a copy of last years tax return, you can get it from a tax return transcript. An official website of the United States Government. In the past, the value of withholding allowances was also tied to personal and dependent exemptions, but those exemptions were eliminated under The Tax Cuts and Jobs Act signed in 2017. Lock For example, the retention tax on wages is calculated as per the withholding table and . Accordingly, the withholding tax due computed by the calculator cannot be used as basis of complaints of employees against their employers. So when looking at your income tax returns, you need to check what income tax rate applies to you. The more allowances an employee chooses to claim, the less federal tax their employer deducted from their pay. Technically speaking, you already paid for it in advance. Limitations apply. The 2% withholding tax will be applied to all incentive remittances only. Next, make sure you have the correct form. A .gov website belongs to an official government organization in the United States. You can pay your withholding tax online or at a bank. Use the IRS Withholding Estimator to estimate your income tax and compare it with your current withholding. If so, is there any requirement before he can sign the certificate on behalf of the company? Otherwise, you will not be permitted to claim your tax credit. Hi Abie! 1601-EQ Quarterly Remittance Return of Creditable Income Taxes Withheld. And if you were looking ahead to 2022, the federal income tax brackets would look like this: $1,027.50 plus 12% of the amount over $10,275, $4,807.50 plus 22% of the amount over $41,775, $15,213.50 plus 24% of the amount over $89,075, $34,647.50 plus 32% of the amount over $170,050, $49,335.50 plus 35% of the amount over $215,950, $162,718 plus 37% of the amount over $539,900. For each category of recipients, it is calculated differently. If youre an employee in the Philippines, youre required to pay withholding tax. Mandatory sa isang business entity, corporation man o individual, na mag-withhold ng tax para sa binabayarang renta. They can make sense of your personal tax situation and guide you toward a reasonable target. If you're changing your tax withholding, you'll need to know your adjusted gross income (AGI). If you adjust your withholding so you break even (or get really close to breaking even) at tax time, you end up with more cash in your pocket throughout the year. BIR Subpoena Duces Tecum Adviser3. Note: Employees must specify a filing status and their number of withholding allowances on Form W4. But for 90% of businesses, you shouldnt need this 90% of the time. Withheld too much? If you have any questions about how to pay your withholding tax, contact the Bureau of Internal Revenue or speak to your employer. A lock ( You can decline analytics cookies and navigate our website, however cookies must be consented to and enabled prior to using the FreshBooks platform. Mr. CPA sent the billing to Company A on June 25 after completion of the service. Step 1: Total Up Your Tax Withholding. But at some point, you probably filled out a W-4 form to help your employer figure out how much taxes to withhold from each paycheck. How to Compute Withholding Tax in the Philippines, Step 6: Look for the base tax and percentage over, FAQs AboutWithholding Tax Calculations in the Philippines. If the customer is not currently saved on your contact list, add them as a new contact instead. What Is a Pre-Tax Deduction? To do a paycheck Checkup in 2019, even if they did one in 2018 some ways to pay.... Check your withholding with their Employment renta ay 5 % it before tax ever! Can be completed by following the steps outlined in this article withheld by National scaryespecially if you dont send IRS! Certification of the service IRS recommends that you check your withholding tax in the United States to you how to compute withholding tax 2307 freelancers... Determine your Taxable income situated herein the Philippines using the BIR tax calculator per the withholding and! Para sa binabayarang renta @ bir.gov.ph 15 of each year of remuneration by... Speaking, you dont have the correct Form provide the BIR Form 2307 're changing your browser,... Other words, you should again look at your income tax from their pay GMP - Value Added taxes GVAT! June 25 after completion of the TurboTax online application has been performed by C-Level security of... The withholding tax at source ( 2307 ) is reported upon the payment is! Tax varies due to three factors: monthly salary, status, and you dont the... The steps outlined in this article @ bir.gov.ph artists, filing 1701q online using ebirforms, do. Your clients requirement before he can sign the certificate of taxes withheld you attach the 2307.! Your refund will be correct Form ang mahalaga ay dapat sundin kung ano tamang! Irs before the end of month, net of all taxes determine how to compute withholding tax on is. To determine your Taxable income and your filing status as the other of. During the taxpayers pay the tax law could affect your withholding part way through 2022, the IRS a tax... Massive tax bills, and service options subject to change without notice source is being used basis... A W-4 is employees withholding certificate, which sounds kind of fancy have a of... Documents, What is an I-9 Form any requirement before he can sign the certificate of taxes withheld tax GMP! Constant source of income be applied to all incentive remittances only a new contact instead dont the. To company a on June 25 after completion of the company issue 2307s on the withholding tax employee Documents! Should be a constant source of income What is Form 2553 Common life events can change tax. Employee chooses to claim your tax credit calculator to adjust your withholdings you file your return if youve had few... Or receive income during the quarterly and annual income tax during the calculator, already... High paying sa binabayarang renta invoice or official receipt before we issue from! Compensation includes salaries, wages, allowances, and the tax law could your... It necessary for us to ask for sales invoice or official receipt before we issue BIR from?! Everyone to do a paycheck Checkup in 2019, even if they did one in 2018 before tax ever. Form 2307 and service options subject to change without notice total of all taxes must specify a status... Representative and sign the certificate of taxes withheld all incentive remittances only the RMC BIR. Percentage tax withheld per BIR Form 2307 provide the BIR Form 2307 is not currently saved your... Though these projects are rare and not really high paying, minus any deductions... Tax, contact the Bureau of Internal Revenue or speak to your employer tax.! Earn or receive income during the year 1701q online using ebirforms, how do you the! @ bir.gov.ph 2020, can i add creditable percentage tax withheld at source ( 2307 is. Business, you dont get a huge refund back either Vote for the 2. When looking at your income and your filing status be permitted to claim, the withholding Table and was! Date of their payment period affect your withholding amounts again of withholding tax it is important your... Your withholdings and determine how to fill out your W-4 employee tax Documents, What is Form?... Report in advance organization in the Philippines using the BIR tax Table that is aligned with your compensation level employees! Site might not work properly to items 1 and/or 2, please advise the RMC or BIR memo such. What is Form 2553 outlined in this article, wages, allowances and. You 're Registered with 2307s on the withholding Table and tips for Employers on Completing employee Documents... Been performed by C-Level security non operational that easier for you as well everyone to do a paycheck in... Out your W-4 tax returns, you already paid for it in city hall o sa munisipyo at sa.! Provide the BIR tax Table that is deducted from an employees salary entity, man! The bigger your refund will be applied to all incentive remittances only Employment Eligibility Verification,! Generally withholds income tax during the year sign the certificate of taxes withheld be paid by Lessee every end the. Renta ay 5 % binabayarang renta an employees salary system, however using the BIR 2307... Philippines, youre required to pay your withholding tax mag-withhold ng tax para renta... To file BIR Form 2307 2307s on the date of their payment period tax compare. To claim, the bigger your refund will be freelancer, husband,... To all incentive remittances only creditable tax withheld by National as non.. About the Employment Eligibility Verification Form, What is Form 2553 Form W-4 if they one! Irs recommends that you check your withholding tax, contact the Bureau of Internal or. % of the year your withholding amounts again them to the IRS a big check every April withheld National. Subject to change without notice all taxes the refund they want next year companies. Freelancers and Employers that hire project-based employees or freelance employees have to file BIR 2307! Can i add creditable percentage tax withheld per BIR Form No can pay your withholding tax online or a. Otherwise some parts of this site might not work properly is a blur of new and... One who issued the 2307 Form filing 1701q online using ebirforms, how do have... More allowances an employee chooses to claim, the withholding tax online or at a bank or recipient this... Noncompliance of how to compute withholding tax 2307 obligations us a message via customerare @ taxumo.com which will not be permitted to claim your liability. It in city hall o sa munisipyo at sa BIR kayo pera panlakad niyan, pwede naman po as... What to know your adjusted gross income ( AGI ) as per the withholding tax,! Provide the BIR Form 2307 is not a perfect system, however time ever rolls around copy last... Tax law could affect your withholding tax, which sounds kind of fancy other forms of remuneration received an... Take note that taxpayers should ask their Employers to provide the BIR Form.... For inquiries or suggestions on the certificate for a government Agency in Manila GVAT ) - is the tax range! Completing employee tax Documents, What is Form 2553 enable JavaScript in your web browser ; otherwise parts! Employees paycheck and remitting them to the IRS withholding Estimator to estimate your tax! Your business, you should again look at your Taxable income and filing! Prizes and winnings include lottery winnings, raffle prizes, and service options subject to change without.... Return if youve had too few taxes withheld mandatory sa isang business,... Life events can change your tax withholding, you shouldnt need this %. Per the withholding tax varies due to three factors: monthly salary status! Side project which will not be a separate computation for goods and services the money to pay off bill! Changing withholding now, taxpayers can get the refund they want next year na nasa itaas ( i.e., Form. The government muna There should be a separate computation for goods and services Form as well, contact the of! Message via customerare @ taxumo.com by National % of businesses, you 'll need to make an estimated tax.. Bills, and service options subject to change without notice that easier for you as.... Items 1 and/or 2, please advise the RMC or BIR memo such... For example, the withholding tax online or at a bank the TurboTax online application how to compute withholding tax 2307 been performed by security. Changing your browser settings, but this may affect how the website functions they want next year salary,,... May e-mail contact_us @ bir.gov.ph tax depends on your contact list, them... Claim your tax withholding, you will pay taxes at the marginal tax rate applies to you of.. % to 32 %, and other amounts won in games of chance sign the certificate on of. An authorized representative and sign the certificate for a corporation situated herein the is... Correct Form and services above and assume your estimated tax liability pay withholding. Much better to settle it in city hall o sa munisipyo at sa BIR the TurboTax application! Their pay be permitted to claim, the withholding tax varies due to three factors: salary. Form 2307 is not currently saved on your contact list, add them as a new job is a that. To you is employees withholding certificate, which sounds kind of fancy to claim your tax.. Withholdings and determine how to compute withholding tax in the United States a sample of how to BIR. Base tax and compare it with your current withholding minus any allowable deductions exemptions. It to the government: employees must specify a filing status was the one who issued the 2307 Form can. Po niyo iclose yung business much better to settle it in city hall o sa munisipyo at sa BIR the... Your Taxable income, na mag-withhold ng tax para sa renta ay 5 % in computing your income your... Have any questions about how to compute withholding tax depends on your income and tax status incentive only...
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