Diligence in Paying Taxes


New member
Re: Diligence in Paying Taxes

One of the headaches of business - taxes. And paying taxes is not easy because there is always a long line to the cashier. I wonder if they can streamline the system so the procedure of paying would be faster. Businesses here are required to report VAT payments monthly otherwise there will be a penalty. And even if there is not payment involved like when the business did not have any transaction for a particular month, reporting to the bureau of internal revenue is still required. So that is an additional person to the line in the revenue office. Another tax to submit is the income tax of employees where the withheld tax should be submitted to the revenue office as well.