tag:blogger.com,1999:blog-5658905075966101464.post8332925308355185309..comments2023-03-31T06:02:24.910-07:00Comments on Untangling The Taxation Web: New PCB System ?gtchyehttp://www.blogger.com/profile/16483902492773694060noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5658905075966101464.post-75224499075536880172009-10-10T23:09:38.447-07:002009-10-10T23:09:38.447-07:00Yes, once TP1 is submitted, the PCB calculation wi...Yes, once TP1 is submitted, the PCB calculation will take into consideration the amount of income and PCB not only for the previous months but also extimates for the coming months. You can use the PCB calculator available in the IRB's website.gtchyehttps://www.blogger.com/profile/16483902492773694060noreply@blogger.comtag:blogger.com,1999:blog-5658905075966101464.post-37889592987909021472009-10-08T00:32:44.432-07:002009-10-08T00:32:44.432-07:00If the TP1 is submitted in the middle of the year,...If the TP1 is submitted in the middle of the year, will tax computation consider the previous month's tax and recalculate accordingly?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5658905075966101464.post-27410572352582681382009-07-23T23:03:10.661-07:002009-07-23T23:03:10.661-07:00All IRB's directives to pay tax by instalments...All IRB's directives to pay tax by instalments have to be complied with. There will be penalties even if you pay late. If the IRB has issued you the instalment plan, you cannot unilaterally ignore it.gtchyehttps://www.blogger.com/profile/16483902492773694060noreply@blogger.comtag:blogger.com,1999:blog-5658905075966101464.post-59609126428773621742009-07-23T01:07:40.498-07:002009-07-23T01:07:40.498-07:00For individual who own business like sole-prop or ...For individual who own business like sole-prop or partnership, is the bi-monthly instalments plan compulsory? If he has received the CP500, can the individual not take up the instalment plan by making a lump sum payment at the date when he submit his income tax return? Does the ITA allows? Thanks.Anonymousnoreply@blogger.com