Quantcast
Latest Stories

Pay taxes, new lawyers told

By

Finance Secretary Cesar V. Purisima: Exhortation to new lawyers

MANILA, Philippines—Finance Secretary Cesar V. Purisima on Thursday called on the newly minted lawyers to help in the campaign for greater tax compliance among the self-employed and professionals, particularly members of the bar.

“I hope that you start your careers by promising to pay the right amount in taxes and not help clients evade their taxes,” Purisima said in a statement, addressing those who passed last year’s bar exams.

Results of the exams were made public earlier this week, with 949 of 5,343 takers making the cut.

The finance chief’s call to lawyers comes as the Bureau of Internal Revenue, which is under the finance department, embarks on a campaign to raise the yearly income tax payments of the self-employed, sole proprietors of businesses and those who practice a profession, to an average of P200,000 from the current P33,000.

The BIR has issued a memorandum stating that taxpayers who belong in this category and who pay less than P200,000 shall be the first to undergo an audit of tax returns.

The BIR is also considering filing charges against the same class of taxpayers who pay less than P30,000 a year.

Purisima said that in 2009, tax collections from this group made up about 8 percent of all individual income tax collections, but this share was projected to ease to 6.8 percent in 2012.

He said that among this taxpayer group, tax compliance “has historically been poor because of fraudulent business expense deductions, failure to file income tax returns, and inconsistent issuance of official receipts.”


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Cesar V. Purisima , Philippines , tax payment , taxes

  • muddygoose

    I agree. They should carry their share of the tax burden. Lawyers, especially those in private practice, are supposed to be highly paid, but how come simple employees pay more income tax?

  • Deanmartinstyle

    Good job Purisima keep it up. Tell them as it is.



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • Healing priest invites political leaders to join ‘prayer for nation’
  • Tagle: Christ’s resurrection a message of hope to faithful
  • Aquino vows to intensify anti-corruption drive further
  • Unease in Vatican over cardinal’s luxury flat—report
  • Nepal calls off search for missing guides on Everest—official
  • Sports

  • Rain or Shine grabs No.4, sends Ginebra to 8th
  • Red-hot Alaska rips injury-depleted San Mig Coffee
  • Pacquiao courtesy call to Aquino set for Monday
  • Nick Calathes suspension a reminder of supplement risk
  • Teague scores 28 as Hawks soar past Pacers in Game 1
  • Lifestyle

  • Angono petroglyphs in danger of disappearing
  • Britain’s baby Prince George visits Australian zoo
  • Noli Yamsuan, Cardinal Sin’s ‘official’ photographer: ‘I could smell the aftershave lotion of the Pope’
  • Simplifying and lightening life
  • Where to go for Easter night-out
  • Entertainment

  • Show-biz celebrities’ other choices of summer getaway
  • Why ‘Noah’ can’t dock his ark at Philippine theaters
  • Acclaimed artist goes wild while on holiday
  • Believing in this mermaid
  • Missing Xian
  • Business

  • Supper power
  • Condo unit sales boosted Shang Properties earnings
  • ERC mulls over WESM price cap for May, June
  • Whatever happened to the ubiquitous pagers?
  • Huge 2013 net profits seen difficult to surpass in 2014
  • Technology

  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Opinion

  • Epiphany
  • Unpaid creditor vs distressed debtor
  • Moving on
  • From culinary desert to paradise
  • Response to China: ‘Usjaphil’
  • Global Nation

  • Japan presents $57-B ‘dream plan’ to solve Metro congestion
  • Tim Tebow’s charity hospital in Davao seen to open in 7 months
  • OFW died of Mers-CoV in Saudi Arabia, says family
  • Aquino, Obama to tackle US pivot to Asia during state visit
  • Asia seeks Obama’s assurance in territorial spats
  • Marketplace