INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.
INCOME TAXATION SELF EMPLOYED & PROFESSIONAL TAXPAYERS

Palafox is a prominent independent contractor who offers architectural and engineering services.
Since his career flourished, her total gross receipts amounted to P4,250,000 for the taxable year
2018. His recorded cost of service and operating expenses were P2,150,000 and P1,000,000,
respectively.

How much is the income tax due in 2018

Gross receipts P4,250,000

Less: Cost of service 2,150,000
Gross income 2,100,000
Less: Operating expenses 1,000,000
Taxable income P1,100,000

Tax due
On P800,000 P130,000
On excess (P1,100,000 - P800,000) x 30% 90,000
Income tax due P220,000

The gross receipts exceeded the VAT threshold of P3,000,000; subject to graduated income tax
rates and liable for VAT in addition to income tax.