Effects of failure to withhold or remit the required withholding taxes :)

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Effects of failure to withhold or remit the required withholding taxes

Meron pong tatlong klaseng withholding taxes sa Philipines. Here are the following withholding taxes:

1. Compensation;
2. Creditable (Expanded); and
3. Final.

If we failed to withhold or remit these required withholding taxes, there are three penalties:

1. Pay;
2. Non-deductible expenses; and
3. Criminal charges.

Please watch ATC Video above to learn more on how to comply with these withholding taxes using different BIR Forms. to avoid those above-mentioned penalties ^_^

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