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What are the possible downside of not paying tax? I haven't paid my tax for 2 years.

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mamabasket

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Not paying taxes for two years can lead to several outcomes po. Baka may additional fees and interest kapag late ang paymenttt. Secondly, baka may legal repercussions includine fines or baka mabilibid ka. Thirdly, mawawala ang benefits mo sa gobyerno.

Be consistent sana when it comes to paying taxes!
 
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R3m0t3C0ntr0l

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Since pandemic at naging freelance ako , never ko na na asikaso ang tax ko.

Is it worth it ba mag file ng tax? Balak ko din bumili ng sasakyan.
kapag bibili ka ng anything na high value. They'll ask for your source of income. So possibly they'll ci ur income contribution or personal contribution, as well as taxes syempre.
 
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Dangerduck555

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Pano yung Bank transactions mo. Hindi ba sila ma aware na merong perang pumasok labas?
 
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kidcomet

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Voluntary payment ka nalang na minimal salary ilagay mo para pasok ka sa tax exemption. Problem lang dyan ay kung kukuha ka ng loan or mag apply ng visa. Hahanapan ka ng ITR na my capable income.
 
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d6208958

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Same. Freelance din ako simula nung pandemic kasi panay remote work. Di pa rin ako nakakapag-file sa BIR pero planning this year maayos na para malinis haha. Hassle din yata yan. Ok lang naman mag declare din ng less sa salary talaga.
 
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killerfrost

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Magkaka penalties ka po and worst case ay mahuhuli ka as tax evader
 
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BenedictMikey

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You should be good. Just dont expect the banks to grant you a huge loan.
 
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