Who are not required to file income tax return in the Philippines?

Who are not required to file Income Tax returns?

a. An individual earning purely compensation income whose taxable income does not exceed P250,000.00

b. An individual whose income tax has been withheld correctly by his employer, provided that such individual has only one employer for the taxable year

c. An individual whose sole income has been subjected to final withholding tax or who is exempt from income tax pursuant to the Tax Code and other special laws.

d. An individual who is a minimum wage earner

e. Those who are qualified under “substituted filing”. However, substituted filing applies only if all of the following requirements are present:- the employee received purely compensation income (regardless of amount) during the taxable year;- the employee received the income from only one employer in the Philippines during the taxable year;- the amount of tax due from the employee at the end of the year equals the amount of tax withheld by the employer;- the employee’s spouse also complies with all 3 conditions stated above;- the employer files the annual information return (BIR Form No. 1604-CF); and- the employer issues BIR Form No. 2316 (Oct 2002 ENCS version) to each employee.

Did You Know : Top 15 Free Online Learning Platforms

  1. Free Online Education Degrees : Coursera:

    Coursera partners with universities and organizations worldwide to offer a wide range of courses. While many courses are free, a fee is often required for certification.

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Did you know : International Scholarships 2024

There are several international scholarships available for South Africans to study abroad. Here are a few examples:

  1. Mastercard Foundation Scholarship Program: This program provides fully funded scholarships to study at selected universities in Africa, Europe, and North America. It is open to African students, including South Africans, who are committed to giving back to their communities.
  2. Commonwealth Scholarships: The Commonwealth Scholarship Commission offers scholarships for postgraduate study in the UK for citizens of Commonwealth countries, including South Africa. The scholarships cover tuition fees, travel costs, and a living allowance.
  3. Fulbright Foreign Student Program: The Fulbright program offers scholarships for South Africans to study at U.S. universities for a Master’s or PhD degree. The scholarship covers tuition, travel, living expenses, and health insurance.
  4. Erasmus+ Programme: The Erasmus+ programme offers scholarships for South Africans to study in Europe for a Master’s or PhD degree. The scholarship covers tuition fees, travel, and living expenses.
  5. Australia Awards Scholarships: The Australian government offers scholarships for South Africans to study at Australian universities. The scholarship covers tuition fees, travel costs, and a living allowance.

These are just a few examples of the many international scholarships available to South Africans. It is important to research the eligibility requirements and application deadlines for each scholarship program.

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