If only the evidence of corruption against Vice President Jojo Binay were not overwhelming, I would consider voting for him in the May election simply because of his promise that those earning P30,000 a month (annual income of P360,000) and below will be exempted from paying income tax.
Kim Henares’ BIR is really a heavy cross for freelance workers who are not earning a lot.
When I was a fulltime employee of Ang Pahayagang Malaya, filing of income tax returns was taken care of by the office accountant. Since my retirement from the newspaper, I have been doing freelance work. I have to do my own filing with the BIR. It’s so stressful.
I was compelled to register as “single proprietor” with the BIR because companies I deal with require receipts. With or without income, I have to file a monthly percentage tax. Then I have to file the quarterly tax, then the annual income tax return and renewal of annual registration every January.
It’s like my life now is devoted to filing something with the BIR every month. It has happened a number of times that I missed filing the monthly percentage tax and the quarterly income tax. Even just a one day delay, I had to pay P1,000.
Ang bigat.