By Jun Ramirez
The Bureau of Internal Revenue (BIR) has listed down individual taxpayers who are required to file income tax returns (ITR) even as the deadline for its submission is on Monday (April 17).
Mandated to file ITR are: resident citizens engaged in business or practice of profession, non-resident citizens and aliens engaged in trade or practice of profession in the country, administrators of the estate and guardians of minors with income.
Employed individuals are not supposed to file ITR as the chore is done for them by their employers, but are required to do the same if they have two or more employers.
Married individuals are also required to file joint returns to include income of both spouses, computing separately their income tax due.
However, if the joint filing is impractical, spouses may file separately.
If any income cannot be definitely attributed to one spouse, the same shall be divided equally between the spouses for the purpose of determining their respective taxable income.
The income of unmarried minors derived from property received from a living parent shall be included in the return of the parent, except when the donor’s tax has been paid on such property or exempted from such payment.
Read more: BIR moves ITR filing deadline to April 17