Tax Declaration Sample Copy

I am adding more documents to this blog. Here is a printable copy of tax declaration issued in April 2009.

Front

Back

Real Property Tax receipt

Congratulations to our new Presient, Nonoy Aquino III. In just a matter of hours of what we are waiting for from the Comelec. This is the most memorable election I encountered were it was very peaceful, quiet, and imagined... walang dayaan. How could it be, we're using the so called hitech pcos machine!

I should be able to continue with my business atbpang racket with no doubt, looking forward for a new Pinas kong mahal.

Below is a sample of the official real property tax receipt issued in November, 2008.

A Quick Info on Gout

I’m creating this post to get familiarize with the gout problem which my husband has been bothering of for the past two weeks. He just got back from an appointment with our town health clinic and after several tests, the doctor concurred it was no doubt a gout. Something that is common to us among Filipinos. For some reason, his lab test result is a normal uric acid of 6.9 (4.4 – 7.6).

I recalled before he felt the pain between the joint on his right big toe, we attended Uncle Tom’s birthday. The food was great with different types of dishes, from bangus marinated in vinegar and garlic, to letchong paksiw, apritada, dinuguan, arozcaldo chicken adobo, etc. My husband doesn’t drink alcohol or smoke. Yet I recalled that time he drunk a couple of beer which he couldn’t resist from his dear cousins.

What is gout anyway, how do we acquire it? Following is a brief information handed out by our doctor:

Gout is a kind of arthritis caused by too much uric acid in the joints. The acid causes joint pain.

If you eat a lot of foods that are rich in purines, you may get gout. Some of these foods are salmon, sardines, liver and herring.

You may get gout if you’re overweight, drink alcohol or have high cholesterol. Men have gout more often than women.

Some medicines may cause gout such as certain diuretics (water pills), niacin (a B-complex vitamin), aspirin (taken in low doses), cyclosporine and some drugs used to treat cancer.

What is a gout attack like? It may be sudden. It usually starts at night, often in the big toe. The joint becomes red, feels hot and hurts. The joint hurts more when you touch it. Other joints may also be affected.

What should I do if I have a gout attack? The sooner you get treatment, the sooner the pain will go away. Your doctor can prescribe medicine to stop the joint swelling and pain.

You should rest in bed. Putting a hot pad or an ice pack on the joint may ease the pain. Keeping the weight of clothes or bed covers off the joint can also help.

With the treatment, your gout attack should go away in a few days. You may never have another.

What if I don’t get treatment? If you don’t get treatment, a gout attack can last for days or even weeks. If you keep having more attacks, more joints will be affected, and the attacks will last longer.

If you have gout attacks for many years, you may develop tophi. These are soft tissue swellings caused by uric acid crystals. Tophi usually form on the toes, fingers, hands and elbows. You may also get kidney disease or kidney stones. Over time, the bone around a joint may be destroyed.

To avoid gout attacks, the doctor can prescribe medicines to prevent future gout attacks. These medicines wash the uric acid from your joints, reduce the swelling or keep uric acid from forming.

You should lose weight if you need to. If you have high blood pressure or high cholesterol, get treatment and follow a low salt, low fat diet.

Stay away from alcohol and foods that are high in purines.

Drinking lots of water can help flush uric acid from the body.

Purine contents of Foods and Beverages:
High
Best to avoid:
Liver, kidney, anchovies, sardines, herring, mussels, bacon, codfish, scallops, trout, haddock, veal, venison, turkey, alcohol beverages

Moderate
May eat occasionally:
Asparagus, beef, bouillon, chicken, crab, duck, ham, kidney beans, lentils, lima beans, mushrooms, lobster, pork, shrimp, spinach

Low
No limitation:
Carbonated beverages, coffee, fruits, breads, grains, macaroni, cheese, eggs, milk products, sugar, tomatoes and green veggies including lettuce and excluding vegetables above

Save Ink The Way We Print

Good news for those who uses their printer a lot often for there is another way of prolonging the life of ink, thus saving more to our wallet. This is by changing the font the way we print our documents. Instead of using the common font Arial, why not switch to Century Gothic which is still readable. Research found out by Printer.com that Century Gothic uses about thirty percent less ink than Arial. Other popular fonts are Times New Roman, Calibri and Verdana.

More info could be find at GMA News

My Real Estate Buying Checklist

I know how complicated it is in buying property considering the amount of documents I needed to produce. Hopefully, this will ease my stress and make it quick and simple in doing my real estate transaction. Here is my checklist which I used to print out in conducting my transaction from sales, documentation to registration.

STEP 1: CITY/MUNICIPAL ASSESSOR’S OFFICE

SECURE THE FOLLOWING:
1.  Certified True Copy of Tax Declaration if house and lot
2.  Certificate of No Improvement for a vacant lot
3.  Original Copies of the above – 1 for BIR and 1 for Register of Deeds

STEP 2 : CITY/MUNICIPAL TREASURER’S OFFICE
 Obtain a TAX CLEARANCE from the City/municipal Treasurer’s Office. In order to secure a Tax Clearance, Real Property Tax payment must be current as of date of document of sale.

STEP 3: BUREAU OF INTERNAL REVENUE

Must pay the following in BIR:
1.  Capital Gains Tax (6%)
Capital Gains Tax and Documentary Stamps Tax shall be based on Selling Price as written on Deed of Sale
2.  Documentary Stamps Tax (1.5%)
Market Value of Tax Declaration, or BIR Zonal Value, whichever is higher.
Requirements:
1.  Photocopy of Certified True Copy of Transfer Certificate of Title
2.  Certified True Copy of Latest Tax Declaration
3.  Real Estate Tax Clearance
4.  Original and two (2) Photocopies of Deed of Absolute Sale
5.  Certificate of No Improvement from the Assessor's Office if vacant lot.

Additional Note:
a. Payment for Capital Gains Tax and Documentary Stamps Tax shall be in cash or in managers check, to be paid to the BIR Regional office or BIR-authorized banks where property is located.
b. Capital Gains Tax shall be filed and paid to the BIR within thirty days from date of sale.
c. Documentary Stamps Tax shall be paid on or before the 5th day of succeeding month from the date of sale.

STEP 4: CITY/MUNICIPAL TREASURER’S OFFICE
Pay the Transfer Tax at the Treasurer's Office.
Requirements:
1.  Photocopy of Deed of Absolute Sale
2.  Photocopy Transfer Certificate of Title
3.  Photocopy of Tax Declaration
4.  Photocopy of Real Estate Tax Clearance

Transfer Fee is 1/2 of 1% of Selling Price or Market Value of Tax Declaration, whichever is higher

STEP 5: REGISTER OF DEEDS
Submit to the Register of Deeds where property is located the following documents:
1.  Owner's Duplicate Copy of Transfer Certificate of Title
2.  Deed of Absolute Sale (3 copies)
3.  Certificate Authorizing Registration from the BIR
4.  Transfer Fee Receipt
5.  Photocopy of Real Estate Tax Clearance
6.  Photocopy of Tax Declaration or if vacant lot, Certificate of No Improvement

A NEW TITLE UNDER THE NEW OWNER’S NAME WILL BE RELEASED BY THE Register of Deeds

REMINDER: The owner or the broker as authorized by the owner should be the one to present the above documents to the Register of Deeds because the new TCT shall be released only to the presenter of the above documents

STEP 6: CITY/MUNICIPAL ASSESSOR’S OFFICE
Secure from the Assessor's Office a new Tax Declaration.
Requirements:
a. Photocopy of Transfer Certificate of Title under the new owner’s name, duly authenticated at the Assessor's Office
b. Photocopy of Deed of Absolute Sale
c. Real Estate Tax Clearance

IMPORTANT:
Always bring Certified True Copies of the documents as well as necessary receipts to avoid inconvenience in case you will be required to present them.