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Post by account_disabled on Nov 12, 2023 6:40:44 GMT
Payer definition An employer who employs employees, regardless of the form of the concluded contract, becomes the payer of contributions. Before we discuss our topic, we will introduce the concept of a payer and its role. The payer is defined in the Tax Ordinance Act. The payer is a natural person, a legal person or an organizational unit without legal personality, obliged under the provisions of tax law to calculate and collect tax from the taxpayer and pay it to the tax authority within the appropriate deadline. Payer's liability Very often you can hear and read that the liability of the contribution payer is unlimited. Which results directly from the regulations, including from the PIT Act, which states that the payer He philippines photo editor is liable with all his assets for tax not collected or tax collected but not paid The payer's liability cannot be excluded or limited He is obliged to designate persons whose duties include calculating and collecting taxes and timely payment to the tax authority of the collected amounts. As well as to report to the competent local tax office the names, surnames and addresses of these persons. He is obliged to store documents related to collection until the limitation period for the payer's obligation expires For failure to collect tax or collecting it in an amount lower than the amount due, the contribution payer may be punished with a fine under the Fiscal Penal Code, the amount of which depends on the scale of the offense.
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