Be grateful when you are taxed, it means you made money and you are given an opportunity to be patriotic.
This #BIR form 2307 is what a company issues to its distributors for the total amount withheld from their commissions or sales bonuses. In MLM business, independent distributors/agents are withheld 10% of their total income. The same withheld amount could be used by that tax payer to offset from his total income tax. It is the company’s obligation to issue all its independent distributors this certificate. It is the independent distributors’ right to get it from the company on demand, all the time.
Remember, the tax withheld by the company is not the final/total tax due to an independent distributor. Let us help the MLM industry get the distinction it deserves by paying the right taxes.
Have a lovely evening #Ntrepreneurs