I would like to seek for your advise about tax shield or tax write-off that a licensed professionals could apply to lessen tax burdens.
My sister is a registered nurse but recently employed in a BPO company. Her basic monthly salary is over P10,000 but not over P30,000. The company also gives her Language premium for around P40,000 per month and other taxable income like overtime pay. So based from her total taxable income per month, she has been deducted with huge amount of withholding tax and other legal contributions(SSS, Philhealth, PAGIBIG.)
Then recently she heard from someone that she could do some sort of public service by rendering 2-3 hours in a government owned hospitals/clinics as volunteeer nurse. As mentioned to her, once she declare this service to BIR,this could be considered as a tax write-off.
We are not familiar with the procedure and also to any other possible tax write-offs given to licensed professionals or to any high-earning professionals in the Phil. Hope you could help us on this and provide us some details.
Thank you very much and God bless.