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What'll happen to my tax after resigning from current company

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iteps


Arresto Menor
Hi!

Basically, can someone explain what happens when you resigned from your current employer and totally stop working or declaring income.

Some context:

Last feb I resigned from my employer to be a full time freelance worker for a while. Now back there (with my employer) I do get my ITR and they properly declare everything. I'm just curious now that I've resigned what will my status be?

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council


Reclusion Perpetua
iteps wrote:Hi!

Basically, can someone explain what happens when you resigned from your current employer and totally stop working or  declaring income.

Some context:

Last feb I resigned from my employer to be a full time freelance worker for a while. Now back there (with my employer) I do get my ITR and they properly declare everything. I'm just curious now that I've resigned what will my status be?

You need to file Form 1701 as you are considered a self-employed person.

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