All ▸ Bar 2024 ▸ COMMERCIAL AND TAXATION LAWS ▸ XIII. TAXATION LAW (R.A. No. 8424, as amended by R.A. No. 10963, R.A. No. 11534) ▸ G. Income Taxation ▸ 5. Taxable Individuals - R.A. No. 8424, as amended ▸ d. Substituted Filing

Question

Subject: Taxable Individuals - R.A. No. 8424, as amended - Substituted Filing

Scenario:

Mr. Cruz and Ms. Santos are married individuals who both work and earn income. Mr. Cruz works as a freelancer and earns income from his clients, while Ms. Santos is employed by a company and receives a regular salary. They want to know if they are eligible to file their income tax returns through the Substituted Filing scheme provided by R.A. No. 8424, as amended.

Question:

Explain the concept of Substituted Filing under R.A. No. 8424, as amended.
Are Mr. Cruz and Ms. Santos eligible to avail the Substituted Filing scheme? Provide reasons for your answer.
If eligible, what are the requirements and procedures they need to comply with in order to use the Substituted Filing scheme?

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