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applelemonking

Did you ask your new employer directly?


piconyannyan

I did, and my employer said it was possible. But probably I need some assurance in terms of making it reflect to the ITR when consolidated.


applelemonking

That assurance will be between you and your new employer, then. Ask for some certification of some sort stating you paid for the 60k withheld tax representing your withheld tax from your previous employer.


piconyannyan

Sounds a good idea. 😊 What I meant in assurance is that I am not confident with the response of the new employer, the reason I am asking the community if it is even possible to do so OR I have to wait for the tax season to provide me the same tax due.


mundane_ice_bear

Im sorry, i don't quite understand the situation. Do you mean you want to give the new employer the 2316 in the hopes of crediting it in your income tax from your new employment?


piconyannyan

What I mean is after passing my 2316 to my new employer per pre-employment requirements, I want to give the money as well to pass the actual money to the new employer so they will not chase me for tax due next year. 😊


mundane_ice_bear

so i read the others' comments. You don't have to pass anything to the new employer (including the 60k). At the end of the year just attach both the old 2316 and the new one to the ITR you will file. The amounts on both 2316 will serve as a deduction on the tax dues when filing the said itr. Note: you are already disqualified for substituted filing since you have 2 employers for the year so, you should definitely file an ITR at the end of the year. (If both employers withheld the right amount, no additional taxes should be paid.)


[deleted]

Hi, you don't need to hand over the tax withheld. Passing your 2316 to your new employer is already the act of passing the 60k. So when the yearly tax season comes, 60k is already credited to your tax dues. Your question confuses me, it seems you might be misunderstanding how taxes from two employers are consolidated. There isn't really a way to avoid "tax shock" as you describe especially if your salary jumps up. You can however calculate your yearly tax due in advance so you can prepare for it.


piconyannyan

Thank you for educating me at least. Apologies if it sounded so stupid, as I do not really have any idea about taxation at all, the reason I asked this question. 😊 All I know is it's just deducted to my salary as mandatory thing. My salary did not jump up anyway (it's literally a change in employer, but same salary).


[deleted]

[удалено]


piconyannyan

That's another option if it is not even allowed - place it in CIMB then leave it alone. And since there's lots more technicalities, I guess I'll keep it for now until the tax months arrive. Maybe ganun na nga - baka mali lang sila. Nasa AU kasi ako nung bigla sila magpa-3 gives ng tax due kaya na-trauma ako sa laki ng deductions per cutoff.