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RA 05ITRANSACT RETIREMENT ANNUITY FUND SWITCH FORM(To be completed by members who wish to switch from one retirement annuity portfolio to another)IMPORTANT INFORMATION 1.2.3.4.5.6. Please send this
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RA 05 is a tax return form used for reporting income and taxes of self-employed individuals and professionals in the Philippines.
Self-employed individuals, professionals, and those earning income from sources other than regular employment are required to file RA 05.
To fill out RA 05, taxpayers must provide their personal information, income details, allowable deductions, and tax due, and ensure all information is accurately reported.
The purpose of RA 05 is to enable self-employed individuals and professionals to report their income and pay the correct amount of income tax to the Bureau of Internal Revenue (BIR).
Information to be reported on RA 05 includes personal details, income earned, expense deductions, and the calculated tax due.
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