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August 5, 2021 6:42 pm Republic of the Philippines House of Representatives Quezon CityEIGHTEENTH CONGRESS Third Regular Session9930 House Bill No. ___ Introduced by REPRESENTATIVE ERIC L. OLIVAREZEXPLANATORY
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642 pm refers to the Tax Form 642, which is used to report information related to certain types of income and deductions.
Individuals or entities who have specific types of income or deductions that are required to be reported on Form 642 must file it.
Form 642 must be filled out with accurate and complete information related to the income and deductions being reported.
The purpose of Form 642 is to report income and deductions that are necessary for tax reporting and compliance.
Information such as income from investments, rental properties, and other sources, as well as deductions related to those income streams, must be reported on Form 642.
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