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News and Events

How to File Income Tax Returns Properly

In case you're still confused

It’s a confusing time for taxpayers, especially with all these new ITR forms. Even after you know which forms were updated, you need to find out if it should be the one you will use. Then, you also have to figure out ...

by Mon Abrea  | April 15, 2019 02:00:00
Startup Tips

'Tis The Season of Taxes: Here's a Step-By-Step Guide on How to Do Your Tax Compliance Right

A guide to lessen the stress of paying taxes

First comes the Christmas Season, then comes the New Year Season. And then there’s the tax season. Celebration, celebration, and then suddenly, obligation. Unlike the first two jovial seasons, tax season can be quite stressful.Even with prior research, the complex tax system ...

by Mon Abrea  | February 21, 2019 10:00:00
News and Events

Here's Where You Can Learn How to File Taxes if You're a Freelance Creative

So you won't have to jump into it blind!

One of the many issues of freelance artists and creatives is the administrative work that comes with getting paid for projects, which inevitably leads to filing taxes (and that’s not even where it starts as you’ll first have to register with several ...

by Charlene J. Owen of Femalenetwork.com  | January 28, 2019 08:00:00
Startup Tips

This Messenger Bot Reminds You When Your Taxes Are Due

Having trouble keeping track?

Freelancers and solo entrepreneurs would know—tax payments can suck the fun out of the career you’re building. Aside from living with the possibility that our taxes just go to corrupt officials, the whole process of tax payments itself is a pain. What ...

by Elyssa Christine Lopez for Esquire Philippines  | January 15, 2019 06:00:00
Startup Tips

Mann Hann is Back in Business: Here's the Story of a Businessman Who Doesn't Know How to Quit

The chain of specialty Chinese food was shuttered for a time by the BIR, but not for long

For a man whose business was shut down for a few days by the Bureau of Internal Revenue (BIR), Wilson Ledesma is in a jovial mood. The founder and proprietor of the Mann Hann chain of restaurants says the closure happened because ...

by Paul John Caña for Esquiremag.ph  | December 28, 2018 08:00:00
News and Events

Bill That Could Cut Unpaid Taxes by Almost Half Just Awaiting Duterte's Signature

The tax amnesty bill was ratified on December 13

It seems most businesses and professionals are set to have a truly merry Christmas. Individuals, corporations and other organizations with pending tax payments may soon be able to settle their obligations at a reduced rate after the Senate ratified the bicameral report on ...

by Elyssa Christine Lopez for Esquire Philippines  | December 14, 2018 04:00:00
News and Events

Do You Have Unpaid Taxes? Senate's Tax Amnesty Plan Could Cut It By Almost Half

A proposed bill may allow delinquents to pay only 40 percent of their unpaid basic tax

Individuals, corporations and other organizations with pending tax payments may soon be able to settle their obligations at a lesser rate after the Senate passed a tax bill rolling out an amnesty program for those who have failed to pay in taxable ...

by Elyssa Christine Lopez  | November 21, 2018 09:00:00
News and Events

High-Profile Tax Evasion Cases: Lessons for Ordinary Taxpayers

How to avoid being the target of the next Bureau of Internal Revenue (BIR) tax investigation

The Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) have been implementing their Run After Tax Evaders (RATE) program since 2005. The program aims to investigate criminal violations of the National Internal Revenue Code of 1997 and prosecute criminal ...

by Raymond Abrea  | April 11, 2018 12:00:00
News and Events

Free Lunch and Umbrellas: Some Cities are Offering Perks to Business Owners Who Renew Permits and Pay Local Taxes Early

Are the amenities enough to offset the time-consuming process of dealing with city hall?

Along with real property taxes, more commonly known as amilyar in the Philippines, local business taxes and fees for the issuance of business permits are the most important sources of revenue for many cities and towns in the country. Both are usually ...

by Pauline Macaraeg  | January 10, 2018 07:00:00
News and Events

How Many Taxpayers Will Pay Zero Income Tax Under the Duterte Tax Plan?

Most will enjoy lower tax rates but some will will face a heavier burden

By proposing to cut income tax rates for most taxpayers, the Duterte administration’s economic managers have shown a certain boldness in policymaking that goes beyond the tepid parameters of past tax reform initiatives.Since the Ramos administration’s comprehensive tax reform package in the ...

by Entrepreneur Staff  | May 17, 2017 12:00:00
News and Events

Zero Tax on Php21K Monthly Pay? Here are Jobs Likely to Benefit

The proposed increase in the threshold for income tax would be a boon for fresh grads

In a statement released Sunday, the Department of Finance (DOF) said that call center agents and employees with a monthly income of Php21,000 will be exempted from paying the personal income tax under the first package of the comprehensive tax reform plan ...

by Entrepreneur Staff  | April 24, 2017 10:00:00
News and Events

(Watch) Thanks to Last-Day Tax Rush, BIR Likely to Hit Php208B Collection Target

Tax chief says government is on track to hit April target

As thousands of taxpayers rushed to beat the deadline for the filing and payment of 2016 income tax returns yesterday, April 17, offices of the Bureau of Internal Revenue (BIR) throughout the country struggled to cope with the long lines and oversized ...

by Pauline Macaraeg  | April 18, 2017 03:00:00
Run & Grow

How SMEs and Freelancers are Cutting the Stress from Paying Taxes

Taxumo is helping entrepreneurs and the self-employed file their monthly taxes more quickly

The Taxumo team (from left) Evan Tan (Chief Marketing Officer), EJ Arboleda (Chief Executive Officer), Ginger Arboleda (Chief Operating Officer), Atty. Nelson Kevin Baldonado (Chief Legal Counsel), Mark Ong (Chief Finance Officer)As any registered business owner or self-employed person knows, paying taxes ...

by Elyssa Christine Lopez  | April 13, 2017 11:00:00
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