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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
Run & Grow

Oh No, It's Tax Season: The Best Online Tax Filing Apps

Because it's time to pay our taxes

April not only heralds the arrival of the summer season. For accountants, in particular, it’s also the start of yet another tax season. The 15th of April is the annual deadline for the filing of internal tax revenue (ITR), simply known as ...

by Elyssa Christine Lopez for Esquire Philippines  | April 10, 2019 04:00:00
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
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

Call It TRAIN 2 or TRABAHO, Small Businesses Stand to Benefit From Lower Corporate Income Taxes

New tax reform bills aim to reduce income taxes on companies from 30% to 20-25%

The second package of the Comprehensive Tax Reform Package is back in the spotlight after President Rodrigo Duterte urged its approval in his third State of the Nation Address. According to the President, Package 2 will benefit all businesses especially small and ...

by Raymond Abrea  | August 22, 2018 10:00:00
Franchising

Want to Get into Franchising? Here's a Guide to Taxes You Must Consider

A leading tax expert says it's better to be safe than be sorry when it comes to business taxes

The economic gains and opportunities contributed by the fast-growing micro, small, and medium enterprises (MSMEs) are undeniable. As of 2016, MSMEs comprised 99.57 percent of the businesses in the country, contributing 63.3 percent of the employment for the same year.Under the Duterte ...

by Mon Abrea  | August 14, 2018 01:00:00
News and Events

BIR Opens eFiling Center for Taxpayers Who Want to Submit Tax Returns Digitally

The center is open until Monday, April 16, including this Saturday, April 14

Taxpayers who are eligible and/or required to file their tax returns electronically can now do so through the National Office eFiling Center, an initiative by the Bureau of Internal Revenue (BIR) to help citizens pay for their taxes digitally.“The said eFiling Center ...

by Lorenzo Kyle Subido  | April 11, 2018 04:00:00
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

How Many Taxpayers Were Caught Up in the Gov’t Anti-Tax Evasion Drive?

Only a few of the companies charged belonged to the country’s top 1,000 corporations

Every now and then, there’s a news report about a prominent person or a well-known company being charged by the Bureau of Internal Revenue (BIR) with failing or refusing to pay taxes to the government.Perhaps this should no longer come as a ...

by Pauline Macaraeg  | April 10, 2018 09:00:00
News and Events

Are You a VAT Taxpayer Earning Php3-M or Less? You Have Until March 30 to Change Status

Otherwise, you're still covered by 12% VAT and lose the option to pay just 8% income tax on gross sales/receipts

Under the Tax Reform for Acceleration and Inclusion (TRAIN) Law that came into effect this year, the threshold for the value added tax (VAT) was raised to Php3 million from Php1.919 million.This presents a special opportunity for a class of taxpayers who ...

by Pauline Macaraeg  | March 20, 2018 10:00:00
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