Taxation in the Philippines keeps undergoing major changes. And whether you’re handling your own taxes or not, it’s your responsibility to remain informed on how your taxes are being calculated. The TRAIN law, for one, has updated tax computations and filing. One change we’re highlighting today is the revised BIR… Read More »How to File BIR Form 2551Q (Quarterly Percentage Tax)
File BIR VAT forms 2500M and 2550Q online with Taxumo. No need to print forms or line up at a bank. Read our guide below to get started. BIR VAT forms 2550M and 2550Q applies to the sale or exchange of goods and services in the Philippines. Both forms serve… Read More »How to File BIR VAT Forms: 2550M and 2550Q Online
Freelancers and small business owners are not exempt from paying taxes. You also have to file and settle your tax forms, especially the BIR form 1701 (note that this is not the ONLY form that you need to file and pay for). The only difference from employees is that you… Read More »How to File The BIR Form 1701 and Settle Your Income Tax Return
When someone mentions Income Tax, the first thing that pops up in people’s heads is the Annual Income Tax Return which is filed each year on April 15. But, sometimes taxpayers often forget that they will also need to file income tax quarterly through BIR Form 1701Q What is BIR… Read More »How to File BIR Form 1701Q : A Step-by-step Guide for Self-Employed Individuals and Sole Proprietors
Filing and paying taxes can be a dreading task, especially if you’re going to do it manually. Because of this, our government launched eFPS, a system that lets taxpayers file and pays their taxes online. The eFPS or Electronic Filing and Payment System is developed and maintained by the BIR.… Read More »How to File Your Taxes via eFPS
Since October 2014, filing tax returns through eBIRForms has become mandatory for non-eFPS (Electronic Filing and Payment System) taxpayers and Accredited Tax Agents. This is true whether or not they are going to use an online tax calculator in the Philippines. Take note, however, that Taxumo is a great alternative… Read More »How to Use eBIRForms to File Your Taxes Online
Hello, April! April is also one of the busiest months here at the Taxumo Headquarters. And, you probably know the reason why. Everyone’s scrambling and asking us how to prepare, file and pay for their Annual Income Tax. With this, to help you understand the 101s on filing your Annual… Read More »How to File Your Annual ITR (1701 or 1701A or 1700) Using Taxumo
Tattoo artist, illustrator, and Taxumo community member Wiji Lacsamana envisions a brighter future after the Covid-19 pandemic, and muses on how we can pick ourselves up from this challenge, and take the opportunity to create a better world. She shares her story below: I am Wiji Lacsamana, 35, based in… Read More »“We All Need One Another.” Freelance Tattoo Artist & Illustrator Wiji Lacsamana Believes Closer Collaboration is the Future: #ATimeForHOPE Special Feature
Photo taken by Elizabeth Cabida The road to becoming a freelance artist wasn’t straightforward for GloriAnne Rose Dairo. While she originally considered taking a degree in Fine Arts, her parents’ discouragement led her to take Aviation Technology instead at PATTS College of Aeronautics. However, the job hunt after graduation… Read More »“You’re Scared? That’s Good.” How Freelance Artist Glori Dairo Faces Her COVID-19 Challenges: #ATimeForHOPE Special Feature
SMEs are mostly hit during a time of crisis – whether it’s economic or health in nature. For one, the Coronavirus pandemic has prompted the government to extend the Luzon lockdown. Add to that is the challenge to file and pay the annual income tax return or ITR on time.
Read More »How to Make your Business Covid-19 Proof (And Still Pay Your BIR Annual Income Tax)