After

Feb 12, 20211 min read

A Guide to Filing Quarterly Percentage Tax (BIR Form 2551Q)

Percentage Tax is a tax regulated in the Philippines imposed on individuals or businesses that engage in the sale, barter, exchange or...

Jan 27, 20212 min read

Penalties for Non-renewal or Late Business Permit Renewal

Whether Sole Proprietor, Partnership, or Corporation, all business entities must renew their business permits according to the...

Jan 27, 20212 min read

Tax Avoidance vs Tax Evasion

Most people may confuse themselves that tax avoidance and tax evasion are similar to one another, but they have totally different...

Jan 26, 20213 min read

Penalties for Late Payment of Tax in the Philippines

Reference: https://medium.com/teemwurk-inc/faqs-on-tax-penalties-3d30a20aad65 The tax system of the Philippines is on a “pay as you file”...

Jan 13, 20213 min read

Overview of Income Taxation in the Philippines

This post provides an overview of income taxation in the Philippines with the applicable graduate income tax rates under Section 21(A)(2)...

Jan 13, 20215 min read

Filing and Paying BIR Income Taxes for Sole Proprietors

After successfully registering your business with the Bureau of Internal Revenue (BIR), you will be subject to quarterly and annual...

Jan 13, 20213 min read

Filing and Paying Income Tax Returns for Individuals Using the Offline eBIRForms Package

The Electronic Bureau of Internal Revenue Forms (eBIRForms) was developed primarily to provide taxpayers with an alternative mode of...

Jan 13, 20214 min read

Documents Needed to be Filed or Renewed Regularly

Business Permits or Licenses, just like our own personal ID or license, are also required to be renewed. Regardless if your business is a...

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