As April 15th swiftly approaches, a date well-known for the annual trip to the Bureau of Internal Revenue (BIR) looms for many Filipinos. But imagine a scenario where you could bypass the tedious queues, avoid the last-minute rush, and even enjoy some attractive financial benefits. This is the advantage of… Read MoreFiling Your Annual ITR Early: A Smart Move for 2024
A Guide to Filing Your 2024 ITR in the Philippines April 15th, 2024, may seem distant, but for tax-savvy Filipinos, it’s never too early to start preparing. This comprehensive guide to filing your 2024 ITR will set you on the path to a smooth and efficient tax season. Gear Up… Read MoreA Guide to Filing Your 2024 ITR in the Philippines
Taxumo partners with Cebuana Lhuillier to empower MSMEs by providing comprehensive financial solutions to businesses in the Philippines. Managing a business for owners of micro, small, and medium enterprises (MSMEs) can be crucial as they try to balance numerous aspects such as operations, product development, sales, marketing, and more. However,… Read MoreTaxumo partners with Cebuana Lhuillier to make BizLoans easier for MSMEs
Hello, April! April is also one of the busiest months here at the Taxumo Headquarters. And, you probably know the reason why… it’s because everyone’s thinking about their ITR. Everyone’s scrambling and asking us how to prepare, file and pay for their Annual Income Tax. With this, to help… Read MoreHow to File Your Annual ITR (1701A or 1701 or 1700) Using Taxumo
The Ease of Paying Taxes Act (EOPT) marks a significant milestone in the government’s commitment to modernize tax administration, enhancing the ease of paying taxes for businesses and individuals alike. This groundbreaking legislation underscores the shift towards digitalization, simplifying tax payment processes and fostering a more efficient tax collection system.… Read MoreA Simplified Guide to the Ease of Paying Taxes Act (EOPT) for Small Business Owners
Taking on a new career path as your own boss, whether as a freelancer, licensed professional, or entrepreneur, is thrilling. To ensure your financial affairs start on the right foot, a crucial initial step is to transfer your RDO – moving it from your employer’s RDO to one that reflects… Read MoreUltimate Guide to Transfer RDO in the Philippines
We all know how our government loves abbreviations… BIR, DTI, LGU, etc. One of the abbreviations that we need to know about is RDO, and this is the BIR RDO. Every taxpayer in the Philippines is assigned to a specific Revenue District Office (RDO), an essential arm of the Bureau… Read MoreYour Guide to Navigating BIR RDO for Tax Compliance
Most freelancers in the Philippines send us messages like the image above: they have no idea how to start turning their freelancing hustle into a legitimate business. If you’re a beginner freelancer, you understand perfectly well that the question of tax registration can feel like a hassle! But what… Read MoreWhy Is 2024 the Perfect Time to Go Legit as a Freelancer in the Philippines
Navigating the complexities of tax filing can seem daunting for many, especially for freelancers in the Philippines. However, with the right guidance, this process can be simplified, making your tax filing journey in 2023 a breeze. Our Filipino Freelancer Tax Guide 2023 is designed to provide you with all the… Read MoreFilipino Freelancer Tax Guide 2023: File Your ITR this 2024
Percentage Tax in the Philippines is a tax applied to certain transactions. It’s important to note that this is not an income tax—it’s a separate tax specifically tied directly to your sales or revenue, also known as a sales tax. But don’t worry, it’s simple to calculate and file, and… Read MorePercentage Tax: How to Compute and File for it