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Navigating Japan Visa Requirements: Guide for Philippine Passport Holders

Planning a trip to Japan? The first step to your dream vacation is to get through the visa application process successfully. To help you do just that, here’s a detailed guide on the Japan visa requirements for Philippine passport holders, especially highlighting the needs for self-employed individuals and business owners.… Read MoreNavigating Japan Visa Requirements: Guide for Philippine Passport Holders

Navigating Professional Fees Withholding Tax: A Comprehensive Guide with Taxumo

As a professional or business owner, understanding the intricacies of taxes that affect your earnings is crucial. One such tax that often prompts questions is the “professional fees withholding tax.” This withholding tax applies to earnings from professional services, and its management can significantly impact your financial health. Here’s everything… Read MoreNavigating Professional Fees Withholding Tax: A Comprehensive Guide with Taxumo

Why Is 2024 the Perfect Time to Go Legit as a Freelancer in the Philippines

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

BIR Penalty Computation - Understanding the Changes Under the New EOPT Law

BIR Penalty Computation – Understanding the Changes Under the New EOPT Law

The Ease of Paying Taxes (EOPT) law, effective from January 22, 2024, brings significant changes to how the Bureau of Internal Revenue (BIR) classifies taxpayers and changes in the BIR penalty computation, aiming to simplify tax administration and ensure equitable treatment for all. This guide explores the implications of these… Read MoreBIR Penalty Computation – Understanding the Changes Under the New EOPT Law

BIR Taxpayer Classification Under the New Revenue Regulation No. 8-2024

BIR Taxpayer Classification Under the New Revenue Regulation No. 8-2024

The Bureau of Internal Revenue (BIR) of the Philippines has recently enacted Revenue Regulation No. 8-2024, marking a significant shift in the BIR taxpayer classification system. This regulation, effective from March 22, 2024, aligns with the provisions of Section 21(b) of the National Internal Revenue Code of 1997, as amended… Read MoreBIR Taxpayer Classification Under the New Revenue Regulation No. 8-2024