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
In our organization, we always have exercises on goal planning. We love thinking about how we could have done things differently and how we could do things better moving forward. And with all of these business introspection, what we have constantly done is to finish our year strong! The #FinishStrong… Read More#FinishStrong: Ending your Business Year Right (and Filing your Annual ITR on time!)
Hello, once again! We’re back with another How To Use Taxumo Article and in this blog post, we will teach you how to set up your Company Information in Taxumo. Setting up our Company Information is very easy. You will have a guide at the left side of your screen.… Read MoreTaxumo How To’s: Setting up your Company Information in Taxumo
Creating a User Account in Taxumo When I started my business, I didn’t know how to pay my taxes as a business owner. This made me feel uneasy. I thought the only solution was just not to pay it (since I couldn’t afford paying an accountant — a decent one… Read MoreTaxumo How To’s: Creating a User Account in Taxumo
Hi, everyone! We just want to make a quick announcement. As most of you would know, the Annual Income Tax Return Deadline for 2018 (previous year) will be on April 15. Taxumo’s deadline is earlier and our deadline will be on April 10. As of now, we are still waiting… Read MoreFile and Pay your Income Tax Return for 2018 (1701) via Taxumo!
If you’ve been following the news recently, you would know that Congress unanimously approved House Bill No 4814 or The Real Estate Tax Amnesty Bill.
Anyone who owns real estate properties will find this significant to them. It is a tax amnesty on real estate taxes.
Before delving into the content of the Real Estate Tax Amnesty Bill, it is noteworthy to explain certain legal concepts.
The nature and characteristic of Value Added Tax (VAT) is that it is a “business tax levied on the value added on certain goods, properties and services in the domestic market and/or importer of goods” The case of Tolentino v. Secretary of Finance shows the nature of Value Added Tax.… Read MoreA little bit of this and a little bit of VAT (Value Added Tax)