Donations can help lower your taxes. This is because the Philippine tax code provides incentives for charitable giving through tax rebates. Here are the steps on how to avail the tax rebate via donations: Choose a qualified donee organization – To avail of the tax rebate, your donations must be… Read MoreDoing Good Is a Rewarding Experience. But, Did You Know It Can Also Help Lower Your Taxes?
Understanding the different types of taxes: In the Philippines, there are different types of taxes such as income tax, value-added tax (VAT), estate tax, and donor’s tax. Understanding these taxes and their corresponding rates can help you plan your finances better. Taxable income: Taxable income is the amount of income… Read MoreThese Are the Tax Tips You Wish
They Taught You in School
Starting a business can be exciting, but it can also be overwhelming, especially when it comes to registering your business in the Philippines. In this blog post, we will discuss the basics of business registration in the Philippines and provide reliable sources for more information. First and foremost, it’s essential… Read MoreIts 2023: Do You Still Need to Leave Your House to Register a Business?
The Bureau of Internal Revenue (BIR) requires individuals and businesses to file various tax forms throughout the year. The specific forms required to be filed will depend on a number of factors, including the type of taxpayer, the nature of their income, and the period being reported. For Q2 of… Read MoreThe Complete List of BIR Forms You Need to Know for the 2nd Quarter of 2023
Not to toot our own horn, but Filipino taxpayers like us — they really like us! Currently, there are over 70,000 people who use Taxumo and over 60% of those are women! Below are some of the reasons why savvy Filipino taxpayers choose to automate their taxes and trust us… Read MoreCan You Really Do Your Taxes Even if You’re on Vacation?
YES! In this blog, you will have two (2) key takeaways; The advantages of filing your Annual Income Tax Return in advance The quick and more affordable way of filing Annual Income Tax Return As a Filipino taxpayer, it’s important to understand the advantages of submitting your Annual Income Tax… Read MoreIs There a Quick and Easy Way to File My Annual Income Tax Return in Advance?
In recent years, freelancing has become a popular career choice for many Filipinos. With the rise of technology and the internet, more and more businesses are turning to freelancers for their needs. As a freelancer, you can work from the comfort of your own home or from anywhere in the… Read MoreShould You Really Explore Being a Freelancer?
In this blog, we will talk about how you can stay compliant while chasing your career goals! If you have been fortunate to land two (2) career opportunities in 2022, big congratulations to you! What happens next? If you’re a Filipino employee, it’s important to be familiar with BIR Form… Read MoreIf You Switched Jobs Last Year This Blog Is Made for You
It’s that time of year again where we start thinking about our annual income tax return. As a taxpayer in the Philippines, it’s important to know the different forms you may need to file to and to make sure you file your returns accurately and on time. Let’s go through… Read MoreThe Complete List of All the BIR Forms You Need to Know for Q1 & Q2 2023
It’s that time of the year again! Time to start preparing for your annual income tax return. Filing your taxes can be overwhelming, but it’s an important responsibility as a citizen. This year, the deadline for filing your income tax return in the Philippines is April 15, 2023. In this… Read MoreYour 2023 Guide to Master Annual Income Tax Return Filing in Under 5 Minutes