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Taxation in the Philippines: What to Expect in 2025

Taxation in the Philippines: What to Expect in 2025

Before concluding 2024, here are the key taxation changes in the Philippines that every business should know before entering 2025. The year 2025 is poised to usher in significant developments in Philippine taxation, which is reflective of the government’s ongoing efforts to streamline tax administration, stimulate economic growth, and promote… Read MoreTaxation in the Philippines: What to Expect in 2025

BIR Certificate of Registration Guide: What is Form 2303 and Why Do You Need It?

Whether you’re a freelancer or a business owner, obtaining a BIR registration certificate is a must for you. Also known as BIR Form 2303 and Certificate of Registration (COR), this type of document gives you the legal rights to operate your business in the Philippines. All professionals licensed by the Philippine… Read MoreBIR Certificate of Registration Guide: What is Form 2303 and Why Do You Need It?

Why Freelancers and Solopreneurs Need to Pay Income Tax in the Philippines

There’s nothing more liberating than becoming a bonafide freelancer or business owner. But with great freedom comes big responsibilities, and one of them is settling your income tax in the Philippines. You might get the feeling that filing taxes may not apply to you anymore since you’re no longer working… Read MoreWhy Freelancers and Solopreneurs Need to Pay Income Tax in the Philippines

BIR Online Filing Guide: How Filipino Freelancers can Register for Taxes

Freelancing can be a life-changing experience. You get to enjoy cool perks like having control over your income and independence. But when it comes to BIR online filing, you might have lots of questions to ask. Registering your gig with the BIR is an absolute must if you want your career… Read MoreBIR Online Filing Guide: How Filipino Freelancers can Register for Taxes

A Comprehensive Guide to BIR Registration for Freelancers and Solopreneurs

TAXES – a word a lot of folks dread, and sometimes would rather set aside. Many people would agree on that; if only it is not that important. Kidding aside, all around social media, tax has been a hot topic.  As the registration process keeps on getting more confusing, freelancers and… Read MoreA Comprehensive Guide to BIR Registration for Freelancers and Solopreneurs

TRABAHO: Train Law Package 2 and Its Expected Effects

What can you expect from the Train Law Package 2? Decrease corporate income tax Regulate fiscal incentives Attract better and high-quality opportunities   It hasn’t been that long since the first package of the current administration’s Comprehensive Tax Reform Program (CTRP) was passed into law. The Tax Reform for Acceleration… Read MoreTRABAHO: Train Law Package 2 and Its Expected Effects

Tax Filing 101: 4 Mistakes You Shouldn’t Make

What mistakes should be avoided when filing freelance taxes in the Philippines? Presenting incomplete and incorrect data Miscalculating the tax due Not declaring every income earned Missing the deadline Filing taxes as a freelancer in the Philippines can be difficult and confusing. Plus, the introduction of the TRAIN law certainly doesn’t help… Read MoreTax Filing 101: 4 Mistakes You Shouldn’t Make

4 Great Reasons Why Filing Taxes Will Benefit Your Life (For a Self-Employed Professional)

Contemplating if a Self-employed professional like you should pay taxes? Self-employed professionals as defined by the BIR fall under two categories: (1) “persons who derive their income practicing their profession” like lawyers, and those registered with the Professional Regulation Commission (PRC) such as doctors, dentists, certified public accountants, and others;… Read More4 Great Reasons Why Filing Taxes Will Benefit Your Life (For a Self-Employed Professional)