Upwork VAT for Filipino freelancers If you’re a freelancer in the Philippines using Upwork, you’ve probably seen the recent announcement about a 12% VAT charge starting June 1, 2025, unless you provide a valid VAT ID. This raised understandable questions from the community: Let’s break it down—based on what Philippine… Read MoreWhat Filipino Freelancers Need to Know about Upwork and VAT
The Bureau of Internal Revenue (BIR) recently released new rules that affect digital service providers (DSPs) through Revenue Regulations (RR) No. 3-2025 and its amendment, RR No. 14-2025. These regulations explain how the 12% Value-Added Tax (VAT) now applies to digital services in the Philippines. If you run a digital… Read MoreUnderstanding BIR Revenue Regulations 3-2025 and 14-2025: VAT on Digital Services in the Philippines
Starting your business journey? Wondering on what to begin with when you want to pay taxes? Whether you’re a freelancer, a sole proprietor, or starting a corporation, getting your COR (Certificate of Registration) is one of the first—and most important—steps you need to complete. In this guide, we’ll walk you… Read MoreHow to Get COR: Certificate of Registration from the BIR (Updated 2025)
In a move that promises to empower more Filipino entrepreneurs, Taxumo has partnered with BPI Business Banking to streamline access to BPI business loans for micro, small and medium enterprises (MSMEs). Through this partnership, Taxumo subscribers—whether registered professionals, sole proprietors, partnerships or corporations—can now apply for BPI Ka-Negosyo Loans directly… Read MoreTaxumo and BPI Business Banking Partner to Give SMEs Faster Access to BPI Business Loans
Missed the deadline for your Annual Income Tax Return Filing? No worries—you can still catch up! Whether you’re filing late or starting on time, Taxumo makes the process easy. Its “Prepare and File” tool helps freelancers, small business owners, and even corporations file their income tax returns whether if it’s… Read MoreLate Annual Income Tax Return Filing: How Taxumo Can Help
It’s important to understand ATC and how they affect your taxes. The List of BIR ATC (Alphanumeric Tax Codes) helps you figure out the right withholding tax rates and forms you need. Here’s a simple guide to help you understand it better. What is BIR’s ATC (Alphanumeric Tax Code) An ATC (Alphanumeric… Read MoreList of BIR ATC for Income Tax Filing and Withholding Tax
If you’re running out of time or just looking for a simple way to compute your taxes accurately, a digital income tax calculator in the Philippines—like the one offered by Taxumo—can help you save time, minimize errors, and file with confidence. What Is a Digital Income Tax Calculator? If you’re short on… Read MoreHow to Use a Digital Income Tax Calculator in the Philippines (with Taxumo)
One of the most important taxes companies need to pay is the corporate income tax. But don’t worry—understanding how corporate income tax rates work and how the CREATE Act affects your tax rate can help you make better decision and save money, and plan ahead more strategically. What is Corporate Income Tax? Corporate… Read MoreCorporate Income Tax Rates in the Philippines for 2025
Life gets busy, and with so many things to juggle—work, family, bills—it’s easy to forget about taxes. But missing tax deadlines can lead to penalties, stress, and unnecessary expenses. That’s why staying on top of your taxes isn’t just about compliance—it’s also a smart financial habit. So how do we avoid… Read MoreWhy Tax Filing Deadline Reminders Keep You Financially on Track
Needless to say, running a business in the Philippines comes with a number of complex, complicated, and unique financial challenges—from managing taxes to keeping track of daily expenses, to name a few. So, whether you’re a small business owner, freelancer, or running a growing enterprise, having an efficient accounting system… Read MoreWhich Accounting Tools Work Best for Filipino Business Owners?