There is a misconception that you only have to file your income tax returns annually in the Philippines, but this is not the case. Both individuals (e.g., sole proprietors, freelancers, etc.) and non-individuals (corporations, partnerships, etc.) have to file quarterly returns as well. And, in this guide, we’ll discuss how… Read More »BIR Form 1702Q: The Complete Guide To Filing
When someone mentions Income Tax, the first thing that pops up in people’s heads is the Annual Income Tax Return which is filed each year on April 15. But, sometimes taxpayers often forget that they will also need to file income tax quarterly through BIR Form 1701Q What is BIR… Read More »How to File BIR Form 1701Q : A Step-by-step Guide for Self-Employed Individuals and Sole Proprietors
The BIR Form 1700 is the form you file as an employee earning PURELY from your employment. In this article, I’ll walk you through the basics and then into the nitty-gritty of filing this form. Why do I have to file my income tax? Isn’t my employer supposed to do… Read More »How to File a BIR Form 1700
Filing and paying taxes can be a dreading task, especially if you’re going to do it manually. Because of this, our government launched eFPS, a system that lets taxpayers file and pays their taxes online. The eFPS or Electronic Filing and Payment System is developed and maintained by the BIR.… Read More »How to File Your Taxes via eFPS
Since October 2014, filing tax returns through eBIRForms has become mandatory for non-eFPS (Electronic Filing and Payment System) taxpayers and Accredited Tax Agents. This is true whether or not they are going to use an online tax calculator in the Philippines. Take note, however, that Taxumo is a great alternative… Read More »How to Use eBIRForms to File Your Taxes Online
Congratulations! You’ve finally decided to resign from your job and go full time into your profession. Whether you’re going to become a freelancer, a licensed professional, or a small business owner, you’re now your own boss! Now to make sure that things are on the up and up, the first… Read More »How to Transfer Your RDO Using BIR Form 1905
If you are a business owner, professional, OFW or a voluntary contributor, you are very well aware of the hassle of paying for your Social Security System (SSS) contributions. Because if you were an employee before, you didn’t really have to think about all that because your employer took care… Read More »11 Easy Steps to Pay Your SSS Contributions Online (And Generate PRNs Too!)
In this article, we’ll discuss the difference between eBIRforms and Taxumo, Philippines’ popular online tools for tax filing. With the annual income tax season heating up, people are scrambling to find an easy way to file and pay their taxes. Since we’re in the middle of a pandemic, you shouldn’t… Read More »eBIRForms or Taxumo: Which Is The Best Tax Software For You?
Hello, April! April is also one of the busiest months here at the Taxumo Headquarters. And, you probably know the reason why. Everyone’s scrambling and asking us how to prepare, file and pay for their Annual Income Tax. With this, to help you understand the 101s on filing your Annual… Read More »How to File Your Annual ITR (1701 or 1701A or 1700) Using Taxumo
If you employ a few people, you know how much of a hassle it can be to file form 1601C’s every month. And the more employees you have, the more complicated it all gets. With MSMEs in the Philippines employing an average of 3 people per business, we decided that… Read More »All-New Feature: File BIR Form 1601C on Taxumo