What You Need to Know About the New Expanded Withholding Tax (BIR Form 1604E)

BIR Form 1604E is also know as your Annual Information Return of Creditable Income Taxes Withheld (Expanded)/ Income Payments Exempt from Withholding Taxes. Sounds like a mouthful, right? Now let’s dissect that one by one. Withholding tax, in a nutshell, is the income tax liability deducted by the withholding agent… Read More »What You Need to Know About the New Expanded Withholding Tax (BIR Form 1604E)

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 More »BIR 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

  • Evan Tan 

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