BIR

Cryptocurrency Taxation in the Philippines: An In-Depth Guide

Cryptocurrency Taxation is a hot topic in the country. Just this month, the Bureau of Internal Revenue (BIR) and the Department of Finance (DOF) both released statements on taxing cryptocurrencies. And, of course, this caused quite a stir in the crypto community. Hopefully, with the webinar and the article, we’re… Read More »Cryptocurrency Taxation in the Philippines: An In-Depth Guide

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?

What You Should Know about TRAIN

  • Evan Tan 

On January 1, 2018, the Tax Reform for Acceleration and Inclusion or TRAIN was implemented in the Philippines. This tax reform program aims to improve the tax system and make it simpler, fairer, and more efficient. As a dutiful taxpayer, it’s important to be aware of TRAIN, especially of the new… Read More »What You Should Know about TRAIN

guide to 0619e

All You Need to Know About BIR Form 0619E (Updated 2022)

Throughout the years, changes have been implemented to the country’s tax systems to ensure fairness and efficiency. In addition to updating guidelines for tax filing, the Bureau of International Revenue (BIR) has introduced new forms as well.  Today, we’re highlighting one of the latest forms introduced by the BIR: Form… Read More »All You Need to Know About BIR Form 0619E (Updated 2022)

A Comprehensive Guide to BIR Forms for Freelancers and Sole Proprietors

As a freelancer or a sole proprietor, filing BIR forms and settling your taxes is your responsibility.

Knowing the right forms to secure and when they should be filed will save you from a lot of stress and penalties. So for today’s post, we’re giving you the ultimate list of BIR forms that every taxpayer should know.

Here we go.

Read More »A Comprehensive Guide to BIR Forms for Freelancers and Sole Proprietors

Basic Types of Taxes Every Proprietor and Professional Needs to Pay to the BIR

  • Evan Tan 

Basic Taxes Every Proprietor and Professional Needs to Pay to the Bureau of Internal Revenue

Many of us who start a business come from a regular employment setting.  So when we decide to register our business with the Bureau of Internal Revenue (BIR), it comes as a shock when we learn that there are several types of taxes.

Yes, aside from income tax, there are other types of taxes that a business owner needs to pay–and that they need to file various tax forms many times a year.

Of course, we can’t spare you the payments, but we can at least spare you the shock.

Here, for your reading pleasure, are all the basic types of taxes and fees every professional or business owner needs to pay once they have registered with the BIR:

Read More »Basic Types of Taxes Every Proprietor and Professional Needs to Pay to the BIR