Filing taxes can be tricky, especially when it comes to requirements that aren’t fully explained, like the .DAT file. If you’ve filed tax forms like 1601-EQ, 1604-E, or other withholding tax forms, chances are you’ve been asked to compile this file using the BIR Excel Uploader. In this guide, we’ll help you understand:… Read MoreHow to Make a BIR DAT File Without Using the BIR Excel Uploader
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
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
With 2024 coming to a close, business owners are wrapping up sales and year-end campaigns. But as the year comes to a close, it’s also time to start preparing for the Requirements for Renewal of Business Permit for next year. To keep your business running smoothly, here’s a simple checklist… Read MoreRequirements for Renewal of Business Permit – What to Prepare?
If you’re familiar with the basics of tax compliance in the Philippines, you’ve probably heard of the BIR eSales system. But what exactly is it, and how does it work? Let’s break it down in a simple way. How Does BIR eSales Work? The BIR eSales system is an online… Read MoreWhat Is BIR eSales And How Does It Work?
How to get your BIR Form 2303 And who needs to claim it? Are you starting a business or practicing a profession in the Philippines? One of the tasks you’ll have to handle is getting yourself registered with the Bureau of Internal Revenue (BIR) and securing your Certificate of Registration… Read MoreBIR Form 2303 – How to Get Your BIR Certificate of Registration
BIR has released RMC 87-2024 to clarify some questions regarding Filing and Paying of Taxes under the system of Ease of Paying Taxes. Let’s take a look at the various methods available for taxpayers to file their tax returns, depending on their enrollment status and the availability of electronic platforms.… Read MoreFiling and Paying Taxes on eFPS Under Ease of Paying Taxes (RMC No. 87-2024)
Good news Online Sellers! According to RMC 79-2024, BIR is extending the deadlines for Online Sellers to register their business through BIR until October 12, 2024. With the deadline extension, here’s what you need to know to prepare for operating your business legitimately. Business Registration It’s important to understand that… Read MoreOnline Sellers Get Extra Time to Register for Taxes as BIR Extends Deadline (RMC 79-2024)
BIR released a new memorandum regarding the invoice compliance for VAT and Non-VAT taxpayers. Let’s take a look on some of the details on how to issue your invoice if you’re a VAT of Non-VAT business. Invoice Compliance and Requirements According to RMC 77-2024, businesses are now required to issue… Read MoreClarifying Invoice Requirements for VAT and Non-VAT (RMC 77-2024)