Selling on Lazada has never been easier. It’s as simple as ABC!
- Access millions of customers all over the country
- Build your brand online with Lazada
- Create your store, secure your supplies – Lazada does the rest
Start strong by registering your business and staying on top of your taxes. Lazada & Taxumo is here to help you every step of the way as you grow your business!
Be a Legit Lazada Seller — Register Your Business Today
We’ll take care of your business registration, so you can start selling on Lazada — get 15% off with your coupon at checkout!
What I Should Know About Business Registration & Taxes As An Online Seller
If you’re earning less than ₱3 million a year, you can register as a Sole Proprietor. You can also choose how you want to pay your taxes:
1. 8% Flat Tax: Pay a simple 8% income tax rate based on your gross income.
2. Graduated Tax Rates: Pay a percentage of your sales as tax, with the tax rate increasing as your income gets higher. Under this setup, you can choose one of two types of deductions:
Itemized Deductions: List down your actual business expenses—like office supplies, rent, or utilities—to lower your taxable income. Just make sure to keep your receipts.
Optional Standard Deduction (OSD): Automatically consider 40% of your gross income as expenses, while the remaining 60% will be considered your taxable income.
If your gross sales exceed ₱3 million, you are required to register for VAT (Value-Added Tax). While this doesn’t automatically mean you must register as a corporation, there are benefits to doing so.
Registering as a corporation can help protect your personal assets, offer tax benefits, and make your business look more credible to clients and investors. It also makes it easier to raise money if needed.
However, whether or not you should register as a corporation depends on your business goals. It’s a good idea to talk to a tax professional to help you decide what’s best for your business.
Want to get advise before registering to Corporation? Get a tax consultation here:
https://marketplace.taxumo.com/
If you’re a sole proprietor, you’ll need to register with:
- DTI (Department of Trade and Industry) for your business name.
- LGU (Local Government Unit) for your business permit.
- BIR (Bureau of Internal Revenue) to pay taxes.
If you’re registering as a corporation, you don’t need to go through DTI. Instead, you’ll register with:
- SEC (Securities and Exchange Commission) for your corporate name and other necessary documents.
- LGU for your business permit.
- BIR for your tax obligations.
After registering your business, you’ll need to:
- Issue official receipts or sales invoices to your customers or clients for each transaction.
- File your tax returns on time to stay compliant.
- Pay your taxes to BIR (you can do this easily with Taxumo!).
- Maintain your books of accounts for accurate records.
- Renew your business with LGU every year to keep your permit active.
