Taxumo Lifeline
Taxumo Lifeline helps entrepreneurs with dormant businesses (those with ZERO income, ZERO expenses, and ZERO Withheld Tax) keep their records updated with the BIR.
No income but don’t want to shut down your business? This is the solution for you!
When you and your business need to rest and you don’t want to quit, Taxumo Lifeline will handle it: our autopilot system will automatically file the zero-amount tax forms you need to file.
Taxumo Lifeline helps entrepreneurs with dormant businesses (those with ZERO income, ZERO expenses, and ZERO Withheld Tax) keep their records updated with the BIR.
Simply subscribe, and your tax filing will be automatically done for you, for one whole year!
Got a new client or customer? Finally received your check from that freelance job that hasn’t paid you in months? Ready to go back after your long vacation? No problem! Simply upgrade your Taxumo account and you can go back to filing the normal way.
Let your business get the life support it needs with Taxumo Lifeline.
Taxumo Lifeline
₱200
per month(billed annually)
Includes the following features:
Automated ZERO AMOUNT filings for:
- Percentage Tax (2551Q)
- Income Tax (1701Q/1701A/1701/ 1702)
- 2nd Annual ITR Payment (0605)
- Expanded Withholding Tax (0619E, 1601EQ, 1604E)
- Value Added Tax (2550M, 2550Q)
- Compensation (1601C)
Books of Accounts Report
Up to 2 delegates
Frequently Asked Questions
What is Taxumo Lifeline?
Taxumo Lifeline is a subscription that is specifically created for dormant businesses. It helps these businesses including those with ZERO income, ZERO expenses, ZERO Withheld Tax, keep their records updated with the BIR by filing automatic zero-forms.
How is it different from the existing Taxumo Subscription Plans?
If you have a Taxumo Lifeline Subscription, Taxumo will, by itself, automatically file tax forms for you that show 0 income, 0 expenses, 0 withholding taxes. You select which tax forms you want to file. This is perfect for the business that had to be put on hold for a while. If you have any income, any expenses, or any withheld taxes you want reported in your tax submissions, the other Taxumo subscriptions would be more suitable for you.
What are the forms that I can file?
Following are the forms that you can activate for automatic filing in Taxumo Lifeline:
- Income Tax Forms (1701/1701A/1701Q and 1702 for corporate entities)
- Percentage Tax (2551Q)
- Expanded Withholding Tax (0619E, 1601EQ, 1604E)
- Value Added Tax (2550M, 2550Q)
- Withholding Tax for Compensation (1601C)
- 2nd Annual ITR Payment (0605).
How much is the subscription to Taxumo Lifeline?
The cost of the Taxumo Lifeline subscription is ₱200 per month billed annually or a total of ₱2,400 one-time payment for a 12 month subscription.
What if I already have an income and ready to declare my income and expenses?
Congratulations on successfully bouncing back! Since Taxumo Lifeline can only be used for zero-filings, you will need to shift into the regular Taxumo subscription plans.
