This article refers to a specific tax year. For the most up-to-date and evergreen guide, please Continue Reading
Tax Compliance Tips
Sales Invoice vs Billing Invoice
(Important Note: This article is written prior to the implementation of Republic Act No. 11976 Continue Reading
Taxes Applicable to Sole-Proprietors, Freelancers, Self-Employed and Professionals
Starting your own micro-small business and freelancing job can be exciting because of the endless Continue Reading
A Complete Guide to Quarterly Percentage Tax – BIR Form 2551Q
Here in the Philippines, individuals and businesses alike are subject to taxes of different shapes Continue Reading
How to Use BIR eAFS?
Due to the COVID-19 pandemic that spread across the world, many countries have imposed quarantine Continue Reading
Benefits of 8% Gross Income Tax Rate
Are you a small business owner who feels overwhelmed by multiple taxes and complex filing Continue Reading
Income Tax Return Filing Guidelines for Taxable Calendar Year 2016
For most business owners in the Philippines, it has been a yearly tradition to think about our Continue Reading
Purchase Journal: What is it and How to Write Manually?
All business establishments registered with the Bureau of Internal Revenue (BIR) are required to Continue Reading
BIR Importer’s Clearance Certificate (BIR ICC) Application Guidelines
Last September 2, 2016, the BIR has issued a memorandum order, RMO No. 56-2016, which serve as a Continue Reading
Value Added Tax (VAT) in the Philippines – An Introduction
We may not be aware of it, VAT (Value Added Tax) is part of our life, we are paying it regularly. Continue Reading