In today’s digital era, the question “Do we need to register an online business?” frequently arises among aspiring entrepreneurs ready to capitalize on the vast opportunities of the digital marketplace. Operating an online store in the Philippines comes with its set of regulatory and tax obligations, similar to traditional businesses.… Read MoreDo We Need to Register an Online Business?
The digital marketplace is booming, and with it, the number of online sellers looking to expand their businesses. However, growth often requires capital (especially during sale season like 1/1, 2/2, 3/3, etc.) and securing a business loan can be a critical step in scaling your online venture. This article is… Read MoreBusiness Loans for Online Sellers
Registering with the Online Registration and Update System (ORUS) at the Bureau of Internal Revenue (BIR) in the Philippines is a pivotal step for taxpayers aiming to manage their tax obligations online. This guide will walk you through the process of how to register at ORUS.BIR.GOV.PH, ensuring a smooth and… Read MoreHow to Register at ORUS.BIR.GOV.PH: A Step-by-Step Guide
In the digital era, the Philippine Bureau of Internal Revenue (BIR) has taken significant strides towards simplifying tax compliance and administration for taxpayers across the country. The introduction of the Online Registration and Update System (ORUS), accessible through orus.bir.gov.ph, marks a pivotal advancement in the BIR’s digital transformation efforts. This… Read MoreNavigating Tax Compliance with Ease: A Closer Look at ORUS BIR
Planning a trip to Japan? The first step to your dream vacation is to get through the visa application process successfully. To help you do just that, here’s a detailed guide on the Japan visa requirements for Philippine passport holders, especially highlighting the needs for self-employed individuals and business owners.… Read MoreNavigating Japan Visa Requirements: Guide for Philippine Passport Holders
Navigating the process of how to get TIN number for employees has been made more straightforward with the Bureau of Internal Revenue’s (BIR) introduction of Revenue Memorandum Order (RMO) 37-2019. This order revamps the policies, guidelines, and procedures related to the registration, updating, and transfer of employee information, including the… Read MoreThe Essential Guide on How to Get TIN Number for Employees
As a professional or business owner, understanding the intricacies of taxes that affect your earnings is crucial. One such tax that often prompts questions is the “professional fees withholding tax.” This withholding tax applies to earnings from professional services, and its management can significantly impact your financial health. Here’s everything… Read MoreNavigating Professional Fees Withholding Tax: A Comprehensive Guide with Taxumo
The Ease of Paying Taxes Law, or EOPT Law, has been a game-changer since its introduction. This law, formally known as Republic Act No. 11976, was officially enacted on January 5, 2024, marking a significant milestone in the world of tax compliance in the Philippines. By simplifying the process of… Read MoreUnderstanding the EOPT Law: Simplifying Tax Compliance
I’ve been a entrepreneur for the past decade of my life and I’ve seen a lot of changes in the business landscape especially with women entrepreneurs starting a business. In recent years, the entrepreneurial landscape in the Philippines has seen a promising rise in female-led startups and enterprises. Women entrepreneurs… Read MoreTips for Women Entrepreneurs Starting a Business in the Philippines
In February, Taxumo’s Tax 101 sessions ignited crucial conversations among freelancers and business owners, with a significant spotlight on taxes for online sellers. These sessions were instrumental in addressing tax matters, especially as deadlines loom and regulatory landscapes shift. Here’s a dive into the discussions that resonated most with the… Read More2024 February Recap: Taxes for Online Sellers and Guidance for Freelancers and Business Owners