What do you need to do to renew your business in the Philippines? Renew Barangay Clearance Renew Mayor’s Permit Renew BIR (Bureau in Revenue) Certificate of Registration Most companies are busy during January. They not only have to whip out their tax calculator in the Philippines for the annual filing… Read MoreHere’s What You Need to Do to Renew Your Business in the Philippines
What are the things newbie doctors need to know about residency life? Residents have to pay income tax You will not earn a lot right away You are not done studying after med school You must learn about taxes When medical students are done with their internship for a year… Read MoreThings Newbie Doctors Need to Know About Residency Life
What are the steps you need to take to make sure your visa gets approved? Getting a tourist visa is quite a grueling affair. It is an experience that may not end on a happy note. In fact, there have been stories of people’s visa applications getting rejected even after… Read More3 Steps to Make Sure Your Visa Gets Approved
For Tiffany Valenzuela, her lifelong dream at first seemed to be just like that–a simple dream that was never coming into life.All her life, she just wanted one thing: to put up her own convenience store. But after getting a college degree, that dream was put on hold for her… Read MoreTaxumo Heroes: No More Excuses for this BPO Employee’s Lifelong Dream
How did the Train Law improve VAT? The Philippines has one of the highest VAT rates in the world and it is definitely a burden for a lot of enterprises. Recently, the government made revisions to it through TRAIN Law to make it less painful for them. If you’ve recently… Read MoreHow VAT is Improved Because of the TRAIN Law
TAXES – a word a lot of folks dread, and sometimes would rather set aside. Many people would agree on that; if only it is not that important. Kidding aside, all around social media, tax has been a hot topic. As the registration process keeps on getting more confusing, freelancers and… Read MoreA Comprehensive Guide to BIR Registration for Freelancers and Solopreneurs
Tax Filing for Doctors For Filipino doctors, understanding the nuances of the TRAIN Law implemented in 2018 is crucial, as it has introduced several significant adjustments to the tax landscape. This law aims to modify personal income tax rates among other tax-related changes, directly impacting medical professionals. With Taxumo’s tax… Read MoreWhat Every Doctor Should Know About the Train Law
How can you organize your business taxes in the Philippines? Go paperless Compile your receipts and invoices Set up a bank account for paying taxes Keep track of all your payment dates Many Filipino freelancers and entrepreneurs often find it difficult to organize their business taxes in the Philippines.… Read MoreHow to Be Organized with Your Business Taxes in the Philippines
Seven out of 10 businesses fail within 10 years. Sounds alarming, right? The statistic strongly resonates with Asian startups, especially in Singapore, Malaysia, and the Philippines where failure is a major cultural taboo. A CB Insights analysis found that the top reason why businesses fail (according to 42% of startup… Read MoreA 7-Step Guide on How to Validate Your Business Idea
Throughout the years, changes have been implemented to the country’s tax systems to ensure fairness and efficiency. In addition to updating guidelines for tax filing, the Bureau of International Revenue (BIR) has introduced new forms as well. Today, we’re highlighting one of the latest forms introduced by the BIR: Form… Read MoreAll You Need to Know About BIR Form 0619E (Updated 2022)