BIR has released RMC 87-2024 to clarify some questions regarding Filing and Paying of Taxes under the system of Ease of Paying Taxes. Let’s take a look at the various methods available for taxpayers to file their tax returns, depending on their enrollment status and the availability of electronic platforms.… Read MoreFiling and Paying Taxes on eFPS Under Ease of Paying Taxes (RMC No. 87-2024)
Remember that trademark scene from Jurassic Park, the one with the glass of water moving with the vibrations because something big is coming? Then better hold on to your glasses of water for this update! Well it is not that big, nor dangerous. More Barney than Jurassic Park, get it?… Read MoreNavigating BIR Rules on Receipts: Transitioning to Invoices
The Ease of Paying Taxes Act (EOPT) marks a significant milestone in the government’s commitment to modernize tax administration, enhancing the ease of paying taxes for businesses and individuals alike. This groundbreaking legislation underscores the shift towards digitalization, simplifying tax payment processes and fostering a more efficient tax collection system.… Read MoreA Simplified Guide to the Ease of Paying Taxes Act (EOPT) for Small Business Owners