BIR

Online Sellers Get Extra Time to Register for Taxes as BIR Extends Deadline (RMC 79-2024)

Zia Venus
August 2, 2024August 16, 2024

Good news Online Sellers! According to RMC 79-2024, BIR is extending the deadlines for Online Sellers to register their business through BIR until October 12, 2024. With the deadline extension, here’s what you need to know to prepare for operating your business legitimately. Business Registration It’s important to understand that… Read MoreOnline Sellers Get Extra Time to Register for Taxes as BIR Extends Deadline (RMC 79-2024)

Clarifying Invoice Requirements for VAT and Non-VAT (RMC 77-2024)

Zia Venus
August 2, 2024August 12, 2025

BIR released a new memorandum regarding the invoice compliance for VAT and Non-VAT taxpayers. Let’s take a look on some of the details on how to issue your invoice if you’re a VAT of Non-VAT business. Invoice Compliance and Requirements According to RMC 77-2024, businesses are now required to issue… Read MoreClarifying Invoice Requirements for VAT and Non-VAT (RMC 77-2024)

ORUS Guide on How to Register Your Books of Account

Zia Venus
July 22, 2024August 12, 2025
10 Comments

As a business owner, I’m pretty sure by now you’re already familiar with what Books of Accounts are. But if you don’t know what they are yet, it’s a group of books that declare and record all of your transactions in your business. These books typically include a General Ledger,… Read MoreORUS Guide on How to Register Your Books of Account

What is BIR Form 1702Q – Quarterly Income Tax?

Zia Venus
May 16, 2024January 2, 2025
2 Comments

BIR Form 1702Q — What is this? Firstly, know that there are different classifications of Income Taxes here in the Philippines, and the Income Tax form that you need to file varies on your Taxpayer type whether if you’re a Non-VAT or VAT filer — this step is very crucial… Read MoreWhat is BIR Form 1702Q – Quarterly Income Tax?

Guide on How to Write on your VAT Receipts

Zia Venus
May 10, 2024August 12, 2025
2 Comments

Taxumo understands the importance of being precise and complete when filling out financial documents, especially when it involves Value Added Tax (VAT) in the Philippines. We are always asked by online sellers, professionals, MSMEs, etc. on how to write on a VAT Receipt. This guide will help you on how… Read MoreGuide on How to Write on your VAT Receipts

How to File 1701Q Online with Taxumo

Zia Venus
May 7, 2024January 2, 2025

Have you ever taken a look on your COR and wonder, what is this 1701Q? How does it work and what does it declare? To simply put it – BIR Form 1701Q, or the Quarterly Income Tax Return is filed by any taxpayers who are earning income within the Philippines.… Read MoreHow to File 1701Q Online with Taxumo

How to File Late Taxes Online in a Few Minutes?

Zia Venus
April 29, 2024April 30, 2024
1 Comment

We’ve all been there. Life gets busy, and sometimes important deadlines slip our minds. If you’re reading this, there’s a chance you missed the tax filing deadline, and you might be feeling a little stressed or overwhelmed. But don’t worry, you’re not alone! And the good news is, it’s not… Read MoreHow to File Late Taxes Online in a Few Minutes?

Your Guide to Navigating BIR RDO for Tax Compliance

Ginger Arboleda
January 11, 2024August 12, 2025
8 Comments

We all know how our government loves abbreviations… BIR, DTI, LGU, etc. One of the abbreviations that we need to know about is RDO, and this is the BIR RDO. Every taxpayer in the Philippines is assigned to a specific Revenue District Office (RDO), an essential arm of the Bureau… Read MoreYour Guide to Navigating BIR RDO for Tax Compliance

Percentage Tax in the Philippines: What It Is and Who Files It

Zia Venus
January 11, 2024January 8, 2025
2 Comments

Imagine a simplified tax system for specific transactions in the Philippines – that’s the essence of Percentage Tax (PT). It applies a flat rate of 3% directly on your gross sales or receipts, instead of the usual income tax rates. Understanding who needs to file this type of tax can… Read MorePercentage Tax in the Philippines: What It Is and Who Files It

BIR extends deadline for NIRI (Notice to Issue Receipt/Invoice Sign)

Zia Venus
July 17, 2023January 2, 2025
2 Comments

As a business owner, you’re definitely familiar with the signage that you hang in your business premise. But have you heard of the big change that’s happened? If not, don’t worry, we’ve got you covered! You may know that BIR has issued RMO No. 43-2022 stating that a new format receipt notice… Read MoreBIR extends deadline for NIRI (Notice to Issue Receipt/Invoice Sign)

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