As a Business Owner it’s crucial to understand that there are various type of taxes that you need to pay within the calendar year. This can include Income Tax, Sales Tax, Withholding Tax and more. But first we’ll focus on discussing what Sales Tax is and how it functions in… Read MoreWhat is Sales Tax?
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