The allure of freelancing has captivated many in the Philippines, marking a significant shift towards flexible, autonomous work. As technology and digital connectivity flourish, the role of the Filipino Freelancer has emerged as a promising career path for those seeking both freedom and opportunity. Unparalleled Flexibility and Global Opportunities One… Read MoreShould You Really Explore Being a Filipino Freelancer?
On April 25, on the deadline of filing the Quarterly Percentage Tax Form, the BIR released RMC 26-2018 which has the new 2551Q form and the submission procedures for manual, eBIRForms, and eFPS. The new 2551Q Form now has a field where you can indicate whether you’re opting for the… Read MoreBrand New 2551Q BIR Form (Quarterly Percentage Tax) with 8% Opt In
UPDATE! BIR recently released a new portal to submit your AFS submissions online! Woot! Kudos to you, BIR! Here’s a quick run through of the new AFS eSubmission Portal aka eAFS: How to submit attachments to Annual ITR using eAFS It’s that time of the year! Tax Filing Season! Time… Read MoreSubmitting your Annual ITR – How to and Attachments
On January 1, 2018, the Tax Reform for Acceleration and Inclusion or TRAIN was implemented in the Philippines. This tax reform program aims to improve the tax system and make it simpler, fairer, and more efficient. As a dutiful taxpayer, it’s important to be aware of TRAIN, especially of the new… Read MoreWhat You Should Know about TRAIN
It wasn’t all sunshine and rainbows for Julian Cañita when he decided to live abroad with his wife. Struggling to find a stable job then, he had to step up his game and hone more skills to succeed in the demands of tomorrow. That was when he discovered digital marketing.… Read MoreTaxumo Heroes: Julian on Self-Growth and Helping Other Businesses Grow
What to Know About the CREATE Act (formerly known as the proposed TRABAHO/TRAIN Law)? Decrease corporate income tax Regulate fiscal incentives Attract better and high-quality opportunities Since the first package of the previous administration’s Comprehensive Tax Reform Program (CTRP) was passed into law. The Tax Reform for Acceleration and Inclusion… Read MoreCREATE Act (Formerly TRABAHO/TRAIN Law Package 2)
Income Tax for 2018 in the Philippines has been an interesting space lately because of the TRAIN Law (aka R.A. 10963). For self-employed individuals, it has been of particular interest because they now have an option to avail of a simpler 8% Income Tax Rate Option. The BIR released Revenue… Read MoreHow to Avail of the 8% Income Tax Rate on Gross Sales/Receipts
The Tax Reform for Acceleration and Inclusion, more popularly known as TRAIN, has amended the tax code to increase the VAT Threshold from P1.919 Million to P3.0 Million. If you are a registered VAT taxpayer earning less than P3.0 Million, you may now opt to be non-vat instead. This is… Read MoreTax Reform: How to Change from VAT to Non-VAT
The Income Tax Reform Law (Tax Reform for Acceleration and Inclusion of TRAIN) (RA No. 10963 + veto message) changes a lot of things for the DIY taxpayer. Aside from the forms themselves, the tax reform law also changes the frequency, the processes, and the formula & tax tables that… Read MoreTRAIN Law Primer or So what do I file now?
Taxumo turns Tax Filing from what was previously a painful scary chore into a pleasant & quick online experience! Aligned with that promise, we are releasing our new UI. Built from the ground up with intuitiveness and ease in mind, filing your taxes are even easier than ever before. What… Read MoreTaxumo Makes Tax Filing a Quick & Easy Online Experience
Join 100,000+ business owners and freelancers using the Philippines’ #1 online tax tool. Automate your filings, gain total peace of mind, and stay safe from costly penalties. We’ve got your back!