Skip to content

withholding taxes form 2307 philippines

BIR 2307: Why Online Sellers Need to Receive It from Ecommerce Platforms

BIR 2307: Why Online Sellers Need to Receive It from Ecommerce Platforms

One important document that every online seller should be aware of is the BIR 2307. This tax certificate is issued by ecommerce platforms and serves as proof of the tax withheld on payments you receive. We’ll explore why it’s essential for online sellers to get BIR 2307 from ecommerce platforms,… Read MoreBIR 2307: Why Online Sellers Need to Receive It from Ecommerce Platforms

Withholding Tax 101 (or, ‘Why Is My Pay Less Than What My Client Said It Would Be?’)

Withholding Taxes Philippines

How withholding tax feels like, sometimes: someone taking a bite out of your favorite doughnut before you can eat it. (Then again, lessening calories can be good for you.)

If you’re a freelancer with local clients, you must be familiar with withholding tax. 

Simply put, it’s the amount of money that your client deducts from the amount you’re supposed to receive. So if you’re expecting, say, Php 3,000, you might end up getting Php 2,700 instead.

Where did that missing Php 300 go?

It went to your withholding tax. 

Withholding tax: What Is It?Read MoreWithholding Tax 101 (or, ‘Why Is My Pay Less Than What My Client Said It Would Be?’)