In the Philippines, there are certain benefits and allowances that are given to employees which are not subject to income tax. This is known as a de minimis benefit, and it includes items such as food and transportation allowances, small gifts, and other minor expenses. Employees who receive a de minimis benefit of up to P90,000 in a year will not have to pay any income tax on it. Let's take a closer look at this exemption and see how it can help you save money on your taxes.READ MORE!
Wondering how to get TIN number online? Here's a simple guide on the process, plus what you need to do for TIN verification. Keep in mind that there are different steps depending on whether you're an individual or business owner. So read on to find out what's required of you!
As we all know, the new tax reform bill was passed late last year. There have been a lot of changes to the tax code, and many people are still trying to figure out what it all means for them. In this blog post, we'll take a look at some of the new taxes that apply to train travel. We'll also provide a list of approved train law taxes under the new tax reform bill. So if you're planning on taking a train trip in the near future, be sure to read on!
Are you a freelancer? Are you planning to become one? If so, then this blog post is for you! In this step-by-step guide, we'll show you how to register in the BIR as a freelancer. So whether you're just starting out or are already in business, make sure to read on!
If you're looking for a business opportunity that is both profitable and tax-exempt, consider starting a sari-sari store. Operating a sari-sari store can be relatively simple, and there are many tips and resources available to help you get started. Keep reading to learn more about how to start a sari-sari store, and the tax exemptions that are available to business owners like you.READ MORE!
Did you know that the Philippines has one of the lowest tax rates in Asia? While this may be good news for business owners, it also means that the government is struggling to generate enough revenue to fund important services like education and healthcare. In an effort to increase tax revenue, the government has proposed a train law reform that will increase taxes on goods and services. If passed, this new law will have a major impact on businesses and employees in the Philippines. Read on to learn more about the proposed train law reform and what it could mean for you.READ MORE!
Are you feeling overwhelmed when you think about preparing your business's annual inventory listing? Don't worry, you're not alone. Many business owners feel the same way. However, it's important that you take the time to prepare an accurate inventory listing so you can keep track of your company's finances. In this blog post, we'll outline the steps you need to take to get started. We'll also provide some tips on how to make the process easier. So, what are you waiting for? READ MORE!
Are you a business owner looking to register your business as BMBE in the BIR 2022? Look no further, because this guide will tell you everything you need to know. In this guide, we will cover the basics of registering your business as BMBE, including the requirements and procedures. So read on to learn more!
As the new year begins, business owners and employees alike must become familiar with the changes in income tax law. The biggest change this year is the implementation of Train Law, which replaces the previous graduated income tax table rates. This article explains what Train Law is, how it affects taxpayers, and provides a new tax table for comparison. Understanding these changes is essential to making sure you're paying your taxes correctly and avoiding any penalties from the IRS. So read on to learn more about Train Law and how it will impact your taxes this year! READ MORE!
Reducing your taxes can be a daunting task, but it is not impossible. In fact, there are many legal ways to reduce your tax bill. This blog post will outline some of the most popular methods. So, whether you are a business owner or an employee, read on to learn how you can save money on your taxes. READ MORE!
