Claiming Foreign Tax Credits in the Philippines: A Strategic Guide for Tax Efficiency”
Claiming Foreign Tax Credits in the Philippines: A Strategic Guide for Tax Efficiency.
Read more
Withholding Tax and Tax Rates under Train Law
Here are the updates of withholding tax in the Philippines under the new tax reform- TRAIN law 2018. It includes the updated withholding tax rates. The definition of the withholding tax is also well define. What are the income subject to withholding tax for a citizen, resident alien in the Philippines?. There are other income received by the resident citizen subject to withholding tax rate.
Read more
BIR Extends Deadline for Online Business Registration
Businesses involved in the selling of goods and services through digital transactions (online stores) have until August 31, 2020, to register or update their registration information with the Bureau of Internal Revenue (BIR) without the imposition of penalties. This Revenue Memorandum Circular (RMC) No 75-2020 issued by the BIR on July 29, 2020.
Read more
New BIR Form 1709 issued for Related Party Transactions
The Bureua of Internal Revenue issued new BIR Form 1709 to replace 1702H for related party transactions. RR 19-2020 clerealy stated the information to be disclosed and the necessary requirements in filing.
Read more
Filing Real Property Tax in the Philippines
Easy way of filing Real Property Tax in the Philippines. It also includes how real property is valued and the tax rate imposed.
Read more
VAT Invoices Update under Train Law 2018
Does this train tax law reform affect your business? If yes, your sales income or receipts might not be subject to value-added tax 2018. Hence, […]
Read more
How to Apply Online TIN number
Due to the HOME QUARANTINE, the application of TIN online would be tough. Because of this delimna, the government issued RMO 20-2015 to apply TIN Number online. READ more to know…
Read more
Income Tax Train Law and New Tax Rates 2021
These are the things you should know before filing your income tax this year under TRAIN law 2018. If you are a student who is studying taxation, these things will help you to understand the new income tax in the Philippines under the RA 10963 otherwise Known as the Tax Reform for Acceleration and Inclusion (TRAIN) Act. Learn 6 things about the new income tax ratw 2018.
Read more
Must Read: COVID19 Tax Exemptions Update
To combat the spread of this COVID-19, the government issued Republic Act No. 11469 known as “Bayanihan to Heal as One Act”
Read more
9 Amazing Tax-Free Countries Everyone Should Envy
9 tax free countries around the world. Learn how and what countries that are top 9 listed. Read more to find out.
Read more
How to Earn Money During COVID-19 Home Quarantine
As we all know, the COVID-19 pandemic is causing widespread panic and anxiety. In addition to concerns about our health, many of us are worried about how we will make ends meet if we have to stay home for an extended period of time. Fortunately, there are several ways to earn money from home during a quarantine. Keep reading for tips on how to make extra cash!
Read more
How to Reduce Your Philippine Tax in 2020
In the Philippines, taxpayers are required to pay a certain percentage of their income to the government as taxes. This can be quite a burden, especially if your income is low. However, there are ways you can reduce your tax bill in 2020. In this blog post, we will discuss some tips on how to do that. Keep reading to learn more!
Read more
5 Countries with the Highest Income Tax Rates-Read before you Migrate
Do you live in a place where the personal income tax rate is high? Check these countries with highest personal income tax rates around the world.
Read more