Regardless of the challenging situation with the Coronavirus, tax deadlines are still coming. It may have been moved for some dates, but surely it will come. How are you coping up with your tax compliance? Still doing taxes yourself? The deadline to file and pay your taxes can be found at the BIR website. Thus, if … Continue reading Still doing taxes yourself?
Today, I happened to browse the Philippines economic indicators given the Covid19 cases at 31K+ "as of this writing". Yes, its about 31,825 covid19 cases to be exact, but what's funny is that my news feed is full of issues on the Anti-Terror Bill, the repatriation of OFW's, the Foreign Debt level, the Fake News … Continue reading PHILIPPINES: Should I be worried??
The Bureau Of Internal Revenue (BIR) recently issued REVENUE MEMORANDUM ORDER NO. 40-2019. The said RMO has established the procedures for the proper service of assessment the BIR Notices in Accordance with the Provisions of Section 3.1.6 RR 18-2013. The main objective of the RMO is to prescribe the proper procedures to be observed when … Continue reading You Have Been Served!
If you are a foreigner and you would like to work in the Philippines then it's a must for you to know the new guidelines for foreign nationals. Foreign Nationals who will engage in work outside of an employment arrangement are required to secure a Special Working Permit (SWP).For professional related work or services that … Continue reading Are you a Foreign National? Do you want to work in the Philippines?
The common Taxes, applicable to taxpayer, that you need to know are (1) Value Added Tax (VAT) or Percentage Tax (PT), (2) Expanded Withholding Tax (EWT), and (3) Income Tax. However, additional taxes may apply if there are related transactions such as the following: (1) Withholding Tax on Compensation (WTC) or most commonly know as … Continue reading The 3 Common Taxes that YOU need to KNOW.