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?
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.
BIR eFPS or Electronic Filing and Payment System is a facility provided by the Bureau of Internal Revenue for a fast, convenient and paperless tax filing and payment using web browser and internet connection. But who are required to enroll in the eFPS facility? Not all are required, only those the are listed below are … Continue reading Do I need to enroll in the BIR’s eFPS?