Entrepreneurs, businessmen and professionals are required to file BIR Form 0605 on or before the first month of the year. Since we have started another year, we are sharing here the complete guide how to fill out this important tax document. This tax form has many purposes but for this article, we discuss the procedures […]
tax
How to Register a Business in BIR – Complete Guide
Check out this step-by-step complete guide on how to register a business in BIR for sole proprietorship, partnership, and corporation. The Bureau of Internal Revenue has simplified the registration of business in the Philippines. Now, applicants and registrants do not need to go from one counter to another to submit the documentary requirements. Having your […]
How to Fill Out BIR Form 1701A for Self-Employed and Professionals
A beginners guide on How to fill out BIR Form 1701A for self-employed and professionals. We share here a simple and easy way how to compute and file annual income tax return for individuals earning income purely from business or profession under OSD and 8% flat rate. Note that if you are availing Allowable Itemized […]
New Income Tax Table 2020 Philippines
New Income Tax Table 2020 Philippines (BIR Tax Table 2020). The new income tax table below is applied for the year 2020 following the new BIR TRAIN, meaning, Tax Reform for Acceleration and Inclusion Act implementing the Income Tax Provisions of the Republic Act 10963. So if you are computing your 2019 and 2020 income […]
BIR RDO Codes – Updated List of Revenue District Offices 2020
Want to know your Revenue District Office Code? Here are the complete and updated Lists of BIR RDO Codes in the Philippines as of 2020 taken from the Bureau of Internal Revenue. All taxpayers, businesses and corporations must know their own RDO because it is important to know where your tax record is registered. Every […]
How to Verify TIN Number Online – Recover Lost TIN from BIR
How to verify TIN number online, this is how to recover and retrieve lost or forgotten TIN. If you lost your TIN (Tax ID Number), do not worry for you can retrieve it anytime without going to the BIR office. Some people want to verify TIN number by name in the Philippines online or simply […]
How to Use eBIR Forms Offline: Step by Step Guide
Here’s the step by step guide on how to use the new eBIR forms offline. You can download the latest eBIR Forms version 7.5 at the Bureau of Internal Revenue website. The new eBIR form system is very helpful to make everything easier and faster for taxpayers and employers. There are 2 packages for eBIR […]
Tax Exemptions in the Philippines 2020
In this page, I am sharing the list of tax exemptions in the Philippines taken from the Tax Code and Philippine Constitution. What should be taxed and what shouldn’t? The list includes exemptions for income tax, donors, tax and estate tax. As a bonus I gave tips to easily master and memorize what are included […]