The 8% Income Tax Rate Option: How it Will Affect You

The 8% income tax rate is a new law requiring sole proprietorship and professionals who are PRC registered to pay 8% tax on gross income. If you are a professional,…

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A Short Guide on Business Tax in the Philippines

Filing your taxes is a crucial thing in running your own business, no matter the size. Tax services in Manila say that even a small business like a sole proprietorship,…

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BIR Open Case: What is This and How Do You Settle It

Having a BIR open case in your name sounds ominous. But what is it? According to expert tax services in Manila, an open case is a BIR letter that is…

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Graduated Income Tax Rate with OSD vs 8% Income Tax Rate

If you are a business owner, one of the tasks you need to accomplish is filing your income tax return. The process of filing may seem tedious, especially to an…

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Learn More About BIR Form 2303 (Certificate of Registration)

If you are a business owner in the Philippines, you are always required to get a certificate of registration from the BIR or the Bureau of Internal Revenue. Whether or…

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Learn the Specific Nuance of VAT and Income Tax

If you’re a businessman, it’s critical to understand the various taxes that the government can impose on your operations. Apart from an annual income tax, you could be remitting VAT.…

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What’s the Diff: Accounting v.s. Auditing

Two important processes that deal with an organization's financial transactions and records are accounting and auditing. According to accounting services in the Philippines, both have distinct objectives and responsibilities, but…

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Learn How to Properly File Your Income Tax Return in the PH

In the Philippines, individuals and businesses must submit their tax returns by April 15 of each year. Remember, there are different ways to get this done. You can file electronically…

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10 Errors Most People Make When Filing Their BIR Tax Returns

Many people find it difficult to manage their taxes. It is important and compulsory for a taxpayer to file an income tax return (ITR) to the BIR. The returns describe…

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