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,…
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,…
Transfer pricing is an accounting and tax practice related to the pricing of goods or services between related parties like a parent company and its subsidiary. It also refers to…
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…
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…
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…
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.…
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…
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…
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…