We summarized important notes for RMC 49-2020. Here’s what you need to know. BIR Released RMC 49-2020 to help taxpayers be tax compliant electronically. Here’s what BIR provided in RMC 49-2020. Summary: Manually – Submission thru RCO Electronically – Submission through eAFS www.bir.gov.ph Click on the icon eAFS Upload tax return using required format (pdf…
A guide on how to register a business for Individuals What makes you an Individual Taxpayer? Resident citizens receiving income from sources within or outside the Philippines Employees deriving purely compensation income from two or more employers, concurrently or successively at any time during the taxable year Employees deriving purely compensation income regardless of the…
A guide on how to register a business for Non-Individuals What makes you a Non-Individual Taxpayer? Corporations and partnerships, no matter how created or organized. Domestic corporations receiving income from sources within and outside the Philippines Foreign corporations receiving income from sources within the Philippines Estates and trusts engaged in trade or business Basic Registration…
BIR Guidelines for Business Registration for Online Sellers How to register your online business with the BIR Summary: Basic Registration Guidelines Individuals Non-Individuals Certificate of Registration issuance The Bureau of Internal Revenue (BIR) as of June 01, 2020, gave Revenue Memorandum Circular No. 60-2020 (RMC No. 60-2020), which is effective immediately. The subject of this…
Summary: Pay taxes using PayMaya App How to pay taxes using PayMaya App The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular No. 54-2020 last February 12, 2020, which was made effective today June 01, 2020. The subject of this memorandum is “Payment of Internal Revenue Taxes through the Mobile Application Facility of the…