I usually read people over the Internet asking “what are the legal requirements for starting a business in the Philippines?”. This is one of the questions I have gathered in my attempt to answer all of the most common questions in doing business in our country. So how do you make … [Read more...]
How to Get TIN (Taxpayer Identification Number) for Unemployed Individuals
A TIN (Taxpayer Identification Number) is usually given to new taxpayers, such as individual taxpayers (i.e., single proprietors, professionals, employees, and mixed income earners) and juridical taxpayers (e.g., partnerships and corporations). If you fall under those categories, … [Read more...]
Different Kinds of Taxes in the Philippines
There are many different kinds of taxes in the Philippines. But we can group them into two basic types, namely, national taxes and local taxes. National taxes are those that we pay to the government through the Bureau of Internal Revenue. Our national taxation is based on the … [Read more...]
List of Taxes in the Philippines
We need to be aware of the taxation system in our country. If you’re a person engaged in business or someone who is practicing his or her profession, you should know the corresponding business and income taxes that may be imposed on your business or professional activities. If … [Read more...]
The Tax Code of the Philippines (National Internal Revenue Code of 1997)
Taxes have already existed since the ancient times. Tax is the lifeblood of nations and governments. Without tax revenues or collections, a democratic republic country like the Philippines will have no money to fund its national expenditures, such as public infrastructures … [Read more...]
Tax in the Philippines
The tax system in the Philippines is quite difficult to grasp by small and medium business owners, professionals and other income earners, especially if they don’t have any basic knowledge in accounting and taxation. For big companies and corporations, they have the money to hire … [Read more...]
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