BIR | Business Tips Philippines

How to Compute Capital Gains Tax on Sale of Real Property

July 6, 2011 Vic 61 Comments

How to Compute Capital Gains Tax on Sale of Real Property in the Philippines? When a person sells real property, classified as “capital asset”, he may be liable for taxes, which include local property taxes, documentary stamp tax and capital gains tax. Capital Gains Tax, as it … [Read more...]

How to Compute Documentary Stamp Tax (DST) on Transfer of Real Property

July 5, 2011 Vic 19 Comments

How to compute Documentary Stamp Tax (DST) on transfer of real property in the Philippines? When we sell or buy real property, we execute a contract or deed of absolute sale, where the selling price, parties, details of property and other stipulations are stated. The deed of sale … [Read more...]

How to Compute Quarterly Income Tax Return: Philippines (1701Q)

June 17, 2011 Vic

How to compute quarterly income tax return in the Philippines for self-employed individuals? If you are a professional who practice your profession or a self-employed individual engaged in a sole proprietorship business, you may be looking for a guide on how to prepare your BIR … [Read more...]

How to get a TIN ID from the BIR Philippines

May 2, 2011 Vic

How to get a TIN (Taxpayer Identification Number) ID from the BIR in the Philippines? Before you can file your taxes with the government through the Bureau of Internal Revenue, you need to supply your BIR form with a TIN. Likewise, before your employer (if you’re a local … [Read more...]

How to Register with the BIR (for Professionals)

April 28, 2011 Vic

How to register with the Bureau of Internal Revenue (BIR) as a self-employed professional in the Philippines? A self-employed individual can be either a person who is engaged in business (sole proprietorship) or a person who practice his profession. In this article, we will … [Read more...]

Tax Guide Philippines

April 20, 2011 Vic

If you’re looking for an online tax guide in the Philippines, this blog strives to provide you that. We know that taxation is an essential part of doing business. We also understand that it may involve anyone who earns income, whether it’s from business, profession or … [Read more...]