Category Business Tax

Here are the updates regarding the busines tax in the Philippines. You will learn related updates and tips on business taxes. Business tax Philippines includes Value Added tax (VAT), percentage tax, transfer and other excise tax.

Business Tax, Tips

Calculate Your Take-Home: After-Tax Lotto Winnings

a person sitting in a cozy living room within a typical Filipino home, excitedly holding a winning lottery ticket. The person is depicted with a look of joyful surprise, eyes wide and a big smile, as they stare at a television screen displaying the winning lottery numbers. The TV is set in a warm, inviting space, with elements that suggest a Filipino setting, such as wooden furniture and tropical plants. The room is lit softly, highlighting the emotional moment of realizing a big win. This image captures the thrill and happiness of discovering one has won the lottery, set against the backdrop of a familiar Filipino living environment.

In the Philippines, winning the lottery can be a life-changing event. With jackpot prizes reaching astronomical figures, it’s a dream come true for many. However, before you start planning how to spend your newfound wealth, it’s crucial to understand tax…

Rosben Orbeso Murillo, CPA
February 4, 2024

Business Tax, Discussions

Documentary Stamp and Tax: The Ultimate Guide

It shows different type of documentary stamp

Do you feel overwhelmed and need clarification on all the paperwork involved in buying or selling a property? One important document you need to familiarize yourself with is the documentary stamp.

Rosben Orbeso Murillo, CPA
August 23, 2023

Business Tax, Income Tax

Solo Parent Benefits: Enjoy 10% Off and VAT Exemptions

solo parent with her daughter riding a bicycle- solo parent benefits

Being a solo parent can be challenging, but thanks to the government's Solo Parent Act, a lot of support is available. From access to better education and healthcare to promising employment opportunities, the Act is here to make life easier for Filipino solo parents.

Rosben Orbeso Murillo, CPA
July 4, 2023

Business Tax, Income Tax, Transfer Tax

Tax Codes in the Philippines- A Complete Guide

Are you one of those who choose to ignore the Tax Codes Philippines simply because it feels daunting and downright intimidating? That would certainly make sense; the sheer number of laws associated with the tax code can quickly leave anyone feeling exhausted. But if you step back and break things down into simpler terms, understanding the Philippine Tax Code is easier than it may initially seem!

Rosben Orbeso Murillo, CPA
June 26, 2023

Business Tax, Tax Preparation

VAT Payable Formula: How To Compute VAT Philippines

lens shwoing calculator for VAT Payable Formula

Are you a vat registered person in the Philippines? If so, then you need to be aware of the VAT payable formula. This article will teach you how to compute VAT Philippines. Keep reading to learn more!

Rosben Orbeso Murillo, CPA
August 8, 2022

Business Tax

Special Economic Zones Philippines: A Free Trade Zone for All

shows text economy with graphs-what is economic zone, economic zone meaning, philippine economic zone, free trade in the philippines

The Special Economic Zones (SEZs) in the Philippines are designated areas that offer tax incentives and other benefits to business owners and investors. These zones provide an excellent option for business in the Philippines, whether you’re looking to set up…

Rosben Orbeso Murillo, CPA
July 17, 2022

Business Tax

New Percentage Tax – FAQs under CREATE Law

robot hand pointing percentage and tax icon

Are you one of the many business owners in the Philippines who are scrambling to understand the new percentage tax under CREATE Law? Are you having trouble figuring out how it will impact your company? You’re not alone. In this…

Business Tax

Value Added Tax (VAT) under Train Tax Law

New tax base for value-added tax (vat) under train law from 1,919,500 to 3, 000,000 threshold with the same tax rate of 12%.

Business Tax

VAT Invoices Update under Train Law 2018

Does this train tax law reform affect your business? If yes, your sales income or receipts might not be subject to value-added tax 2018. Hence, your receipts with VAT registered are no longer necessary. Yes, receipts are significant to help…

Rosben Orbeso Murillo, CPA
May 21, 2020