Category Income Tax

In this category you will learn about income tax Philippines. You will learn on how to apply as barangay micro business enterprise, how to process your business in the BIR and what documents that you need to process.

Income Tax, Tips

What You Need To Know About Separation Pay

employee packing his things because of separation pay

When an employee is terminated, they may be eligible for separation pay. This is a form of payment given to employees who have been closed due to authorized causes. In the Philippines, specific laws govern the computation and payment of…

Income Tax, Tips

Employees’ Right to Vacation Leave: What You Need to Know

Get all the info you need on vacation leave, including how to write a vacation leave letter, with our free guide. Learn what happens to unused credits, and get tips on how to use your vacation leave to your best advantage.

Rosben Orbeso Murillo, CPA
October 30, 2022

Income Tax, Tips

A Quick Guide to Understanding Regular Holiday Pay

In the Philippines, regular holidays are mandated by law. There are two types of regular holidays: those that are fixed, and those that move around based on the lunar calendar. There are also special non-working days, which are declared by the president.

Rosben Orbeso Murillo, CPA
October 18, 2022

Income Tax, Tips

13th Month Pay Calculator Philippines

Did you know that in the Philippines, employers are required to give their employees a 13th month pay? The amount of this extra salary payment depends on a few factors, including the employee's length of service and compensation. If you're not sure how to calculate your 13th month pay, don't worry - we've got a 13th month pay calculator for you. Read more!

Rosben Orbeso Murillo, CPA
September 29, 2022

Income Tax

What Is The Minimum Wage In The Philippines

What is the minimum wage in the Philippines? This is a question that many people are asking, as there have been talks about increasing it. Here, we will discuss what the current minimum wage is, and how it may be changing in the near future. Keep reading to learn more!

Rosben Orbeso Murillo, CPA
August 24, 2022

Income Tax, Tips

Filing Your Income Tax Returns Philippines- A Step by Step Guide

The time has come- tax season is upon us! If you're a business owner in the Philippines, it's important to understand the process of filing your income tax returns. This guide will walk you through everything you need to know, from what documents to prepare to how and when to submit your return. Let's get started!

Rosben Orbeso Murillo, CPA
July 26, 2022

Income Tax, Tips

How To Form One Person Corporation In Philippines

If you’re a business owner in the Philippines, you may wonder if it’s worth forming a one person corporation. This article will outline the process for doing so and the benefits and drawbacks of this type of structure. By understanding…

Rosben Orbeso Murillo, CPA
July 19, 2022

Income Tax, Tax Preparation

8% Income Tax Rate Option: How It Affects You

If you're a business owner who provides professional services, you need to be aware of a new law that went into effect on January 1, 2019. The 8% Flat Rate On Practice Of Professions Law applies to all professionals who provide services for a fee. So what does this mean for you? Keep reading to find out.

Income Tax

Practice of Profession Tax Train Law

New professional tax under train law of 8% for more than 250,000 income but not exceeding 3,000,000 unless a 3% percentage tax rate. Find out which one is better!

Income Tax

3 Reasons Why Income Tax Is Not Always A Bad Thing

holding card that show income tax benefits

Income tax exists for a reason and provides various benefits to both the government and the citizens who pay it. This may seem unclear at first, which is where this article comes in.

Rosben Orbeso Murillo, CPA
March 20, 2022

Income Tax, Tips

How To Register in BIR as a Freelancer Guide 2021

showing freelancer with a title of 6 steps on how to register as a freelancer with the BIR

The fact is, even before the 2018 Tax Reform for Acceleration and Inclusion Law (TRAIN), everyone (including freelancers) was supposed to pay taxes. Whether online or offline, work as a freelancer, the BIR categorizes you as professional and self-employed. Find out how to register in the BIR as a freelancer 2021.

Income Tax

CREATE LAW 2021 on Corporate Income Tax

photo shows laptop with notebook and ballpen

To find out updates on corporate income tax under the CREATE Law 2021. In this article, you will see also samples of how to use the new corporate income tax rate 2021.

Rosben Orbeso Murillo, CPA
April 29, 2021