RMC 60-2020: Obligations of Persons Conducting Business Transactions Through Any Forms of Electronic Media, and Notice to Unregistered Businesses

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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…

Business Registration for Non-Individuals

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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…

Payment of Internal Revenue Taxes through the Mobile Application Facility of the PayMaya Philippines, Inc.

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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…

RMC No. 49-2020: Providing Additional Options in Accepting And Processing of the Filed 2019 ITR and Attachments

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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…

1702-RT vs 1702-MX

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This article contains all you need to know about BIR Forms 1702-RT and 1702-MX as a Non-Individual Taxpayer. The BIR provided the necessary details to taxpayers in relation to these forms. Here’s what you need to know:  BIR FORM 1702-RT What is this form? 1702-RT also known as, Annual Income Tax Return For Corporation, Partnership…

1702EX vs 1702MX vs 1702RT

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This article is about the following forms: What makes you a Non-Individual Taxpayer? What are the forms for? What are the main differences between them? How do I know which one to file? How do I File and Pay? What makes you a Non-Individual Taxpayer? Corporations and partnerships, no matter how created or organized. Domestic…