Commonly referred to as the Certificate of Creditable Tax Withheld At Source, the BIR Form 2307 presents the income that’s subjected to Expanded Withholding Tax (EWT) paid by the withholding agent. In the accounting books of the taxpayer, it is included under the assets section, as Form 2307 is reflected as income tax pre-payments. The…
Our country runs on our taxes. From the public hospitals offering cheaper service to the roads to and from far-flung villages, the government collects money from all sorts of transactions we have. But are all taxes filed and collected properly? The answer to that may be both yes or no. The fact that the Bureau…
If you are a self-employed individual or a freelancer, you should know what Income Tax Return (ITR) form you should use. Apart from it is vital to know the right form that will fit your needs, it also saves you time from filling out wrong forms. In our case, the Bureau of Internal Revenue (BIR)…
JuanTax has a significant reason for celebrating this month. It is the first company to be certified by the BIR as an e-TSP provider. Another milestone for the hard-working and talented team behind JuanTax. More than JuanTax though, the real victory goes to the Filipino taxpayers who will benefit from this latest innovation in tax…
Filing taxes can be a confusing activity to everyone, especially to those new to it. One confusion that we encounter is choosing the right form for our purpose. We go straight to the Bureau of Internal Revenue (BIR) and get overwhelmed with tons of forms getting in our hand. Further, the BIR recently released a…
A big problem with education in the Philippines is that some non-accounting students lack knowledge about filing taxes after they graduate. Some end up knowing by trial-and-error. Another common scenario which new employees have is being surprised when their monthly take-home pay is less than their official monthly salary. This is because taxes are deducted…
JuanTax is pleased to announce that it has formalized its partnership with Agilis Enterprise Solutions today (Agilis). Present during the contract signing were Marvin Galang and Jenny Galang, President and Market Head of JuanTax. Agilis was represented by Rico Santos and Raul Santos, President/CEO and COO respectively. The Handshake Between Two Innovative Companies Agilis is…
Last March 11, the Bureau of Internal Revenue (BIR) released a memo to all BIR Authorized Agent Banks. The memo states that for all eFPS filers, eBIR filing and over-the-counter (OTC) payments have been temporarily allowed by the BIR. The BIR gave a temporary solution for eFPS filers to use eBIR forms for filing the…
JuanTax founder and previous head advisor of Xero for the Philippine Market, Marvin Galang, gave a hands-on training for the National Institute of Accounting Technicians (NIAT). This was a whole day presentation to more than 35 attendees which comprised LGUs, corporate professionals, attorneys and bookkeepers. About the Training NIAT prioritizes updates on technology which is…
