BIR Updates Its Registration Forms: What You Need to Know The Bureau of Internal Revenue (BIR) released new and improved registration forms in October 2025. These forms are now easier to use and help speed up the registration process for everyone. Here is a quick guide to the forms you may need: Form 1900: For…
Following the RR 7-2024 announcement, all businesses that use official receipts and would like to convert their unused official receipts to invoices must do so within 30 days (for manual receipts). An invoice, under the guidelines of the Ease of Paying Tax Act (EOPT), serves as the principal documented proof of the sale of goods…
NOTICE To All Taxpayers Concerned: Starting January 22, 2024, the Bureau of Internal Revenue (BIR) will no longer collect the Annual Registration Fee (ARF) from businesses. This change is in line with Republic Act No. 11976, also known as the “Ease of Paying Taxes Act.” As a result, businesses no longer need to file BIR…
Big news on the tax front! President Ferdinand R. Marcos Jr. just signed the “Ease of Paying Taxes Act” (RA No. 11976) into law, which is expected to significantly improve how we handle taxes. What’s the buzz about? This law is designed to revamp and modernize our tax system, making it more efficient and user-friendly.…
In today’s Gen Z generation, managing personal finances has never been easier, thanks to a variety of free bookkeeping apps available in the Philippines. These apps empower individuals to take control of their money, track expenses, set budgets, and plan for the future, all from the convenience of their smartphones. In this article, we’ll explore…
As a business owner, you already have a lot on your plate. From managing day-to-day operations to keeping an eye on finances, the last thing you want to worry about is staying compliant with tax laws. However, failing to comply with tax regulations can have serious consequences, including hefty fines and legal issues. This is…
Keeping professional tax receipt records is crucial for individuals and businesses as it helps them accurately report their income, deductions, and expenses to the tax authorities. These records serve as proof of transactions and can be used to support the tax returns filed. For businesses, proper tax record-keeping is important as it helps them avoid…
Are you looking for ways to reduce your tax liability while staying within the boundaries of the law? If so, you may be interested in learning about tax arbitrage. Tax arbitrage refers to the practice of taking advantage of differences in tax laws or rates in different jurisdictions to reduce one’s tax liability. This can…
Running a business can be challenging, and there are many aspects to consider when it comes to compliance and regulations. One of the most critical aspects is obtaining an occupational tax receipt, which can offer businesses many benefits, including legitimacy and access to resources. However, simply obtaining the necessary documentation is not enough. It…
As a freelancer, you have a lot of freedom and flexibility in your work. However, it’s also important to make sure you’re following the proper legal procedures and registering with the relevant government agencies, such as the Bureau of Internal Revenue (BIR) in the Philippines. This is crucial for ensuring that you’re paying the correct…
