Everybody is very familiar with The Bureau of Internal Revenue (BIR). As the institution that handles our taxes, every taxpayer is well-aware of its existence. As the life and blood of the country, ...

Finally, on July 29 the Bureau of Internal Revenue (BIR) issued the much-awaited Revenue Memorandum Circular (RMC) No. 76-2020 to clarify issues on the filing of BIR form no. 1709. BIR form no. 1709 ...

With the end of the year approaching, most people start preparing for the holidays. For accountants and tax practitioners, this is also the time to plan for year-end statutory obligations, such as the ...

It’s been more than a year since the effectivity of the Tax Reform for Acceleration and Inclusion (TRAIN) Act, but the effects of its implementation are far from over. Just this year, the Bureau of ...

Which form should I use if I’m self-employed, availing of itemized deductions under the graduated rates? Is it BIR Form No. 1701 or 1701A? You will have to use BIR Form No. 1701. Since you’re availing ...

I am currently employed full-time as a supervisor in a fast-food chain. It’s my only source of income. Do I need to file an annual income tax return (ITR)? If not, what will be my proof of income and ...

Make this your preferred source to get more updates from this publisher on Google. As the tax season comes, self-employed individuals and professionals will now have fewer pages to fill out when ...