Category: Guidelines

Pursuant to Administrative Order No. 30 s. 2020 of the President to direct all government agencies to suspend deadlines for the duration of community quarantine, the Department of Finance (DOF)

Businesses nowadays are known to be competitive and are focused on quality and growth. It is very usual for companies to transact with third parties such as investors, suppliers and

Electronic commerce (e-commerce) or simply “online buying and selling” is no longer new. It has been flourishing throughout the years due to the continuing advancement of technology. Recently, as people

The Bureau of Internal Revenue (BIR) has been inspecting business establishments across the country in surprise, to verify compliance with registration, invoicing and bookkeeping requirements provided for under existing internal

Registration of Books of Accounts: All corporations, companies, partnerships or persons required by law to pay internal revenue taxes shall keep a journal and ledger or their equivalents such as

What form to use? The Bureau of Internal Revenue (BIR) Form 1701Q shall be used by self-employed individuals, estates and trusts upon filing their quarterly income tax, whereas, the BIR