Category: Guidelines

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

Benefits are any perks offered to employees in addition to their salary. Aside from the benefits that we are familiar with, like maternity leaves, thirteenth-month pays, and government contributions there

Tax Deductible Expenses with Limitations in the Philippines Business expenses are costs incurred in the ordinary course of business. These are referred to as deductions and generally recognized as fully