1. What is an Annual Income Tax Return (ITR)?
An Annual Income Tax Return (ITR) is a tax document filed with the Bureau of Internal Revenue (BIR) that summarizes an individual's or business's income, deductions, and tax liabilities for the entire year. It determines whether you owe additional taxes or are eligible for a tax refund.
2. Can I file my Annual ITR using Taxumo?
Yes! Taxumo allows you to file your Annual ITR completely online, saving you time and effort. The following forms can be filed through Taxumo:
✅ BIR Form 1701A – For freelancers, self-employed individuals, and business owners under the 8% Income Tax Rate or Optional Standard Deduction (OSD).
✅ BIR Form 1701 – For individuals earning from multiple sources (e.g., business + employment) or those using the Itemized Deduction method.
✅ BIR Form 1702RT – For corporations, partnerships, or non-individual taxpayers using the Regular Tax Rate (RT) of 25% on taxable income.
✅ BIR Form 1700 – For individuals with multiple employers within the taxable year who need to file due to a tax refund claim or additional tax due.
3. When is the deadline for filing the Annual ITR?
The official BIR deadline for filing your Annual ITR for the taxable year 2024 is April 15, 2025. To help you avoid last-minute issues, Taxumo's internal deadline is April 10, 2025. Filing early helps you:
✔ Avoid last-minute errors
✔ Ensure smooth payment processing
✔ Get your tax filing confirmation on time
4. How do I file my Annual ITR using Taxumo?
Filing through Taxumo is simple. Click on the links below to learn how:
Note: For Form 1700, purchase the service via the Taxumo Marketplace.
5. What payment options are available on Taxumo?
Taxumo allows you to pay your taxes via:
💳 Credit/debit card
📱 GCash or Maya
🅿️ PayPal
🏦 Dragonpay
💰 Billease – Installment payment option for more flexible tax payments upon approval
🪙 Cryptocurrency
6. What if I miss the Taxumo deadline?
Taxumo automatically computes penalties if you're filing past the Taxumo deadline. BIR interest and penalty rates will apply.
7. Can I pay my tax in installments through Taxumo?
Yes! If your tax due is ₱2,000 or more, you can pay in two installments:
1st payment (at least 50% of the total tax due): On or before April 10, 2025
2nd payment: On or before October 13, 2025
8. What do I need to do after filing my Annual ITR?
After filing your ITR via Taxumo, submit your documents through BIR’s eAFS system to complete your compliance—no need to visit the BIR! For a detailed step-by-step guide on submitting your attachments through eAFS, check out:
9. Can I have a consultation with an expert in filing my Annual ITR?
Yes! You may book a consultation with our expert partners for guidance.
10. How much will I pay Taxumo to file my Annual ITR?
Taxumo offers a subscription-based service, and the cost of filing your Annual ITR depends on your chosen plan. Check our pricing details on www.taxumo.com/taxumo-pricing.
11. Where can I get help if I have questions?
Chat with us at www.taxumo.com, email customercare@taxumo.com, or reach out on social media.
File your Annual ITR via Taxumo on or before April 10 to avoid penalties! 🚀🎉