Go to Taxumo Inc
All Collections
Questions on Taxation
Questions on Taxation
We have gathered the usual questions that you may have on taxes.
29 articles in this collection
Written by
EJ Arboleda
and
Taxumo Customer Care
Revised Withholding Tax Rates
Written by
Taxumo Customer Care
Updated over a week ago
Consolidated Filings
I have a HO and branches, which do I file for which?
Written by
EJ Arboleda
Updated over a week ago
VAT Exempt Transactions
Written by
Taxumo Customer Care
Updated over a week ago
CREATE: How to compute your excess percentage tax
Written by
EJ Arboleda
Updated over a week ago
Zero Rated VAT
What transactions fall under zero-rated VAT?
Written by
Taxumo Customer Care
Updated over a week ago
My tax due is zero or negative. Should I submit my Annual ITR to the bank or to the RDO?
To the RDO! With reservations.
Written by
EJ Arboleda
Updated over a week ago
AIF or AFS?
Which one am I supposed to file?
Written by
EJ Arboleda
Updated over a week ago
Do I need an Audited Financial Statement (AFS)?
AFS is now only required for those earning more than Php 3 Million / year
Written by
EJ Arboleda
Updated over a week ago
Which is better? Itemized or OSD?
Which one to choose
Written by
EJ Arboleda
Updated over a week ago
Deduction Methods
Itemized Deduction vs Optional Standard Deduction
Written by
EJ Arboleda
Updated over a week ago
Should I still file my ITR even if I'm technically exempted from doing so?
Answered from the experience of a taxpayer
Written by
EJ Arboleda
Updated over a week ago
How are my Income Taxes computed?
Written by
EJ Arboleda
Updated over a week ago
How do I file a 1701Q for Q4?
Short answer: You don't! You file the Annual instead.
Written by
EJ Arboleda
Updated over a week ago
I renewed from Taxumo - when can I get my new COR?
How renewal works
Written by
EJ Arboleda
Updated over a week ago
Do I need to renew my books of accounts every year?
If manual books, no. If looseleaf, yes.
Written by
EJ Arboleda
Updated over a week ago
How are tax penalties computed?
Filing late? You can file through Taxumo too!
Written by
EJ Arboleda
Updated over a week ago
Withholding Tax ATC's
Written by
EJ Arboleda
Updated over a week ago
Forms You Are Filing
How do I know which forms I'm supposed to file
Written by
EJ Arboleda
Updated over a week ago
What are the list of Allowable Deductible Expenses from BIR?
list of allowable deductible expenses
Written by
EJ Arboleda
Updated over a week ago
Am I supposed to withhold taxes?
How to know if you're supposed to withhold taxes
Written by
EJ Arboleda
Updated over a week ago
All about deadlines
These are the deadlines for filing that you need to take note of
Written by
EJ Arboleda
Updated over a week ago
My clients are not from the Philippines - should I issue OR's
In short: yes you should.
Written by
EJ Arboleda
Updated over a week ago
I filed and paid my 2551M, will I get that back?
Paid thru Taxumo? Yes. Otherwise... read on.
Written by
EJ Arboleda
Updated over a week ago
Do I need a COR to file my taxes?
Short answer: YES if you're a self-employed individual or professional
Written by
EJ Arboleda
Updated over a week ago
My Client Withholds some taxes for me - that means I'm done right?
Your client withholds taxes. You still need to file your own tax returns.
Written by
EJ Arboleda
Updated over a week ago
Percentage Tax Filings (2551M / 2551Q)
It's quarterly now!
Written by
EJ Arboleda
Updated over a week ago
My Tax Dues are too high! Help!
How your tax dues are computed for 2551M and 1701Q
Written by
EJ Arboleda
Updated over a week ago
What is OSD (Optional Standard Deduction)?
Written by
EJ Arboleda
Updated over a week ago
How do I register to the BIR as a Freelancer?
Written by
EJ Arboleda
Updated over a week ago