Starting a business is exciting. You have a great idea, the drive to make it happen, and a vision of success. But learning how to run a business successfully isn’t just about selling products or offering services—it’s also about managing finances, operations, and, most importantly, paying taxes. Many business owners tend to… Read MoreHow to Run a Business and Deal with Taxes: Tips from Entrepreneurs
We all know how our government loves abbreviations… BIR, DTI, LGU, etc. One of the abbreviations that we need to know about is RDO, and this is the BIR RDO. Every taxpayer in the Philippines is assigned to a specific Revenue District Office (RDO), an essential arm of the Bureau… Read MoreYour Guide to Navigating BIR RDO for Tax Compliance
Many of us who start a business come from a regular employment setting. So when we decide to register our business with the Bureau of Internal Revenue (BIR), it comes as a shock when we learn that there are several types of taxes.
Yes, aside from income tax, there are other types of taxes that a business owner needs to pay–and that they need to file various tax forms many times a year.
Of course, we can’t spare you the payments, but we can at least spare you the shock.
Here, for your reading pleasure, are all the basic types of taxes and fees every professional or business owner needs to pay once they have registered with the BIR:
Read MoreBasic Types of Taxes Every Proprietor and Professional Needs to Pay to the BIR