Everything You Need to Know
Understand our process, pricing, and how we support your business every step of the way.
Yes. Under the National Internal Revenue Code, any person engaging in trade or business must register with the BIR before commencing operations. This includes freelancers, online sellers, and sole proprietors.
This depends on your registration, but typically includes:
Percentage Tax (if non-VAT) or VAT
Income Tax (quarterly and annual)
Withholding Taxes (if applicable)
The exact obligations are defined in your Certificate of Registration (BIR Form 2303).
Late filings are subject to penalties under BIR rules, including:
25% surcharge on the tax due
12% annual interest
Compromise penalty
These are mandated under the Tax Code and related revenue regulations.
Yes. All registered taxpayers are required to maintain Books of Accounts. These must be registered with the BIR and kept updated for inspection when required.
Yes. Businesses are required to issue BIR-registered Official Receipts or Sales Invoices for every transaction. Failure to do so can result in penalties and possible closure under BIR enforcement programs.
No.
Sole proprietors must register with the DTI
OPC, Partnerships, and corporations must register with the SEC
Operating without proper registration may result in legal and tax compliance issues.
Employers are required to register with these agencies upon hiring employees. Self-employed individuals are also required to register and contribute based on applicable laws and regulations.
Yes. Registered businesses are generally required to file tax returns even with zero income, depending on their tax type. This is called “no payment” or “zero filing,” and failure to file can still result in penalties.
Yes. You may apply for VAT registration if your gross sales exceed the VAT threshold (₱3,000,000) or voluntarily register. This requires updating your BIR registration.
Under Philippine tax regulations, books of accounts and accounting records must generally be kept for at least 10 years, with specific retention formats required depending on the year.
"All-in-One Business Operations Solution."
We handle DTI, BIR, LGU, PhilGeps, SSS, PHIC, HDMF, Bookkeeping, Accounting, Tax Filing, Email, Social Media, Sales Funnel for Sole Proprietors, Online Sellers, and Freelancers.
You may contact us via Facebook, Messenger, WhatsApp, email, phone call, or text so we can discuss your concern and provide you with direct assistance.
ytabms@hotmail.com
+63 909 911 6947
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