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Month: November 2016

Tax restructuring 101

Convenience of taxpayers must be the government’s top priority. Promoting honesty and integrity in paying taxes must be at the core of the genuine tax reform in the Philippines—a simpler, fairer and more efficient tax system as described earlier by Finance Secretary Carlos Dominguez III. The convenience of taxpayers must also be the highest priority […]

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Tax Academy

#AskTheTaxWhiz: Top 10 common violations of startups

The Tax Whiz sums up the most common violations of startups and the corresponding penalties. In connection with the top 10 frequently asked tax questions startups ask, here’s the other side: the most common tax violations and what startups could lose. In relation to BIR registration requirements: 1. Failure to register the business with BIR […]

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DTI Seal of Honesty

#AskTheTaxWhiz: Top 10 frequently asked tax questions by startups

The Tax Whiz tackles everything entrepreneurs need to know about taxes, including whether taxes are due even if a company is unprofitable, local business taxes, and important deadlines. 1. What are the taxes I need to pay as a startup? There are at least 3 types of taxes you need to pay: (1) income tax […]

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