5 Tax Info Online Sellers MUST Know in the Philippines
If you're an individual doing online transactions like selling/freelancing watch this video to help sort things out for your tax planning. With the release of Revenue Memorandum Circular 60 -2020, online sellers are now obligated to register with the BIR.
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Video References:
Revenue Memorandum Circular No. 60 - 2020: Obligation of online sellers - https://tinyurl.com/yad22zh2
Revenue Memorandum Circular No. 57 - Requirements/Checklist in registering with BIR
Full Text: https://tinyurl.com/ybcv58zb
Checklist: https://tinyurl.com/y7xb6lpq
Revenue Memorandum Circular No. 55 - 2013: Reiteration of Obligations in Relation to Online Business Transactions - https://tinyurl.com/y8pn3khx
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Download these forms:
BIR Form 1701(Q)(A) - https://tinyurl.com/ybzgmhwj
BIR Form 2551(Q) - https://tinyurl.com/ybk8dmz4
BIR Form 0605 - https://tinyurl.com/ya34wggf
BIR Form 1906 - https://tinyurl.com/y9esys4c
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Awesome Videos you should check out:
Tax Identification Number Guide - https://tinyurl.com/sf8jr4p
How to Compute Income Tax - https://tinyurl.com/y9shea7b
Who are required to File ITR - https://tinyurl.com/tdklkhm
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