Beginning your journey with Taxumo is straightforward, and it helps you keep compliant along with your tax obligations with out the stress. For me, I see Taxumo as a instrument—a really highly effective one which’s versatile sufficient to information you on what varieties you have to file and even make it easier to pay for them. However on the finish of the day, it’s nonetheless our accountability as taxpayers to grasp find out how to use instruments like these correctly. Consider it like driving a automotive: the automotive makes the journey simpler, however we nonetheless have to know the foundations of the street.
That’s why organising your account accurately from the beginning is so necessary. If you happen to’re a freelancer, self-employed skilled, or small enterprise proprietor, this fast information will present you find out how to arrange your Taxumo account so you’ll be able to file your taxes with confidence.
You can even watch the total walkthrough right here: ▶️ Watch the video
Step 1: Create Your Account
- Go to Taxumo.com and join utilizing your e-mail, Google, or Fb account.
- Fill in your primary particulars, like your full title, TIN, and registered deal with.
👉 Tip: Make certain your data matches what’s in your BIR Certificates of Registration (COR) or type 2303. If you happen to don’t have a COR but, be happy to avail of our companions’ companies right here: https://marketplace.taxumo.com/
Step 2: Set Up Your Enterprise Profile
This half ensures Taxumo is aware of precisely what varieties you have to file. You’ll enter particulars resembling:
- Your enterprise title
- Enterprise sort (promoting items, offering companies, or each)
- Revenue supply (employment, enterprise, occupation, or combined)
- Revenue tax charge (8% or graduated)
- and different particulars that you just may want
Step 3: Selecting Your Tax Charge
Listed here are issues to notice about selecting your tax charge:
- The 8% tax charge was launched by the BIR for people incomes lower than ₱3M per yr (non-VAT entities).
- Everybody chooses their tax charge at first of every yr. Because of this Taxumo permits you to set your small business profile for annually.
- Even in case you are 8% in your COR, particular person tax filers can choose to make use of the Graduated revenue tax charge if they want.
- BUT, in case you are submitting mid-year and already missed earlier filings, you MUST select the graduated revenue tax charge as an alternative of 8%— (once more) even when 8% was what you initially registered for.
- If you happen to’ve chosen the Graduated Revenue Tax Charge, apart out of your revenue tax, you additionally have to file your proportion tax type repeatedly. That is one thing many overlook, but it surely’s an necessary compliance requirement.
Step 4: For BMBE Certificates Holders
If you’re registered as a Barangay Micro Enterprise Enterprise (BMBE), take be aware:
- You’re required to file your Quarterly Proportion Tax varieties.
- You additionally have to file your Annual Revenue Tax type.
- However right here’s the excellent news: you don’t have to file the Quarterly Revenue Tax varieties (Q1–Q3) anymore.
Last Ideas
Establishing your Taxumo account correctly ensures you’re submitting the fitting varieties and following BIR guidelines. Whether or not you’re on the 8% choice, the graduated charge, or have a BMBE certificates, Taxumo makes submitting a lot simpler.
However bear in mind—Taxumo is a instrument. It’s right here to simplify the method, however the accountability to know what to file and when nonetheless rests on us as taxpayers. By studying find out how to use it accurately, we not solely keep compliant but additionally acquire peace of thoughts understanding that we’re taking cost of our monetary obligations.
✨ Able to get began? Sign up with Taxumo at the moment and say goodbye to tax stress!
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