Tax App Offers Free Subscription to Medical Professionals to Help Them File Their ITRs
UPDATE: On Thursday, March 19, The Department of Finance and the Bureau of Internal Revenue announced the extension of the deadline for the filing of income tax returns to May 15, 2020. Still, it's a good idea to check out this tax app.
Despite appeals for an extension amidst the threat of COVID-19, the Bureau of Internal Revenue has said that the deadline for filing income tax returns for 2019 is still on April 15. This has led to mild panic among taxpayers as they try to deal with their tax obligations on top of worries concerning the spread of the coronavirus.
But a local tax filing and payment platform has announced a plan to assist Filipino taxpayers, particularly freelancers, self-employed professionals and small business owners, to file their ITRs hassle-free and on time.
Taxumo is also offering to help Filipino doctors and other medical professionals with their tax obligations with free use of its tax filing and payment service for two months.
To avail of this service, they only need to email [email protected] with a photo of their medical license, as proof of their profession.
For regular taxpayers, Taxumo says it now offers a one-time ITR tax filing and payment option for its subscribers. The platform works by allowing users to simply input their income and expenses, after which it will automatically compute their tax dues, fill up the BIR tax forms, and even pay their taxes online.
The Filipino startup also announced that it is reducing its annual subscription packages as a way to help taxpayers cope during these uncertain times.
Professional plans now cost only P700 a month from P888 a month (billed annually); the annual Micro Business plan, currently at P1,888 a month, now costs only P1,500 a month; while the annual Small and Medium Business plan (for taxpayers with VAT), is down to P2,300 a month from the previous price of P2,888 a month.
“We at Taxumo know how this pandemic is taking its toll on our livelihoods and communities,” says Taxumo CEO EJ Arboleda. “As business owners ourselves, we realize that even with these safety measures, there will be an undeniable impact on your businesses. We unite with the taxpaying Filipino community and believe that together, we can surpass the challenges we are currently facing.”
In a report in the Manila Bulletin, the BIR said it will issue a memorandum denying multiple requests from different government agencies to extend its traditional April 15 deadline because of COVID-19. BIR Deputy Commissioner for Operations Arnel Guballa said the Bureau is encouraging citizens to use online facilities to file their ITRs and pay the correct taxes.
This was in support of the BIR’s own Revenue Memorandum Circular No. 25-2020 issued by Commissioner Caesar Dulay last March 16 urging all taxpayers to comply with tax obligations using the internet.