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Easy money.
That headline might seem like spam, or worse, a YouTube title, but it’s actually the law.The taxable income of social media “influencers” has been all over the news lately after the Bureau of Internal Revenue issued a circular meant to remind influencers ...
 
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No need to worry.
The Bureau of Internal Revenue issued Revenue Memorandum Circular 97-2021 earlier this month. The circular essentially clarifies the income generated by so-called social media influencers, or those who are earning by producing content through online platforms such as Facebook, Instagram, YouTube, TikTok, ...
 
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But a majority saw their incomes decline.
That the pandemic upended industries is no secret. Many businesses have either shuttered or are still struggling to stem their losses over a year into various levels of quarantine. A new study says, however, that it’s not all bad news for many ...
 
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Sad news, online shoppers.
Don’t check out that cart just yet.The House committee on ways and means has approved a bill that will impose value-added tax (VAT) on digital transactions, thereby amending the National Internal Revenue Code of 1997.Top Story: Celebrities Who Were Rich Even Before They ...
 
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They're mostly freelancers and small business owners.
You don’t have to check your social media feed to understand how devastating the effects of the coronavirus pandemic have been worldwide. Besides the thousands directly infected by the virus, you probably also know people who have lost their jobs or are ...
 
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Taxumo is also lowering its subscription packages for regular taxpayers.
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 ...
 
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The Department of Finance is pushing for a new law on taxes.
We all know being a commuter in Metro Manila is far from being easy, which is why most people save up for years to be able to buy their own car—a solution that has its own set of problems, but that's another story. A new law ...
 
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Find your approximate monthly salary and your monthly income tax.
The tax reform bill signed into law by President Duterte this week affects Filipinos in two ways: First, it significantly slashes taxes across all income brackets, and second, it increases taxes on various goods and services. The following are simplified summaries of ...
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