Tax Reform: How to Change from VAT to Non-VAT

Tax Reform TRAIN Changing from VAT to Non-VAT

The Tax Reform for Acceleration and Inclusion, more popularly known as TRAIN, has amended the tax code to increase the VAT Threshold from P1.919 Million to P3.0 Million. If you are a registered VAT taxpayer earning less than P3.0 Million, you may now opt to be non-vat instead. This is great for services and high margin businesses as this will most likely result in tax savings.

Find out how to change your tax type to Non-VAT here…

EJ has 17 years of experience in IT, Service Management, Project Management, Development, and Marketing. He is also the CEO of Taxumo and a Trainer/Consultant for Digital Marketing.

How to Transfer Your RDO Using BIR Form 1905

How-to-transfer-your-RDO-using-BIR-Form-1905

Congratulations! You’ve finally decided to resign from your job and go full time into your profession. Whether you’re going to become a freelancer, a licensed professional, or a small business owner, you’re now your own boss! Now to make sure that things are on the up and up, the first thing you’ll have to do is transfer your RDO – from the RDO of your employer to YOUR RDO. Fortunately, the process is easy and quite painless by using the BIR Form 1905.

Learn how to transfer your RDO here…

EJ has 17 years of experience in IT, Service Management, Project Management, Development, and Marketing. He is also the CEO of Taxumo and a Trainer/Consultant for Digital Marketing.