Navigating Taxes A Guide For Beginners

Navigating
Taxes: A
Guide for
Beginners
WHY SHOULD
WE PAY OUR
TAXES?
Taxation is the means of government to
generate funds to be used for
infrastructure, health, education, and
other projects that are beneficial for
Filipinos.
3 KINDS OF TAXES AS TO THE
SUBJECT MATTER
1. Individual - Income Tax
2. Properties - Capital
Gains Tax, Estate Tax,
Donor’s Tax
3. Business Tax - VAT,
Percentage Tax, Excise
Tax.
CERTIFICATE
OF
REGISTRATION
DEADLINES OF FILING TAXES / FORMS TO BE USED
(FOR ALL TAX TYPE)
REGISTRATION
FEE (RF)
500
INCOME TAX (IT)
Income Tax is a tax on a person's income,
emoluments, profits arising from property,
practice of profession, conduct of trade or
business or on the pertinent items of gross income
specified in the Tax Code of 1997 (Tax Code), as
amended, less the deductions if any, authorized
for such types of income, by the Tax Code, as
amended, or other special laws.
PERCENTAGE
TAX (PT)
Percentage tax is a business tax imposed on
persons, entities, or transactions specified under
Sections 116 to 127 of the National Internal
Revenue Code of 1997 (also known as Tax Code),
as amended, and as required under special laws.
PERCENTAGE
TAX (PT)
SEC. 116 - PERSONS, WHO ARE NOT VAT
REGISTERED, WHO SELL GOODS, PROPERTIES,
OR SERVICES, WHOSE ANNUAL GROSS
SALES/RECEIPTS DO NOT EXCEED 3 MILLION,
AND ARE EXEMPT FROM VAT UNDER SEC. 109
OF NIRC
VALUE ADDED
TAX (VAT)
Value-Added Tax (VAT) is a form of sales
tax. It is a tax on consumption levied on the
sale, barter, exchange, or lease of goods or
properties and services in the Philippines
and on the importation of goods into the
Philippines.
WITHHOLDING TAX ON
COMPENSATION
EXPANDED
WITHHOLDING TAX
EXCISE TAXES
DOCUMENTARY STAMP
TAX
DONOR’S TAX
ESTATE TAX
"Tax is the lifeblood of
our country"
FILING YOUR TAXES
STEP-BY-STEP
HOW TO I N S TAL L ?
GO TO BIR WEBSITE
WWW.BIR.GOV.PH
CLICK THE DROP-DOWN ARROW
& CLICK "GO TO HOME PAGE"
SCROLL DOWN A LITTLE BIT
CLICK THE LINK AND IT WILL

AUTOMATICALLY DOWNLOAD.
WAIT UNTIL IT FINISH.
GO TO YOUR
DOWNLOADS
CLICK OPEN
CLICK NEXT
CLICK NEXT
CLICK NEXT
CLICK INSTALL
CLICK FINISH
YOU CAN NOW
SEE IT ON YOUR
DESKTOP
NOTE: IF IT DOESN'T APPEAR ON YOUR
DESKTOP, YOU CAN SEARCH FOR IT IN
"START" AND CREATE A SHORTCUT
TO YOUR DESKTOP.
HOW IT LOOKS LIKE
IT IS
NOW
READY
TO USE
REGISTRATION
FEE (RF)
Amount:
Php 500.00
Due date:
JANUARY 31
VALUE ADDED TAX
P – Purchase
I – Input VAT
S – Sales / Service
O – Output VAT
INPUT VAT
Total Amount / 1.12 = Vatable Sales
Vatable Sales x 12% = Input VAT or
Total Amount – VATable Sales = Input VAT
OUTPUT VAT
Total Commissions / 1.12 = VATable Sales
Vatable Sales x 12% = Output VAT or Total
Amount – VATable Sales = Output VAT
OUTPUT VAT – INPUT VAT = VAT PAYABLE
1st Quarter – March 31 : Due date – April 25

2nd Quarter – June 30 : Due date – July 25
3rd Quarter – September 30 : Due date – October 25
4th Quarter – December 31 : Due date – January 25
SUMMARY LISTING OF
SALES AND PURCHASES
(SLSP) OR VAT RELIEF
DOCUMENTARY
REQUIREMENTS
REQUIRED AS
ATTACHMENT TO VAT
RETURN
STEP-BY-STEP
HOW TO I N S TAL L ?
VAT RELIEF
GO TO BIR WEBSITE
WWW.BIR.GOV.PH
SCROLL DOWN UNTIL YOU
REACH THE DOWNLOADABLES &
CLICK IT
SCROLL DOWN TO THE BOTTOM
UNTIL YOU SEE THIS:
CLICK THE ZIP LINK & IT WILL

AUTOMATICALLY DOWNLOAD
GO TO YOUR
DOWNLOADS
CLICK OPEN
CLICK NEXT
CLICK NEXT
CLICK INSTALL
CLICK FINISH
YOU CAN NOW
SEE IT ON YOUR
DESKTOP
HOW IT LOOKS LIKE
IT IS
NOW
READY
TO USE
RELIEF DATA ENTRY

HOW IT LOOKS LIKE
IT IS
NOW
READY
TO USE
RELIEF VALIDATION
HOW IT LOOKS LIKE
IT IS
NOW
READY
TO USE
RELIEF DATABASE BACKUP

SEND TO
[email protected]
INCOME TAX
1st Quarter – March 31 : Due date – May 15

2nd Quarter – June 30 : Due date – August 15
3rd Quarter – September 30 : Due date – November 15
Annual ITR – April 15.
GO TO BIR WEBSITE
WWW.BIR.GOV.PH
SCROLL DOWN UNTIL YOU
REACH THE DOWNLOADABLES &
CLICK IT
SCROLL DOWN UNTIL YOU SEE
THIS:
CLICK THE ZIP LINK & IT WILL

AUTOMATICALLY DOWNLOAD
GO TO YOUR
DOWNLOADS
CLICK OPEN
CLICK NEXT
CLICK NEXT
CLICK INSTALL
CLICK FINISH
YOU CAN NOW
SEE IT ON YOUR
DESKTOP
HOW IT LOOKS LIKE
IT IS
NOW
READY
TO USE
ALPHALIST DATA ENTRY

SEND TO
[email protected]
PAYMENT CHANNELS
BIR Mission
We collect taxes through just
enforcement of tax laws for
Nation Building and the
upliftment of the lives of
Filipinos.
Thank you
for listening!
Don't hesitate to ask any questions!

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CLICK THE LINK AND IT WILL

1st Quarter – March 31 : Due date – April 25

CLICK THE ZIP LINK & IT WILL

RELIEF DATA ENTRY

RELIEF DATABASE BACKUP

1st Quarter – March 31 : Due date – May 15

CLICK THE ZIP LINK & IT WILL

ALPHALIST DATA ENTRY

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