Understand Profits Before Paying "Taxes" (PART 1)
“Profit” is a financial gain from a business operation. It is also the best-known measure of success and stability in the business since...
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Value Added Tax: VAT System and Duty of Entrepreneurs (PART 3 – FINAL)
Is our business cost higher than other entrepreneurs after registering the VAT as we have to pay VAT every time we purchase goods or...
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Value Added Tax: VAT System and Duty of Entrepreneurs (PART 2)
From the previous articles, we already know what the criteria for tax registration are, whether our business is exempt from VAT, or...
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Value Added Tax: VAT System and Duty of Entrepreneurs (PART 1)
What is Value-Added Tax? Value added tax or VAT is a type of tax under the Revenue code which is levied on consumption spending on goods...
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Withholding Tax (PART 2 – FINAL)
After we have understood the general principle of withholding tax, in this article, we will be giving you more information about types of...
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Withholding Tax (PART 1)
Withholding tax... The payer of the income is a person who has duty to withhold or deduct the tax from the income and such tax is to be...
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Types of Business
Many of you may have seen various types of business operations. Some people operate their businesses alone—setting up, selling product,...
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Operating New Business!! What Types of Business Taxes Should You Know?
Many amateur entrepreneurs may not know that apart from knowing how to manage your business, tax is something very important and...
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What Is an Abbreviated Tax Invoice?
An abbreviated tax invoice is an important documentation for a “retail business” which sells goods directly to customers or provides...
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