How do I file my income tax return in the Philippines as a freelancer or small business owner?
If you’re earning from freelance work, online selling, or rentals, you’re required to file your income tax return in the Philippines either quarterly (BIR Form 1701Q) or annually (Form 1701A). The process involves computing your income, deducting allowable expenses, and submitting the correct forms through eBIRForms or eFPS.
Tip: We offer free initial tax consultation to help you assess if you’re filing the right way and what deductions you can claim.
I need help managing receipts and expenses—where can I find a reliable bookkeeper for hire in the Philippines?
You can hire a bookkeeper in the Philippines to help you track income, sort receipts, and maintain your BIR Books of Accounts. Whether you’re a sole proprietor, Airbnb host, or online seller, organized books are crucial for tax filing and audit readiness.
We offer affordable bookkeeping services with licensed CPAs—plus a free consultation so we can check what setup suits your business.
Do I need to pay taxes on my Airbnb income in the Philippines?
Yes. Income from Airbnb is taxable in the Philippines. As a host, you’re considered self-employed by the BIR and are required to file your taxes just like any other business owner. This includes quarterly and annual income tax returns, and possibly percentage tax or VAT, depending on your earnings.
Learn more during our free consultation on how to declare taxes on Airbnb income properly and avoid penalties.
Is the Airbnb service fee deductible from my income?
Yes. The Airbnb service fee charged to you as a host is considered a deductible expense under BIR rules. That means you can subtract it from your gross income when computing your taxable income—as long as it’s properly documented and recorded.
We can help you record this correctly and make sure all supporting documents are compliant.
How does tax filing work in the Philippines—monthly, quarterly, and annually?
Tax filing in the Philippines is done on multiple schedules, depending on your tax type and registration. Here’s a quick breakdown:
- Monthly – VAT (2550M) or Percentage Tax (2551M)
- Quarterly – Income Tax (1701Q), VAT (2550Q)
- Annually – Annual Income Tax Return (1701A), Renewal of Business Permit
Missing a deadline can lead to penalties, surcharges, and compromise fees. We help ensure you’re always on track with monthly, quarterly, and annual tax filing.
Do I need to withhold taxes in the Philippines as a business owner?
If you pay freelancers, suppliers, or rent an office space, you may be required to file and remit withholding tax in the Philippines. It depends on the type of payee and service. The most common form is BIR Form 0619-E or 1601-EQ.
We’ll assess if you’re legally required to withhold, and help with filing the correct forms.
What happens if I miss my tax deadlines?
Failing to file on time results in:
- 25% surcharge
- 12% interest per annum
- Compromise penalties depending on the tax due
Our Certified Public Accountants (CPAs) can help you file late returns properly and negotiate your penalties if possible. Don’t wait for a letter from the BIR.
What’s included in your free initial tax consultation?
In your free tax consultation with one of our licensed CPAs, you’ll get:
✅ Review of your current setup
✅ Assessment of your income sources (freelance, rental, business)
✅ Guidance on what tax forms you need to file
✅ Advice on bookkeeping, withholding, and potential deductions
✅ BIR registration and compliance check
📞 Message us on Facebook or email us at taxassistph@gmail.com to book your free session.