Category: Tax

Highlights of SONA 2018: What the President Has to Say?

War on drugs, corruption, taxes, healthcare and the promotion of a new House Speaker — These are the highlights of President Rodrigo Duterte’s State of the Nation Address (SONA). A lot of Filipino people found the speech controversial for not only it captured various topics but it was also shrouded by shocking announcements. Flickr July 23, 2018 — Two years after President Rodrigo Duterte took his oath as the President of the Philippines, he returned to the Batasang Pambansa Complex to deliver his third State of the Nation Address and presented the Administration’s current plans in providing changes for the […]

JuanTax as An Alternative to eBIR 7.1: A Definitive Review

One of the worst headaches among business owners in the Philippines are their struggles in preparing and filing taxes. Probably, this is an issue that they might not want to talk about, due to its horrendous nature. Despite the efforts shown by the Bureau of Internal Revenue (BIR) in bringing a much digital approach to its tax filing system and ending the struggle of businesses in tax compliance, some of its critics were still not convinced, thinking that the government sector could do more on this matter. One of those efforts that we’re talking about was the recent launch of […]

JuanTax Launches Its Standalone Version

October 11, 2017 – Wednesday — JuanTax, the first ever Philippine-based cloud tax software launched its newest standalone version which allows users to enter and import transactions, as well as contacts directly into JuanTax. About JuanTax Standalone Primarily, as an add-on for Xero accounting software, one of the essential functions of JuanTax is to push transactions from Xero directly into the tax software, which makes tax filing easier. With this integration, users can easily generate and file their tax reports within seconds. But what if you want to use JuanTax but you don’t have an account with Xero or you’re […]

The Modern Day Challenges in Filing Taxes

Tax filing is one of the most grueling task that an accountant or even ordinary citizens could think of. In fact, a 2015 study conducted by Pricewaterhouse Coopers (PwC), proves this scenario, as the Philippines gained the 127th spot among the list of countries with the easiest tax filing and payment system. Struggling by the Numbers According to the 2015 PwC study called “Paying Taxes 2015,”statistics show that out of 189 countries, the Philippines was ranked 127th among the regions with the most tedious process of filing and paying taxes, with 36 kinds of payments that should be accomplished within […]

JuanTax Present at the 17th ACPAPP National Convention

September 21, 2017 – Pampanga — JuanTax joined the ACPAPP 17th Annual National Convention as an official exhibitor at the Royce Hotel in Clark, Pampanga. The event was attended by various Philippine CPA practitioners and as expected, the convention was filled with inspiring and educational keynotes from various industry leaders and business personalities which focuses closely on the latest when it comes to accounting, PH Taxes and technology. Playing the part of exhibitors at the convention, JuanTax provided demos on using Xero accounting software, and integrating Xero with JuanTax.

Business Registration in PH : A Checklist of All the Things that You Need

Planning to start your own company in the Philippines? Aside from capital, structure and raw materials, you also need to comply with some regulatory requirements from the government to avoid legal consequences. We provided a checklist of all the requirements and permits needed for you to legally operate your business in the Philippines. 1. Register Your Business Name You first need to secure your preferred business name with the Securities and Exchange Commission (SEC). You can use the internet to check if your brand name is unique and doesn’t have a duplicate entity name before registering it with the SEC. […]

It’s Official : JuanTax Included in Xero’s Add-On Marketplace!

June 30, 2017, Friday — Xero officially adds JuanTax, the first ever Philippine based tax filing software to its list of partners in the app marketplace. A Growing Family of Add-Ons Consisting of over 500+ add-ons from various industries such as invoicing, payments, reporting and many others, the Xero app marketplace is the home to some of the best cloud apps for small businesses. And with JuanTax’s latest addition to the roster of apps in the marketplace, the tax software promises to make tax filing easier for Xero users in the Philippines. A New and Exciting Journey In a recent […]

Next to Xero is Juan : Changing the Way We Do Taxes!

Thursday, May 18, 2017 – Makati — Ten Elleven Manila Inc. officially launched JuanTax, the first ever Philippine-based tax software at the Makati Sports Club. The event was deemed a success attended by over 200 accountants, bookkeepers and startup owners present at the event. An Introduction to Xero Starting things off was a keynote from Christian Antono, Account Manager for Xero Asia. He discussed the basic struggles that most accountants face in today’s world, especially in managing cashflow. Christian also discussed the benefits that Xero can bring to help improve the lives of firms and startups, that is through fast […]

An Overview of Percentage Tax

In the Philippines, the term “Percentage Tax” refers to taxes which are levied from people or businesses that sells or leases goods, products and services whose annual sales/receipts are not greater than 1,919,500 PHP and of course, are not registered to VAT (Value Added Tax). Shutterstock Industries and Transactions Included The Bureau of Internal Revenue (BIR) provided a list of all industries and transactions that you, as the individual/business should have engaged with in order to qualify for percentage tax filing. Monthly Filing For monthly filing of percentage tax, what you’ll need to have is BIR Form 2551M. The ones […]

BIR Announcement: ITR Deadline Moved to April 17

Thursday, March 30, 2017 — The Bureau of Internal Revenue (BIR) announces extension of 2016 Income Tax Returns (ITR) filing from April 15 to April 17, 2017. www.bir.gov.ph The Announcement The Bureau of Internal Revenue had issued Revenue Memorandum Circular No. 28-2017, which marks the official announcement for the rescheduling of ITR filing deadline. According to Neri Yu, BIR Chief Legal Officer for Central Visayas, the deadline was moved due to the fact that April 15 falls on Black Saturday, a non-working holiday. In a statement on SunStar Cebu, he said: “The first working day after (April 15) would be […]