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Updated: 2 October 2015
16 December 2009
Schedule for filing and payment of taxes
Freelancers in the Philippines will have to file taxes within the calendar year of their business operation. These taxes include the annual registration fee, annual tax (or the income tax return), quarterly tax, and percentage tax (or monthly tax) for non-VAT taxpayers whose yearly income does not exceed PhP550 thousand. We seek the professional service of an account to furnish us a financial statement in filing ITR, should our annual income reach PhP550 thousand.
A. Annual Registration (Section 236, NIRC)
A freelancer renewing his BIR registration shall pay on or before January 31 every year the amount of PhP500 (with filled-out BIR Form 0605 or download the zipped Excel file ready for encoding) to any of the following: the BIR personnel assigned at the municipal office, the BIR office, or any accredited agent bank (AAB) of the BIR. See the Taxpayer's guide for the registration and/or updating (i.e., stamping) of accounting books on or before December 31.
B. Income Tax Returns (Section 74, NIRC)
You may request your accountant to accomplish the needed forms for you. But if you have learned to accomplish your accounting books, then you have an equal grasp of what to write on these BIR forms. The basic rule applies: if you don't know how to do something, then ask the one who does. If you still find no one who can answer your question the time you need the answer, then just leave that part of the form blank (I did this and no one from the BIR scolded me). But take heart, you will understand these things in due time.
Schedule for Filing and Payment of Taxes Due
|Period||Months||BIR Form*||Due Date|
|1st Quarter||Jan-Mar||1701Q||April 15|
|2nd Quarter||Apr-Jun||1701Q||August 15|
|3rd Quarter||Jul-Sep||1701Q||November 15|
|Annual||Jan-Dec||1701||On or before April 15 of the following year|
new BIR Form 17011701)
trike out the 1st, 2nd, and 3rd quarters and affix the 4th quarter. Form 1701 covers all months of the previous year. You may read further, "Taxation for the Filipino freelancer: Do we file or pay for the 4th quarter separately?"