In summary, knowing how to compute taxable income is crucial for businesses in the Philippines. By following the steps outlined above or using tools like Taxumo, you can stay compliant with tax laws and avoid any penalties or fines. Businesses: How to Make Things Easier For … The Future of...
When shipping from the Philippines to the US, it is crucial to understand each country's customs regulations. 3. Understanding customs fees Customs duty is a tax imposed on goods when they move across borders. The U.S. Customs and Border Protection (CBP) uses the Harmonized Tariff Sc...
This is how to avoid PayPal's currency conversion fees Banks and money transfer providers often give you a bad exchange rate to make extra profits. You might ask the question – how to avoid these fees? Open aWise accountfor free, and you don’t have to pay a currency conversion spread ...
Besides paying for shipping, businesses will need to take note of custom duties and taxes. You do not have to pay customs tax when exporting from the Philippines. Custom tariffs, taxes, surcharges or tariff quotas are also not levied on Hong Kong’s import goods as the specia...
However, you may still need to pay exchange rate fees to your bank if you want to withdraw money abroad. 4. Make fewer, larger withdrawals If you need to withdraw cash abroad, try making fewer, larger withdrawals. This can help you avoid paying multiple ATM bank fees for taking out cash...
“It was a dramatic change,” says Jose Murillo, EY Americas International Tax and Transactions Services Leader, “that triggered immediate questions about how to comply with new rules and broader conversations about the very nature of tax information and its confidentiality.” ...
(OFW) currently working in the UK, exchanging the Great British Pound for the Philippines peso is an essential practical task. You need to tackle it with confidence. You must get the currency exchanged at a reasonable rate before you cansend money to Philippines.To avoid the mess and hurdle...
Step by Step Guide on How to Pay Your BIR Taxes Online in the Philippines 3 Ways on How to get a PSA Birth Certificate – Walk In and Online for Pinoys Abroad [/box] 1. Check your Documents or IDs The best place to find your TIN is through your TIN ID if you have one. If not...
In the previous articles you have seen how to add, view, edit and delete WHT tax using Deskera Books. Let is now take a look at, how the WHT is applica
Moving to Territorial Tax Countries There are several ways to reduce taxes by living overseas, from travelling as a nomad to maintaining homes in different places. Still, if you have established wealth, you may want to avoid feeling obliged to keep moving constantly. So, how do you live in ...