Your complete schedule of submission, filing, and payment of taxes for the whole month of May 2016:
• If you need assistance in the preparation and filing of your taxes, call us at 746 0121 or send us an email at Full Suite.
• This information is gathered from the Bureau of Internal Revenue website and from the Know Your Taxes website.
• The Bureau of Internal Revenue (BIR) now requires the use of their eBIRForms, for more information about the BIR’s new memorandum read our article: eBIRForms — Everything You Need to Know
Ask ko lang po kung pano ang computation kung may nagbayad sa akin ng USD currency? Paano ko sya irereport sa BIR? Thank you!
Short answer: once it converts to local currency, that’s what you report as income.
Long answer: Are you registered as a freelancer / sole prop / corp (Aka a legal entity)? If not, there is no “legal” way to remit your revenue to the BIR.
You have to first register properly.