What Taxes Does a Company in the Philippines Have to Pay?
1.
Withholding Tax on Compensation (WTC; Monthly + Annual Declaration)：Individual declaration based on basic salary less employees benefits.
2.
Value-Added Tax (VAT; Monthly + Quarterly Declaration)：
All income, expenditure, and formal invoices are taxable and must be declared. Tax Rate 12%.
3.
Income Tax (Quarterly + Annually Declaration)
All Philippine, joint venture and foreign companies：Income Tax Rate 30%.
HOW WE HELP OUR CLIENTS
1.
Financial Statements：
Our professional CPA team can provide Accounting Books, Financial Statements and Revenue Operational Analysis, Employees Salary and Contributions calculations and other services.
2.
Tax Declaration Planning：
Based on the requirements of Bureau of Internal Revenue (BIR), we provide services for Tax Auditing, Checking and Declaration, and Tax Mitigation Planning.
