All You Need to Know About Estate Tax in The Philippines

Did you know that when you inherit a property, you’d need to pay the estate tax (or inheritance tax) to transfer the property from the (deceased) owner’s name to yours? If you do not pay the estate tax, the property will not be transferred to your name and a certificate of title cannot be issuedContinue reading “All You Need to Know About Estate Tax in The Philippines”

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5 IDs You Must Have This Year

This year, make it your resolution to always have a valid, government-issued ID in your possession all the time. And while you’re at it, why not make it your goal to complete these five IDs before the end of the first month of the year? Here’s the list of IDs, where you can get them,Continue reading “5 IDs You Must Have This Year”

How To Get A TIN Even If You Are Unemployed

You can get your very own Tax Identification Number (TIN). Actually, you ARE supposed to get your TIN before your very first job. Your TIN is needed for tax filing and payment and is your proof that you are a taxpayer. You will also be asked to present your TIN when transacting with government agencies,Continue reading “How To Get A TIN Even If You Are Unemployed”

How to Change Your Marital Status with the BIR

Most of us, if not all of us, acquired our Tax Identification Number (TIN) when we landed our first job… and yes, while we were still single.  But how does a taxpayer, especially women, update her civil status with the BIR after he or she is married? I don’t think there is a way toContinue reading “How to Change Your Marital Status with the BIR”

Can I Get a TIN from BIR Even If I am Unemployed?

A Tax Identification Number (TIN) is assigned to an individual who will soon be paying taxes, either as an employed or self-employed income-earner.  However, a lot of people are wondering if, as an unemployed individual, they too could apply for their TIN. The answer is yes. Under Executive Order 98 (E.O. 98), persons transacting withContinue reading “Can I Get a TIN from BIR Even If I am Unemployed?”

How to Get a BIR TIN ID Online

If you still do not have a Tax Identification Number, it’s high time you get one.  Every Filipino, whether employed or self-employed, must have a TIN.  Your TIN ID is a valid, government-issued ID that will never expire. It has become easier to apply for a TIN ID card from the BIR because now, youContinue reading “How to Get a BIR TIN ID Online”

How to Get the Different Government-issued IDs Required by the DFA

In almost all of your transactions, whether with a government agency or a private corporation like banks, schools, and remittance centers, you will always be required to present a government-issued ID.  It doesn’t matter if you have a company ID, a school ID, or membership cards, agencies will always require you to present a government-issuedContinue reading “How to Get the Different Government-issued IDs Required by the DFA”

The Senior Citizen Discount: How is the SC Discount Computed and are there Exemptions to the Rule?

My balikbayan aunt, who owns two Senior Citizen IDs (one issued in the U.S. and another issued by the OSCA at the Quezon City Hall), had a puzzling experience at a fast food chain last week.  She saw the ad on specialty burgers being sold at half the price as a promotional offering of theContinue reading “The Senior Citizen Discount: How is the SC Discount Computed and are there Exemptions to the Rule?”