Micro business on graduated income tax + percentage tax: your forms
A non-VAT sari-sari store, seller or freelancer on the graduated income tax rates, paying 3% percentage tax, with no employees.
Forms in this pack: Register with BIR; Quarterly percentage tax; Quarterly income tax; Annual income tax return; Annual income tax return (itemized or mixed income); Update or close your registration.
Register with BIR: Once, when you start: gets your TIN and your tax types.
Quarterly percentage tax: Every quarter you report sales and pay the percentage tax.
Quarterly income tax: Three times a year you report income under the graduated rates.
Annual income tax return: Once a year, on the optional standard deduction (OSD).
Annual income tax return (itemized or mixed income): Instead of 1701A if you itemize deductions or also earn a salary.
Update or close your registration: When you move, change your business, or stop.
BMBE: your Certificate of Authority is valid for 2 years. Renew it with your city or municipality.
Renew your mayor's permit: business tax is due within the first 20 days of January (your city may extend it).
Not for: A business with employees (see Small office) or a VAT-registered business.
Not affiliated with BIR, SSS, PhilHealth, Pag-IBIG or any government agency.
- Fill: Register with BIR
- Fill: Quarterly percentage tax
- Fill: Quarterly income tax
- Fill: Annual income tax return
- Fill: Annual income tax return (itemized or mixed income)
- Fill: Update or close your registration
- Guide: 8% income tax vs graduated rates + percentage tax: the rule and the forms
- Guide: How to fill out BIR Form 2551Q (quarterly percentage tax)