According to a report from online tax filing platform Taxumo, 30.3% of Filipino online taxpayers declared totally no income during the lockdown. However, 19.1% of online taxpayers also reported an increase to their monthly income.
Local tax filing and payment website Taxumo is holding free online sessions to help self-employed professionals and entrepreneurs who are now struggling to cope with the “new normal”.
To help Filipino doctors and medical professionals with their tax obligations, Taxumo is now offering free use of its tax filing and payment service for two months.
With the income tax filing deadline extended to May 15, 2020, many Filipinos who are stuck at home because of the public health situation can pay their taxes early via the Pay Bills section of the PayMaya app on their phone.
Taxpayers who do not yet have a UnionBank account can also enjoy the tax e-payment platform by signing up for a Taxumo account.
The report paints a more positive picture of the fast-growing freelance workforce who are proving to be more empowered and accountable with their finances, starting with becoming registered with the BIR and filing their taxes diligently.