Taxumo is the easiest way for small business owners, self-employed professionals, and freelancers in the Philippines to prepare, file and pay their taxes. All you need to do is track your income and expenses and Taxumo does the rest (from computing to filling up BIR or Bureau of Internal Revenue tax forms and paying taxes online). You can do all of these things through Taxumo!
The House Ways and Means Committee has approved a bill mandating the creation of an electronic data interconnectivity between the Bureau of Internal Revenue (BIR) and the country’s businesses that use cash-register machines (CRM) or point-of-sales (POS) machines.
The bill may look good on paper but in practice, there are a number of things that needs to be considered. Plus this bill is borderline paranoia.