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PH · Accounting & Tax

Accounting & Tax
Philippinen

Professional accounting and tax advisory for your Philippine Corporation or OPC — 100% remote, using QuickBooks/Xero with personal support via WhatsApp, Telegram and email.

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Corporate Tax20–25%

VAT12%

Tax YearCalendar

BIRBIR

Last updated: 04/2026

Overview

Why Philippines?

The Philippines has reduced the corporate tax rate to 20% for small companies (net income below PHP 5M) and 25% for larger companies. ROHQs (Regional Operating Headquarters) pay only 10%. VAT is 12%.

PEZA (Philippine Economic Zone Authority) offers tax exemptions for companies in economic zones — similar to freezones in Dubai. PEZA companies can benefit from 0% corporate tax for up to 8 years.

Strasia Group offers complete accounting and tax services for the Philippines: from ongoing bookkeeping to monthly BIR filings and annual tax returns. We use QuickBooks and Xero and communicate via WhatsApp, Telegram, or email.

Our Services & Your Benefits

PEZA: 0% Tax PossiblePEZA-registered companies in economic zones can benefit from 0% corporate tax for up to 8 years.

Reduced Rate for SMEsSmall companies with net income below PHP 5M pay only 20% corporate tax.

SRRV & SIRV ComboCombination of company formation and SRRV/SIRV visa for long-term residence and business activity.

Cloud-based AccountingWe use QuickBooks, Xero, and modern tools. Communication via WhatsApp, Telegram, or email.

OPC: Simple StructureThe One Person Corporation (OPC) enables a simple company structure with a single shareholder.

Our Accounting Process

BIR Registration

1–2 Weeks

Registration with the Bureau of Internal Revenue (BIR) and receipt of the TIN (Tax Identification Number).

Ongoing Bookkeeping

Ongoing

Monthly recording of all business transactions via QuickBooks/Xero per Philippine Financial Reporting Standards (PFRS).

Monthly BIR Filings

Monthly

Monthly submission of VAT return (BIR Form 2550M) and income tax advance payments with the BIR.

Annual Tax Filing

1–2 Weeks

Filing the annual corporate tax return (BIR Form 1702) and annual financial statements with the BIR and SEC.

Frequently Asked Questions

What is PEZA and what tax benefits does it offer?

PEZA (Philippine Economic Zone Authority) registered companies in economic zones can benefit from 0% corporate tax for up to 8 years and then a reduced rate of 5%. We advise you on the optimal structure.

What is an OPC?

A One Person Corporation (OPC) is a Philippine company structure with a single shareholder — ideal for sole entrepreneurs and expats. It offers the same benefits as a regular corporation but with simpler administration.

What software does Strasia Group use?

We use modern cloud-based accounting software such as QuickBooks and Xero. Documents can be submitted via Google Drive, Dropbox or post. Communication is via WhatsApp, Telegram and email.

When is the tax return due in the Philippines?

The annual corporate income tax return (BIR Form 1702) must be filed within 60 days after the financial year end. Quarterly advance payments are due within 60 days after the quarter end.

What is an OPC and what tax benefits does it offer?

An OPC (One Person Corporation) is a single-person company in the Philippines. It pays 20% corporate tax (for companies with net income below PHP 5M) and offers full limited liability without minimum capital requirements.

Can Strasia handle bookkeeping fully remotely?

Yes — we handle all bookkeeping, VAT returns, annual accounts and tax filing fully remotely. Documents are submitted via Google Drive, Dropbox or post. Communication is via WhatsApp, Telegram and email.

What are the reporting obligations with the BIR in the Philippines?

Philippine companies must file monthly VAT returns (BIR Form 2550M), quarterly expanded VAT returns (BIR Form 2550Q) and quarterly income tax returns (BIR Form 1702Q). The annual tax return (BIR Form 1702) is due by April 15. Additionally, withholding tax returns (BIR Form 1601-C) must be filed monthly.

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Tax Comparison

Philippines20–25%

Hong Kong0–16.5%

Singapore0–17%

Dubai0–9%

Labuan0–3%

USA0–21%

Germany~30%

Netherlands19–25.8%

France25%

Tax Rates & Compliance Obligations Compared

Criterion	Philippines	Hong Kong	Singapore	Dubai	Thailand
Corporate Tax	20–25%	0–16.5%	0–17%	0–9%	15–20%
Capital Gains Tax	15%	0%	0%	0%	0%
GST / Sales tax / VAT	12%	0%	9%	5%	7%
Tax Filing Deadline	60 days post-FY	Depends on financial year end	30 Nov	9 months post-FY	7 months post-FY
PEZA Tax Exemption	Yes (0–8 years)	A	A	Yes (Freezone)	Yes (BOI)

Corporate Tax20–25%

Capital Gains Tax15%

GST / Sales tax / VAT12%

Tax Filing Deadline60 days post-FY

PEZA Tax ExemptionYes (0–8 years)

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Data as of 2026. Information subject to change.

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Accounting & TaxPhilippinen