Learn how to Pay Your Taxes Online

If your business is not registered with electronic Filing and Payment System (eFPS) of the Bureau of Internal Revenue (BIR) , you could end-up having to spend hours in line at BIR accredited banks on tax payment due dates.

Large corporations and specific industries are mandated to use eFPS. This allows them to pay their taxes online directly through their banks’ respective Internet banking taxesfacilities. Technically every business can register to eFPS but a lot of SMEs still file their taxes manually through eBIR and pay at the bank.

Unless you like standing in line, you actually have several options to pay your taxes online even if you are not registered to eFPS. Here is a step-by-step description on how you would need to proceed.

Option 1: Through GCash by Globe

One easy option is to pay through GCash, the electronic wallet application developed by Globe. GCash charges PHP10 for the services which is quite affordable considering the amount of time you could save.

Here is how you would need to proceed.

Step 1 | After downloading the app and completing your application, you can fund your wallet by going to a Globe store, a partner outlet or even through Paypal.

Step 2 | From the Pay Bills option select Government and then BIR

Step 3 |You will need to provide:

1. Form series & number, the same as your eBIR form
2. Tax type, also indicated in your eBIR form
3. Return period
4. The Tax Identification Number (TIN) of your business
5. The BIR branch code as per your Certificate of Registration
6. The amount to be paid, as indicated on your eBIR form

Step 4 |Confirm the information and finalise

Step 5 | You will receive a confirmation of payment by text message. Make sure you keep it as it will serve as your proof of payment.

Option 2: By Debit or Credit card through PayTax Online

Late last year, the Development Bank of the Philippines (DBP) tied-up with the BIR to enable taxpayers to process their tax payment online using Philippine-issued credit/debit/prepaid cards. DBP charges PHP35 per transaction for payments by Debit Card and PHP35 + 2% of the tax amount for payments by Credit Card.

Landbank also provides a similar gateway called Link.BizPortal.

Here is how you would need to proceed after filing your tax form through eBIR:

Step 1 | Go to www.dbppaytax.com

Step 2 | Provide the following information:

1. Form series & number, the same as your eBIR form
2. Tax type, also indicated in your eBIR form
3. Return period
4. The Tax Identification Number (TIN) of your business
5. The BIR branch code as per your Certificate of Registration
6. The amount to be paid, as indicated on your eBIR form.

Step 3 |Certify that the information is correct and submit.

Step 4 |Select your mode of payment. For this illustration we will select Debit Card

Step 5 |Enter your personal information and proceed with the payment.

Step 6 | Verify the information, provide your ATM card details and submit the payment.

Step 7 | You will then receive an email and text confirmation. Make sure you save those. They will serve as your proof of payment.

These options for SMEs to pay their taxes online are a long awaited addition to the growing variety of cloud and online services available to entrepreneurs and SMEs in the Philippines. You may still not enjoy paying your taxes next time you do it online but at least you would have saved the time, travel and potential headache.

Visit us at cloudcfo.ph or contact us at hello@cloudcfo.ph for more information on how we can support your business here in the Philippines.