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Juan accounting ph

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Accounting, Bookkeeping & Tax Compliance

We Provide Best Solutions For Filipino Business

Our aim is to help you manage your finances efficiently, ensuring compliance and maximizing your growth potential. Let us handle the numbers so you can focus on what you do best!

Updates

Difference Between Micro Taxpayers and Marginal Income Earners

In the Philippines, micro taxpayers and marginal income earners are distinct categories, each with specific characteristics and tax implications. Here’s a breakdown of their differences:

1. Definition

  • Micro Taxpayers:
    • Refers to small businesses and self-employed individuals with gross sales or receipts not exceeding P3 million annually. They are often registered with the Bureau of Internal Revenue (BIR) and have specific tax compliance obligations.
  • Marginal Income Earners:
    • Individuals whose income is primarily derived from small-scale activities or sideline jobs, often earning below a certain threshold. They may not be formally registered as businesses and often earn irregular, low amounts. Read more..
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