Freelancer Business Registration Guide
How to Register Your Freelancing Business with the BIR
The gig economy is a growing alternative a lot of Filipinos are taking advantage of right now. And with the pandemic forcing a lot of people out of their jobs, most people turn to freelancing as their main source of income.
But because freelancing isn’t widely accepted (yet), there exist few resources about it. So if you’re looking for an updated guide on how you can register your freelance business, this guide is for you.
Under the eyes of the Philippine government, any income you earn is taxable. That includes income coming from freelancing projects. That’s why it’s essential you register your freelancing business early on in order to avoid unnecessary headaches later.
Why register your freelancing business
Aside from the legal consequences, there are a lot of benefits of registering your freelancing business:
- Show credibility — when you register your business, you will have a document called the Certificate of Registration (also known as BIR Form 2303) that serves as proof that you are a legitimate business
- Ability to issue receipts — most companies here or abroad require official receipts as proof of their…
