Summary
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Making ₱100k+ a month from your freelance gig or side business? 🎉 Huge win! But choosing the wrong BIR tax regime can completely bleed your take-home pay. 🩸
Your friend says go with the 8% Flat Rate, but your tito swears by Graduated Rates to deduct your laptop and internet bills. Who's right?
In this video, Attorney Erwin and Attorney Ramon break down the exact math:
📊 The "40% Rule": The quick calculation that tells you exactly which option saves you the most money. 🧾 The "Touch Move" Trap: Why your Q1 choice is 100% irrevocable—pick blindly, and you're stuck for the whole year! 💻 Deductions Decoded: What actually counts as a business expense (and why that Boracay trip won't cut it).
Stop guessing and start keeping more of your hard-earned money legally. ⚖️
This summary is based on the video's description. For general education only; not legal advice for your specific situation.
