Filing taxes for Filipino freelancers can be quite confusing. As a freelancer, you have the agency and freedom to offer independent services under self-established terms. This allows for work-hour flexibility, exposure to different work experiences, and the capability to establish your own terms and conditions.

Unfortunately, one thing that remains mandatory- whether you are a freelancer or employee- is the responsibility of paying self-employment taxes and making sure that you pay them on time.

In this article, we go over a simple, step-by-step process to help you file your taxes quickly and accurately.

Why should I use Anantaks for filing taxes as a Filipino Freelancer?

There are a lot of intricacies that go into freelance tax in the Philippines. It can quite easily take away from the job that you’re supposed to be doing. One of the main benefits of freelancing, after all, is time flexibility, which allows you to work on passion projects or spend time with friends and loved ones.

Anantaks is the best online tax subscription platform dedicated to providing you with an efficient and professional tax filing process.

With our team of accountants and CPAs, we’ve come up with a product that provides you with a streamlined process for filing your taxes. Our auto-generated tax forms help you save time and effort - boosting your mental health and clarifying the very confusing intricacies of taxation.

Step 1.) Create Your Anantaks Account

Enter the site address: https://anantaks.com into your web browser and create a free account by putting in your name, your e-mail address, and a password. You’ll also have to verify your account through a link that will be sent to your email account.

Once you’ve verified your account, you’ll then be asked to fill in your business profile. To complete this step, you’ll simply have to enter your complete business details and upload a scanned copy of your Certificate of Registration(CTR).

Safety is our number one priority and Anantaks takes great measures to keep your information safe as we refuse to provide your information to any third-party organization without your consent.

Step 2.) Subscribe To Your Plan

It’s now time to pick out your plan. Anantaks offers many subscription plans depending on your situation:

For freelancers whose annual income does not exceed Php 3,000,000, the Anantaks Self Employed package is perfect as it autogenerates tax forms depending on whether a taxpayer uses a flat income tax rate or the graduated income tax rate.

Should your income exceed Php 3,000,000, the Anantaks VAT Registered Individual package will instantly complete your income tax returns and books of accounts for you.

Regardless of the subscription plan you choose, our software will require you to fill up user-friendly and digestible forms that will immediately produce accurate and complete tax details, such as tax dues and income returns, using Anantaks’ proprietary backend computations.

As you pick a subscription plan, make sure to choose the plan that best fits your situation. Taxation is an exact process and the accuracy of the computations we provide will depend solely on the information you give us.

Step 3.) Prepare and File Your Tax

After you choose your subscription plan and fill in the correct tax information, head over to your cash flow statements, verify that you’ve input the correct details, and then click “submit” on your filing portal.

Once the details have been inputted, Anantaks will generate the required tax forms for you.

Filing taxes with Anantaks is just that easy.

You can also check your books of account by navigating to the “Books” menu on your dashboard. This allows you to view your cash receipt journal, cash disbursement journal, general journal, and general ledger.

While on this page, you could also view previous versions of your books should you ever need them.