Guys It's 2022 Na! Let TaxWhizPH Help You With Taxes

Many would dread the word taxes as it quite inconvenient to compute, even discuss the basics and the laws that are related to it. But as the fuel for the better government services and function, they also help the country economically to continue with progress especially we are still recovering from the effects of the pandemic.

Tax expert Mon Abrea,  a former BIR examiner and a staunch advocate of genuine tax reform in the Philippines, comes forward to help the public with these functions with TaxWhizPH, the newly updated mobile app launched by the Asian Consulting Group (ACG) together with its IWAS BUWIS-it 2022 edition book as a do-it-yourself guide on what to do and what to avoid when you compute your taxes. 

GCash e-payments for BIR taxes soars by 286% in 2020

GCash, the undisputed leader and preferred mobile wallet in the Philippines, continues to promote being a one-stop shop for government collections, as it further drives growth on e-payments for the Bureau of Internal Revenue (BIR).

GCash e-payments for BIR taxes soars by 286% in 2020 leading to close to PHP 1.5 billion in tax collections, signifying a shift in user behavior, where customers find it more convenient to pay digitally using the GCash app instead of visiting physical locations. 

“Government online transactions should further grow this year, similar to what we’ve observed in 2020. This trend shall continue not only because of health and safety interests against the pandemic, but also because online payments are more convenient, and has been proven to be one of the most efficient methods for transacting with the public sector,” said Martha Sazon, President and CEO of GCash.

Safety and Convenience drive 2x growth in Tax payments via GCash in H1

The volume and value of transactions of tax payments done through the GCash app doubled during the first six months of the year, buoyed by the growing demand for digital transactions amid the new normal.

GCash saw the value of transactions for payments to the Bureau of Internal Revenue (BIR) surging by 117 percent to P574.89 million in the first half of 2020 from P265.19 million the year prior.

This growth is driven by the 90-percent increase in the volume of BIR transactions during the first semester of the year, ending at 225,222 transactions from 118,731 in the same period last year.