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Profits Tax - What you need to know as a Self-Employed


Which tax return is for reporting my business profits / loss and how to report 

 
1. Sole Proprietorship throughout the basis period for that year of assessment

You should report the profits / loss of all your sole proprietorship businesses in Part 5 of your Tax Return - Individuals (BIR60).

 
2. Partnership, or Partnership changed to/from Sole Proprietorship during the basis period for that year of assessment

You should report the profits / loss of  your business in Profits Tax Return - Persons Other Than Corporations (BIR52).
 

How to report, please see

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How Profits Tax is computed 

See

  • Profits Tax
    Includes information on what constitutes assessable profits, basis period, exemption and deductions.

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Related Information and Pamphlets 

See