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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

Tax Reporting for Profits Tax (Sole Proprietorship & Partnership)

How Profits Tax is computed

See

Profits Tax
Includes information on what constitutes assessable profits, basis period, exemption and deductions.
Two-tiered Profits Tax Rates Regime

Related Information and Pamphlets

See