The current pandemic has made it evident that there is a need for transformation in current payment schemes, and processes, especially on the part of the government. While we are still not out of the woods in terms of the global health crises, there has been an increase in the number of convenient ways in which you deal with government concerns. And one of these includes the easier payment of taxes thanks to various payment methods.
Payment options come with their corresponding gateway or convenience fees (typically a minimal amount like P20). Now, you just need to make sure you have proper accounting and bookkeeping, so you can pay the correct tax dues to the BIR or Bureau of Internal Revenue. If you need clarification or if this is your first time filing, below is the list of payment channels and methods which you may utilize this in-coming tax season.
1. Payment over the counter
Traditional over-the-counter payments and transactions are still widely accepted modes of payment when it comes to government processes. That said, you can pay over-the-counter through Dragonpay Bank and Non-Bank facilities. The latter includes the following:
- Bayad Centers
- LBC branches
- SM Payment Counters
- Robinsons Department Stores (RDS)
- Cebuana MLhuillier and M.Lhuillier Branches
Alternatively, you can also pay over-the-counter ATMs like Banco de Oro (BDO), Bank of the Philippine Islands (BPI), Rizal Commercial Banking Corp (RCBC), Chinabank, Philippine National Bank (PNB), Unionbank, and United Coconut Planters Bank (UCPB), provided that your bank of choice is on the list of AABs, or Authorized Agent Banks. This said list can be found on the BIR website.
2. Online banking channels
Online payments may also be made through bank transfers. However, this option is only available for taxpayers enrolled in the BIR Electronic Filing and Payment System (eFPS). In this case, it would be beneficial for you to have access to a mobile banking app or online account for ease of payment.
3. Landbank link.bizportal
Landbank. Bizportal’s primary service offerings include helping clients pay for services and products online. It can also be used to settle BIR dues. All you need is to either have a Landbank ATM current or savings account, a BancNet ATM debit or prepaid card, or an RCBC and Robinsons Bank depositors who use PESONet facilities. Accepted methods for tax payment include Bank transfer through Landbank, ATM, prepaid card, debit card, or PESONet.
BancNET debit or ATM card holders and Visa or Mastercard credit card holders can pay using credit or debit cards through the DBP, a government-owned bank that allows for electronic payment of tax. This facility’s service does come with an additional service fee.
5. Unionbank Online App
Taxpayers with a union bank account may execute a bank transfer online.
6. Online Wallets
Thanks to technology, you can now use various online wallets to pay your taxes. You can try the following:
All taxpayers with Globe or TM registered numbers registered to GCash with ample funds in their mobile wallet may pay for their taxes through this app. BIR online payments done through GCash do not come with a service fee.
PayMaya, another online wallet, also provides BIR tax payment services, provided the wallet-holder has sufficient funds to shoulder the payment. BIT can be found on the list of billers under the app’s bill section.
Anyone with a GrabPay account can use it to pay tax dues. Just make sure you have enough funds in your wallet for the transactions.
Moneygment app holders with sufficient balance may pay their taxes through the app. It is often used by OFWs, homemakers, and Filipinos without prior banking experience and is beginner friendly.
7. Central business portal
All new Philippine corporations can access the Central Business Portal for BIR-related transactions including tax payments. It also allows for payment of both the annual registration fee and the loose documentary stamp fee.
You can also choose an ECPay option if you don’t have online access or facilities near you. ECPay establishments that accept tax payments are the following:
- Ever Superstores
- Selected Smart and Cignal Distributors
- Selected Petron gas stations
- Selected Tambunting pawnshops
- Selected Western Union Remittance Centers
9. RuralNet Method
People who live in remote areas can conveniently work with their nearest Rural Bank to settle their tax dues. Rural Banks typically maintain RuralNet, which is an accredited payment option. Simply go to the facility nearest you.
10. Options For International Taxpayers
Here is the payment gateway for international users:
- Philippine National Bank or PNB Remit
- Ventaja/Pay Remit
- Skyfreight Branches
There are many options to pay your taxes. The BIR makes it easy for you, so you have no reason to skip or delay payments. Remember, failure to pay the correct taxes can result in stiff penalties. For assistance, call our team of CPAs for accounting, bookkeeping, and tax compliance concerns.