It’s the busy season of the year again where we have to prepare our financial statements, inventory listing, and other reports such as tax returns and the required attachments therein. For guidance, please see the list of information below that a taxpayer must know and prepare for before the due date: 1. Renewal of Registration…
January 2018 versions for 1604-C, 1604-F, 1604-E now available Summary: Offline eBIRForms 1604-C, 1604-F, 1604-E, now includes January 2018 version The Bureau of Internal Revenue as of November 5, 2020, gave Revenue Memorandum Circular No. 118-2020 (RMC no. 118-2020) which is effective immediately. The subject of this memorandum is “Availability of Offline Electronic Bureau of…
“Bayanihan Act” was enacted early this year 2020 granting the President additional authority to combat the COVID-19 pandemic in the Philippines. Republic Act No. 11469 also known as The Bayanihan to Heal as One Act or the “Bayanihan Act” was enacted early this year 2020 granting the President additional authority to combat the COVID-19 pandemic…
JuanTax Attorney Consultations in Partnership with Legal Tree is now accessible inside the JuanTax platform, exclusively for PLUS subscribers! With just a few clicks, you can submit your legal concerns and receive legal counsel for your business and personal needs. Legal Tree is a tech startup and a social enterprise with the goal of making…
Due to COVID-19 the Bureau of Internal Revenue (BIR) is reducing the number of audit investigations by encouraging an increase in voluntary tax compliance. This is to limit taxpayer contact and apply related protocols and social distancing measures while, at the same time, maximizing revenue collection with the least administrative costs. Revenue Regulations (RR) No.…
RMC 82-2020: Prescribing Guidelines on the Use of eAFS System for the Submission of Attachments to the Income Tax Returns of Taxpayers with Fiscal-Year Accounting Period and in the Submission of Attachments to the Quarterly Income Tax Returns Guidelines for eAFS system for ITR attachments Summary: Submission of attachments to ITRs of taxpayers adopting the…
BIR revised Checklist of Documentary Requirements for Business Registration BIR removes mayor’s permit as mandatory document Summary: Checklist of Documentary Requirements Removal of Mayor’s Permit as a mandatory requirement The Bureau of Internal Revenue has directed online sellers to register their business activities and settle their taxes not later than July 31,2020. Those business owners…
