We all love the beauty of online transactions. It’s fast, convenient, and you can accomplish all sorts of tasks without getting up your chair. Even filing your taxes is digitized through the eBIR website (https://efps.bir.gov.ph), which is the official BIR site for filing tax returns online. But first, what is an eBIR Form? The electronic…
Ever wondered if you can dispose of those receipts you’ve got tucked away? Well, hold your horses because according to the Bureau of Internal Revenue, you should keep your paper receipts for over 5 to 10 years. It’s the implemented rule by the Bureau of Internal Revenue for the electronic storage of documents. According to…
Nowadays, with the advent of technology and rapidly growing workspaces, distractions are everywhere. You can’t get your reports done in time because your company keeps pulling you out for meetings. In some cases, your work gets delayed because you don’t receive the data you need fast enough. With the nature of your job, you don’t…
3 Reasons Why Digital is Both your Friend and your Foe When does traditional end and digital begin? Digital has wedged its way into our lives slowly and surely, from our school to our jobs. The common workspace used to be filled with bulky computers, filing cabinets, and all sorts of knick-knacks. But now, each…
The implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Law paved the way to a lot of changes in the economy. In providing better services to taxpayers and businesses, The Bureau of Internal Revenue embraced the change through constant improvement of its systems for better tax compliance. July 24, Wednesday, the BIR made…
New changes were implemented last Wednesday, July 24, 2019 as the BIR transitions to apply the provisions under the Tax Reform for Acceleration and Inclusion (TRAIN) Law. With the implementation of the T.R.A.I.N. Law, BIR has issued RMC No. 73-2019: Revised BIR Forms 1604-C, 1604-E, 1604-F & RMC No. 74-2019: Circulation of enhanced BIR Form…
On July 22, 2019, President Rodrigo Duterte addressed the simplification of our tax system in his State of the Nation Address (SONA). A lot of government transactions are known to have confusing lines, long waiting lines, and a lot of paperwork. ABS-CBN News These were the President’s words. For a couple of minutes, the highest…
