Tax preparation and filing might not be the most wonderful time of the year for business owners in the Philippines. Imagine the hustle and bustle that business owners go through dealing with downloading and attachments of government requirements to make ends meet instead of focusing on the business side and growing their experience. But how…
Considered as one of TRAIN Law’s most intriguing provisions ever since its effectivity was the 8% income tax rate option. Not only did it became one of TRAIN’s most talked about rules as mentioned by most individuals, but even businesses were also interested about any developments regarding this new tax rate.. So, let’s cut to…
May 9, 2018 — Wednesday — Weeks after the arrival of eBIRForms Package version 7, the Bureau of Internal Revenue released version 7.1 of their application today. About EBIRForms Package 7.1 The updated version of the eBIRForms package was released to introduce new forms such as 0619-E and 0619-F, as mentioned in Revenue Regulations No.…
Wednesday — April 25, 2018 — JuanTax is present at the 26th annual Accounting Teachers Conference which was held at the L’Fisher Hotel in Bacolod City. Shaping What the Industry Needs Hosted by the National Association of Certified Public Accountants in Education (NACPAE), with its theme called “I Teach, I Shine”, the event was filled…
April 25, 2018 — The Bureau of Internal Revenue (BIR) released an upgraded version of their Alphalist Data Entry in the downloadable section of their website. What is Alphalist Data Entry? The Alphalist Data Entry is a downloadable application created by the BIR which was designed to help taxpayers in preparing the Alphalist of Payees…
A new version of the eBIRForms package is now available and can already be downloaded within the BIR’s website. With lots of buzz echoing within this new version of the software, we sneaked right in and tried this one ourselves. In this review we will share everything you need to know about eBIRForms Package version…
April 12, 2018 — Thursday — The Bureau of Internal Revenue (BIR) released eBIRForms Package v.7, and along with this upgraded version are forms that would further accommodate filers when it comes to complying with tax requirements. New/Updated Tax Forms Available Aside from all the other familiar forms present during its previous release, the new…
April 10, 2018 — Tuesday — The deadline for changing of status from VAT to Non-VAT was moved to April 30, 2018. Extending Deadline for the Better In accordance with Revenue Regulations No. 15-2018 that was issued by the Bureau of Internal Revenue (BIR), the deadline for updating of registration from VAT to Non-VAT was…
The Bureau of Internal Revenue (BIR) reminded taxpayers to submit their Income Tax Returns (ITRs) for 2017 sooner than its expected deadline which is April 16, 2018 (Monday) to avoid penalties in late filing. As You Know… The deadline for filing of Income Tax Returns would supposedly take place every April 15, following the close…
March 20, 2018 — Wednesday — The deadline for changing of status from VAT to Non-VAT was moved from March 31 to March 30 (Friday). In Case You’ve Missed It As mentioned in a tax advisory sent out by the BIR (Bureau of internal Revenue), self-employed individuals and/or professionals with gross sales/receipts not exceeding the…
