Digital payment solutions have become more imperative now that the notorious coronavirus is still looming. Since no one knows when it’s safe to go out again, the Philippine Bureau of Internal Revenue (BIR) reiterates ways on how you can comply with your annual tax requirements from the comforts of your home.
What is eBIRForms?
Electronic BIR Forms or eBIRForms were designed to enhance the accuracy of the Bureau’s taxpayer data. BIR developed its eBIRForms Package, a tax preparation software created for taxpayers and accredited tax agents (ATA) to fill up tax forms offline.
Since the conventional process of filling up tax returns on pre-printed forms are susceptible to human error, taxpayers may use the eBIRForms to encode, validate and save their data before printing and submitting to the Online eBIRForms System.
The Online eBIRForms System is an online platform that accepts tax returns and automatically computes penalties should the user submit beyond its due date. The System has a dedicated facility for Tax Software Providers (TSP) to test and certify the data generated by their tax preparation software.
Through BIR’s downloadable eBIRForms Software Package (aka Offline Package), you and your assigned ATA may fill up tax returns offline and send the copy to the Online eBIRForms Systems.
What is JuanTax’s Fast File?
Just recently, JuanTax–the first BIR-accredited tax platform under the eTSP–created an online tool that allows taxpayers and ATAs to file and pay their taxes online called Fast File.
In compliance with BIR’s guidelines for third party electronic solutions, Fast File gives e-filers the convenience of preparing, paying, and submitting their tax requirements online. It is safe to use, uses top-grade security to ensure data protection, convenience, and completely digital.
What’s more, Fast File is in partnership with PayMaya to help you pay your taxes without leaving your seat. Should you have questions or concerns in the process of preparing your income tax returns, JuanTax has its customer support ready to assist you.
eBIRForms vs Fast File
Both eBIRForms and Fast File offer convenience in helping you prepare and file your tax requirements even before the due date. However, Fast File also has an integrated payment feature where you can easily pay through the website; this is a service currently not available in Online eBIRForms System.
When it comes to efficiency, you’ll find Fast Track more convenient to use because it’s readily available on its website. All you have to do is create an account for free and you can start preparing your ITRs in no time. However, eBIRForms require you to download the completely filled out form and submit to the System separately.
Fast File was developed by JuanTax to help taxpayers like you comply with your tax obligations on time. It aims to be one of BIR’s most trusted partners in ensuring that tax information and payments are kept up-to-date, especially during this pandemic.
Individuals and non-individual taxpayers who will be using Fast File to submit their ITRs and pay their taxes online will be able to contribute to JuanTax’s initiative of donating 10% of its earnings to PGH Medical Foundation for the creation of protective gears and equipment.
Should you wish to file your taxes today, please visit the website at https://juan.tax/fast-file/.