eBIR Forms now available

17 Mar 2014

The BIR has released the eBIR Form System Package which contains the latest income tax returns (ENCS Version June 2013) which are required to be used by taxpayers covering and starting taxable year ended December 31, 2013.

Further deferment of ITR disclosure requirement

11 Feb 2014

The Bureau of Internal Revenue has made optional the disclosure requirement for individuals who are required to file their income tax returns (BIR Forms 1700 and 1701) on or before April 15, 2014.

New BIR Forms

10 Feb 2014

The BIR has released new BIR forms which should be used for filing the income tax return (ITR) starting for taxable year ended December 31, 2013.

Clarification on the mode of submission of alphalist

29 Jan 2014

The BIR has issued the following clarifications on the submission of the alphabetical list of employees and list of payees on income payments subject to creditable and final withholding tax (alphalist) in accordance with Revenue Regulations No. 1-2014.

Compliant alphalists as condition for deductibility of expenses

13 Jan 2014

The submission of alphalists where the income payments and taxes withheld are lumped into one single amount (e.g. “various employees”, “various payees”, PCD nominees”, “Others”, etc.) shall no longer be allowed. Such alphalists including any alphalist that does not conform to the prescribed format thereby resulting to the unsuccessful uploading into the BIR system shall be deemed not received and shall disqualify the deductibility of the expense for income tax purposes.