AABs open on April 1 and 8 to accept tax payments

28 Mar 2017

This Tax Alert is issued to inform taxpayers on the additional banking days and extended office hours of AABs to accept tax payments.

Utilization of preprocessed RELIEF and BOC Data in tax audits

24 Mar 2017

This Tax Alert is issued to inform all concerned of a new procedure in the conduct of tax audits.

BIR clarifies: No changes on required documents for ITR filing

06 Mar 2017

This Tax Alert is issued to inform all concerned on the latest policies regarding the filing of Income Tax Returns.

Suspension of eFPS enrollment from Mach 1 to April 30

20 Feb 2017

This Tax Alert is issued to inform all concerned on the suspension of eFPS enrollment from March 1 to April 30.

Reminder for taxpayers required to use eFPS

09 Feb 2017

Reminder for taxpayers required to use eFPS This is to remind taxpayers mandated to enroll and use the eFPS that the BIR is doing regular monitoring of their compliance (RMO 1-2017) and generating lists of: a. eFPS mandated taxpayers b. eFPS mandated taxpayers who never eFiled c. eFPS mandated taxpayers not enrolled Currently, the following taxpayers are mandated to use the eFPS: 1. Taxpayer Account Management Program (TAMP) Taxpayers (RR No. 10-2014) 2. Accredited Importer and Prospective Importer required to secure the BIR-ICC & BIR-BCC (RR No. 10-2014) 3. National Government Agencies (NGAs) (RR No. 1-2013) 4. All Licensed Local Contractors (RR No. 10-2012) 5. Enterprises Enjoying Fiscal Incentives (PEZA, BOI, Various Zone Authorities, Etc.) (RR No. 1-2010) 6. Top 5,000 Individual Taxpayers (RR No. 6-2009) 7. Corporations with Paid-Up Capital Stock of P10 Million and above (RR No. 10-2007) 8. Corporations with Complete Computerized Accounting System (CAS) (RR No. 10-2007) 9. Procuring Government Agencies with respect to Withholding of VAT and Percentage Taxes (RR No. 3-2005) 10. Government Bidders (RR No. 3-2005) 11. Insurance companies and Stock brokers (RMC No. 71-2004) 12. Large Taxpayers (RR No. 2-2002, as amended) 13. Top 20,000 Private Corporation Penalties shall be imposed for non-compliance.