New Guidelines in filing of ITRs (Revenue Memorandum Circular No.14 and 16- 2015) All taxpayers mandated to use eFPS/eBIRForms are advised to use the latest version of Offline eBIRForms Package in filing their income tax returns (v4.7.07). The filing involves a initial 5-step process as follows: 1. Download and install the Offline eBIRForms package v4.7.07 […]

Clarification on filing of no-payment returns (Revenue Memorandum Circular No. 12-2015) The following taxpayers with “no-payment” income tax returns (ITRs) are NOT obligated to file using the online eBIRForms, as prescribed in Revenue Regulations (RR) No. 6-2014 and 5-2015. They can file their BIR Form 1700 manually with the Revenue District Office (RDO) using officially […]

Clarification on tax filing by clients of accredited tax agents (RMC No. 11-2015) Under Revenue Regulations No. 6-2014, “Accredited tax agents/practitioners and all its client-taxpayers” who are non-eFPS filers are required to use the online eBIRForms in filing their returns. In this RMC, it is clarified that “client-taxpayers” shall mean those who are authorizing their […]

Compromise penalties for non-submission of SLSPs, alphalists and other violations (Revenue Memorandum Order No. 7-2015 March 23,2015) The following major changes were introduced in the revised schedule of compromise penalties : 1. P1,000 per failure to submit per return or per information, up to P25,000 per year for each category. One information per buyer/seller is […]