The Securities and Exchange Commission (SEC) has set December 31, 2015 as the final deadline for corporations to state the specific address of their principal office in their Articles of Incorporation. The registered address should include the street number, street name, barangay, and city or municipality. To comply with the requirement, affected corporations and partnerships […]

On-line TIN registration now available BIR has announced that the technical glitches in the eREG system have been resolved. eREG users can resume on-line TIN application beginning August 10, 2015. For copy of the memo, Please click the button below .

The Bureau of Internal Revenue (BIR) has announced that, starting August 1, 2015, filing of tax returns through the eBIRForms eMail Accounts will no longer be allowed. The move was prompted by numerous email submissions with invalid format or without attachments. If you continue to submit through the email accounts, you will receive a response […]

Consolidated BIR Citizen’s Charter (RMC 39-2015, July 13, 2015) The BIR has circularized a consolidated and updated Citizen’s Charter that provides complete guidelines involving the below enumerated applications/transactions with the BIR. The guidelines cover the documentary requirements, venue and due dates, and the step by step procedures including the BIR offices/persons responsible, processing time in […]

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 […]

Supplemental procedures for manual filing of quarterly ITRs (RMC No. 20-2015) This RMC was posted in the BIR website late afternoon on April 15. The RMC covers the quarterly income tax returns (BIR Forms 1701Q and 1702Q) which are due on April 15 for taxpayers required to use eFPS or Online eBIRForms but were not […]

All concerned taxpayers are mandated to submit an inventory list of cash register machines (CRM), point of sale machines (POS), special purpose machines (SPM) and other similar machines generating sales invoices/receipts used by business establishments in business operations or otherwise, and are physically located in said business premises. Following are the guidelines: 1. Deadline – […]

Clarifications on submission of the Scanned Copies of Forms 2307 and 2316 (RMC No. 24-2015) This RMC clarifies the pertinent provisions of RR No. 2-2015 which requires the submission of scanned copies of the Certificate of Creditable Tax Withheld At Source (BIR Form No. 2307) and the Certificate of Compensation Payment/Tax Withheld (BIR Form No. […]

Guidelines on the Proper Filing of Income Taxes Withheld (RMC 22-2015) This RMC recommends the following procedures on the proper filing of tax returns (Forms 1601-C and 1601-E) of taxpayers who are mandatorily required to use the eFPS and the eBIRForms. Under this RMC are the following procedures: 1. For taxpayers who are using the […]

Filing of VAT and Percentage Tax Returns (RMC 21-2015) This RMC covers VAT and percentage tax returns (Forms 2551M, 2551Q, 2550M and 2550Q) of taxpayers required to use the eFPS and Online eBIRForms. These are the prescribed procedures: 1. Taxpayers filing returns with payment or without payment using Offline eBIRForms shall follow the procedures under […]