Effectivity of RR 2-2015 RR 2-2015 requires that, for large taxpayers, CWT certificates to be attached to the SAWT/ITRs should be in scanned/PDF copies and stored in DVD-R. (See Tax Bulletin dated March 10 ) The RR was published on March 6, hence effective on March 21, 2015 (15 days after). This means that the […]
Yearly Archives: 2015
Submission of scanned copies of Form 2307 and 2316
Submission of scanned copies of Form 2307 and 2316 in lieu of hard copies eFPS/electronic submission of SAWT (Revenue Regulations (RR) No. 2-2015) Large taxpayers are now required to submit scanned copies of Certificate of Creditable Tax Withheld at Source (BIR Form No. 2307) and Form 2316 (Certificate of Compensation Tax Withheld) , in lieu […]
Sample Post 2
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Sample Post 1
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P82,000 tax exemption allowance for bonuses
P82,000 tax exemption allowance for bonuses (Republic Act No.10653) President Aquino signed into law Republic Act 10653 which increased to P82,000 the tax exemption allowance for other benefits given to employees such as the Christmas bonus and productivity incentives. The old threshold was only P30,000. The new law also mandates the President to adjust this […]
Sample Publication
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PEZA importers are exempt from BIR ICC/BCC
PEZA importers are exempt from BIR ICC/BCC (Revenue Memorandum Circular No. 4-2015, January 5, 2015) PEZA locators shall now be eligible for accreditation as importers with the Bureau of Customs Account Manager (BoC-AMO) without the need to secure an importer’s clearance certificate (ICC) or a customs broker’s clearance certificate (BCC). However, the BoC may still […]
Extension of filing deadlines for NCR taxpayers
Extension of filing deadlines for NCR taxpayers (Bank Bulleting No. 2015-01) The Bureau of Internal Revenue (BIR) has officially announced that tax returns due on Jan 15, 16 and 19 for taxpayers in the National Capital Region where work has been suspended may be filed on Jan 20. For Tacloban City taxpayers, the Jan 15 […]
Online submission of Certain Annual Income Tax and Excise Tax Returns
Online submission of Certain Annual Income Tax and Excise Tax Returns (Revenue Memorandum Circular No. 2-2015, January 5, 2015) This circular was issued to inform all taxpayers and others concerned on the availability of Offline eBIRForms Package Version 4.7 in BIR Website particularly the following seven (7) returns which can now be submitted online thru […]
Revised requirements for Issuance of BIR ICC/BCC
Revised requirements for Issuance of BIR ICC/BCC (Revenue Memorandum Order No. 1-2015, January 7, 2015) Amendments have been issued to expedite the issuance of BIR Importer’s Clearance Certificate (ICC) / Broker’s Clearance Certificate (BCC) relative to the accreditation of Importers and Customs Brokers. The following requirements have been waived: a. Certified copy of the Certificate […]