Know the schedule of submission, filing, and payment of taxes for the whole month of March 2016.

In the meantime, we would like to inform individuals/professionals/freelancers and business owners, that the deadline of filing and payment for the annual income tax is on April 15th. Please prepare and file early to avoid penalties.

If you need assistance in the preparation and filing of your Annual Income Tax Return, call us at 746 0121 or send us an email at Full Suite.

This information is gathered from the Bureau of Internal Revenue website and from the Know Your Taxes website.

The Bureau of Internal Revenue (BIR) now requires the use of their eBIRForms, for more information about the BIR’s new memorandum read our article: eBIRForms — Everything You Need to Know

Schedule of Submission, Filing, and Payment of Taxes

know-your-taxes-january-2015-week-1

1 Tuesday

SUBMISSION

•  Consolidated Return of All Transactions based on the Reconciled Data of Stockbrokers

•  Engagement Letters and Renewals or Subsequent Agreements for Financial Audit by Independent CPAs

•  Annual Alphabetical List of Taxpayers (Individual/Corporations) who were issued Provincial/City/Municipal/Barangay Permits to engage in business by LGUs

•  Annual Inventory List with required applicable schedules (hard & soft copies) of finished goods, work in process, raw materials, supplies and stock-in trade of taxpayers

•  Attachments to e-Filed 1702 RT, MX & EX

¤  Audited Financial Statements together w/ the Summary Alphalist of W/holding Agents of Income Payments Subjected to W/holding Tax (SAWT);

¤  Photocopy of the Certificate of Entitlement (CE) for Income Tax Holiday (ITH) issued by BOI/BOI-ARMM;

¤  Photocopy of the Certificate issued by PEZA;

¤  Statement of Management’s Responsibility.

e-SUBMISSION

•  Quarterly Summary Lists of Sales/Purchases by a Value Added Tax (VAT) registered taxpayers – eFPS

•  1604E Alphalist of Payees CY 2015

e-FILING/FILING

•  1604E Annual Information Return of Creditable Income Taxes Withheld (Expanded)/Income Payments Exempt from Withholding Tax-Manual (w acknowledgement receipt/successful validation message generated by the BIR System as proof of submission)

REGISTRATION

•  Computerized Books of Accounts & Other Accounting Records in CD-R, DVD –R or other optical media properly labeled with the information required under existing revenue issuances together with the affidavit attesting to the completeness, accuracy and appropriateness of the computerized accounting books/records

 

5 Saturday

SUBMISSION

•  Summary Report of Certifications Issued by the President of the National Home Mortgage Finance Corporation (RA 7279)

e-FILING/FILING & e-PAYMENT/PAYMENT

•  2000-Documentary Stamp Tax Declaration/Return

•  2000-OT Documentary Stamp Tax Declaration/Return (One-Time Transactions)

 

Know Your Taxes

8 Tuesday

SUBMISSION/e-SUBMISSION

•  Transcript sheets of the following, except for Tobacco Products & Regulated Materials, submission is w/in the 5th day of the Month after the end of the operation

¤  2.08-ORB (A-1)     2.43-ORB              31.18-ORB

¤  2.08-ORB                2.61-ORB               31.27-ORB

¤  2.11-ORB                  2.68-ORB              31.46-ORB

¤  2.14-ORB                  2.69-ORB              31.46-Auxiliary Register Book (L71/2)

¤  2.17-ORB                  2.69A-19-ORB     38.01-ORB

¤  2.17a-ORB                2.70-ORB              398 ORB

¤  2.20-ORB                 2.83-ORB              398-1 ORB

¤  2.36-ORB                 31.01ORB(L7)

•  Transcript sheets of ORB used by manufacturers/assemblers, importers and wholesalers of automobiles

e-SUBMISSION

•  Monthly e-Sales Report for all Taxpayers using CRM/POS with TIN ending in even number

 

10 Thursday

SUBMISSION

•  Transcript Sheets of 2222-ORB

•  List of Buyers of Sugar Together with a Copy of Certificate of Advance Payment of VAT Made by Each Buyer appearing in the List by a Sugar Cooperative

•  Information Return on Releases of Refined Sugar by the Proprietor or Operator of a Sugar Refinery or Mill

•  Monthly Report of DST Collection and Remitted by the Government Agency

•  Importer’s Notarized Liquidation Statement together with the required applicable attachments

e-SUBMISSION

•  Monthly e-Sales Report for all taxpayers using CRM/POS with TIN ending in odd number

e-FILING/FILING & e-PAYMENT/REMITTANCE

•  1600 together w/ the Monthly Alphalist of Payees (MAP)

•  1606

e-FILING & e-PAYMENT/REMITTANCE

•  Withholding Tax Remittance Return/s for 1600, 1601C, 1601E & 1601F with the Corresponding Electronic Tax Remittance Advice/s (eTRAs)-National Government Agencies

FILING & REMITTANCE

•  1601C & 1602- Non-eFPS

•  2200M Excise Tax Return for the amount of Excise Taxes collected from payment made to Sellers of Metallic Minerals

•  1601E & 1601F together with the Monthly Alphalist of Payees (MAP)- Non-eFPS

e-FILING & e-PAYMENT/REMITTANCE

•  1601E & 1601F together with the Monthly Alphalist of Payees (MAP)- National Government Agencies

DISTRIBUTION

•  2307- Certificate of Creditable Tax Withheld at Source (VAT/Percentage Tax)

•  2306 – Certificate of Final Tax Withheld at Source (VAT/Percentage Tax)

 

11 Friday

e-FILING

•  1601C & 1602-eFPS filers under Group E

•  1601E & 1601F together w/ the Monthly Alphalist of Payees (MAP)- eFPS filers under Group E

 

12 Saturday

e-FILING

•  1601C & 1602-eFPS filers under Group D

•  1601E & 1601F together w/ the Monthly Alphalist of Payees (MAP)- eFPS filers under Group D

 

Know Your Taxes

 

13 Sunday

e-FILING

•  1601C & 1602-eFPS filers under Group C

•  1601E & 1601F together w/ the Monthly Alphalist of Payees (MAP)- eFPS filers under Group C

 

14 Monday

e-FILING

•  1601C & 1602-eFPS filers under Group B

•  1601E & 1601F together w/ the Monthly Alphalist of Payees (MAP)- eFPS filers under Group B

 

15 Tuesday

REGISTRATION

•  Permanently Bound Computer – Generated/Loose Leaf Books of Accounts & other Accounting Records such as but not limited to Receipts & Invoices together w/ the affidavit/certificate under oath as to the type of books,no. of pages/leaves used & volume number during the TY

SUBMISSION

•  Monthly Summary Report/Schedule of Transfers of Titled and Untitled Properties by City or Municipal Assessors, RDs and LRAs

•  Summary List of blank OCTs/TCTs/CCTs issued to all RDs

e-SUBMISSION

•  Quarterly Summary List of Machines (CRM-POS) Sold by all machine distributors/dealers/vendors/suppliers

FILING & PAYMENT

•  1707A together with the applicable attachments by corporate taxpayers

•  1704 together with the applicable attachments

e-FILING/FILING & e-PAYMENT/PAYMENT

•  1702 RT, MX & EX by Corporations, Partnerships and Other Non-Individual Taxpayers together with the required applicable attachments

•  Audited Financial Statements together w/ the Summary Alphalist of W/holding Agents of Income Payments Subjected to W/holding Tax (SAWT);

•  Photocopy of the Certificate of Entitlement (CE) for Income Tax holiday (ITH) issued by the BOI/BOI-ARMM;

•  Photocopy of the Certificate issued by the PEZA;

•  Statement of Management’s Responsibility.

e-FILING

•  1601C & 1602-eFPS filers under Group A

•  1601E & 1601F together w/ the Monthly Alphalist of Payees (MAP) eFPS filers under Group A

e-PAYMENT

•  1601C, 1601E, 1601F & 1602

 

16 Wednesday

SUBMISSION

•  Consolidated Return of All Transactions based on the Reconciled Data of Stockbrokers

 

 

20 Sunday

SUBMISSION

•  Monthly Report of Printer

e-FILING/FILING & e-PAYMENT/PAYMENT

•  2551Q – For transactions involving overseas dispatch,message or conversation originating from the Philippines and Amusement Taxes

FILING & PAYMENT

•  2550M & 2551M together with the required applicable attachments-Non-eFPS

e-FILING & e-PAYMENT

•  2550M & 2551M-National Government Agencies

e-FILING/FILING & e-PAYMENT/REMITTANCE

•  1600WP

DISTRIBUTION

•  2307 Certificate of Creditable Tax Withheld at Source (Income Tax)

 

21 Monday

e-FILING

•  2550M & 2551M together with the required applicable attachments- eFPS filers under Group E

 

22 Tuesday

e-FILING

•  2550M & 2551M together with the required applicable attachments- eFPS filers under Group D

 

23 Wednesday

e-FILING

•  2550M & 2551M together with the required applicable attachments-eFPS filers under Group C

 

24 Thursday

e-FILING

•  2550M & 2551M together with the required applicable attachments- eFPS filers under Group B

 

25 Friday

SUBMISSION

•  Quarterly Summary List of Sales/Purchases by a Value Added Tax (VAT) registered taxpayers – Non-eFPS

•  Sworn Statements of the Manufacturer’s & Importer’s Volume of Sales of each particular brand of Alcohol and Tobacco Products

e-FILING/FILING & e-PAYMENT/PAYMENT

•  2550Q together with the required applicable attachments – eFPS & Non-eFPS

e-FILING

•  2550M & 2551M together with the required applicable attachments- eFPS filers under Group A

e-PAYMENT

•  2550M & 2551M

 

30 Wednesday

REGISTRATION

•  Computerized Books of Accounts & Other Accounting Records in CD-R, DVD –R or other optical media properly labeled with the information required under existing revenue issuances together with affidavit attesting to the completeness, accuracy and appropriateness of the computerized accounting books/records

SUBMISSION

•  Annual Inventory List with required applicable schedules (hard & soft copies) of finished goods, work in process, raw materials, supplies and stock-in trade of taxpayers

•  Attachment to e-filed 1702 RT, MX & EX

¤  Audited Financial Statements together w/ the Summary Alphalist of W/holding Agents of Income Payments Subjected to W/holding Tax (SAWT);

¤  Photocopy of the Certificate of Entitlement (CE) for Income Tax holiday (ITH) issued by the BOI/BOI-ARMM;

¤  Photocopy of the Certificate issued by the PEZA;

¤  Statement of Management’s Responsibility.

e-SUBMISSION

•  Quarterly Summary Lists of Sales/Purchases by a Value Added Tax (VAT) registered taxpayers-eFPS FQ ending Feb. 29, 2016

 

31 Thursday

e-FILING/FILING & e-PAYMENT/PAYMENT

•  1702Q together with the required applicable attachments FQ ending Jan. 31, 2016

 

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