BIR Form 1604-F – Annual Information Return of Income Payments Subjected to Final Withholding Taxes

What You Need To Know A significant change had occurred in early 2018 where tax authorities had issued a Revenue Regulation (RR) No. 11-2018 which amended certain provisions of RR No. 2-98 and implemented new amendments introduced by the Tax Reform for Acceleration and Inclusion (TRAIN) Law in relation to withholding taxes. One such repercussion…

BIR Form 0605 – Payment Form

Here’s What You Need To Know The BIR issued this form that needs to be accomplished every time a taxpayer pays taxes and fees that don’t require the use of tax returns. Such examples would include: secondary installment payment for income tax, deficiency tax, delinquency tax, registration fees, penalties, etc.  This form is required when…

RMC No. 7-2021

Availability of the Alphalist Data Entry and Validation Module (Version7.0) and its Updated File Structure, Standard File Naming Convention, and Job-Aids Headline 1: Alphalist Data Entry and Validation Module Version 7.0 now available Headline 2: Updated Version 7.0 of Alphalist Data Entry and Validation now available Summary: The Bureau of Internal Revenue (BIR) as of…

Year-end Tax Compliance

It’s the busy season of the year again where we have to prepare our financial statements, inventory listing, and other reports such as tax returns and the required attachments therein. For guidance, please see the list of information below that a taxpayer must know and prepare for before the due date: 1. Renewal of Registration…

Availability of Offline Electronic Bureau of Internal Revenue Forms (eBIRForms) Package Version 7.7

January 2018 versions for 1604-C, 1604-F, 1604-E now available Summary: Offline eBIRForms 1604-C, 1604-F, 1604-E, now includes January 2018 version The Bureau of Internal Revenue as of November 5, 2020, gave Revenue Memorandum Circular No. 118-2020 (RMC no. 118-2020) which is effective immediately. The subject of this memorandum is “Availability of Offline Electronic Bureau of…

Revenue Regulations No. 21-2020

Due to COVID-19 the Bureau of Internal Revenue (BIR) is reducing the number of audit investigations by encouraging an increase in voluntary tax compliance. This is to limit taxpayer contact and apply related protocols and social distancing measures while, at the same time, maximizing revenue collection with the least administrative costs. Revenue Regulations (RR) No.…