This is a comprehensive guide on offline eBIRForms, which are commonly used in the Philippines for tax-related purposes. This guide is essential for taxpayers who are new to the system or have limited access to the internet and find it challenging to understand how to use offline eBIRForms. What are Offline eBIRforms? Offline eBIRForms are…
As someone who is likely to be filing taxes, you may be wondering how you can make the process more efficient and less cumbersome. One solution is the eBIRForms Package also known as the Offline eBIRforms package, a free downloadable tax preparation software application developed by the Bureau of Internal Revenue (BIR) in the Philippines.…
BIR Form 2000-OT is known as the Monthly Documentary Stamp Tax Declaration Return for One-Time Transactions. Documentary Stamp Tax, also simply known as DST, is a tax in the Philippines applied to transaction documents regularly. Common transactions where DST can be utilized include but are not limited to, execution of loan or debt agreements, issuance…
BIR Form 2000 is known as the Monthly Documentary Stamp Tax Declaration Documentary Stamp Tax, also simply known as DST, is a tax in the Philippines applied to transaction documents regularly. Common transactions where DST can be utilized include but are not limited to, execution of loan or debt agreements, issuance or sale of stocks,…
RA 11534, or the Corporate Recovery and Tax Incentives for Enterprises Act, better known as the C.R.E.A.T.E. Law was signed on March 26, 2021. Issued primarily to help ease the burden on corporate taxpayers during the current pandemic, C.R.E.A.T.E. affects how tax calculations are to be carried out going forward—including the calculation of percentage tax.…
On April 8, 2021, the Bureau of Internal Revenue (BIR) released Revenue Regulation 5-2021 What is the C.R.E.A.T.E. Law On March 26, 2021, a new bill was signed by President Duterte, known as the Corporate Recovery and Tax Incentives for Enterprises (C.R.E.A.T.E.), which is now Republic Act No. 11534. With the new law in force,…
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…
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…
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…
