Guidelines in Filing of Annual Income Tax Returns and Payment of Taxes Due Thereon for Calendar Year 2023 This Circular is being issued to prescribe the guidelines in the filing of the Annual Income Tax Return (AITR) for the Calendar Year ending December 31, 2023, and payment of corresponding taxes due thereon on or before April 15, 2024. The filing of the AITR for Calendar Year 2023 shall be done electronically in any of the available BIR Electronic platforms (Electronic Filing and Payment System (eFPS) or (eBIRForms). However, in case of unavailability/inaccessibility of the electronic platforms, manual filing of the AITR may be allowed. For payment of income tax due, it shall be made either electronically in any of the available electronic payment (ePAY) gateways or manually to any Authorized Agent Bank (AAB) or Revenue Collection Officer (RCO) of any Revenue District Office (RDO). All individual taxpayers, regardless of classification,
This Circular is issued to announce the availability of BIR Form No. 1701 [Annual Income Tax Return for Individuals (including MIXED Income Earner), Estates and Trust] in the Electronic Filing and Payment System (eFPS). The aforementioned BIR Form shall be filed on or before April 15 of each year covering income for the preceding taxable year. eFPS users/filers who are mandated and required to file the said return and pay the corresponding tax due thereon, if any, shall use the eFPS Facility effective immediately. Likewise, eFPS users/filers who already filed their BIR Form No. 1701 for the taxable year 2023 using eBIRForms facility, need not re-file the return in the eFPS. Originally published in GPP CPAs website
Prescribing the Policies and Procedures in the Proper Manner of Accomplishing the New Version of the Monthly Documentary Stamp Tax Declaration/Return (BIR Form 2000 version 2018) This Circular is hereby issued to assist the concerned taxpayers on the proper manner of accomplishing the new version of the Monthly Documentary Stamp Tax Declaration/Return (BIR Form No. 2000 version January 2018), considering that there are three different methods of collecting the documentary stamp tax (DST), namely: Accordingly, all concerned taxpayers who shall file the return and pay the DST shall accomplish the new version of BIR Form No. 2000, in accordance with the following policies and procedures under the said methods of collecting the DST: Column Heading of Schedule 4 Information to be Filled-out RCO Code National Collecting Office (NCO) Code Remittance Date/d (MM/DD/YYYY) Remittance Date(s) Authorized Agent Bank Authorized government Depository Bank (AGDB) branch Amount Remitted Amount Remitted
This Circular is hereby issued to inform all concerned taxpayers that the deadline of submission of the BIR’s copy of BIR Form No. 2316 is hereby extended from February 28, 2024 to March 31, 2024 Accordingly, for the purpose of uniformity in the submission of other reportorial requirements in relation to the submission of BIR Form No. 2316, only the following documents shall be required by all Revenue District Offices: Further, the primary reason for the submission of copies of BIR Form No. 2316 without the signature of concerned employee under Revenue Memorandum Circular (RMC) No. 18-2021 was due to the limitations brought by the COVID -19 pandemic. In the light of the current circumstances, the same shall no longer be allowed, more particularly for those employees who are qualified for substituted filing. Furthermore, those taxpayers who have already submitted the BIR’s copy of the said Certificate using the old
This Circular is issued to announce the availability of BIR Form No. 1702-EX [Annual Income Tax Return Corporation, Partnership and Other Non-Individual Taxpayers EXEMPT Under the Tax Code, as Amended, {Sec. 30 and those exempt in Sec. 27 (C)} and Other Special Laws, With NO Other Taxable Income] January 2018 (ENCS) v2 in the Electronic Filing and Payment System (eFPS). The aforementioned BIR Form shall be filed and the tax due thereon paid on or before the 15th day of the 4th month following the close of the taxpayer’s taxable year. (Originally published in GPP CPAs Website)
2024 Filing of Annual Financial Statements and General Information Sheet All Corporations, including branch offices, representative offices, regional headquarters and regional operating headquarters for foreign corporations, whose fiscal years ended on 31 December 2023, shall file their AFS through the SEC Electronic Filing and Submission Tool (eFAST). The deadlines for filing of the AFS shall be in accordance with the following schedule, depending on the last numerical digit of their SEC registration or license numbers: SUBMISSION DATES LAST DIGIT OF SEC REGISTRATION/LICENSE NUMBER April 29 , 30 May 2,3,6,7,8,9,10 1 and 2 May 13,14,15,16,17,20,21,22,23, 24 3 and 4 May 27,28,29,30,31/ June 3,4,5,6,7 5 and 6 June 10,11,13,14,17,18,19,20,21 7 and 8 June 24, 25, 26, 27, 28 /July 1,2,3,4,5 9 and 0 All corporations under the jurisdiction of the SEC Extension Offices shall be governed by the same schedule om 2024. The above filing schedule shall not apply to the following
Extension of the Deadline for the Submission of Alphabetical List of Employees/Payees from whom taxes were withheld. The deadline of submission of the alphalist for the taxable year 2023 using the new version of the Alphalist Data Entry and Validation Module is hereby extended up to February 28, 2024. A separate tax advisory shall be posted on the website of the Bureau informing the availability of the updated version of the said module. For those taxpayers- employers who have employees availing 5% tax credit under the PERA Act of 2008 and who have not submitted their Alphalist for the year 2022, the deadline shall be thirty (30) days immediately after the date of posting a tax advisory on the BIR website announcing the availability of a separate revised data entry module. Originally published in GPP CPAs website.
This circularizes Republic Act (RA) No. 11976 (Ease of Paying Taxes [EOPT] Act), together with the Veto Message both signed by President Ferdinand R. Marcos Jr. on January 5, 2024. The following Sections of the National Internal Revenue Code (NIRC) were amended under the EOPT Act: The BIR shall develop an EOPT and digitalization roadmap that will provide for the programs and projects to be implemented to ensure ease of compliance of tax laws, rules and regulations, including but not limited to adoption of simplifies tax returns, streamlining of tax processes, reduction of tax or documentary requirements, and digitalization of BIR services as provided under Section 40 of the Act; Provided, That in developing this roadmap, the BIR shall prioritize taxpayers who are considered as micro and small taxpayers for purposes of the Act, in terms of streamlining tax procedures and documentary requirements according to taxpayer size and capacity to
WHEREAS, Section 179 (o) and (p) of Republic Act (RA) No. 11232, otherwise known as the “Revised Corporation Code of the Philippines” (“RCC or Code”), grants the Commission the power and authority to: (i) formulate and enforce standards, guidelines, policies, rules and regulations to carry out the provision of the RCC; and (ii) exercise such other powers provided by law or those which may be necessary or incidental to carry out the powers expressly granted to it. WHEREAS, Section 13 therein provides that the articles of incorporation and other applications for amendments thereto may be filed in the form of an electronic documents in accordance with its rules and regulation on electronic filing as supported by Section 180 where the Commission is directed to develop and implement an electronic filing and monitoring system. WHREAS, Section 16 of the RCC provides that no articles of incorporation or amendment to articles of
MALACAÑAN PALACEMANILA 05 January 2024 THE HONORABLE SPEAKERand Members of the House of RepresentativesHouse of RepresentativesBatasan Hills, Quezon City Ladies and Gentlemen: In accordance with my firm commitment to modernize and increase the efficiency and effectiveness of tax administration and to strengthen taxpayer rights, I sign into law Republic Act No.11976, entitled “AN ACT INTRODUCING ADMINISTRATIVE TAX REFORMS, AMENDING SECTIONS 21, 22, 51, 57, 58, 76, 77, 81, 90, 91, 103, 106, 108, 109, 110, 112, 113, 114, 115, 116, 117, 118, 119, 120, 128, 200, 204, 229, 235, 256, 237, 238, 241, 242, 245, 248, AND 269; AND REPEALING SECTION 34 (K) OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED, AND FOR OTHER PURPOSES.” After the comprehensive amendments to tax policy introduced by the previous administration, we now focus our sights on tax administration with the passage of the Ease of Paying Taxes (EOPT) Act. Recognizing the
Live Webinar 1 & 2: BIR Tax Compliance for VAT Entity
Live Webinar on Ph Payroll Computations and Taxation
Live Webinar: Input VAT Refund
Live Webinar: Value Added Tax: In and Out
Live Webinar: Returns and Reports Preparation under eBIR Forms and Online Submissions
Onsite Training: PEZA Registered Entities: Taxation and Basic Reports
Live Webinar: Withholding Taxes, Subjects & Applications
Onsite Training: Basic Bookkeeping for Non-Accountants
Onsite Seminar: BIR Examination: Their Procedures and Our Defenses
Live Webinar: Winning BIR Tax Assessments Series: Process, Remedies & Writing Effective Protest
Republic Act No. 12079
2025 Filing of Annual Financial Statements and General Information Sheet
Revenue Regulations No. 012-2025
Revenue Regulations No. 011-2025
Revenue Regulations No. 010-2025
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