Live Webinar: BIR Tax Compliance (Non VAT Entity)

You may not have all what it takes to master accounting, but your accounting and tax knowledge is indispensable for your entrepreneurial success. For tax purposes, simple things may mean a lot and may become a material issue. Thus, this online seminar workshop is intended to educate participants in basic BIR compliance and avoid headaches dealing with tax authorities.

Learning Points:

Session 1:

• Understand the basic minimum requirements of non-VAT registered taxpayers 
• Learn how to book keep a non-VAT registered sole proprietorship business 
• Fully understand when to register as Non VAT Entity 
• Learn the Minimum tax types for Non VAT Entity 
• Proper substantiation of income and expenses 
• Learn the BIR allowed books of accounts 
• Learn how to record on books of accounts: 

1. Cash receipts books 
2. Cash disbursements books 
3. General journal 
4. General ledger

Session 2:

• Learn how to fill-out BIR Returns and avoid being assessed based on erroneous entries; ● Learn how to fill-out various basic BIR tax returns; and 
• Comprehensive Illustration on preparing the following Non VAT related tax returns &

reports: 

❏ Quarterly Percentage Tax Return – Form 2551 Q 

❏ Monthly Percentage Tax Return – Form 2551 M 

• Overview of other applicable tax returns for Non VAT Entity: 

❏ Annual Registration (BIR Form No. 0605) 

❏ Application for registration (BIR Form No. 1903 – Corp.) 

❏ Documentary stamp tax return (BIR Form No. 2000) 

❏ Expanded Withholding taxes (BIR Form 1601-E) 

❏ Final Withholding taxes (BIR Form 1601-F) 

❏ Withholding tax on compensation (BIR Form 1601-C) 

❏ Certification of taxes withheld on compensation (BIR Form No. 2316) 

❏ Creditable withholding tax certificate (BIR Form No. 2307) 

❏ Quarterly income tax returns (BIR Form 1702Q) 

❏ Annual income tax returns (BIR Form No. 1702-RT)

Schedule Date and Time: July 2-3, 2024 at 9:00am to 11:00am (Tuesday-Wednesday)

Investment Cost:  Php 3,000 (Inclusive of VAT)

Online Reservation: https://forms.gle/QWhSDxLAZt8oNx7N9