HOW TO FILE YOUR AUDITED FINANCIAL STATEMENTS (AFS)?
Last January 22nd of this year, the Securities and Exchange Commission (SEC) issued Memorandum Circular No. 3 Series of 2018 pertaining to the filing of Audited Financial Statements (AFS) and General Information Sheet (GIS). Stipulated in this Memorandum Circular is the schedule of filing of these reports for this year. The schedule set by the […]
TAX ADVISORY: DEADLINE ON EXPANDED WITHHOLDING TAX (BIR 1601E) IS STILL ON THE 10TH OF THE MONTH
People in the business community right now are quite puzzled as to how they would remit Government taxes as withholding agents. Just last year, December 19, 2017, the new Tax Reform for Acceleration and Inclusion (TRAIN) also referred to as Republic Act (RA) No. 10963, was signed into law by President Rodrigo Duterte. Inclusive in […]
2018 FILING SCHEDULE OF AFS AND GIS
We may be overwhelmed by the current information on the TRAIN Law but we still must not forget the rapidly approaching annual deadlines, particularly the filing of Audited Financial Statements (AFS) and General Information Sheet (GIS). To maintain an organized and orderly filing of these documents, the Securities and Exchange Commission (SEC) issued Memorandum Circular […]
HOW TO REGISTER WITH THE BIR EFPS (EFILING AND PAYMENT SYSTEM)
In line with the government’s policy of providing fast and convenient manner of transacting with government offices, the BIR being one of the government agencies with a very important role in nation building, conceptualized and introduced eFPS (eFiling and Payment System) in 2001 to make the filing of tax returns and payment of taxes convenient […]
BIR FORMS AND THE REQUIRED ATTACHMENTS FOR EACH
BIR FORM 1700 Annual Income Tax Return for Individuals Earning Purely Compensation Income (Including Non-Business/Non-Profession Income) Required Attachments: 1. BIR Form No. 1700; or Printed copy of BIR Form No. 1700 with Filing Reference Number (FRN) (for eFPS filed return); or Printed copy of BIR Form No. 1700 with the eMail Tax Return Receipt Confirmation […]