BIR eFPS or Electronic Filing and Payment System is a facility provided by the Bureau of Internal Revenue for a fast, convenient and paperless tax filing and payment using web browser and internet connection. But who are required to enroll in the eFPS facility? Not all are required, only those the are listed below are … Continue reading Do I need to enroll in the BIR’s eFPS?
Yesterday's tax filing a.k.a. Annual Income Tax Return (1702 for Corporations and Partnerships) was a total rush! Is it? Or it was a total havoc? Of course, in any system that is under a transition process will always experience some sort of glitches. Anyhow, the issuance of Revenue Memorandum Circular (RMC) No. 10-2012, the Bureau … Continue reading The BIR Rush and the eFPSyntax of 2012
BIR issued Revenue Regulations No. 19-2011 on December 9, 2011 prescribing the new Income Tax forms that will be used for Income Tax Filing covering and starting with Calendar Year 2011, modifying Revenue Memorandum Circular No. 57-2011. RR19-2011
Hear ye, hear ye, hear ye! Guys and gals, lend me your ears… So, what about the BIR RR 15 of 2010? Well, this is the new regulation by the BIR providing for additional requirements in financial statements attached to returns such as the amount of input value-added tax (VAT) claimed, including details on purchases … Continue reading Hey, what about BIR Revenue Regulations (RR) 15-2010!