The table below is a simple reminder or schedule of what business establishments need to accomplish for ending the year 2018 and starting anew for 2019. We shall update the legal basis for each item included in the list very soon. In cases where we missed some items, please feel free to contact us. We hope that we provide you little insight about your compliance.

Duration or Due Date Description Regulatory Agency
On or before Dec. 24, 2018 Release of employees’ 13th month pay (PD 851) DOLE
Dec. 1, 2018 until the last working day of December 2018 Registration of manual books of accounts for those who uses Simplified Bookkeeping and those who does not write anything in the books of accounts. (RMC 82-2008) BIR
Jan. 1, 2019 to Jan. 15, 2019 Registration of the loose-leaf bound books of accounts (RMC 82-2008) BIR
Until Jan. 15, 2019 Report of compliance with PD 851 – Alphalist of 13th  Month Pay as prescribed by DOLE Advisory 03-2010 DOLE
Jan. 20, 2019 Application for Renewal of business permits for 2019 (Deadlines may vary depending on the Local Government Unit) LGU
Jan. 1, 2019 until Jan. 25, 2019 Release of employees’ tax refunds for 2017 and distribution of their respective 2316 (RR 10-2008) BIR; DOLE
January 1 until Jan. 30, 2019 Inventory list as of December 31, 2018 (RMC 57-2015) BIR
Jan. 31, 2019 Lessee information sheet (RR 12-2011) BIR
Jan. 31, 2019 Submission of books generated from the taxpayer’s computerized accounting system (CAS) BIR
Jan. 31, 2019 Filing of the employee alphalist through BIR form 1604CF BIR
January 1 to Jan. 31, 2019 Payment of BIR annual registration fees (ARF) BIR
January 1 to January 31, 2019 Professional tax receipt (PTR) for 2019 (for professionals only) LGU
January 1, 2019 to February 28, 2019 Securing community tax certificate or cedula without a penalty LGU
January 1, 2019 to Feb. 28, 2019 Submission of 2316 duly signed by employees who are covered under the substituted filing BIR
On or before Mar. 01, 2019 Filing and submission of the 2018 annual alphalist of payees through BIR Form 1604E BIR
On or before Apr. 15, 2019 Filing and submission of the 2018 annual income tax return for individuals and non-individual taxpayers whose accounting period ends at December 31, 2018 BIR
On or before Apr. 15, 2019 Filing and submission of the annual audited financial statements before complying to the SEC number coding scheme SEC

Author

  • Greg V. Aquino is a Certified Public Accountant engaged in Public Practice since the year 2010. He is the managing partner of Clemente Aquino & Co., CPAs since the year 2013. Sector experience includes food & franchise company; real estate; distributorship; gasoline dealership; PEZA companies; BPOs; and non-profit organizations. He can handle individual tax planning; corporate tax planning; estate planning; transfers of real and personal properties; setup of a corporation, partnership, one-person corporation, and sole proprietorships; local government taxation; corporate housekeeping; resident agent services; corporate secretariat; fs preparation or compilation; fs reconstruction; fs audit; internal audit; and others.

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