Submission of Annual Income Tax Return (ITR) and Audited Financial Statements (AFS) for the Calendar Year Ended December 31, 2020

Schedule of Filing and Submission of Annual Income Tax Returns

Particulars	Individuals	Corporations Partnerships Cooperatives
BIR Forms	1701 1701A	1702RT 1702EX 1702MX
Date of Filing and Payment	15-Apr-21	15-Apr-21
Mode of Filing the Returns	eBIRForms EFPS	eBIRForms EFPS
Mode of Paying Income Tax Due	OTC thru AAB/ ePAY EFPS	OTC thru AAB/ ePAY EFPS
Mode of Submission of Required AFS	OTC thru AAB/ eAFS	OTC thru AAB/ eAFS

Schedule of AFS Submission to the Securities and Exchange Commission

All corporations with fiscal year ending December 31, including branch offices, representative offices, regional headquarters and regional operating headquarters of foreign corporations, shall enroll and file their AFS through the SEC Online Submission Tool depending on the last numerical digit of their SEC registration or license number in accordance with the following schedule:

SEC License Number Ending	Due Dates
1	June 1 to 30
2	July 1 to 31
3 & 4	August 1 to 31
5 & 6	September 1 to 30
7 & 8	October 1 to 31
9 & 0	October 1 to 31

Basic Set of Financial Statements to be Submitted to BIR and SEC

Particulars	BIR	SEC
Annual Income Tax Return (ITR)	Yes	No
SEC Cover Sheet for AFS	No	Yes
Audit Report [Treasurer’s Cert.)	Yes	Yes
SMR for ITR	Yes	Yes
SMR for Financial Statements	Yes	Yes
Basic Set of Financial Statements	Yes	Yes

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Greg Aquino

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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