by Greg Aquino | Mar 19, 2021 | Lets Talk Tax, News Letters
Schedule of Filing and Submission of Annual Income Tax Returns ParticularsIndividualsCorporationsPartnershipsCooperativesBIR Forms17011701A1702RT1702EX1702MXDate of Filing and Payment15-Apr-2115-Apr-21Mode of Filing the ReturnseBIRFormsEFPSeBIRFormsEFPSMode of Paying...
by Greg Aquino | Mar 18, 2021 | News Letters, Tax Updates
Philippines – The Securities and Exchange Commission launches its online portal called Online Submission Tool (OST) for the digital submission of compliance reports to the Commission. This is in alignment with the issuance of the SEC memorandum circular 3 series...
by Greg Aquino | Jan 4, 2019 | Uncategorized
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,...
by Greg Aquino | Jan 3, 2019 | Uncategorized
Philippines – The Securities and Exchange Commission on November 2018 issued Memorandum Circular (MC) 17 series of 2018 requiring all corporations registered under the Commission to use a revised General Information Sheet (GIS) starting January 2019. The...
by Jonalyn Carbo | Aug 4, 2018 | Accounting Best Practices, News Letters
Our current accounting system and standards is based on a double-entry bookkeeping system. This double-entry system has revolutionized traditional bookkeeping during the Renaissance, and we’ve used this system alongside independent auditing bodies, until the present...
by Greg Aquino | Jul 19, 2018 | Lets Talk Tax, Tax Updates
Baguio City, Philippines – The Depart of Finance issued DO No. 29-2018 dated June 4, 2018 to implement the revised schedule of Zonal Values of Real Properties in the City of Baguio (3rd Revision) for internal revenue tax purposes within the jurisdiction Revenue...
by Greg Aquino | Mar 27, 2018 | Lets Talk Tax, Tax Updates
Philippines – The Bureau of Internal Revenue has released the latest eBIRFORMS package 6.4 to update their system for taxpayers’ use and harmonize the tax rates in accordance with the Tax Reform for Acceleration and Inclusion (TRAIN) law under the Republic...
by Greg Aquino | Jan 5, 2018 | Accounting Best Practices, Lets Talk Tax, Tax Updates
The table below is a simple reminder or schedule of what business establishments need to accomplish for ending the year 2017 and starting anew for 2018. We shall update the legal basis for each item included in the list very soon. In cases where we missed some items,...
by Greg Aquino | Jan 5, 2018 | Accounting Best Practices, Lets Talk Tax, Tax Updates
Legal Basis For BIR Annual Registration National Internal Revenue Code (NIRC) Section 236(B) Annual Registration Fee. — An annual registration fee in the amount of Five Hundred pesos (Php 500) for every separate or distinct establishment or place of business,...
by Greg Aquino | Nov 14, 2017 | Accounting Best Practices, News Letters
Philippine Health Insurance Corporation, commonly called PhilHealth, issued the memorandum circular 2017-0024 adjusting the premium contributions of the employed sector to sustain the National Health Insurance Program (NHIP). Accordingly, the adjustment is necessary...
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