“What’s great knowledge if we keep it to ourselves.”
Greg V. Aquino, CPA
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 ParticularsIndividualsCorporationsPartnershipsCooperativesBIR Forms17011701A1702RT1702EX1702MXDate of Filing and Payment15-Apr-2115-Apr-21Mode of Filing the ReturnseBIRFormsEFPSeBIRFormsEFPSMode of Paying...
SEC Online Submission Tool (OST)
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 of...
2018 Year-end Reminders and 2019 Startup Compliance Checklist for Businesses in the Philippines
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,...
Revised General Information Sheet (GIS) version 2018 to be Used Starting January 2019
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...
Introducing Accounting Blockchain – Connecting businesses and Empowering People
<p>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,...
2018 Revised Zonal Values for Baguio City as ordered by Department of Finance DO No. 29-2018
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...
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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 Act 10963....
2017 Year-end Reminders and 2018 Startup Compliance Checklist for Businesses in the Philippines
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,...
BIR Annual Registration Fee (ARF) Due every 31st of January
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,...