Alerts and Publications
Alerts and Publications
Clarification on filing of no-payment returns
The following taxpayers with “no-payment” ITRs are not obligated to file using the online eBIRForms, as prescribed in the Revenue Regulations (RR) 6- 2014 and 5- 2015. (1) Senior citizens or persons with disabilities (2) Employees deriving purely compensation income, whether from single or multiple employers, and whose income tax has been fully withheld (3) Employees who are qualified for substituted filing but opted to file an ITR for whatever reason. Nevertheless, they are encouraged to use offline eBIRForms for convenience, completeness and accuracy. They are likewise encouraged to file electronically to avoid the crowd and long lines. Business taxpayers with no-payment returns mandated to use eBIRForms/eFPS must electronically file returns.
Clarification on tax filing by clients of accredited tax agents
Revenue Regulations No. 6- 2014: “Accredited tax agents/practitioners and all its client-taxpayers” who are non eFPS are required to use the online eBIRForms in filing their returns. It is to be noted that “client-taxpayers” shall mean those who are authorizing their tax agents/practitioners to file their returns on their behalf. This does not cover taxpayers whose tax agent/practitioner only sign the audit certificate but who have no authority to file the returns on their behalf. However, clients should be encouraged to use the BIR electronic filing and payment facilities.
Penalties for nonsubmission of SLSPs, alphalists and other violations
This order directed revenue officers to apply the penalties uniformly. However, a higher amount can be accepted. A compromise offer lower than prescribed may be accepted after approval of the Commissioner of Internal Revenue or the concerned Deputy Commissioner/Assistant Commissioner/Regional Director. Compromise penalties are amounts that a taxpayer may pay for certain offenses punishable under the Tax Code, which, if accepted by the BIR, will be in lieu of criminal prosecution. Although not legally imposable (the taxpayer may or may not pay it), compromise penalties are consistent with the Commissioner's power to compromise internal revenue violations.
Penalties for failure to file tax returns under eFPS and eBIRForms
Non-eFPS filer who shall mandatorily use the electronic Bureau of Internal Revenue Forms (eBIRForms) facility by electronically submitting and filing all tax returns for certain taxpayers. Filing electronically shall be mandatory only for accredited tax agents (ATAs), practitioners and all its client-taxpayers, accredited printers of principal and supplementary receipts and invoices, one-time transactions (ONETT) taxpayers, those filing no-payment returns, government corporations, LGUs and cooperatives. Covered taxpayers shall print the system-generated Filing Reference page and submit to it to the Authorized Agent Banks for the payment of the taxes due thereon. Failure to file tax returns using eFPS or eBIRForms shall be subject to the imposition of a penalty.
P82,000 tax exemption for bonuses applies beginning January 1, 2015
It’s official. The P 82, 000 tax exemption allowance will apply on all 13th month pay and other benefits paid or accrued beginning January 1, 2015. The increased ceiling was enacted via Republic Act No. 10653. The RR reiterated that the exemption allowance applies only to the 13th month pay and other benefits and should not cover basic salary and other allowances paid pursuant to an employer-employee relationship. Likewise, the allowance is not available to self-employed individuals.