Alerts and Publications
Alerts and Publications
Outsourcing Brief: January - March 2012
January - March 2012
New Guidelines in Filing of ITRs of eFPS Filers
Earlier, the BIR announced that eFPS filers should manually file their annual income tax returns (ITR) due this April 16, 2012.
Monetization of VAT Tax Credits
All VAT-registered taxpayers with outstanding VAT Tax Credit Certificates (TCCs) may convert their TCCs into cash under the government's TCC monetization program as implemented by Executive Order No. 68 (March 27, 2012).
ITR Filing Procedures for eFPS Filers
Pending availability of the enhanced BIR income tax return (ITR) forms in the eFPS, all eFPS filers are required to manually file their ITR using the new forms, and pay their tax due with the Authorized Agent Banks (AABs) within the jurisdiction of the Revenue District Office (RDO)/Large Taxpayer District Office where they are registered.
BIR Interactive Form 1702
The BIR has released the Interactive BIR Form 1702 (Income Tax Return for Corporations and Partnerships) which allows users to insert data, edit, save, and print the form.