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BIR Interactive Form 1702

16 Mar 2012

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.

New Regulations on Vat

22 Feb 2012

1. Revenue Regulations No. (RR) – 01- 2012 - Effective January 1, 2012, all VAT taxpayers are required to submit the quarterly summary list of sales and purchases (SLS/SLP). The requirement previously applies to VAT-registered taxpayers with total quarterly sales/ receipts (net of VAT) exceeding P2.5 M or quarterly total purchases (net of VAT) exceeding P1M.

Tax filing on deadlines falling on Saturdays, Sundays, and Holidays

05 Jan 2012

In the 2012 BIR tax calendar, the due dates were indicated even if they fall on a legal holiday, Saturday or Sunday. For example, e-filing for Forms 1601C for e-filers under Group B for the month of December is lodged under January 14, Saturday.