Tax Alerts
Waver of late filing penalty for eFPS taxpayers
The BIR has waived the penalties on late filing for eFPS taxpayers who were unable to file and pay thru eFPS their annual income tax return for taxable year ended December 31, 2013 and quarterly income tax return ended March 31, 2014 due to system downtime yesterday.
ITR Filing Guidelines
The BIR issued the following procedures and guidelines in the filing of 2013 Income Tax Returns (ITRs) which are due on or before April 15, 2014
April 15 ITR Filing Guidelines
BIR Bank Bulletin No. 2014-08 provides the following simplified guidelines in the filing and acceptance of income tax returns (ITRs) which shall be in effect from April 1 to 15, 2014
Amendment of AOIs to show detailed company address
Pursuant to SEC Memorandum No. 6, series of 2014, Articles of Incorporation (AOI) or Articles of Partnerships (AOP) should indicate the exact address of the principal office of the company. As applicable, it should have the room or unit number, name of building, number and street name, barangay, and town or city/province.
eBIR Forms now available
The BIR has released the eBIR Form System Package which contains the latest income tax returns (ENCS Version June 2013) which are required to be used by taxpayers covering and starting taxable year ended December 31, 2013.