Know the schedule of submission, filing, and payment of taxes for the whole month of January 2016.
In the meantime, we would like to remind business owners: sole proprietor businesses and corporations, that the deadline of business renewal is on January 20th. Please renew your business permits to avoid penalties.
For Individuals / Freelancers / Professionals, the deadline for payment of the BIR Annual Registration is on January 31st, please pay ahead of time.
Need help in renewing your business permit this coming January 2016? Sign Up to Full Suite’s Business Renewal Services for 2016 or Call us at 746 0121.
This information is gathered from the Bureau of Internal Revenue website and from the Know Your Taxes website.
The Bureau of Internal Revenue (BIR) now requires the use of their eBIRForms, for more information about the BIR’s new memorandum read our article: eBIRForms — Everything You Need to Know
Schedule of Submission, Filing, and Payment of Taxes
1 Friday
SUBMISSION
• Consolidated Return of All Transactions based on the Reconciled Data of Stockbrokers
• Engagement Letters and Renewals or Subsequent Agreements for Financial Audit by Independent CPAs
5 Tuesday
SUBMISSION
• Summary Report of Certification Issued by the President of the National Home Mortgage Finance Corporation (RA 7279)
e-FILING/FILING & e-PAYMENT/PAYMENT
• 2000 – Documentary Stamp Tax Declaration/Return
• 2000-OT- Documentary Stamp Tax Declaration/Return (One-Time Transactions)
8 Friday
SUBMISSION/e-SUBMISSION
• Transcript sheets of the following, except for Tobacco Products & Regulated Materials, submission is w/in the 5th day of the Month after the end of the operation.
¤ 2.08-ORB (A-1) 2.43-ORB 31.18-ORB
¤ 2.08-ORB 2.61-ORB 31.27-ORB
¤ 2.11-ORB 2.68-ORB 31.46-ORB
¤ 2.14-ORB 2.69-ORB 31.46-Auxiliary Register Book (L71/2)
¤ 2.17-ORB 2.69A-19-ORB 38.01-ORB
¤ 2.17a-ORB 2.70-ORB 398 ORB
¤ 2.20-ORB 2.83-ORB 398-1ORB
¤ 2.36-ORB 31.01ORB(L7)
• Transcript sheets of ORB used by manufacturers/assemblers, importers and wholesalers of automobiles
e-SUBMISSION
• Monthly e-Sales Report for all Taxpayers using CRM/POS with TIN ending in even number
10 Sunday
SUBMISSION
• Transcript Sheets of 2222-ORB
• List of Buyers of Sugar Together with a Copy of Certificate of Advance Payment of VAT Made by Each Buyer appearing in the List by a Sugar Cooperative
• Information Return on Releases of Refined Sugar by the Proprietor or Operator of a Sugar Refinery or Mill
• Monthly Report of DST Collection and Remitted by the Government Agency
• Importer’s Notarized Liquidation Statement together with the required applicable attachments
e-SUBMISSION
• Monthly e-Sales Report for all taxpayers using CRM/POS with TIN ending in odd number Month of December 2015
e-FILING/FILING & e-PAYMENT/REMITTANCE
• 1600 together w/ the Monthly Alphalist of Payees (MAP)
• 1606
e-FILING & e-PAYMENT/REMITTANCE
• Withholding Tax Remittance Return for BIR Form 1600 with the Corresponding Electronic Tax Remittance Advice/s (eTRAs) – National Government Agencies
• 1603 – National Government Agencies CQ ending December 31, 2015
FILING & PAYMENT/REMITTANCE
• 2200M Excise Tax Return for the amount of Excise Taxes collected from payment made to Sellers of Metallic Minerals
• 1603 – Non-eFPS
DISTRIBUTION
• 2307- Certificate of Creditable Tax Withheld at Source (VAT/Percentage Tax)
• 2306 – Certificate of Final Tax Withheld at Source (VAT/Percentage Tax)
11 Monday
e-FILING
• 1601C & 1602 – eFPS filers under Group E
• 1601E & 1601F together w/ the Monthly Alphalist of Payees (MAP) – eFPS filers under Group E
12 Tuesday
e-FILING
• 1601C & 1602 – eFPS filers under Group D
• 1601E & 1601F together w/ the Monthly Alphalist of Payees (MAP)- eFPS filers under Group D
13 Wednesday
e-FILING
• 1601C & 1602 – eFPS filers under Group C
• 1601E & 1601F together w/ the Monthly Alphalist of Payees (MAP) – eFPS filers under Group C
14 Thursday
e-FILING
• 1601C & 1602 – eFPS filers under Group B
• 1601E & 1601F together w/ the Monthly Alphalist of Payees (MAP) – eFPS filers under Group B
15 Friday
REGISTRATION
• Permanently Bound Computer – Generated/Loose Leaf Books of Accounts & other Accounting Records such as but not limited to Receipts & Invoices together w/ the affidavit/certificate under oath as to the type of books,no. of pages/leaves used & volume number during the
SUBMISSION
• List of Medical Practitioners
• Quarterly List (with monthly breakdown) of Contractors of Government Contracts entered into by the Provinces/Cities/ Municipalities/Barangays
• Monthly Summary Report/Schedule of Transfers of Titled and Untitled Properties by City or Municipal Assessors, RDS and LRAs
• Summary List of blank OCTs/TCTs/CCTs issued to all RDs
• Copy of Quarterly Updates of Assessment Roll (list of existing Tax Declaration of Real Properties) from LGUs thru its Local Treasurer
e-SUBMISSION
• Quarterly Summary List of Machines (CRM-POS) Sold by all machine distributors/dealers/vendors/suppliers
e-FILING & e-PAYMENT/REMITTANCE
• Withholding Tax Remittance Return/s for 1601C, 1601E & 1601F with the Corresponding Electronic Tax Remittance Advice/s (eTRAs) -National Government Agencies
e-FILING/FILING & e-PAYMENT/PAYMENT
• 1702 RT, MX & EX by Corporations, Partnerships and Other Non-Individual Taxpayer together with the required applicable attachments
¤ Audited Financial Statements together w/ the Summary Alphalist of W/holding Agents of Income Payments Subjected to W/holding Tax (SAWT);
¤ Photocopy of the Certificate of Entitlement (CE) for Income Tax holiday (ITH) issued by the BOI/BOI-ARMM;
¤ Photocopy of the Certificate issued by the PEZA; and Statement of Management Responsibility
FILING & PAYMENT
• 1704 together with the required applicable attachments
• 2200M Excise Tax Return for Mineral Products
• 1602 – Non-eFPS
• 1707A together with the applicable attachments by corporate taxpayers
e-FILING & e-PAYMENT/REMITTANCE
• 1603 eFPS filers – except National Government Agencies
e-FILING
• 1601C & 1602 – eFPS filers under Group A
• 1601E & 1601F together w/ the Monthly Alphalist of Payees (MAP) -eFPS filers under Group A
FILING & REMITTANCE
• 1601C together with the required applicable attachments – Non-eFPS
• Copy of the Certified Alphalist submitted to the nearest DOLE Regional/Provincial Office – Operations Division/Unit for MWEs receiving hazard pay for the Private Sector;
• Justification for such payment of hazard pay as certified by DOLE for the Private Sector;
• Copy of the Department of Budget and Management (DBM) circular/s or its equivalent as to who are allowed to receive hazard pay for the Public Sector.
• 1601E & 1601F together w/ the Monthly Alphalist of Payees (MAP) – Non-eFPS
e-PAYMENT
• 1601C, 1601E, 1601F & 1602
16 Saturday
SUBMISSION
• Consolidated Return of All Transactions based on the Reconciled Data of Stockbrokers
20 Wednesday
SUBMISSION
• Quarterly Information on OCWs or OFWs Remittances which are Exempt from DST to be furnished by the local banks and non-bank money transfer agents
• Monthly Report of Printer
e-FILING/FILING & e-PAYMENT/PAYMENT
• 2551Q – For transactions involving overseas dispatch,message or conversation originating from the Philippines and Amusement Taxes
FILING & PAYMENT
• 2550M & 2551M together w/ the required applicable attachments – Non-eFPS
e-FILING & e-PAYMENT
• 2550M & 2551M – National Government Agencies
e-FILING/FILING & e-PAYMENT/REMITTANCE
• 1600 WP Month of December 2015
DISTRIBUTION
• 2307 Certificate of Creditable Tax Withheld at Source (Income Tax)
21 Thursday
e-FILING
• 2550M & 2551M together w/ the required applicable attachments – eFPS filers under Group E
22 Friday
e-FILING
• 2550M & 2551M together w/ the required applicable attachments – eFPS filers under Group D
23 Saturday
e-FILING
• 2550M & 2551M together w/ the required applicable attachments – eFPS filers under Group C
24 Sunday
e-FILING
• 2550M & 2551M together w/ the required applicable attachments – eFPS filers under Group B
25 Monday
SUBMISSION
• Quarterly Summary List of Sales/Purchases by a VAT-Registered Taxpayers – Non-eFPS
• Sworn Statements of the Manufacturer’s & Importer’s Volume of Sales of each particular brand of Alcohol and Tobacco Products
e-FILING/FILING & e-PAYMENT/PAYMENT
• 2550Q together w/ the required applicable attachments – eFPS, Non-eFPS, NGAs
e-FILING
• 2550M & 2551M together w/ the required applicable attachments – eFPS filers under Group A
e-PAYMENT
• 2550M & 2551M
REFUND
• Excess Taxes Withheld on Compensation by Employer, whether Private or Government as a result of the Year-End Adjustment
29 Friday
e-FILING/FILING & e-PAYMENT/PAYMENT
• 1702Q together w/ the required applicable attachments
30 Saturday
REGISTRATION
• Computerized Books of Accounts & Other Accounting Records in CD-R, DVD –R or other optical media properly labeled with the information required under existing revenue issuances together with affidavit attesting to the completeness, accuracy and appropriateness of the computerized accounting books/records
SUBMISSION
• Inventory List with required applicable schedules (hard & soft copies) of finished goods, work in process, raw materials, supplies and stock-in trade of taxpayers
• Attachments to e-Filed 1702 RT, MX & EX
¤ Audited Financial Statements together with the summary Alphalist of W/holding Agents of Income Payments Subjected to W/holding Tax (SAWT);
¤ Photocopy of the Certificate of Entitlement (CE) for Income Tax Holiday (ITH) issued by the BOI/BOI-ARMM;
¤ Photocopy of Certificate issued by PEZA;
¤ Statement of Management’s Responsibility.
• Attachments to e-Filed 1601C
¤ Copy of the Certified Alphalist submitted to the nearest DOLE Regional/provincial Office-Operations Division/Unit for MWEs receiving hazard pay for the Private Sector;
¤ Justification for such payment of hazard pay as certified by DOLE for the Private Sector;
¤ Copy of the Department of Budget and Management (DBM) circular/s or its equivalent as to who are allowed to receive hazard pay for the Public Sector.
e-SUBMISSION
• Quarterly Summary List of Sales/Purchases by a VAT Registered Taxpayers – eFPS
31 Sunday
SUBMISSION
• Sworn Statement by every lessee, concessionaire, owner or operator of mines or quarry, processor of minerals, producers or manufacturer of mineral products
• Sworn Declaration of motels and other similar establishments
• Sworn Statement by Senior Citizens whose annual taxable income for the previous year does not exceed the poverty level as determined by the NEDA thru the NSCB
• Sworn Certification from the International Carrier stating that there is no change in the Domestic laws of its Home Country granting Income Tax Exemption to Philippine Carriers (RA 10378), and its required applicable attachment – to be filed in International Tax Affairs Division (ITAD)
• Annual Information by all Accredited Tax Agents/Practitioners to be submitted to RNAB/RRAB
• Affidavit of Self-Employed Professionals (pertaining to: rates, manner of billings and factors on detecting service fee)
• Annual Alphabetical List of Professionals/Persons who were issued Professional/Occupational Tax Receipt (PTR/OTR) by LGUs
• Tenants profile of commercial establishments/leased buildings/spaces together with the required documents
• List of Regular Suppliers of Goods and Services by the Top 5,000/20,000 Individual/Private Corporations including Large Taxpayers
e-FILING/FILING
• 1604CF together with the Alphabetical List of Employees/Payees – Manual (w/ acknowledgement receipt/successful validation message generated by the BIR System as proof of submission)
e-SUBMISSION/SUBMISSION
• Alphabetical List of Employees/Payees CY 2015
e-PAYMENT/PAYMENT
• 0605 Annual Registration Fee (of all business establishments including self-employed professionals)
REGISTRATION
• Official Appointment Books for Self-Employed Professionals CY 2016
DISTRIBUTION
• 2304 to all income receipients of payment not subject to withholding tax excluding compensation income
• 2306 to all income recipients including qualified employees whose purely compensation income & fringe benefits were subjected to Final Withholding Tax
• 2316 to all compensation income earners by their employers
Tax, Bookkeeping and Accounting Needs?