Tax Forms, Filing, and Compliance PDF

Forms, Filings, and Compliances J. Tamayao  TAX IDENTIFICATION NUMBER Any person, whether natural or juridical, required under the authority of the Internal Revenue Code to make, render or file a return, statement or other documents, shall be supplied with or assigned...

Forms, Filings, and Compliances J. Tamayao  TAX IDENTIFICATION NUMBER Any person, whether natural or juridical, required under the authority of the Internal Revenue Code to make, render or file a return, statement or other documents, shall be supplied with or assigned a Taxpayer Identification Number (TIN) to be indicated in the return, statement or document to be filed with the Bureau of Internal Revenue, for his proper identification for tax purposes (Sec. 236 (i) of the Tax Code).  APPLICATION FOR TIN APPLICANT FORM Self-Employed and Mixed Income Individuals BIR Form 1901 Purely Compensation Income BIR Form 1902 OCWs/Seamen Earning Purely Foreign BIR Form 1904 Sourced Income Corporations/Partnerships BIR Form 1903 One Time Taxpayers BIR Form 1904  APPLICATION FOR TIN Every person subject to any internal revenue tax shall register once Who? with the appropriate Revenue District Officer When? Before commencement of business. RDO having jurisdiction over the head office, branch office, place Where? of production or storage place. Registration can also be done using BIR’s e-service known as ORUS (Online Registration and Update System) Effect Certificate of Registration (BIR Form 2303) shall be issued COR (BIR Form 2303)  CANCELLATION OF REGISTRATION All taxpayers who filed for cancellation of registration due to closure/cessation or termination of business. FORM: BIR Form 1905 (Application for Registration Information Update)  TAX FORMS AND DEADLINES Annual Registration Fee Individual / Corp. BIR Form 0605 January 31 All registered taxpayers, except those earning purely compensation When required? income, are required to pay the annual registration fee with BIR. P500 is paid for every separate or distinct establishment or place of Amount: business upon registration and every year thereafter.  TAX FORMS AND DEADLINES Income Tax Returns BIR Form 1700 Due: April 15 Individual BIR Form 1701 BIR Form 1701Q Due: April 15 Due: May 16, Aug 15, Nov 15 BIR Form 1702 Due: 15th day of the 4th Month Corporation BIR Form 1702Q Due: 60 days from the close of quarter  TAX FORMS AND DEADLINES Capital Gains Tax Returns BIR Form 1707 Due: 30 days from the date of sale Domestic Stocks BIR Form 1707A Due: 15th day of the 4th month Real Properties BIR Form 1706 Due: 30 days from the date of sale  TAX FORMS AND DEADLINES Documentary Stamp Tax Return BIR Form 2000 Due: 5 days from the close of the month DST BIR Form 2000-OT  TAX FORMS AND DEADLINES Transfer Taxes BIR Form 2550M Due: 20th days following EOM VAT BIR Form 2550Q Due: 25 days following end of Quarter Percentage Tax BIR Form 2551Q Due: 25 days following end of Quarter Excise Tax BIR Form 2200 Due: Before Removal to the Customs Donor’s Tax BIR Form 1800 Due: 30 days from the date of donation Estate Tax BIR Form 1801 Due: One year from decedent’s death  TAX FORMS AND DEADLINES Withholding Taxes BIR Form 1601C Due: 10th days following EOM Compensation Due: for December, 15th day EOM BIR Form 1604CF Due: Jan 31 of the year following the calendar year BIR Form 0619E Due: 10th days following EOM Expanded BIR Form 1601EQ Due: last day of the month following end of Quarter BIR Form 1604E Due: March 1 of the year following the calendar year  TAX FORMS AND DEADLINES Withholding Taxes Certificates BIR Form 2304 Certificate of Income Payment not Subject to Withholding tax (excluding compensation income) BIR Form 2306 Certificate of Final Tax Withheld at Source BIR Form 2307 Certificate of Creditable Tax Withheld at Source BIR Form 2316 Certificate of Compensation Payment/Tax Withheld  TAX FILING Manual eFiling Offline eBIRForms e-Filing is the process of electronically filing returns including attachments, if any, specifically through the internet. 1. eFPS 2. Online eBIRForms  Rule on Amendment of Returns Amendment Any return, statement, or declaration filed shall not be withdrawn, provided, that within three (3) years from the date of such filing, the same may be modified, changed, or amended. However, the Taxpayer may no longer modify, change, or amend any return, statement, or declaration if a notice for audit or investigation of such return, statement, or declaration has been actually served upon the taxpayer. Tentative Returns Shall be considered a final return, unless a final amended return is filed.  OPEN CASES “Stop filer case”, pertains to a case created by the Returns Compliance System (RSC) of the BIR involving a registered taxpayer who is identified to have failed to file the required tax return within the prescribed due date.  BIR eServices The eRegistration System is a web application of various taxpayer registration services including TIN Issuance, Payment of Registration Fee and Generation of Certificate of Registration Electronic Filing and Payment System is the electronic processing and transmission of tax return information including attachments, and taxes due thereon to the government made over to the internet through the BIR website. The Electronic Bureau of Internal Revenue Forms (eBIRForms) was developed primarily to provide taxpayers with an alternative mode of preparing and filing tax returns that is easier and more convenient. The Electronic Audited Financial Statements (eAFS) is a web-based application system that enables the taxpayers to submit their filed Income Tax Returns (ITR), Audited Financial Statements (AFS) and other required attachments online in PDF file format.  BIR eServices Provides the link for ePayment Channels of AABs that taxpayers can access for the electronic payment of their tax dues and liabilities, ePayment Channels accept tax payments through the use of either online, credit / debit / prepaid cards, and mobile payments. The eONETT System is a web-based application that will enable taxpayers to transact their One-Time Transaction (ONETT) pertaining to taxable sale of real properties classified as capital or ordinary (CGT-BIR Form 1706, CWT-BIR Form 1606 and DST-BIR Form 2000OT). Online Registration and Update System (ORUS) is a web-based system that provides an end-to-end process for registration of taxpayers and updating of their registration information.