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House bill seeks new tax on country's wealthiest cnnphilippines.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnnphilippines.com Daily Mail and Mail on Sunday newspapers.
BusinessWorld August 5, 2021 | 12:31 am FREEPIK THE Bureau of Internal Revenue (BIR) is requiring even small businesses to file their withholding tax certificates online amid ongoing lockdown restrictions due to the coronavirus pandemic. “This is to lessen face-to-face transactions with the office,” BIR Deputy Commissioner Marissa O. Cabreros said via Viber message. Under Revenue Regulations No. 16-2021 issued on Aug. 3, the requirement to file withholding tax certificates online “shall apply to all taxpayers whether or not registered with the Large Taxpayers Service (LTS) of the BIR.” Taxpayers are required to scan the original copies of their BIR Forms 2307 and 2316 and store such documents under the submission facilities of the BIR, with the name formats prescribed by the agency. ....
BIR ends VAT exemption for exporters, ecozone firms msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
CTA cancels SM Synergy's P513-M taxes - BusinessWorld bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
By Arianne Cyril L. Mandac Earlier this month, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 4-2021, which lays down the guidelines for the filing of tax returns and attachments, as well as the payment of the taxes due. The RMC did not, essentially, introduce any changes to the prescribed manner of filing and payment of tax returns, but it is nevertheless important to refresh ourselves on these guidelines to ensure proper compliance and avoid unnecessary penalties and inconvenience. ELECTRONIC FILING AND PAYMENT OF TAX RETURNS The electronic mode of filing of tax returns can either be via the eBIR Forms or the Electronic Filing and Payment System (eFPS) Facility. Several regulations were previously issued by the tax authority, which identified taxpayers for whom the filing of tax returns using these electronic filing platforms is mandatory. Nevertheless, other taxpayers may also opt to voluntarily file their tax returns electronicall ....