The Philippine Tax Whiz explains the Bureau of Internal Revenue’s guidelines for filing the annual income tax return for 2021, which is due on April 18, 2022 Is there a new deadline for filing the annual income tax return (ITR)? Would there be a penalty if I amend the filed return and it results in …
[Ask the Tax Whiz] Can I still amend my ITR after the April 18 deadline? Read More »
It may seem scary when your business receives a Letter of Authority (LOA) from the BIR especially if you lack knowledge about its process. Oftentimes, businesses would equate BIR audit with closure of their companies, imprisonment or paying tons of penalties and compromises – which is not always the case. The main objective of a …
Have you filed your 2019 annual income tax return (ITR)? To make sure you won’t pay the 25 percent surcharge, 20 percent interest and compromise penalty, make sure to file and pay your income tax on or before June 14. Note, however, that for individual taxpayers, the first quarter ITR for taxable year 2020 is …
To make sure you won’t pay the 25 percent surcharge, 20 percent interest and compromise penalty, make sure to file and pay your income tax on or before June 14. Note, however, that for individual taxpayers, the first quarter ITR for taxable year 2020 is also due on June 14 while nonindividual or corporate taxpayers …
Have you filed your 2019 Annual Income Tax Return (ITR)? Read More »
Amid the COVID-19 pandemic, countries around the world are implementing various emergency tax relief to support companies, especially small businesses and their employees. As the business and social impact of this health crisis increases, government and business leaders have a crucial role to play in developing both short-term and long-term solutions to mitigate the risks …
