TAX Deadlines

[Ask the Tax Whiz] Can I still amend my ITR after the April 18 deadline?

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 …

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Part 2: TAX BREAKS FOR SMALL BUSINESSES

(Conclusion) According to the 2018 List of Establishments from the Philippine Statistics Authority, there are 1.003 million business enterprises ope­rating in the country and almost all of them (99.52 percent) are micro, small and medium enterprises (MSMEs). The government should thus prioritize MSMEs when it comes to social protection or assistance, considering that they employ …

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