submission or e-Filing. 83 for those reported under BIR Form 1600 and P193,728. In addition, employers must also ensure that the figures indicated in the BIR Form No. On April 5, 2015, we shared to you recent important updates on eBIRForms and others which includes the issuance of the following Revenue Regulations (RR) and Revenue Memorandum Circulars (RMC): RR No. the employer files the annual information return of income taxes withheld on compensation and final withholding taxes (BIR Form 1604CF) the employer issues the certificate of compensation payment/tax withheld (BIR Form 2316) to each employee. Submission by mail. Normal Rate of Income Tax The regular rates of income tax are as follows: January 1 to October 31, 2005 -----32% November 01, 2005 to December 31, 2008 -----35%. Submission of claim forms for casual/variable hours (the deadline for casual payment forms is earlier than the payroll deadline and usually around 5th of the month, please refer to the current month's payroll cycle diagram) Amending multiplier (e. For each month or portion of a month the return is late, you are penalized $195. Annual ITR with accounting period ending December 31 are due for filing with attached Audited Financial Statements (AFS) not later than April 15. Filing/Submission of Hard Copy of the Certificate of Compensation Payment/Tax Withheld (BIR Form 2316) Covering Employees Who are Qualified for Substituted Filing Revenue Regulations (RR) No. View RIZANA GRACE ESTUESTA'S profile on LinkedIn, the world's largest professional community. Inquirer News Service / Jun. As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students. BIR Form 1604CF with Alpha List of Employees/Payees - Manual CY 2016 e-SUBMISSION/ SUBMISSION Alphabetical List of Employees/Payees CY 2016 e-PAYMENT/ PAYMENT 0605 BIR Annual Registration Fee TY 2017 REGISTRATION Book of accounts and other accounting records for TY starting 1 February 2017 CY 2017 ISSUANCE. Revenue Regulations (RR) No. 31, 2016 is on Jan. Our new CrystalGraphics Chart and Diagram Slides for PowerPoint is a collection of over 1000 impressively designed data-driven chart and editable diagram s guaranteed to impress any audience. BIR Form 1604-E (ENCS)-Page 2 Schedule 4 Alphalist of Payees Subject to Expanded Withholding Tax (reported under Form 2307) SEQ TAXPAYER NAME OF PAYEES ATC NATURE OF INCOME AMOUNT OF INCOME RATE OF AMOUNT OF TAX. yr December January - December February March April May June July August September October November January MONTHLY FILINGS Withholding Tax Compensation & Expanded. The BIR has issued the following clarifications on the submission of the alphabetical list of employees and list of payees on income payments subject to creditable and final withholding tax (alphalist) in accordance with Revenue Regulations No. 1604-cf (encs)-page 3 alphabetical list of employees/payees from whom taxes were withheld (format only) schedule 7. This is only a perspective sample of QAP while the Alphalist Data Entry program while the updated version of program can't produce QAP on its own unlike the. 1604E shall be immediately discontinued beginning January 31, 2014 and March 1, 2014, respectively, and every year thereafter. Tax payments and deadlines consume considerable amount of time and energy to business owners. despite the prior submission of the individual income payee’s sworn declaration. 2-2015 The Bureau of Internal Revenue (BIR) recently issued Revenue Regulations (RR) No. The preparation of the employee alphalists is an inter-department effort and should not be bourne with the preparer alone. 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. 2017-2018 Business Tax Deadlines Calendar Taxes , Infographics Many business owners see tax season as stressful, but any entrepreneur—no matter how busy or how complex their business is—can stay on top of their taxes when they plan accordingly and get ahead of their deadlines. 1604C/F filed by your employer to the BIR shall constitute as your Income Tax Return and that the BIR Form 2316 shall serve the same purpose as if BIR Form No. BIR Form 1604CF with Alpha List of Employees/Payees - Manual CY 2016 e-SUBMISSION/ SUBMISSION Alphabetical List of Employees/Payees CY 2016 e-PAYMENT/ PAYMENT 0605 BIR Annual Registration Fee TY 2017 REGISTRATION Book of accounts and other accounting records for TY starting 1 February 2017 CY 2017 ISSUANCE. There's really not a year where Bureau of Internal Revenue (BIR) has no surprise when it comes to tax rules and regulations particularly on tax filing. Deadline is on or before March 1. 2017 Year-end Reminders and 2018 Startup Compliance Checklist for Businesses in the Philippines BIR Annual Registration Fee (ARF) Due every 31st of January New PhilHealth Contribution Effective January 2018. filing is not really a problem since the company is willing to pay for any penalty naman. Annual Information Returns (BIR Form 1604CF / 1604 E) Including the Alphabetical List of Employees and Income Receipt 1. S-Corporation Late Filing Penalties. Part 2 Manual filing of BIR Form 1604-CF 4. 1604E shall be immediately discontinued beginning January 31, 2014 and March 1, 2014, respectively, and every year thereafter. This is only a perspective sample of QAP while the Alphalist Data Entry program while the updated version of program can't produce QAP on its own unlike the. e-SUBMISSION Alphabetical List of Employees/Payees CY 2018 e-PAYMENT/PAYMENT 0605 BIR Annual Registration Fee TY 2019 e-FILING/FILING BIR Form 1604CF with the Alphalist of Employees/Payees –Manual with proof of submission CY 2018 REGISTRATION Official Appointment Books for Self-Employed Professionals CY 2019. Submission of alphalist of employees and alphalist of payees in the Philippines that does not conform with the prescribed format resulting to the unsuccessful uploading into the BIR system shall be deemed as not received and shall not qualify as a deductible expense for income tax purposes. However, if you received purely compensation income from only one employer in the Philippines for the calendar year and your income tax has been correctly withheld by your employer (tax due equals tax withheld), the BIR Form No. The Philippine Government has partnered with the Asian Development Bank (ADB) through the Senior High School Support Program (SHSSP) to support in the full implementation of the Senior High School (SHS) Program of the K to 12 Basic Education reform. e-Submission of the lists of buyers/suppliers of a VAT-registered taxpayer for the quarter ended 11. The local employer is required to report the amount of compensation income tax withheld for the year using BIR Form 1604CF (Annual Information Return of Income Tax Withheld on Compensation and Final Withholding Taxes) on or before 31 January of the year following the taxable year. Provided, however, with respect to non-large and large taxpayers who availed of the EFPS (Electronic Filing and Payment System), the deadline for electronically filing the return and paying the taxes due thereon via EFPS shall be five (5) days later than the deadline set above. On April 2015, his business has no operations thus he is going to file a No Payment Return on May 2015. I would like to enroll the following to Citi One Bil under PI-DT C] Innove Postpaid Home Phone Account Name Cl Sun [2 Globe Postpaid Mobile Phone Account Name. The term "De Minimis" benefits which are exempt from the FBT shall, in general, be limited to facilities or privileges furnished or offered by an employer to his employees that are of relatively small value and are offered or furnished by the employer merely as a means of promoting the health, goodwill, contentment, or efficiency of his employees. View Gerald Varas, CPA'S profile on LinkedIn, the world's largest professional community. 1604CF and BIR No. Submission of Report re: Non-Cpmpliance with the Policy on Dress Code Christmas Party Groupings and other reminders Submission of 2nd Term IPCR and Certificates of Trainings/Seminars attended Attendance to our Christmas Party/Thanksgiving Mass and Testimonial Lunch on Dec. 1601E and 1601F), by eFPS filers belonging to Group D* taxpayer's fiscal quarter ends on 1. Employees must complete this form to make sure that they don't under-withhold their California personal income tax. Deadline extension for submission of "appointment book" until May 31 Issuance of Revenue Regulations 4-2014 Revenue Regulations (RR) No. 2-2015 to amend the pertinent provisions of RR No. Deadline is on or before March 1. e-Submission : of sales report using CRM/POS and/or other sales machine with TIN ending in even D and E whose payment deadlines do not coincide with filing. WAIVER: Please note that this is just a basic listing and should not be taken as complete or accurate. Deadline for Submission of Bids Bids must be received by the Procuring Entity's BAC at the address and on or before the date and time indicated in the BDS. But remember, an automatic extension to file is generally. View Karen Vir Bundoc's profile on LinkedIn, the world's largest professional community. Filing and submission of the annual audited financial statements before complying to the SEC number coding scheme. This form is a return that details an employee’s income earned, with the corresponding tax withheld and remitted to the BIR, by the employer, during the taxable year. Submission. S-corporation returns are due by the 15th day of the third month of its tax year. It is used for Alphalist Report This is a yearly report which displays the year end tax detailssee full standard documentation available for this report. The author is a tax associate with the tax advisory and compliance division of Punongbayan & Araullo. Moreover, big mergers that could significantly impact the economy in a positive way are given a chance to come into fruition without facing the problem of unnecessary bureaucracy. For eFiling and Payment System (eFPS)-filers, however, the filing deadlines are based on their groupings, except for FVAT return, which is due on January 10, 2016. ATC Videos include: 1. View ailene dionisio's profile on LinkedIn, the world's largest professional community. 1604E shall be immediately discontinued beginning January 31, 2014 and March 1, 2014, respectively, and every year thereafter. If any of these are wrong or you have a. Form: 1604CF As mentioned, this is for the final withholding tax that needs to be submitted by the employers after the calendar year in which compensation and other earnings were deducted and settled. Who Shall File. Deadline is on or before January 31. Print: 2 copies on Letter (8. Rates and Bases of Tax A. Filing date: On or before January 31 of the following year. You must be trying to beat the deadline of filing for the Annual Information Returns (BIR Form No. 5-2015 RMC No. 30 of the ff. On the deadline of filing of the said forms, BIR issued a tax advisory clarifying that the amount to be indicated in the BIR Forms 1601EQ and 1601FQ is the total amount of taxes withheld for the calendar quarter which already includes the first two month of said quarter using BIR Form 0605 or the old withholding tax returns (BIR Forms 1601E and. Internal DAT Files - If you're using BEU for the last six months to comply with QAP, just click Internal DAT Files and you're ready to generate SRS CSV File. 1-2014 dated December 17, 2013 on submission of alphabetical list or alphalist of employees and list of payees on income payments subject to withholding taxes in the Philippines. This 18-page circular explains matters in a question and answer format. Please view the Citi One Bill Terms and Conditions and a full list of partner utility companies at www. Moreover, the submission of alphalist wherein income payments and taxes are lumped into one single amount is not allowed. 5-2014 to clarify the provisions of the recently issued new rules on Alphalist submission under Revenue Regulation No. e-SUBMISSION Alphabetical List of Employees/Payees CY 2018 e-PAYMENT/PAYMENT 0605 BIR Annual Registration Fee TY 2019 e-FILING/FILING BIR Form 1604CF with the Alphalist of Employees/Payees –Manual with proof of submission CY 2018 REGISTRATION Official Appointment Books for Self-Employed Professionals CY 2019. Nag file na po ako ng 1604CF though rdo email add pero di ko sinabay yung 1604E. Donna May has 5 jobs listed on their profile. BUREAU OF INTERNAL REVENUE Revenue District Office No. 1604CF and BIR No. 1604CF even if your employees are MWE because exemption of MWEs relates to withholding and not with the reports/returns. Otherwise, none or later submissions would result in either receiving fines, bad records, or both. bir form no. Oo nga e, sa friday na deadline ng submission ng 1604CF. 31, 2016 is on Jan. 1604CF and BIr No. GUIDE FOR INTERACTIVE FORMS BIR Form No. In addition, employers must also ensure that the figures indicated in the BIR Form No. 1604cf Monthly Sales Report Monthly Labor Report Annual Labor Report prepare alphalist with 2316 for BIR deadline Jan 31 fillout tax agent for the correct year save and go to 1604cf look for 7. Notes - Postal. 0, sa 1604CF wala ako naging problem dito, unlike dun sa binigay sa akin ng BIR na maraming bugs talaga. 2307 and BIR Form N. 1604C/F filed by your employer to the BIR shall constitute as your Income Tax Return and that the BIR Form 2316 shall serve the same purpose as if BIR Form No. Deadline for Submission of Bids Bids must be received by the Procuring Entity's BAC at the address and on or before the date and time indicated in the BDS. Each blog contains questions and answers of situations ordinary people asks a lawyer concerning matters affecting their lives. On Sale of Goods and Properties - twelve percent (12%) of the gross selling price or gross value in money of the goods or. You must be trying to beat the deadline of filing for the Annual Information Returns (BIR Form No. 1604CF 1604E Registration Fee Jan. The local employer is required to report the amount of compensation income tax withheld for the year using BIR Form 1604CF (Annual Information Return of Income Tax Withheld on Compensation and Final Withholding Taxes) on or before 31 January of the year following the taxable year. Please take note that submission of the 1604-CF follows the same deadline as before, therefore the taxpayers should email 1604-CF attachments on or before January 31, 2014; but, because January 31 is holiday submission is extended until February 3, 2014 and that was confirmed by BIR. 1604CF and BIR No. despite the prior submission of the individual income payee's sworn declaration. RIZANA GRACE has 4 jobs listed on their profile. The harmony of goals towards effective preparation is a work of the Admin, HR, and Accounting Departments. First Step is to generate dat file for 1604CF. For all the other additional returns/forms included in the EFPS as enumerated in Sec. With about a period of working experience in providing accounting and bookkeeping services, we aim to provide accurate and timely financial reports of your business without spending a lot of resources to build your own accounting office. Kris, has 4 jobs listed on their profile. relevant lines of the VAT return for submission to the IRD. Late Bids Any bid submitted after the deadline for submission and receipt of bids. Month of Feb. Per the announcement, “The manual submission of the alphabetical lists containing less than ten (10) employees/payees by withholding agents under Annual Information Returns BIR Form No. Yes! I would like to enroll the following to Citibank One Bill. Income Tax Calculator: Now it is easy to get instant results on annual tax deductions, tax liabilities with our Online Income Tax Calculator for AY 2019-20, 2018-19 and 2017-18. Please take note that submission of the 1604-CF follows the same deadline as before, therefore the taxpayers should email 1604-CF attachments on or before January 31, 2014; but, because January 31 is holiday submission is extended until February 3, 2014 and that was confirmed by BIR. Clarification on the mode of submission of alphalist. 2017 Year-end Reminders and 2018 Startup Compliance Checklist for Businesses in the Philippines BIR Annual Registration Fee (ARF) Due every 31st of January New PhilHealth Contribution Effective January 2018. For each month or portion of a month the return is late, you are penalized $195. eto po yung download link ng ver 3. Late Bids Any bid submitted after the deadline for submission and receipt of bids. So there's new BIR Form 1601EQ as BIR previously announced in a tax advisory. Tionko and Eugene M. View Kris, Trendmedia Inc's profile on LinkedIn, the world's largest professional community. For a more complete and updated listing, please visit the website of the respective agency concerned. 1604-cf (encs)-page 3 alphabetical list of employees/payees from whom taxes were withheld (format only) schedule 7. Accordingly, compliance must be made for filing of BIR Form 1604CF and 1604E immediately, as the regulation is already effective on the deadline for the filing of the same, i. Notes - Postal. 2015 BIR Tax Calendar 1. After the registration process for new businesses in the Bureau of Internal Revenue (BIR), there is still various tax deadline that business owners need to keep a tab on. Those earning annual incomes between P400,000 and P800,000 will pay a fixed amount of P30,000 plus 25% of the excess over P400,000. Likewise, BIR Form 1604CF was filed on January 20. 1604E shall be immediately discontinued beginning January 31, 2014 and March 1, 2014, respectively, and every year thereafter. 2316 within the time required by these Regulations, may be held liable under Section 250 of the Tax Code, as amended, for each. 2018 Tax updates on the filing procedures of Expanded withholding taxes (EWT) and Final withholding taxes (FWT), including the submission of Quarterly Alphalist of Payees 2018 Tax updates on the new tax rates (5% and 10%) of creditable withholding taxes of individual payees as stated in BIR Revenue regulation 11-2018 and 14-2018. Diskette submission - ten (10) or more number or employees or payees who are recipient or income payments subject. On or before March 1 of the year following the calendar year in which the income payments subject to expanded withholding taxes or exempt from withholding tax were paid or accrued. Otherwise, none or later submissions would result in either receiving fines, bad records, or both. Submission of Report re: Non-Cpmpliance with the Policy on Dress Code Christmas Party Groupings and other reminders Submission of 2nd Term IPCR and Certificates of Trainings/Seminars attended Attendance to our Christmas Party/Thanksgiving Mass and Testimonial Lunch on Dec. tapos pag late filing. 1604CF/1604E) and Monthly Remittance Returns (BIR Form No. The deadline for filing is on or before the March 1 of the year following the calendar year when taxes were paid or accrued. Tionko and Eugene M. Under RMC No. 2017-2018 Business Tax Deadlines Calendar Taxes , Infographics Many business owners see tax season as stressful, but any entrepreneur—no matter how busy or how complex their business is—can stay on top of their taxes when they plan accordingly and get ahead of their deadlines. eto po yung download link ng ver 3. As the number of employee grows, it will also demand more time and expenses for business owners to track all their records, making sure that they are getting the correct payments and benefits, paying the right taxes and government contributions and many other things. AWS DevOps Engineer ensures that August 99’s services—both our internally critical and our externally-visible systems, e. Firstly, HR processes should handle the registration of employees with BIR. The BIR has issued the following clarifications on the submission of the alphabetical list of employees and list of payees on income payments subject to creditable and final withholding tax (alphalist) in accordance with Revenue Regulations No. 1604CF and 1604E The only valid modes of submission will be through electronic submission: as attachments in the Electronic Filing and Payment System (eFPS); using the BIRs e-mail address at [email protected] Aside from […]. 19-2015 was issued by the BIR to clarify the Frequently Asked Questions (FAQs) Relative to the Implementation of the Electronic Platform in Filing Tax Returns under efPS or eBIRForms for filing Income Tax. eto po yung download link ng ver 3. 1604CF and BIR No. View ailene dionisio's profile on LinkedIn, the world's largest professional community. Deadlines may change without prior notice. If any of these are wrong or you have a. You won't have to 'ne up or take note of monthly due dates. BIR Form 1604CF with Alpha List of Employees/Payees - Manual CY 2016 e-SUBMISSION/ SUBMISSION Alphabetical List of Employees/Payees CY 2016 e-PAYMENT/ PAYMENT 0605 BIR Annual Registration Fee TY 2017 REGISTRATION Book of accounts and other accounting records for TY starting 1 February 2017 CY 2017 ISSUANCE. Required attachment to these are alphabetical list of employees and list of payees on income payments subject to creditable and final withholding taxes. the employer files the annual information return of income taxes withheld on compensation and final withholding taxes (BIR Form 1604CF) the employer issues the certificate of compensation payment/tax withheld (BIR Form 2316) to each employee. Under RMC No. With about a period of working experience in providing accounting and bookkeeping services, we aim to provide accurate and timely financial reports of your business without spending a lot of resources to build your own accounting office. BUREAU OF INTERNAL REVENUE Revenue District Office No. ) the BIR Form 2316 for em­ploy­ees cov­ered un­der sub­sti. In addition, employers must also ensure that the figures indicated in the BIR Form No. ph; and at dedicated BIR addresses using the prescribed CSV data file format, the details of which shall be covered by a separate. See the complete profile on LinkedIn and discover Karen Vir's connections and jobs at similar companies. Previous years’ employment are not taken into consideration for current year’s calculation of income tax so you should be good. In general, late filers pay 25% of tax due, plus 20% interest per annum and a compromise penalty. PayrollHero helps complete AlphaList requirements for you. kelan pa lumabas yung ver 3. Each blog contains questions and answers of situations ordinary people asks a lawyer concerning matters affecting their lives. 1604CF and BIr No. I have taken note of your posted deadlines. com hence all the posts are from the previous blog except this one. The Bureau of Internal Revenue (BIR) has required all employers to submit the duplicate copy of BIR Form 2316 (Certificate of Compensation Payment/Tax Withheld) of their employees who are qualified for substituted filing to the BIR. Filing of form 1604CF needs to be accomplished by the withholding agent on or before the 31st of January after the calendar year in which compensation payments and other fees subject to final withholding taxes were settled. Revenue Regulations (RR) No. The deadline for electronically filing and paying the taxes due thereon shall be in accordance with the provisions of existing applicable revenue issuances. View RIZANA GRACE ESTUESTA'S profile on LinkedIn, the world's largest professional community. 1604CF/1604E) and Monthly Remittance Returns (BIR Form No. Since I only asked it this May, if i'll file for my own itr, then my penalty fee for late submission would be more than Php 5,000. Deadline is on or before January 31. Submission by mail. The local employer is required to report the amount of compensation income tax withheld for the year using BIR Form 1604CF (Annual Information Return of Income Tax Withheld on Compensation and Final Withholding Taxes) on or before 31 January of the year following the taxable year. Despite their two successful international shows to date, the first one was a four-city North American reunion tour last 2012, the band composed of Ely Buendia, Raimund Marasigan, Buddy Zabala and Marcus Adoro have not been booked for other dates this year nor are they keen on accepting another one. We provide assistance to business owners in complying with their tax requirements and deadlines. Diskette submission - ten (10) or more number or employees or payees who are recipient or income payments subject. For value-added tax (VAT) refunds, Section 112 of the Tax Code provides that the taxpayer, whose sales are zero-rated or effectively zero-rated, has two years after the close of the taxable quarter when the sales were made, to apply for an administrative claim for refund. P1,000 per failure to submit per return or per information, up to P25,000 per year for each category. Missed the tax filing deadline? Here are the penalties. BIR Form 1606. The BIR has issued the following clarifications on the submission of the alphabetical list of employees and list of payees on income payments subject to creditable and final withholding tax (alphalist) in accordance with Revenue Regulations No. Here's a detailed guide. BIR Form 1604E - composed of the summary of expanded withholding tax (BIR Form 1601E) that was filed and paid to the BIR during the taxable year, and the summary list of income payees for the same period. Taxpayers who seek to add information to or make other changes to income tax returns they already filed may file amended returns even after the filing deadline, provided that they have not yet been issued letters from the Bureau of Internal Revenue, a BIR official told GMA News Online. 11-2013 was issued by amending RR No. So there's new BIR Form 1601EQ as BIR previously announced in a tax advisory. On the other hand, the taxes withheld on the suppliers of goods, services and government public contracts for the month of December 2014 were remitted on January 5, 2015 amounting to P844,324. 24, 2005 WITH the many tax evasion cases being filed by the Bureau of Internal Revenue against corporations and individuals under the Run After Tax Evaders (RATE) program, many still wonder, "What constitutes tax evasion?". Internal DAT Files - If you're using BEU for the last six months to comply with QAP, just click Internal DAT Files and you're ready to generate SRS CSV File. How To Prepare An Alphalist for the Philippines Posted on July 14, 2014 by Stephen Jagger This is the first guest post of many to come from Kevin Jay B Umali , a CPA in the Philippines. S-corporation returns are due by the 15th day of the third month of its tax year. 12-2015 RMC No. Income Tax Calculator: Now it is easy to get instant results on annual tax deductions, tax liabilities with our Online Income Tax Calculator for AY 2019-20, 2018-19 and 2017-18. e-SUBMISSION Alphabetical List of Employees/Payees CY 2018 e-PAYMENT/PAYMENT 0605 BIR Annual Registration Fee TY 2019 e-FILING/FILING BIR Form 1604CF with the Alphalist of Employees/Payees -Manual with proof of submission CY 2018 REGISTRATION Official Appointment Books for Self-Employed Professionals CY 2019. 7 million employees in the Philippines, perhaps by now, you may have already received an e-mail or a memo from your employer asking or confirming whether you are qualified for substituted tax filing of your Annual Income Tax Return (BIR Form 1700) for calendar year 2015. Who Shall File. LAST March 5, the Bureau of In­ter­nal Rev­enue (BIR) is­sued Rev­enue Reg­u­la­tion (RR) No. e-SUBMISSION • List of regular suppliers of goods and services of the top 20,000 private corporations for second semester of. 1-2014, amending the provisions of revenue regulations (RR) No. Loose-leaf books of accounts are due for submission on the 15th, while the computerized books of accounts are due on the 30th. Tax credit is an alternative remedy to a refund of overpaid taxes which may be applied to offset tax liabilities. You may want to check out more software, such as Alphalist Data Entry , Data Entry Test or CRA Data Entry Software 2011 , which might be similar to ALPHALIST DATA ENTRY and VALIDATION. What is the treatment for Withholding of VAT on Government Money Payments? IV. Dates: Effective Date: November 15, 2002. The deadline for electronically filing and paying the taxes due thereon shall be in accordance with the provisions of existing applicable revenue issuances. Nag file na po ako ng 1604CF though rdo email add pero di ko sinabay yung 1604E. 5-2014, the stiff penalty of disallowance of the income. This time, Mr. Bakit nung nag send naman ako ng 1604E on the same rdo, sabi nya "we have assumed that the files being attached already passed the alphalist validation module ver. 1604-cf (encs)-page 3 alphabetical list of employees/payees from whom taxes were withheld (format only) schedule 7. RMC 5-2014: BIR Clarifies RR No. See the complete profile on LinkedIn and discover. For those companies using a calendar year for its operations, books of accounts are to be submitted in January. On April 5, 2015, we shared to you recent important updates on eBIRForms and others which includes the issuance of the following Revenue Regulations (RR) and Revenue Memorandum Circulars (RMC): RR No. With the countdown to the BIR deadline for alphalist dwindling down, there is no better time to start ensuring that all is needed for the submission than now. e-Submission of the lists of buyers/suppliers of a VAT-registered taxpayer for the quarter ended 11. Filing and submission of the annual audited financial statements before complying to the SEC number coding scheme. 19-2015 was issued by the BIR to clarify the Frequently Asked Questions (FAQs) Relative to the Implementation of the Electronic Platform in Filing Tax Returns under efPS or eBIRForms for filing Income Tax. Growing a profitable business most of the time also requires the need to grow the number of employees. BUREAU OF INTERNAL REVENUE Revenue District Office No. despite the prior submission of the individual income payee's sworn declaration. The deadline is on or before January 31st. Deadline extension for submission of "appointment book" until May 31 Issuance of Revenue Regulations 4-2014 Revenue Regulations (RR) No. Submission. 1604-cf (encs)-page 3 alphabetical list of employees/payees from whom taxes were withheld (format only) schedule 7. Moreover, big mergers that could significantly impact the economy in a positive way are given a chance to come into fruition without facing the problem of unnecessary bureaucracy. For companies reporting a VAT-refundable position, PwC Philippines Tax Senior Consultant Ranier C. January 01-15, 2019 : 20 Sunday. 1604CF and 1604E The only valid modes of submission will be through electronic submission: as attachments in the Electronic Filing and Payment System (eFPS); using the BIRs e-mail address at [email protected] Action points for LESSEES: 1. Those earning annual incomes between P400,000 and P800,000 will pay a fixed amount of P30,000 plus 25% of the excess over P400,000. 13-2015 To read back the summary of those updates, please click here. The author is a tax associate with the tax advisory and compliance division of Punongbayan & Araullo. 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. 1604CF and BIR No. 1-2014 provide new requirements on the submission by withholding agents of the alphabetical list (“alphalist”) of their employees and income payees which are required attachments to the Annual Information Returns (BIR Form No. 1604CF/1604E) and Monthly Remittance Returns (BIR Form No. Annual Information Returns (BIR Form 1604CF / 1604 E) Including the Alphabetical List of Employees and Income Receipt 1. 18, by eFPS filers belonging to Group A*. One comment on " [REMINDER] 2016 Tax Reminders " MARYLIN M GONZALES April 25, 2016 at 6:43 pm. Kris, has 4 jobs listed on their profile. Firstly, HR processes should handle the registration of employees with BIR. just that when i reconciled the total amount of taxes withheld from employees and the total amount of. 2307 and 2316. ATC Videos include: 1. THE FIRM hereby agrees that it shall follow the highest professional standards in performing all services to be provided under this agreement. 1604CF - Guidelines and Instructions bir. the employer files the annual information return of income taxes withheld on compensation and final withholding taxes (BIR Form 1604CF) the employer issues the certificate of compensation payment/tax withheld (BIR Form 2316) to each employee. If any of these are wrong or you have a. BIR Form 1604-E, or also known as Annual Information Return of Creditable Income Taxes Withheld (Expanded)/ Income Payments Exempt from Withholding Taxes shall be filed by a withholding agent who is required to withhold taxes on income payments which are subject to Expanded Withholding Taxes. Simply enter your income, investment details & get the result in no time. In Summary. ph; and at dedicated BIR addresses using the prescribed CSV data file format, the details of which shall be covered by a separate. If not then she needs to update using BIR form 2305. Every year, there are new sets of rules, procedures, forms introduced to taxpayers, tax agents and all other stakeholders that add pressure in meeting the filing deadlines. You can use basic addition or subtraction to determine how the date shifts as you change your fiscal year end. If the due date falls on a Saturday, Sunday or legal holiday, it must be submitted on the first working day AFTER. Submission may be done via any of the following:. Guidelines and Instructions Who Shall File This return shall be filed in triplicate by every employer or withholding agent/payor who is either an individual, estate, trust, partnership, corporation, government agency and instrumentality, government owned and controlled corporation, local government unit. When is the deadline for submission of the above Summary Lists? What are the penalties for failure to submit the Summary Lists? III. 31 - Annual Information of Income Tax Withheld on Compensation (1604CF) Required Attachment: Annual Alphalist of Employees with Validation *Note that deadlines falling on weekends, holidays and non-working days will be moved to the next working day. Withholding Tax Remittance Return (For Transactions Involving Real Property other than Capital Asset including Taxable and Exempt). 2-2015, re­quir­ing large tax­pay­ers (LTS) to scan and sub­mit in a DVD-R: a. statement or list, or keep any record, or supply any information required by the Code or by the Commissioner on the date prescribed therefor, unless it is shown that such failure is due to reasonable cause and not to willful neglect, there shall, upon notice and demand by the Commissioner, be paid by the person failing to file, keep or supply the same One thousand pesos (P= 1,000. BIR Form 2316: What Employers and Employees Should Know March 4, 2017 By Love Buenaventura BIR Form 2316 or Certificate of Compensation Payment / Tax Withheld For Compensation Payment is a certificate issued by the employer to all employees receiving salaries, wages, and other forms of remuneration during the calendar year. Filing of form 1604CF needs to be accomplished by the withholding agent on or before the 31st of January after the calendar year in which compensation payments and other fees subject to final withholding taxes were settled. 1604E shall be immediately discontinued beginning January 31, 2014 and March 1, 2014, respectively, and every year thereafter. 51 for those reported under BIR Form 1601-E. PayrollHero helps complete AlphaList requirements for you. Submission of Report re: Non-Cpmpliance with the Policy on Dress Code Christmas Party Groupings and other reminders Submission of 2nd Term IPCR and Certificates of Trainings/Seminars attended Attendance to our Christmas Party/Thanksgiving Mass and Testimonial Lunch on Dec. But remember, an automatic extension to file is generally. 2018 Tax updates on the filing procedures of Expanded withholding taxes (EWT) and Final withholding taxes (FWT), including the submission of Quarterly Alphalist of Payees 2018 Tax updates on the new tax rates (5% and 10%) of creditable withholding taxes of individual payees as stated in BIR Revenue regulation 11-2018 and 14-2018. 1601C and BIR Form No. 2017 Year-end Reminders and 2018 Startup Compliance Checklist for Businesses in the Philippines BIR Annual Registration Fee (ARF) Due every 31st of January New PhilHealth Contribution Effective January 2018. 4) is already. ph; and at dedicated BIR addresses using the prescribed CSV data file format, the details of which shall be covered by a separate. 5 before January 21, 00:00hrs chances are, you are affected by the. Bakit nung nag send naman ako ng 1604E on the same rdo, sabi nya “we have assumed that the files being attached already passed the alphalist validation module ver. 11-2013 with regards to the submission of copies of BIR Form Nos. By: Garry S. 12-2015 RMC No. See the complete profile on LinkedIn and discover. The Bureau of Internal Revenue (BIR) has required all employers to submit the duplicate copy of BIR Form 2316 (Certificate of Compensation Payment/Tax Withheld) of their employees who are qualified for substituted filing to the BIR. 20,2018 and University Christmas Party on Dec. Firstly, HR processes should handle the registration of employees with BIR. Those earning between P250,000 and P400,000 per year will be charged an income tax rate of 20% on the excess over P250,000. 1604CF and BIR No. 0 Cash Register Machines Used for Internal Control. Submission. You must be trying to beat the deadline of filing for the Annual Information Returns (BIR Form No. SUBMISSION. ailene has 3 jobs listed on their profile. Taxpayers who seek to add information to or make other changes to income tax returns they already filed may file amended returns even after the filing deadline, provided that they have not yet been issued letters from the Bureau of Internal Revenue, a BIR official told GMA News Online. This form is a return that details an employee’s income earned, with the corresponding tax withheld and remitted to the BIR, by the employer, during the taxable year. On the deadline of filing of the said forms, BIR issued a tax advisory clarifying that the amount to be indicated in the BIR Forms 1601EQ and 1601FQ is the total amount of taxes withheld for the calendar quarter which already includes the first two month of said quarter using BIR Form 0605 or the old withholding tax returns (BIR Forms 1601E and. In Summary. Tax credit is an alternative remedy to a refund of overpaid taxes which may be applied to offset tax liabilities. For companies reporting a VAT-refundable position, PwC Philippines Tax Senior Consultant Ranier C. 1604CF/1604E) and Monthly Remittance Returns (BIR Form No. Required attachment to these are alphabetical list of employees and list of payees on income payments subject to creditable and final withholding taxes. 11-2013 with regards to the submission of copies of BIR Form Nos. Employees must complete this form to make sure that they don't under-withhold their California personal income tax. Month of Feb. Those earning annual incomes between P400,000 and P800,000 will pay a fixed amount of P30,000 plus 25% of the excess over P400,000. 1604E shall be immediately discontinued beginning January 31, 2014 and March 1, 2014, respectively, and every year thereafter. The deadline for the submission of the Alphalist of Employees & 1604CF is near, very near. If the accounting/payroll department also failed to accurately imposed withholding of taxes against employees’ compensation, several adjustments and analysis will take place to delay the completion of 1604CF. 20,2018 and University Christmas Party on Dec. tapos pag late filing. 2018: Submission of End of School Year (EOSY) Reports for SGOD-Planning and Research Section DivMemo No. Any employer/withholding agent, including the government or any of its political subdivisions and government owned and controlled corporations, who/which fails to comply with the above filing/submission of BIR Form No. 1 of the ff. DISTRIBUTION AND SUBMISSION OF BIR FORM 2316 – CERTIFICATES OF COMPENSATION PAYMENT/TAX WITHHELD. Normal Rate of Income Tax The regular rates of income tax are as follows: January 1 to October 31, 2005 -----32% November 01, 2005 to December 31, 2008 -----35%. Those earning between P250,000 and P400,000 per year will be charged an income tax rate of 20% on the excess over P250,000. 2316 within the time required by these Regulations, may be held liable under Section 250 of the Tax Code, as amended, for each.