AsiaBiz Consultancy and Management Services Corporation

1st Beppo Conference

JuanTax

“Excellent taxpayer service not only means the improvement of our services, but also that of adjusting to the realities faced by taxpayers in real-time. Please take care of your families and loved ones, we will move the deadline to July 31" – Commissioner Romeo D. Lumagui Jr.

Makakaroon po tayo ng issuance hinggil sa extension ng deadline sa bayad at filing ng iba’t-ibang mga tax dues. Ang palugit ay upang bigyan ng panahon ang mga taxpayers na unahin ang kanilang kaligtasan sa gitna kalamidad na dulot ni Super Typhoon Carina at ng habagat. Ilan sa mga daing ng taxpayers ay ang kawalan ng transportasyon, kuryente, at internet na siyang balakid para makapagbayad sa deadline kaya agad po nating pinatupad ang deadline.

Narito ang mga dues na sakop ng deadline extension:

• SUBMISSION of Quarterly Summary List of Sales/Purchases/Importations by a VAT Registered Taxpayer-Non-eFPS Filers -- For the Quarter Ending June 30, 2024

• SUBMISSION of Sworn Statement of Manufacturer's or Importer's Volume of Sales of each particular Brand of Alcohol Products, To***co Products and Sweetened Beverage Products -- For the Quarter Ending June 30, 2024

• e-FILING/FILING & e-PAYMENT/PAYMENT of BIR Form 2550Q (Quarterly Value-Added Tax Return) - eFPS & Non-eFPS Filers -- For the Quarter Ending June 30, 2024

• e-FILING FILING & e-PAYMENT/PAYMENT of BIR Form 2551Q (Quarterly Percentage Tax Return) - For the Quarter Ending June 30, 2024

Sakop ng extension ang mga sumusunod na RDO:

Region III

Revenue District Office No. 17A - Tarlac City, Tarlac
Revenue District Office No. 17B - Paniqui, Tarlac
Revenue District Office No. 18 - Olongapo City, Zambales
Revenue District Office No. 19 - Subic Bay Freeport Zone
Revenue District Office No. 20 - Balanga City, Bataan
Revenue District Office No. 21A - Angeles City, North Pampanga
Revenue District Office No. 21B - City of San Fernando, South Pampanga
Revenue District Office No. 21C - Clark Freeport and Special Economic Zone (CFEZ)
Revenue District Office No. 22 - Baler, Aurora
Revenue District Office No. 23A - Talavera, North Nueva Ecija
Revenue District Office No. 23B - Cabanatuan City, South Nueva Ecija
Revenue District Office No. 25A - West Bulacan
Revenue District Office No. 25B - East Bulacan

Region IV-A

Revenue District Office No. 46 - Cainta-Taytay
Revenue District Office No. 54A - Trece Martires City, East Cavite
Revenue District Office No. 54B - Kawit, West Cavite
Revenue District Office No. 58 - Batangas City, West Batangas
Revenue District Office No. 59 - Lipa City, East Batangas
Revenue District Office No. 55 - San Pablo City, East Laguna
Revenue District Office No. 56 - Calamba City, Central Laguna
Revenue District Office No. 57- Biñan City, West Laguna
Revenue District Office No. 60 - Lucena City, North Quezon
Revenue District Office No. 61 - Gumaca, South Quezon

National Capital Region (NCR)

Revenue District Office No. 24 - Valenzuela City
Revenue District Office No. 26 - Malabon City/Navotas City
Revenue District Office No. 27 - Caloocan City
Revenue District Office No. 28 – Novaliches
Revenue District Office No. 29 - Tondo - San Nicolas
Revenue District Office No. 30 – Binondo
Revenue District Office No. 31- Sta. Cruz
Revenue District Office No. 32 - Quiapo-Sampaloc-San Miguel-Sta. Mesa
Revenue District Office No. 33 - Ermita-Intramuros-Malate
Revenue District Office No. 34 - Paco-Pandacan-Sta. Ana-San Andres
Revenue District Office No. 38 - North Quezon City
Revenue District Office No. 39-South Quezon City
Revenue District Office No. 40 – Cubao
Revenue District Office No. 41 - Mandaluyong City
Revenue District Office No. 42 - San Juan City
Revenue District Office No. 43 - Pasig City
Revenue District Office No. 45 – SMART (San Mateo - Marikina - Antipolo - Rodriguez - Teresa)
Revenue District Office No. 47- East Makati City
Revenue District Office No. 48 - West Makati City
Revenue District Office No. 49 - North Makati City
Revenue District Office No. 50 - South Makati City
Revenue District Office No. 44 - Taguig City-Pateros
Revenue District Office No. 51 - Pasay City
Revenue District Office No. 52 - Parañaque City
Revenue District Office No. 53A - Las Piñas City
Revenue District Office No. 53B - Muntinlupa City
Revenue District Office No. 116 - Regular LT Audit Division I
Revenue District Office No. 125 - Regular LT Audit Division II
Revenue District Office No. 126 - Regular LT Audit Division III
Revenue District Office No. 121 - Excise LT Audit Division I
Revenue District Office No. 124 - Excise LT Audit Division II

Local Declarations

Revenue District Office No. 1 - Laoag City, Ilocos Norte
Revenue District Office No. 2 - Vigan City, Ilocos Sur
Revenue District Office No. 3 - San Fernando, La Union
Revenue District Office No. 4 - Calasiao, Central Pangasinan
Revenue District Office No. 5 - Alaminos City, West Pangasinan
Revenue District Office No. 6 - Urdaneta City, East Pangasinan
Revenue District Office No. 7 - Bangued, Abra
Revenue District Office No. 8 - Baguio City
Revenue District Office No. 9 - La Trinidad, Benguet
Revenue District Office No. 10 - Bontoc, Mt. Province

"All remaining Official Receipts can be used, until fully consumed. Inventory reports and notices can be submitted through email. The BIR is committed to making the transition to EOPT as convenient to taxpayers as possible. Comments and suggestions on the different services provided by the BIR and its implementation of the EOPT are welcome" --Commissioner Romeo D. Lumagui

Maari pa ring gamitin ang mga natitirang Official Receipts (OR) hanggang maubos ang mga ito, kahit lumagpas pa ng December 31, 2024. Ang mga Inventory Reports o Notice na kailangan sa transitory provitions ng Revenue Regulation No. 7-2024 ay maari na pong ipasa sa email. Ang mga pagbabago na ito ay alinsunod po sa Revenue Regulation No. 11-2024 at Revenue Memorandum Circular No. 66-2024 na may layunin na mas padaliin ang paglilipat sa bagong sistema na buhat ng Ease of Paying Taxes Act.

Sinisikap ng BIR na padaliin at pasimplehin ang iba't-ibang mga regulations, sistema, at mga proseso mula ng maisabatas ang EOPT. Kasabay nito ay ang ating walang sawang pagpapayaman ng kaalaman ng mga taxpayers sa pamamagitan ng mga EOPT Roadshows. Dumayo na po ang mga lider ng BIR sa Metro Manila, Cebu, Davao, Koronadal, at Pangasinan para makapagbahagi ng kaalaman sa mga taxpayers. Dumagsa ang libu-libong mga taxpayers, tax practitioners, at mga negosyante para maging updated sa EOPT.

Tuloy-tuloy po nating lilibutin ang iba't-ibang mga bayan para makapagdaos ng EOPT Roadshow, ito po ay bahagi ng ating programa para sa taxpayer education.

4 DAYS LEFT!

Avoid the Rush!

With the deadline fast approaching, the BIR is reminding Corporate Taxpayers to file their 2024 1st Quarter Income Tax Return and pay the Tax Due thereon on or before May 30, 2024.

Please join our webinar.

Did you know?

Want to know how to file your Annual Income Tax Return (AITR)?

Join us as we conduct a free webinar via Zoom and Facebook Live on everything you need to know on how to file and pay your AITR. This coming March 26, 2024, we will discuss the AITR filing and payment for employees earning purely compensation income and mixed income earners.

Click the link to pre-register: https://bit.ly/3PKl8dx. Limited slots are available for Zoom participants so register now!

March 14, 2024
📖Word of the day: X-Reading

Revenue Memorandum Circular No. 36-2024 clarifies the manner of computing the Minimum Corporate Income Tax (MCIT) for Taxable Year 2023
Read the circular for your guidance on this change: https://bit.ly/4a6q7g3

TAX DEADLINE
March 5, 2024 | Tuesday

Extended deadline for submission of 2316 from February 28, 2024 to March 31, 2024

Revenue Memorandum Circular: https://bit.ly/3TcTmIL

Para po sa kaalaman ng lahat, extended po ang deadline ng pagpasa ng BIR Form No. 2316.

March 31, 2024 na po ang bagong deadline.

Revenue Memorandum Circular: https://bit.ly/3TcTmIL

Alphalist Data Entry and Validation Module Version 7.2 is now available!

https://www.bir.gov.ph/index.php/downloadables.html

Para po sa filing ng Alphabetical List of Employees/Payees from Whom Taxes Were Withheld for the taxable year 2023, extended po ang deadline nito.

Paalala rin po na ating sundin ang revised file structures at naming conventions (Annex A at B) ng ating mga alphalist.

Narito po ang buong Revenue Memorandum Circular: https://bit.ly/3HXDBib
Annex A: https://bit.ly/49iT0Wr
Annex B: https://bit.ly/42DHimF

SEC (Securities and Exchange Commission Philippines)

The 2024 AFS and GIS filing schedule is here!!!

https://www.sec.gov.ph/mc-2024/sec-mc-no-02-series-of-2024-2024-filing-of-annual-financial-statements-and-general-information-sheet/ .tab=0

📣📣

‼️BIR RMC 16-2024‼️
Extends the deadline for the submission of alphabetical list of employees/payees from whom taxes were withheld https://www.bir.gov.ph/images/bir_files/internal_communications_2/RMCs/2024%20RMCs/RMC%20No.%2016-2024.pdf

Dearest Taxpayers,

Please be informed that the Internal Revenue Integrated System (IRIS) is encountering a "System Error Log" causing it to be inaccessible/unavailable.

We apologize for the inconvenience that this has caused. Our system is OFFLINE until further notice.

Thank you and Keep Safe!

📢 SEC EXTENDS AMENSTY UNTIL SEPTEMBER 30

The SEC has extended anew the deadline for amnesty applications for late and non-filing of annual financial statements (AFS), general information sheets (GIS), and official contact details.

The deadline for all amnesty applications is now set to September 30, as provided under SEC Memorandum Circular No. 9, Series of 2023, issued on June 30.

The SEC is also streamlining amnesty applications by adopting a Unified Amnesty Application Form, a web-based form available on the Electronic Filing and Submission Tool that will allow eligible companies to express their concurrence and/or consent to certain conditions of the amnesty process.

For more information, read here ⬇️
bit.ly/secmc92023

Source - SEC Website

📢 SEC EXTENDS AMENSTY UNTIL SEPTEMBER 30

The SEC has extended anew the deadline for amnesty applications for late and non-filing of annual financial statements (AFS), general information sheets (GIS), and official contact details.

The deadline for all amnesty applications is now set to September 30, as provided under SEC Memorandum Circular No. 9, Series of 2023, issued on June 30.

The SEC is also streamlining amnesty applications by adopting a Unified Amnesty Application Form, a web-based form available on the Electronic Filing and Submission Tool that will allow eligible companies to express their concurrence and/or consent to certain conditions of the amnesty process.

For more information, read here ⬇️
bit.ly/secmc92023

Source - SEC Website

SEC MC No. 9, series of 2023Further Extension of the Deadline for Amnesty Applications Under SEC MC No. 2, s. of 2023, and Streamlining of the Application Process - Securities and Exchange Commission Post Views: 880 SEC Issuances Menu Memorandum Circulars By Year By Category Opinions Decisions Resolutions Cease and Desist Orders Other Orders Order of Revocation Corporations with Revoked Primary Registration Order of Suspension Corporations with Suspended Primary Registration Corporations with Su...

Commissioner Romeo "Jun" Lumagui Jr. exempts from VAT certain medicines for Cancer, Diabetes, High Cholesterol, Hypertension, Kidney Disease, Mental Illness and Tubercolosis.

Read full text here: http://bitly.ws/JVw6

The Bureau of Internal Revenue (BIR) has recently issued Revenue Memorandum Circular (RMC) No. 70-2023 circularizing the List of Withholding Agents Required to Deduct and Remit the 1% or 2% Creditable Withholding Tax (CWT) for the Purchase of Goods and Services under Revenue Regulations (RR) No. 31-2020.

👉 Taxpayers are advised to visit BIR website where the updated list is uploaded;
👉 The obligation to deduct and remit the 1% and 2% CWT shall commence (for new top withholding agents/TWAs) or cease (for those delisted TWAs) effective July 1, 2023;
👉 Any taxpayer not found in the published list of TWAs is not required to deduct and remit the 1% and 2% CWT.
https://www.bir.gov.ph/images/bir_files/top_taxpayers/06-22-2023/List%20of%20Additional%20Withholding%20Agents%20-%20Non-Individual.pdf

BIR Revenue District Office 047 - East Makati is inviting you to a scheduled Zoom meeting.

Topic: Estate Tax Amnesty Refresher and Step-by-Step Procedures in Filling Out of Returns
Time: May 17, 2023 (Wednesday) at 01:00 PM to 4:00 PM

Join Zoom Meeting
https://us02web.zoom.us/j/89739259560?pwd=Ri8wWE9IdVVxamdxMkZSTmFEc1JWQT09

Meeting ID: 897 3925 9560
Passcode: 228919

📢 𝐒𝐄𝐂 𝐄𝐗𝐓𝐄𝐍𝐃𝐒 𝐃𝐄𝐀𝐃𝐋𝐈𝐍𝐄 𝐅𝐎𝐑 𝐀𝐌𝐍𝐄𝐒𝐓𝐘 𝐀𝐏𝐏𝐋𝐈𝐂𝐀𝐓𝐈𝐎𝐍

The Securities and Exchange Commission is extending the deadline for applications for amnesty for late and non-filing of annual reportorial requirements.

Eligible companies now have until 𝐉𝐔𝐍𝐄 𝟑𝟎 to finish their amnesty applications. Moreover, applicants now have 𝟗𝟎 𝐃𝐀𝐘𝐒, instead of 45 days, from the date of payment to submit their latest due financial statements.

After the extended deadline of June 30, an updated scale of fines and penalties for the covered reportorial requirements shall be implemented.

To find out if your company is eligible for amnesty, visit amnesty.sec.gov.ph

Download the forms and requirements at bit.ly/amnestyforms and watch our tutorial videos for a step-by-step guide on the application process: linktr.ee/secphilippines

To know more about the requirements and procedure, read SEC Memorandum Circular No. 2, Series of 2023: https://www.sec.gov.ph/mc-2023/sec-mc-no-02-series-of-2023/ .tab=0

To know more about the extension of the deadline, read SEC Memorandum Circular No. 6, Series of 2023: https://www.sec.gov.ph/mc-2023/sec-mc-no-06-series-of-2023/ .tab=0

Advisory on the Submission of Attachments to 2022 AITR filed through eBIRForms due on May 2, 2023.