Yes, filing of withholding tax returns had become quarterly but wait, amount withheld still needs to be remitted monthly using the BIR Monthly Remittance Forms, BIR Form Nos. 0619E and/or 0619F.
New BIR Form Nos. 0619E and 0619F
59
BIR Form 1601EQ reflects new withholding tax rates
So we have just filed our first BIR Form No. 1601EQ. It would be hard to miss that the new expanded withholding tax rates for individuals are already reflected in the new form pursuant to Revenue Regulations No 11-2018 (RR 11-2018) and Revenue Regulations 14-2018 (RR 14-2018). Here’s a comparison between the new tax rates and the old ones.
RR No. 13-2018 implements VAT provisions of TRAIN
The BIR issued Revenue Regulations No. 13-2018 implementing the VAT provisions of Republic Act No. 10963 (TRAIN) by amending certain provisions in RR 16-2005 (Consolidated VAT Regulations of 2005). Below are the main provisions as identified by Navarro Amper & Co in their Tax News April 2018. Continue reading
RR 11-2018 amends withholding tax regulations pursuant to TRAIN
Revenue Regulations No. 11-2018 amended several tax regulations on withholding tax to implement further the provisions in Republic Act No. 10963 (TRAIN). Here are items highlighted in Navarro Amper & Co. DTTL Tax News April 2018. Continue reading
How to file 1601EQ through eFPS?
So there’s new BIR Form 1601EQ as BIR previously announced in a tax advisory. Make sure to do things right the first time. Here’s a detailed guide.
New BIR Forms 1601EQ and 1601FQ
New friends for your storage and filing cabinets, BIR Forms 1601EQ and 1601FQ.
Tax Advisory on EWT and FWT
Goodbye BIR Form 1601E – hello BIR Form 0605 – see you soon BIR Form 1601EQ? Continue reading
Lower income taxes effective January 1, 2018
Effective January 1, 2018, Filipino workers like me will have higher take-home pay due to the lower income tax rates*. Yey!
First blog post
I am Kimber Bagahansol. I currently work in a private organization as a Senior Accountant for Tax and Statutory Compliance. I honestly did not think Tax is the field I would want to be into at first. But it had always chased me down through out my career.
