Fopm Aa Training Tax Module

Tax Compliance

Tax Compliance BIR Forms (Manual and Online)Dealing with Letter of Authority (LOA) and Letter Notice (LN) from BIROVERVIEW OF BIR FILING SYSTEM

OVERVIEW OF BIR FILING SYSTEMFILING SYSTEMMODE OF FILINGMODE OF PAYMENTMANUALMANUALLYMANUALLYEFPSElectronically using EFPS Platform(RR 9-2011)ElectronicallyE-BIRFormElectronically using 1.Offline EBIRForms System v5.0(RMC 31-2015,supersedes RMC 26-2015) or thru2.Online EBIRForms System ManuallyOr Electronically(RMC 38-2014)DEFINITION OF TERMS DEFINITION OF TERMSOffline Activity is accomplished while individual is not connected to the internetOnline Activity is accomplished while individual is connected to the internetManual filing Taxpayer fills up form offline, prints it and submits form to AAB, RDO/ RCO.Electronic filing (in reference to the use of the eBIRForms)-Taxpayer fills up the forms using the downloadable eBIRForms (offline) package.Manual payment Taxpayer or tax agent physically hands over payment to AAB or RCOElectronic payment Taxpayer or tax agent enrolls in a payment system, and directly uses the system for payment online.RATIONALE OF IMPLEMATION OF THE ELECTRONIC PLATFORM IN FILING RETURNSThe BIR aims to provide taxpayers ease and convenience in the preparation, filing and payment of tax returns through the development of e-services such as the Electronic Filing and Payment System (eFPS) and the Electronic Bureau of lnternal Revenue Forms (eBlRForrns). It assures accuracy and completeness of information provided therein which can be used as a reliable reference for statistics, analysis and studies not only by the Bureau, but also by other agencies.BIR FORMS AND DEADLINESBIR FORMSDEADLINEPARTICULARSBIR FORMMONTHDATEJANUARY15FILING OF LOOSELEAF BOOKS OF ACCOUNTS AND DUPLICATE COPY OTHER LOOSELEAF FORMSN/A15EWT REMITTANCE FOR DECEMBER OF PREVIOUS YEAR1601E30PAYMENT FOR RENEWAL OF REGISTRATION0605MARCH1ANNUAL ALPHALIST OF PAYEES FOR WITHHOLDING TAX EXPANDED1604-EAPRIL15AUDITED FS AND INCOME TAX RETURN AND PAYMENT FOR 20141702MAY29FILING AND PAYMENT OF 1ST QUARTER INCOME TAX FOR 20151702-QAUGUST29FILING AND PAYMENT OF 2ND QUARTER INCOME TAX FOR 20151702-QNOVEMBER28FILING AND PAYMENT OF 3RD QUARTER INCOME TAX FOR 20151702-QDECEMBER29FILING OF MANUAL BOOKS OF ACCOUNT AND ACCOUNTING RECORDS (for those who don't have approval to use loose-leaf books of accounts)N/A8BIR FORMSDEADLINEPARTICULARSBIRFORMEFPS FILERS (GROUP E)NON-EFPS FILERS(EBIRFORM USER)11TH DAY OF THE MONTH*10TH DAY OF THE MONTH

MONTHLY REMITTANCE OF EXPANDED TAX WITHHELD FROM PREVIOUS MONTH1601-E

MONTHLY REMITTANCE OF COMPENSATION TAX WITHHELD FROM PREVIOUS MONTH1601-C21ST DAY OF THE MONTH*20TH DAY OF THE MONTHMONTHLY FILING AND/OR REMITTANCE OF VAT FROM PREVIOUS MONTH EXCEPT FOR THE LAST MONTH OF EACH QUARTER2550-M21ST DAY OF THE MONTH*20TH DAY OF THE MONTHMONTHLY FILING AND/OR REMITTANCE OF PERCENTAGE TAX FROM PREVIOUS MONTH2551-M2OTH DAY AFTER THE CLOSE OF TAXABLE QUARTERSUMMARY AND REMITTANCE OF PERCENTAGE TAX FOR THE QUARTER ENDED2551-Q2550-Q

SUMMARY AND REMITTANCE OF VAT FOR THE QUARTER ENDED25TH DAY AFTER THE CLOSE OF TAXABLE QUARTER9EFPSEFPS Definition (RR 9-2001, Aug 3, 2001)EFPS stands for Electronic Filing and Payment SystemThe system developed and maintained by the BIR forelectronically filing tax returns, including attachments, if any,and paying taxes due thereon, specifically through the internetRR 9-2001 was promulgated to regulate the electronic filing oftax returns and payment of taxesEFPS Coverage (RR 1-2013, Jan 23, 2013and RR 10-2014, Dec 10, 2014)The following taxpayers are mandated to make use of the EFPS: Large taxpayers (RR 1-1998, Apr. 8, 1998) duly notified by the BIR Top 20,000 private corporations (RR 14-2008, Nov. 26, 2008)duly notified by the BIR Top 5,000 individual taxpayers (RR 6-2009, Jul. 9, 2009) duly notified by the BIR Taxpayers joining public bidding pursuant to EO No. 398 (RR 3-2005,Feb. 16, 2005)EFPS Coverage (RR 1-2013, Jan 23, 2013and RR 10-2014, Dec 10, 2014) ContinuationCorporations with paid-up capital stock of P10M and above Enterprises enjoying fiscal incentives granted by other governmentagencies (RR 1-2010), such as, PEZA-registered entities and those located within Special Economic ZonesNational Government Agencies (government offices), in so far as remittanceof withheld VAT and business tax is concerned (RR 1-2013, Jan. 23, 2013).EFPS Coverage (RR 1-2013, Jan 23, 2013and RR 10-2014, Dec 10, 2014) ContinuationCorporations with complete computerized accounting system (RR 16-2006, Apr. 15, 2006)Taxpayer Account Management Program (TAMP) taxpayers, whether individual or juridical entities that have been identified by RDO based on selection criteria pursuant to existing revenue issuances (RR 10-2014, Dec.10, 2014). Accredited importers with BIR-ICCs and BIR-BCCs (RR 10-2014, Dec.10, 2014)Licensed contractors general contractors licensed by PhilippineContractors Accreditation Board and DTI (RR 10-2012, Jun. 1, 2012)Insurance companies and stock brokers (RMC 71-2004, Oct. 15, 2004)Notice for Mandatory Use of EFPS Facility

EFPS REQUIREMENTS FOR AVAILING SYSTEMFirst, you should be registered with BIR-Integrated Tax System;Next you should submit a Certification from the President of the corporation authorizing two (2) officers to file return and to enroll for availment of the eFPS, as well as a Letter of Intent to avail of eFPS;Enrollment in eFPS; andEnrollment with any eFPS-Authorized Agent Bank (eFPS-AAB) for use of their e-payment system.SAMPLE LETTER OF INTENT

EFPS Guidelines and Procedures inEnrollment RMO 5-2002 (Apr. 1, 2002) RMO 19-2002 (July 9, 2002) RMO 10-2006 (December 12, 2005) RMC 55-2006 (July 20, 2006) RMC 15-2012 (April 3, 2012) RMC 43-2012 (August 10, 2012) RMC 71-2004 insurance companies and stock brokers (Oct. 15, 2004)EFPS Guidelines and Procedures inEnrollmentTo learn more about EFPS enrollment procedure, you may visit the link EFPS FAQS.htmlEFPS FILING PROCEDUREEFPS FILING PROCEDURE

EFPS FILING PROCEDURE






EFPS Guidelines and Procedures inEnrollment














EFPS PAYMENT PROCEDUREEFPS PAYMENT PROCEDURE

EFPS PAYMENT PROCEDURE






EFPS Time of FilingEFPS Time of Filing (RR 26-2002, Dec. 5,2002)IndustriesMonthly Withholding TaxReturns (except withholdingof VAT )Monthly VAT Declarationsand % Tax ReturnsGroup ABanking InstitutionsInsurance and Pension FundingNon-bank financial intermediationActivities auxiliary to financialintermediationConstructionWater transportHotels and restaurantsLand Transport

15 days following end of themonth25 days following end of themonthEFPS Time of Filing (RR 26-2002, Dec. 5,2002)IndustriesMonthly Withholding TaxReturns (except withholdingof VAT )Monthly VAT Declarationsand % Tax ReturnsGroup BManufacture of - and Repair of furniture- Basic metals- Chemicals and chemical products- Coke, refined petroleum & fuel products- Electrical machinery & apparatus NEC- Fabricated metal products- Food, products and beverages- Machinery, precision, optical instruments14 days following end of themonth24 days following end of themonthEFPS Time of Filing (RR 26-2002, Dec. 5,2002)IndustriesMonthly Withholding TaxReturns (except withholdingof VAT )Monthly VAT Declarationsand % Tax ReturnsGroup BManufacture of - Textiles- Tobacco products- Wood and wood products- NECMetallic Ore MiningNon-metallic mining and quarrying14 days following end of themonth24 days following end of themonthEFPS Time of Filing (RR 26-2002, Dec. 5,2002)IndustriesMonthly Withholding TaxReturns (except withholdingof VAT )Monthly VAT Declarationsand % Tax ReturnsGroup CRetail saleWholesale trade and commission tradeSale, maintenance, repair of motor vehicle,sale of automotive fuelCollection, purification and distribution ofwaterComputer related activitiesReal estate activities13 days following end of themonth23 days following end of themonthEFPS Time of Filing (RR 26-2002, Dec. 5,2002)IndustriesMonthly Withholding TaxReturns (except withholdingof VAT )Monthly VAT Declarationsand % Tax ReturnsGroup DAir transportElectricity, gas, steam, & hot water supplyPostal and telecommunicationsPublishing, printing and reproduction ofrecorded mediaRecreational, cultural and sporting activitiesRecyclingRenting of goods and equipmentSupporting and aux transport activities12 days following end of themonth22 days following end of themonth55EFPS Time of Filing (RR 26-2002, Dec. 5,2002)IndustriesMonthly Withholding TaxReturns (except withholdingof VAT )Monthly VAT Declarationsand % Tax ReturnsGroup EActivities of membership organizationsHealth and social workPrivate educational servicesPublic admin and defense compulsorysocial securityPublic educational servicesResearch and developmentAgricultural, hunting and forestryFarming of animalsFishingOther service activitiesMiscellaneous business activitiesunclassified11 days following end of themonth21 days following end of themonth56EFPS Time and Filing of Returns (Amendedby RR 26-2002, December 5, 2002 and furtheramended by RR 05-2004, April 26, 2004)For all the other additional returns/forms included in the EFPS, thefiling of the returns/forms shall be on or before the due datesprovided for by applicable laws and regulations for the filing of areturn/form and payment of the corresponding tax.To erase any doubt and to ensure receipt by the BIR before midnightof the due dates prescribed above for the filing of a return, theelectronic return shall be filed on or before 10:00 p.m. of the aboveprescribed due dates.For purposes of these regulations, the industry of the taxpayer is itsprimary line of business or the primary purpose of its existence asstated in the Articles of Incorporation, for corporate taxpayers.57EFPS Time and Filing of Returns (Amendedby RR 26-2002, December 5, 2002 and furtheramended by RR 05-2004, April 26, 2004)The paper copy of the audited financial statements shall be filedwithin fifteen (15) days from the date of filing of BIR Form No. 1702.The taxpayer is required to file four (4) copies of the audited financialstatements (FS). RR 9-2001, Aug. 3, 200158When the return is deemed filed and paid? The return is deemed filed, on the date appearingin, and after a Filing Reference Number is generated and issued to thetaxpayer via the EFPS. The tax due thereon is deemed paid after aConfirmation Number is issued to the taxpayer and to the BIR by the AAB. In addition, an Acknowledgement Number shall be issued by the BIR to the taxpayer to confirm that the tax payment has been credited to the account of the government. Will there be incentives if I avail of eFPS?Your payment will not be subjected to penalties if you e-file earlier and pay at a later date as long as it is done within the due date. EFPS FAQSEFPS FAQS61EBIRFORMEBIR FORM DEFINITION OF TERMSEBIRForms Refers to two types of electronic services provided by BIR relative to the preparation, generation, and submission of tax returns, which arethe following:Offline eBIRForms PackageOnline eBIRForms SystemEBIR FORM DEFINITION OF TERMSeBIRForms Software Package / Offline eBIRForms Package- is a tax preparation software that allows the taxpayer and ATA to accomplish or fill up tax forms offline. An alternative mode of preparing returns which deviates from conventional manual process of filling up tax returnsEBIR FORM DEFINITION OF TERMSOnline eBIRForms System- Is a filing infrastructure that accepts tax returns submitted online andautomatically computes penalties for tax returns submitted beyonddue date.- The system creates secured user accounts thru enrollment for use ofthe online System, and allows ATA to file on behalf of their clientse-BIR Forms RMC 61-2012, Oct. 12, 2012Authorizing the use of Electronic Bureau of Internal Revenue FormsPackage in the preparation and filing of tax returns- Pilot basis- Available to all non-EFPS filers with or without internet access- eBIR Forms package can be downloaded at BIR website at that timee-BIR Forms RMO 24-2013, Sept. 11, 2013Prescribing the guidelines, policies, and procedures on the use ofelectronic Bureau of Internal Revenue Forms (eBIR Forms) in relation toRMC 61-2012e-BIRForms RR 6-2014, Sept. 5, 2014Mandatory use of eBIRForms in filing of all tax returns by non-EFPSFilers

Coverage:- Accredited tax agents/practitioners and all its client-taxpayers(clarification on RMC 11-2015)- Accredited printers of principal and supplementary receipts/invoices- One-time transaction taxpayers- Those who shall file a no payment return- GOCCs- LGUs, except barangays- Cooperatives registered with National Electrification Administration and Local WaterUtilities Administratione-BIRForms RR 6-2014, Sept. 5, 2014RMC 11-2015, MARCH 27,2015Clarifies the meaning of Client-TaxpayersThe term Client-Taxpayers mean those taxpayers who are otherwise authorizing their tax agents/practitioners to file on their behalf.Thus client-taxpayers whose agents/practitioners only sign the audit certificate but have no authority to file return in their behalf are not covered by the said circular.e-BIRForms RR 5-2015, Mar. 17, 2015Amendment to RR 6-2014Non-EFPS filers, covered by Section 4 of RR 6-2014, shall mandatorilyuse the eBIRForm facility in electronically submitting and filing alltheir tax returns.e-BIRForms RR 5-2015, Mar. 17, 2015Amendment to RR 6-2014Non-EFPS filers, covered by Section 4 of RR 6-2014, shall mandatorilyuse the eBIRForm facility in electronically submitting and filing alltheir tax returns.Availability of eBIRForms Package Version 5.0(RMC 31-2015, June 5,2015)

RMC 31-2015, June 5,2015Availability of eBIRForms Package Version 5.0

Downloadable from the following sites1.1. www.knowyourtaxes.ph;1.2. www.dof.gov.ph;1.3. Dropbox using this link: http://goo.gl/UCr8XS1.4. www.bir.gov.ph

RMC 31-2015, June 5,2015All the thirty-six (36) tax returns available in the package can be filed by clicking the SUBMIT or FINAL COPY button and the taxpayer will receive the corresponding confirmation thru email notification. Taxpayers using this new version shall follow these simple and convenient steps: Step 1. DOWNLOAD, INSTALL and RUN eBIRForms Package version 5.0;Step 2. FILL-UP directly by encoding data in the tax return;Step 3. Click VALIDATE after accomplishing the tax return. If there are changes to make, click EDIT button. Make sure to validate after every changes made.Go to http://www.bir.gov.ph/ home page then download the Offline BIR forms package.

Extract the zip file and click the eBIRForms Package 5.0

Choose eBIRForms which will appear initially then install.

Then this message box will appear upon installation

Click the eBIRForms Icon that will appear upon completion of its installation

Start-up menuDesktop ShortcutEBIR FORM FILING PROCEDUREUpon entering the eBIRForms, fill-out the required fields as means of registration.

After filling out the fields click the fill-up key

This message box will appear after as a means of confirmation. Fill-out the same and click submit.

Upon submission this message box will appear confirming your registration.

From the dropped down list of BIR forms choose the form you are going to fill up on out example it is 2550Q

Fill out the fieldsSubmmisionAs stated on RMC no.31-2015 Step 4 SUBMIT

Click Validate for checking if all your inputs are correct

After validation and there is no error found, Click the SUBMIT button that will lead you to BIRs site

Input the Username and Password given by the BIR upon registration

NOTE: we dont know what it looks like beyond this point

Step 4.2 If unsuccessful, click FINAL COPY button to use an alternative mode of electronic submission and you will receive an email confirmation of tax return receipt from BIR.

You will be reentering the Username and password given by the BIR and Confirmation Message box will pop-up. Shortly you will receive an email confirming your submission.

RMC 31-2015, June 5,2015Step 4. Click SUBMIT:4.1 If successful, taxpayer will be redirected to eBIRForms home page and follow further instructions.4.2 If unsuccessful, click FINAL COPY button to use an alternative mode of electronic submission and an email confirmation will be received by the taxpayer. For those who are not yet enrolled to the eBIRForms System, it is required to fully and unconditionally agree to the Terms of Service Agreement (TOSA).RMC 31-2015, June 5,2015eFPS filers can use the package to fill-up the tax returns offline and submit to eFPS without the need to click on FINAL COPY (Currently applicable for BIR Form Nos. 1700, 1701, 1702-RT, 1702-EX, 1702-MX, 2200A and 2200T).Tax payments can be made through Authorized Agent Banks (AABs), Collection Officers, Online Payment through selected AABs (Online Retail Banking) or GCash (up to P10,000.00) per RMO 20-2005.RMC 31-2015, June 5,2015Tax payments can be made through Authorized Agent Banks (AABs), Collection Officers, Online Payment through selected AABs (Online Retail Banking) or GCash (up to P10,000.00) per RMO 20-2005.It is further reiterated that taxpayers mandated to efile but have ALREADY FILED MANUALLY their Income Tax Returns for 2014, are required to ELECTRONICALLY FILE on or before June 15, 2015(RMC 18-2015). IMPOSITION OF PENALTIES (RR 5-2015,MARCH 17,2015)IMPOSITION OF PENALTIES (RR 5-2015,MARCH 17,2015)SEC 3. IMPOSITION OF PENALTIES All taxpayers, under existing issuances, who are mandatorily covered to file returns using EFPS and EBIRFORMS, who fail to do so, shall be imposed a penalty of P1,000.00 per return, pursuant to sec. 250 of the NIRC of 1997, as amended.

In addition, the taxpayer, shall also be imposed civil penalties equivalent to 25% of the tax due to be paid, for filing a return in a manner not in compliance with existing regulations, thus tantamount to wrong venue filing pursuant to Sec 248 (A)(2) of the NIRC of 1997, as amended.FILING OF ATTACHMENTS FOR EFPS AND EBIRFORM

FILING OF ATTACHMENTS FOR EFPS AND EBIRFORM(RMC 19-2015,no. 13)Do you still need to submit the printed form after eFiling to the RDO or AAB? How about attachment? If you electronically file and electronically pay using eBIRForms or eFPS without any attachments required, you dont need to submit anything to the RDO/LTDO/LT Office. However, if there are required attachments in your income tax returns, you shall submit to the RDO/LTDO/LT Office within fifteen (15) days from the date of eFiling.

For eFPS:a. Printed copy of Tax Returns with Filing Reference Number (FRN) Page; andb. Required attachments.For eBIRForms eFile and ePay (upon availability) / eFile and manually pay:a. Printed copy of the return with the eMail Notification Page received:b. Required attachments

FILING OF ATTACHMENTS FOR EFPS AND EBIRFORMFORMSAttachmentIssuancesOutput FormatMode of Filing1701Q, 1702Q,2550M, 2550Q,2551MEFPSSummary Alpha List of WithholdingTaxes (SAWT)RMC 3-2006,RR 1-2014, further amended by RR 2-2015DAT FILE(1) As attachment in eFPS;(2) Through eSubmission using the BIRs website address at [email protected](1) As attachment in the Electronic Filing and Payment System (eFPS);(2) Through Electronic Submission using the BIRs website address at [email protected]; and(3) Through Electronic Mail (email) at dedicated BIR addresses using theprescribed CSV data file format, the details of which shall be issued ina separate revenue issuanceEBIRFORMFILING OF ATTACHMENTS FOR EFPS AND EBIRFORMFORMSAttachmentIssuancesOutput FormatMode of Filing1601EEFPSMonthly Alpha List of Payees(MAP)RMC 3-2006Amended by RR 1-2014DAT FILESame as above(2) Attach directly in EFPS platformEBIRFORMSame as above2550QEFPSRelief) Summary List of Sales Summary List of PurchasesRMC 24-2002RMO 04-2003RR 16-2005Further amended by RR 1-2012RMC 19-2015(13)(1)Submission using the BIRs website address at [email protected];(2)Attach directly in EFPS platform

(1)Magnetic form 3.5-inch floppy diskettes(2) Through Electronic Submission using the BIRs website address at [email protected];

EBIRFORM

Fopm Aa Training Tax Module

Documents

Transcript of Fopm Aa Training Tax Module