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Latest Update on BIR Compliance and Registration
(BIR TAX COMPLIANCE REQUIREMENTS FOR 2024)

ATTENTION: Chief Accountants, Treasurers, Administrative Officers, HRD, Business Owners/Employers

Available On-Site Seminar Schedules

29 June 2024 | Saturday | 1:00pm-4:30pm [STATUS: CANCELLED]

Venue: Century Park Hotel - Manila

 

 

 

 

FEATURING:

Relevant Changes on BIR Compliance and Registration

Filing and Pay Anywhere (Regardless of Venue) Under Ease Of Paying Taxes Act (EOPT)


I. COVERAGE AND CLASSIFICATION OF TAXPAYERS

  • MICRO SMALL TAXPAYER, SMALL TAXPAYER, MEDIUM TAXPAYER, LARGE TAXPAYER

    • PURPOSE of classifying taxpayers​

    • NOTIFICATION on the classification/re-classification of taxpayers

    • TRANSITORY PROVISIONS on the classification of taxpayers

II. VAT INVOICE AS PRINCIPAL INVOICE ON SALE OF GOODS AND SERVICES/LEASING FOR CASH AND CREDIT SALES; NON-VAT INVOICE BASIS OF PERCENTAGE TAX LIABILITY OF SELLER

  • SUPPLEMENTARY DOCUMENTS

    • Official Receipt​

    • Delivery Receipt

    • Purchase Order

    • Collection Receipt

    • Non-Valid Proof to Support the Claim for Input Taxes

  • INVOICING REQUIREMENTS FOR VAT-REGISTERED

    • Information contained in VAT Invoices​

    • Information contained at the bottom portion of manual invoices

    • Information contained at the top or bottom portion of Cash Register Machine (CRM) / Point of Sales Machine (POS) / Other Similar Machines or Software

    • Information contained in Computerized Accounting System; Computerized Books of Accounts (CBA) with accounting records and/or components and other similar systems

    • Accounting Requirements: Books of Accounts - subsidiary sales journal; subsidiary purchase journal in additional to regular books

    • TICKETS and other similar forms as invoices

      • Transportation tickets​

      • Event stickers

      • Amusement tickets

      • Movie tickets

      • Parking tickets

      • Electronic tickets

      • Gambling tickets

  • PRINTING OF INVOICES

  • CONSEQUENCES OF ISSUING ERRONEOUS VAT INVOICE

  • PRESERVATION of Books of Accounts and other Accounting Records under Section 235

  • Examination and Inspection of Books of Accounts and other supporting papers and documents

 

III. REGISTRATION REQUIREMENTS

  • Manner and Time of Registration

  • Place of Registration

    • Individual​

    • Non-Individual

    • Non-Resident

    • OFW

    • Hired Employees

    • E.O. 98

    • ONETT

    • Branch / Facility

  • Registration of Business Taxpayers

    • Certificate of Registration (COR) for Head Office/Branch/Facility​

    • Invoicing Requirements

    • Bookkeeping Requirements

    • Notice to Issue Invoices

    • Initial Briefing to Taxpayers

    • Online Seller/Merchants Registration

  • Registration of Business Name (DTI/SEC)

  • Posting of COR/Posting of Registration on Online Websites, e-Commerce/e-Marketplace/Merchant's Page and other Platforms

  • Registration of Tax Types

  • Cancellation of Registration

  • Transfer of Registration (Business and Non-Business)

  • Unlawful Pursuit of Business

  • Transitory Provisions

    • Certificate of Registration​

    • Unused Official Receipts

    • Convert and Use of Remaining OR

    • Reportorial Requirements

      • CRM​

      • POS

      • eReceipt

      • eInvoice

IV. FILING AND PAYMENT TO BE MADE ELECTRONICALLY OR MANUALLY REGARDLESS OF VENUE

  • MODES OF FILING electronically or manually regardless of RDO

  • Removal of Civil Penalties in case of filing of return at the wrong venue

  • Non-Filing of ITR by OCW/OFW

  • Individuals not required to file ITR

  • Removal of additional requirement for deductibility of certain payments

 

V. OPEN FORUM

ON-SITE SEMINAR FEE: Php. 4,000.00 (Early-Bird Rate) | Php. 4,500.00 (On-Site Rate)

(Payment made through bank deposit atleast 1 day [cut-off time: 4:00pm] before the seminar)

(Credit/Debit Card payments are accepted via PayPal)

*Please make all check payments payable to "IPG Training Institute for Professional Advancement"

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