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

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Available On-Site Seminar Schedules

02 December 2023 | Saturday | 8:30am-12:00pm (STATUS: Postponed to 20 January 2024)

20 January 2024 | Saturday | 1:00pm - 4:30pm (STATUS: CANCELLED)

Venue: Century Park Hotel - Manila

 

 

 

Another taxable year ended and it is time to close the company's books of accounts for 2023 in preparation for the next tax-filing season 2024. End of the year also sparks the preparation of our year-end withholding tax obligations like the annualization of compensation of employees and other compliance requirements such as registration of books of accounts and renewal of BIR and LGU registration. Hence, a good knowledge of important rules and procedures in avoiding mistakes and saving your company from the costly process of dealing with tax assessment is a vital concern.

I. NEW GUIDELINES IN SECURING AUTHORITY TO PRINT (ATP) Official Receipts, Sales Invoices and other Commercial Invoices using the ON-LINE ATP

   SYSTEM

 

II. CLOSING AND OPENING OF BOOKS OF ACCOUNTS

• Payment of Annual Registration Fee

• Submission of Annual Alphalists of Payees   

• Submission of Annual Alphalists of Employees

• Submission of Inventory Lists

• Basic Reminders for DTI, SEC, SSS, PhilHealth

 

III. REGISTRATION, UPDATES AND CANCELLATION PROCEDURES

       
A. PRIMARY REGISTRATION

• Policies on the application and issuance of TIN

• Persons who are required to or may secure TIN

• Registration of Business Taxpayer

• Submission of a Mayor's Permit prior to registration is mandatory

• Application of Authority to Print (ATP) Receipts/Invoices

• Accreditation Procedures of Printers

• Receipts/Invoice should have security/special markings/features

• Registration of Manual Books of Accounts; or

• Application for Permit to use Computerization Accounting System (CAS) or components

• Application for Permit to use Loose Leaf Accounting Records, if applicable;

• Application for Permit to use CRM/POS Machines, and the like, if applicable;

• Permit to Operate for taxpayers engaged in excise taxes

• Annual Registration Fees

• Who are exempt from paying annual registration fees

• Secure Certificate of Registration

• Proceed to Secondary Registration

• Get "Ask for Receipt" notice

• Attend the taxpayer's initial briefing

B. SECONDARY REGISTRATION

• Printing and issuance of official receipts/sales invoices;

• Keeping/Registering of books of accounts and other accounting records;

• Apply for certain accreditation requirements;

• Securing other applicable registration-related permits

 

IV. BASIC COMPLIANCE REQUIREMENTS FOR EACH TYPE OF INTERNAL REVENUE TAX

• Income Tax, VAT, Percentage Tax, Withholding Tax

 

V. TRANSFER OF REGISTRATION

• Individuals Earning Purely Compensation Income

• Transfer of Employees of Transferring Employers

 

VI. OTHER REGISTRATION UPDATES

• Change in the nature of the business

• Persons whose transactions are exempt from VAT

 

VII. PENALTIES

• Failure to register, Late Registration; Late payment of ARF; Failure to register a branch or facility; Acquisition of Multiple TINS; Failure to and/or erroneous supply of information

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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)

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