BIR Compliance Requirements

(BIR TAX COMPLIANCE REQUIREMENTS FOR 2020)

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

 

Available Webinar Schedules

Batch 4: 11 August 2020 | Tuesday | 5:00pm-7:00pm

Batch 5: 31 August 2020 | Monday | 5:00pm-7:00pm

(via Zoom)

 

 

 

 

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.​ Likewise, NEW PROCEDURES in the Printing of Official Receipts (OR) / Sales Invoice (SI) or Cash Invoices are only to ACCREDITED PRINTERS of the BIR. Receipts should have security/special markings/features. Only BIR accredited printers have the exclusive authority to print principal and supplemental receipts/invoices.


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

COVID-19 PROMO: Php. 1,000.00 (Inclusive of eCertificate)

ORIGINAL WEBINAR FEE: Php. 2,000.00

Avail of this Webinar for only Php. 1,000.00 compared to the on-site seminar of Php. 3,500.00

(Payment made through bank deposit atleast 1 day [cut-off time: 3:00pm] before the seminar)

(Credit Card payments are accepted via PayPal)

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

© 2012-2020 by IPG Training Institute For Professional Advancement. All rights reserved.

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