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

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F E A T U R I N G

NEW ENHANCED FORMS 1601EQ, 1601FQ, 0619E, 0619F, 1604C, 1604F & OTHERS

PREPARATION OF QUARTERLY ALPHALIST OF PAYEES (QAP)

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Available On-Site Seminar Schedules

15 June 2024 | Saturday | 8:30am-12:00pm

13 July 2024 | Saturday | 1:00pm-4:30pm

Venue: Century Park Hotel - Manila

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I. ACTUAL BASIS OF ACCOUNTING FOR WITHHOLDING TAX AS BASIS UNDER EOPT (NO MORE CASH BASIS)

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II. INVOICE FOR ALL TRANSACTIONS ON GOODS/SERVICES/LEASES (OR JUST SUPPLEMENTARY DOCUMENTS NOW)

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III. FILE ANYWHERE ON PAYING ALL WITHHOLDING TAX FORMS

 

IV. WITHHOLDING TAX ON COMPENSATION

• The use of NEW WITHHOLDING TAX TABLE effective January 1, 2023

• Increased amount allowed on de minimis benefits

• New Form - Monthly Remittance Form replacing Form 1601-E to BIR Form 0619-E

• All eFPS filing deadline due date is 15th of the following month

• New details of BIR Form 2307 & BIR Form 2306 for final withholding tax shall be used, showing the monthly income payments made, the quarterly total, and the amount of taxes withheld

• All additional compensation of Minimum Wage Income Earners (MWE) such as commissions, honoraria, shall be subject to withholding tax using the withholding tax table

• Other taxable income of MWEs shall be taxable only on such additional compensation received

• Income not subject to withholding tax does not necessarily mean that it is not subject to income tax

• Automatic disallowance of expense, if any reduction or diminution of wages for purposes of exemptions from income tax shall constitute misrepresentation

• Detailed computation and sample cases for NEW HIRES, transferees and multiple employers

• New way to compute annualized computation with alphalists submitted electronically (Cumulative Average Method)

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V. FRINGE BENEFIT TAX (FBT) INCREASED RATES

• Final Withholding Tax on Fringe Benefits paid to employees other than Rank and Failed

• Grossed-up monetary value of Fringe Benefits

• Detailed computation and sample cases

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VI. COMPUTATION OF WITHHOLDING TAX ON EMPLOYEES OF RHQ, ROHQs, OBUs, AND PETROLEUM SERVICE CONTRACTORS AND SUB-CONTRACTORS

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VII. FPROCEDURES FOR THE FILING OF THE APPLICATION FOR REGISTRATION (BIR FORM 1902) AND/OR APPLICATION FOR REGISTRATION INFORMATION UPDATE (BIR FORM 1905)

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VIII. MANDATORY USE OF eREGISTRATION FOR ALL EMPLOYERS TO SECURE THE TIN OF NEW EMPLOYEES

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IX.​ SUBSTITUTED FILING OF INCOME TAX RETURNS BY EMPLOYEES RECEIVING PURELY COMPENSATION INCOME

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X. EXPANDED WITHHOLDING TAX

• NEW RATES for professional fees with gross income now exceeding P3M changing 8% to 5%; and more than P3M

• New BIR Form 1601EQ/0619E for creditable withholding tax

• HOSPITALS & CLINICS submission of medical practitioners

• TOP TAXPAYERS to include TAMP and are required now to withholding on purchase of goods/services

• Income payments made to suppliers of agricultural products

• Lone Payor amounting to P250,000 below by individual payee may not be subjected to EWT under certain condition

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XI. INCOME PAYMENTS SUBJECT TO FINAL WITHHOLDING TAX

• NEW rates for other income payments subject to final tax​

• Detailed computation and sample cases

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XII. INCOME PAYMENT TO A DOMESTIC CORPORATION SUBJECT TO FINAL TAX

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XIII. OPEN FORUM

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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"