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2012 JULY BIR TAX CALENDAR Part 3



Disclaimer 
 
This is just a guide of the tax calendar of a general nature
 and cannot substitute for the advice of a Tax consultant
and a Certified Public Accountant (CPA).
  Ask your CPA or your Revenue District Office of any
updates and changes in  the 2012 BIR Tax Calendar

July DEADLINES:
25 Wednesday - LAST DAY OF
e-FILING/FILING & e-PAYMENT/PAYMENT
• 2550Q-VAT forTQ ended June 2012
e-PAYMENT
• 2550M and2551M - VAT and PT for
June 2012 (all eFPS groups)
e-FILING
• 2550M and2551M - VAT and PT for
June 2012 (Group A)
SUBMISSION
• Sworn statement of manufacturers or
importers on the volume of sales per
brand of alcohol and tobacco products
for April to June 2012
• Summary lists of sales/purchases by
VAT-registered taxpayers (non-eFPS
taxpayers) forTQ ended June 2012
REMITTANCE
• SSS - R-5 contributions for June 2012
of employers with SSS identification
numbers ending in 7 or 8

30 Monday-LAST DAY OF
e-FILING/FILING & e-PAYMENT/PAYMENT
• 1702Q - Quarterly ITR for TQ ended
May 2012
FILING
• SEC-AFSforFY ended March 2012 by
corporations whose securities are not
registered under RSA or SRC
e-SUBMISSION
• Summary lists of sales/purchases by
VAT-registered taxpayers (all eFPS
groups) for TQ ended June 2012
REGISTRATION
• Computerized books of accounts and
other accounting records in CD-R,
DVD-R or other optical media, and
affidavit on the post-reporting
requirements for CAS for FY ended
June 2012

31 Tuesday - LAST DAY OF
SUBMISSION
• BOI - Transcript sheets of ORB by
qualified jewelry enterprises for FY
ended June 2012
• PEZA - ITR filed with the BIR on
July 15, 2012 by PEZA-registered
enterprises for FY ended March 2012
• Sworn statement by every lessee,
concessionaire, owner or operator of
mines and quarries, processor of
minerals, producer or manufacturer of
mineral products for the first semester of
2012
• Inventory list for FY ended June 2012
• List of regular suppliers of goods and
services of the top 20,000 private
corporations for second semester of
2011
• Contract of lease and information on
lessee of owners or sub-lessors of
commercial establishments/buildings/
spaces for tenants as of June 30, 2012
REMITTANCE
• HDMF - Ml-1 contributions by
employers whose names start with
letters R to Z for June 2012
• SSS - R-5 contributions for June 2012
of employers with SSS identification
numbers ending in 9 or 0
REGISTRATION
• Manual books of accounts and other
accounting records if using new books
for FY beginning August 1, 2012
2012 JULY BIR TAX CALENDAR Part 3

2012 JULY BIR TAX CALENDAR Part 2







Disclaimer 
 
This is just a guide of the tax calendar of a general nature
 and cannot substitute for the advice of a Tax consultant
and a Certified Public Accountant (CPA).
  
Ask your CPA or your Revenue District Office of any
 updates and changes in  the 2012 BIR Tax Calendar

July DEADLINES:
13 Friday-LAST DAY OF
e-FILING
• 1601C, 1601E, 1601F and 1602-
Withholding return on compensation, EWT and FWT for June 2012 (Group C)
16 Monday - LAST DAY OF
e-FILING/FILING & e-PAYMENT/PAYMENT
• 2200M - Excise tax for mineral products for CQ ended June 2012
• 1702 and 1702-AIF-Annual ITR and AIF by corporations and partnerships for FY ended March 2012
• 1704-lAETforFY ended June2011
e-FILING & e-PAYMENT/REMITTANCE
• 1603-FBTforCQ ended June 2012
(all eFPS groups)
e-FILING
• 1601C, 1601E, 1601F and 1602-
Withholding return on compensation,
EWT and FWT for June 2012 (Groups
A and B)
FILING
• SEC-AFSforFY ended March 2012
by corporations whose securities are
registered under RSA or SRC
e-PAYMENT
• 1601C, 1601E, 1601F and 1602-
Withholding return on compensation,
EWT and FWT for June 2012 (all eFPS
e-SUBMISSION
• Summary list of machines (CRM-POS)
sold by machine distributors/dealers/ vendors/suppliers for TQ ended
June 2012
SUBMISSION
• List of medical practitioners of hospitals
and clinics for CQ June 2012
• PEZA-AFS filed with the BIR on
June 15, 2012 by PEZA-registered
enterprises for FY ended February 2012
• PhilHealth - RF-1 remittance report for
June 2012 REGISTRATION
• Bound computer-generated/loose-leaf
books of accounts and other accounting
records for FY ended June 2012
REMITTANCE
• HDMF - Ml-1 contributions by
employers whose names start with
letters A to D for June 2012
• SSS - R-5 contributions for June 2012
of employers with SSS identification
numbers ending in 3 or 4


19 Thursday - LAST DAY OF
REMITTANCE
• HDMF - Ml-1 contributions by
employers whose names start with
letters E to Lfor June 2012
20 Friday - LAST DAY OF
e-FILING/FILING & e-PAYMENT/PAYMENT
• 2551Q-PT forTQ ended June 2012
FILING & PAYMENT
• 2550M and2551M - VAT and PT for
June 2012 (non-eFPS taxpayers)
PAYMENT
• LGU - LBT third installment for
CY 2012
DISTRIBUTION
• 2307 - Certificate of EWT for TQ ended
June 2012
REMITTANCE
• SSS - R-5 contributions for June 2012
of employers with SSS identification
numbers ending in 5 or 6


23 Monday - LAST DAY OF
e-FILING
• 2550M and2551M - VAT and PT for
June 2012 (Groups C, D and E)
24 Tuesday - LAST DAY OF
e-FILING
• 2550M and2551M - VAT and PT for
June 2012 (Group B)
REMITTANCE
• HDMF - Ml-1 contributions by
employers whose names start with
letters M to Q for June 2012
2012 JULY BIR TAX CALENDAR Part 2

2012 JULY BIR TAX CALENDAR Part 1





Disclaimer 
 
This is just a guide of the tax calendar of a general nature
 and cannot substitute for the advice of a Tax consultant
and a Certified Public Accountant (CPA).
  
Ask your CPA or your Revenue District Office of any
 updates and changes in  the 2012 BIR Tax Calendar



July DEADLINES:
2 Monday - LAST DAY OF
e-SUBMISSION
• Summary lists of sales/purchases by
VAT-registered taxpayers (all eFPS
groups) forTQ ended May 2012
SUBMISSION
• Inventory list for FY ended May 2012
• Sworn declaration of gross income received for the current year by professionals as of June 30, 2012
• PEZA-ITR filed with the BIR on June 15, 2011 by PEZA-registered enterprises for FY ended February 2012
• Computerized books of accounts and other accounting records in CD-R, DVD-R or other optical media, and affidavit on the post-reporting requirements for CAS for FY ended May 2012
• Sworn statements of automobile manufacturers, assemblers or importers for second semester of CY 2011
PAYMENT
• LGU - Payment of real property tax
second installment for 2012

3 Tuesday - LAST DAY OF
FILING
• Engagement letters and renewals or
subsequent agreements for financial
audit by independent CPAs for FY
beginning September 1, 2012
5 Thursday - LAST DAY OF
e-FILING/FILING & e-PAYMENT/PAYMENT
• 2000 - DST for June 2012
SUBMISSION
• Summary report of certifications issued
by the President of NHMFC (RA 7279)
for June 2012

9 Monday - LAST DAY OF
e-SUBMISSION
• eSales report by large taxpayers (regular
and excise) using CRM/POS and other
sales machine with TIN ending in an
even number for June 2012
SUBMISSION
• Transcript sheets of ORB for distilled
spirits, wines, fermented liquor, tobacco
products, oil, automobiles, and cigarette
paper for June 2012
10 Tuesday-LAST DAY OF
e-FILING/FILING & e-PAYMENT/PAYMENT
• 1600 - Withholding VAT/PT for
June 2012
FILING & REMITTANCE
• 1601C, 1601E, 1601F and 1602-Withholding return on compensation, EWT and FWT for June 2012 (non-eFPS taxpayers)
• 1603-FBTforCQ ended June 2012 (non-eFPS taxpayers)
• 1606 - Withholding on transfer of real property other than capital assets for June 2012
e-SUBMISSION
• eSales report by large taxpayers (regular
and excise) using CRM/POS and other
sales machine with TIN ending in an
odd number for June 2012
SUBMISSION
• Transcript sheets of ORB for mineral products for June 2012
• A sugar cooperative's list of buyers of sugar for June 2012, together with a copy of certificate of advance payment of VAT made by each buyer appearing on the list
• Information return on releases of refined sugar by the proprietor or operator of a sugar refinery or mill for June 2012
DISTRIBUTION
• 2307 - Certificate of creditable PT
withheld for June 2012
REMITTANCE
• PhilHealth - ME-5 contributions for June 2012
• SSS - R-5 contributions for June 201 of employers with SSS identification number ending in 1 or 2
11 Wednesday - LAST DAY OF
e-FILING
• 1601C, 1601E, 1601F and 1602-
Withholding return on compensation,
EWT and FWT for June 2012

12 Thursday - LAST DAY OF
e-FILING
• 1601C, 1601E, 1601F and 1602-Withholding return on compensation EWT and FWT for June 2012
2012 JULY BIR TAX CALENDAR Part 1

2012 JUNE BIR TAX CALENDAR Part 2




Disclaimer 
 
This is just a guide of the tax calendar of a general nature
 and cannot substitute for the advice of a Tax consultant
and a Certified Public Accountant (CPA).
  
Ask your CPA or your Revenue District Office of any
 updates and changes in  the 2012 BIR Tax Calendar


June DEADLINES:
19 Tuesday-LAST DAY OF
REMITTANCE
■ HDMF - Ml-1 contributions of employers whose
names start with letters E to Lfor May 2012

20 Wednesday - LAST DAY OF
e-FILING/FILING & e-PAYMENT/PAYMENT
• 2551Q-PT for TQ ended May 2012
FILING & PAYMENT
• 2550M and 2551M - VAT and PT for May 2012
(non-eFPS taxpayers)
DISTRIBUTION
• 2307 - Certificate of EWT for TQ ended May 2012
REMITTANCE
• SSS - R-5 contributions for May 2012 of employers
with SSS identification numbers ending in 5 or 6

21 Thursday - LAST DAY OF
e-FILING
• 2550M and 2551M - VAT and PT for May 2012
22 Friday - LAST DAY OF e-FILING
• 2550M and 2551M - VAT and PT for May 2012
(Group D)
25 Monday - LAST DAY OF e-FILING
• 2550M and 2551M - VAT and PT for May 2012
(Groups A, B and C)
e-FILING/FILING f --■■■---■
• 2550Q - VAT for TQ ended May 2012
SUBMISSION
■ Summary lists of sales/purchases by VAT-registered taxpayers (non-eFPS taxpayers) for TQ ended May 2012
• Sworn statement of manufacturers or importers on th
products for March to May 2012
■ HDMF - Ml-1 contributions by employ^.., ,,,,^.
names start with letters M to Q for May 2012
• SSS - R-5 contributions for May 2012 of employers
with SSS identification numbers ending in 7 or 8

28 Thursday - LAST DAY OF
FILING
• SEC - AFS for FY ended February 2012 by
corporations whose securities are not registered under
RSA or SRC
29 Friday - LAST DAY OF
e-FILING/FILING & e-PAYMENT/PAYMENT
• 1702Q-Quarterly ITR for TQ ended April 2012
SUBMISSION
• BOI - Transcript sheets of ORB by qualified jewelry
enterprises for FY ended May 2012
REGISTRATION
• Manual books of accounts and other accounting
records if using new books for FY beginning
July 1, 2012
REMITTANCE
■ HDMF - Ml-1 contributions by employ
names start with letters R to Z for May 2012
• SSS - R-5 contributions for May 2012 of employers
with SSS identification numbers ending in 9 or 0

2012 JUNE BIR TAX CALENDAR Part 2

2012 JUNE BIR TAX CALENDAR Part 1




Disclaimer 
 
This is just a guide of the tax calendar of a general nature and cannot substitute for the advice of a 
Tax consultant and a Certified Public Accountant (CPA).
  
Ask your CPA or your Revenue District Office of any
 updates and changes in  the 2012 BIR Tax Calendar

June DEADLINES:

4 Monday - LAST DAY OF
FILING
• Engagement letters and renewals or subsequent
agreements for financial audit by independent CPAs
for FY beginning August 1, 2012

5 Tuesday - LAST DAY OF
e-FILING/FILING & e-PAYMENT/PAYMENT
• 2000 - DST for May 2012
SUBMISSION
• Summary report of certification* i"noH hu the President of NHMFC (RA 7271,..)

8 Friday - LAST DAY OF e-SUBMISSION
• eSales report by large taxpayers (regular and excise)
using CRM/POS and other sales machine with TIN
ending in an even number for May 2012
SUBMISSION
• Transcript sheets of ORB for distilled spirits, wines,
fermented liquor, tobacco products, oil, automobiles,
and cigarette paper for May 2012
11 Monday - LAST DAY OF
e-FILING/FILING & e-PAYMENT/PAYMENT
• 1600 - Withholding VAT/PT for May 2012
FILING & REMITTANCE
• 1601C, 1601E, 1601Fand 1602 - Withholding return on compensation, EWT and FWT for May 2012 (non-eFPS taxpayers)
• 1606 - Withholding on transfer of real property other than capital assets for May 2012
e-FILING
• 1601C, 1601E, 1601Fand 1602 – Withholding return on compensation, EWT and FWT for May 2012 (Group E)
e-SUBMISSION
• eSales report by large taxpayers (regular and excise)
using CRM/POS and other sales machine with TIN
ending in an odd number for May 2012
SUBMISSION
• Transcript sheets of ORB for mineral products for May 2012
• A sugar cooperative's list of buyers of sugar for May 2011, together with a copy of certificate of advance payment of VAT made by each buyer appearing on the list
• Information return on releases of refined sugar by the proprietor or operator of a sugar refinery or mill for May 2012
DISTRIBUTION
• 2306 - Certificate of VAT/PT withheld for May 2012
• 2307 - Certificate of creditable PT withheld for May 2012
REMITTANCE
• PhilHealth - ME-5 contributions for May 2012
• SSS - R-5 contributions for May 2012 of employers with SSS identification numbers ending in 1 or 2


13 Wednesday - LAST DAY OF e-FILING
• 1601C, 1601E, 1601Fand 1602 - Withholding
return on compensation, EWT and FWT for May 2012
(Groups C and D)
FILING
• SEC - AFS for FY ended February 2012 by
corporations whose securities are registered under
RSA or SRC

14 Thursday - LAST DAY OF
e-FILING
• 1601C, 1601E, 1601Fand 1602 - Withholding
return on compensation, EWT and FWT for May 2012
(Group B)
REMITTANCE
• HDMF - Ml-1 contributions by employers whose
names start with letters A to D for May 2012

15 Friday-LAST DAY OF
„_FII IHC/FII IMP. «. e-PAYMENT/PAYMENT x,„ „ x,„2-AIF-Annual ITR and AlFfor corporations and partnerships for FY ended February 2012
• 1704-IAET for FY ended May 2011
• 1601C, 1601E, 1601Fand 1602 - Withholding return on compensation, EWT and FWT for May 2012 (Group A)
e-PAYMENT
• 1601C, 1601E, 1601Fand 1602 - Withholding
return on compensation, EWT and FWT for May 2012
(all eFPS groups)
FILING & PAYMENT
• 1707A - Consolidated CGT return for shares not
traded in the stock exchange for FY ended
February 2012
e-SUBMISSION
• Summary list of machines (CRM/POS) sold by
machine distributors/dealers/vendors/suppliers for TQ
ended May 2012
SUBMISSION
• PEZA - AFS filed with the BIR on May 16, 2012 by
PEZA-registered enterprises for FY ended
January 2012
• PhilHealth - RF-1 remittance report for May 2012
REGISTRATION
■ Bound computer-generated/loose-leaf books of
accounts and other accounting records for FY ended
May 2012
REMITTANCE
• SSS - R-5 contributions for May 2012 of employers
with SSS identification numbers ending in 3 or 4
2012 JUNE BIR TAX CALENDAR Part 1

210 House vote approves on 3rd reading sin tax bill






After 16 years with a vote of 210 in favor of the sin tax bill, 21 against, and five abstentions, the House passed the controversial bill Wednesday June 7,2012 the last day of its second regular session.MANILA, Philippines.  The House of Representatives has approved on third and final reading House Bill 5727 sin tax bill, which would raise taxes of tobacco and alcohol products.

Primarily sponsored by Davao City Representative Isidro Ungab, the measure eyes to raise at least P33 billion in revenues annually.

Implementing the new sin tax will increase the price of alcohol and cigarette up to more than 90%.

The purpose is to increase the health fund of the government and to discourage people to buy cigarette and alcohol  before buying their basic needs. 







RR 9-2012 Non Redemption of Properties Sold During Involuntary Sales




RR No 9-2012

RR 10-2012 Joint Venture - Mandatory Enrollment of Local Contractors in the Electronic Filing and Payment System (EFPS)





REVENUE REGULATIONS NO. 10-2012



REPUBLIC OF THE PHILIPPINES
DEPARTMENT OF FINANCE
BUREAU OF INTERNAL REVENUE

June 01, 2012

REVENUE REGULATIONS NO. 10-2012

SUBJECT: Joint Venture or Consortium Formed For The Purpose Of Undertaking Construction Projects and Mandatory Enrollment of Local Contractors in the Electronic Filing and Payment System (EFPS)
All Internal Revenue Officers, Employees and Others Concerned
Section 1. COVERAGE. Pursuant to the provisions of Sec 244 and 245 of the National Internal Revenue Code of 1997, as amended, these Regulations are hereby promulgated to properly implement exclusion to the definition of what is considered as a corporation pursuant to Sec 22 (B) of the NIRC of 1997, in particular, those concerning joint venture undertakings involving construction projects.
Section 2. BACKGROUND. Pursuant to Section 22(B) of the NIRC of 1997, as amended, the term ‘corporation’ shall include partnerships, no matter how created or organized, joint-stock companies, joint accounts (cuentas en participacion), associations, or insurance companies, but does not include general professional partnerships and a joint venture or consortium formed for the purpose of undertaking construction projects or engaging in petroleum, coal, geothermal and other energy operations pursuant to an operating or consortium agreement under a service contract with the Government.
The tax exemption of joint ventures formed for the purpose of construction projects was pursuant to Presidential Decree (PD) No. 929 (dated 4 May 1976) to assist local contractors in achieving competitiveness with foreign contractors by pooling their resources in undertaking big construction projects.
Section 3. JOINT VENTURES NOT TAXABLE AS CORPORATIONS. A joint venture or consortium formed for the purpose of undertaking construction projects not considered as corporation under Sec 22 of the NIRC of 1997 as amended, should be:

(1) for the undertaking of a construction project; and
(2) should involve joining or pooling of resources by licensed local contracts; that is, licensed as general contractor by the Philippine Contractors Accreditation Board (PCAB) of the Department of Trade and Industry (DTI);
(3) these local contractors are engaged in construction business; and
(4) the Joint Venture itself must likewise be duly licensed as such by the Philippine Contractors Accreditation Board (PCAB) of the Department of Trade and Industry (DTI)
Joint ventures involving foreign contractors may also be treated as a non-taxable corporation only if the member foreign contractor is covered by a special license as contractor by the Philippine Contractors Accreditation Board (PCAB) of the Department of Trade and Industry (DTI); and the construction project is certified by the appropriate Tendering Agency (government office) that the project is a foreign financed/ internationally-funded project and that international bidding is allowed under the Bilateral Agreement entered into by and between the Philippine Government and the foreign / international financing institution pursuant to the implementing rules and regulations of Republic Act No. 4566 otherwise known as Contractor’s License Law.

Absent any one the aforesaid requirements, the joint venture or consortium formed for the purpose of undertaking construction projects shall be considered as taxable corporations.

In addition, the tax-exempt joint venture or consortium as herein defined shall not include those who are mere suppliers of goods, services or capital to a construction project.
The member to a Joint Venture not taxable as corporation shall each be responsible in reporting and paying appropriate income taxes on their respective share to the joint ventures profit.

Section 4. MANDATORY ENROLLMENT TO THE BIR’S EFPS. All licensed local contactors are hereby required to enroll themselves to the Bureau of Internal Revenue’s Electronic Filing and Payment System (EFPS). The enrollment should be done at the Revenue District Office (RDO) where the local contractors are registered as taxpayers.

Section 5. REPEALING CLAUSE. - All existing rules and regulations and other issuances or parts thereof which are inconsistent with the provisions of these Regulations are hereby modified, amended or revoked accordingly.

Section 6. EFFECTIVITY. - These Regulations shall take effect fifteen (15) days after publication.
(Original Signed)
CESAR V. PURISIMA
Secretary of Finance
Recommending Approval:
(Original Signed)
KIM S. JACINTO -HENARES
Commissioner of Internal Revenue

REVENUE REGULATIONS NO. 10-2012
Joint Venture or Consortium Formed For The Purpose Of Undertaking Construction Projects and Mandatory Enrollment of Local Contractors in the Electronic Filing and Payment System (EFPS)
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