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2012 AUGUST 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


August DEADLINES:
2 Thursday - LAST DAY OF FILING
• Engagement letters and renewals or subsequent
agreements for financial audit by independent CPAs
for FY beginning October 1, 2012

6 Monday - LAST DAY OF e-FILING/FILING & e-PAYMENT/PAYMENT
• 2000-DST for July 2012
SUBMISSION
• Summary report of certifications issued by the
President of NHMFC (RA 7279) for July 2012

8 Wednesday - 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 July 2012
SUBMISSION
• Transcript sheets of ORB for distilled spirits, wines,
fermented liquor, tobacco products, oil, automobiles,
and cigarette paper for July 2012

10 Friday - LAST DAY OF e-FILING/FILING & e-PAYMENT/PAYMENT
• 1600 - Withholding VAT/PT for July 2012
FILING & REMITTANCE
• 1601C, 1601E, 1601Fand 1602 - Withholding return on compensation, EWT and FWT for July 2012 (non-eFPS taxpayers)
• 1606 - Withholding on transfer of real property other than capital assets for July 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 July 2012
SUBMISSION
■ Transcript sheets of ORB for mineral products for July 2012
• A sugar cooperative's list of buyers of sugar for July 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 July 2012
DISTRIBUTION
• 2306 - Certificate of VAT/PT withheld for July 2012
• 2307 - Certificate of creditable PT withheld for July 2012
REMITTANCE
• PhilHealth - ME-5 contributions for July 2012
• SSS - R-5 contributions for July 2012 of employers with SSS identification numbers ending in 1 or 2

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

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

15 Wednesday - LAST DAY OF e-FILING/FILING & e-PAYMENT/PAYMENT ■ 1701Q - ITR for self-employed individuals, estates and trusts for TQ ended June 2012
• 1702 and 1702-AIF - Annual ITR and AIF by
corporations and partnerships for FY ended
April 2012
• 1704-lAETforFY ended July 2011
e-PAYMENT
• 1601C, 1601E, 1601Fand 1602 - Withholding
return on compensation, EWT and FWT for July 2012
(all eFPS groups)
FILING & PAYMENT
• 1707A - Consolidated CGT return for shares not
traded in the stock exchange for FY ended April 2012
e-FILING
• 1601C, 1601E, 1601Fand 1602 - Withholding
return on compensation, EWT and FWT for July 2012
(Group A)
e-SUBMISSION
• Summary list of machines (CRM-POS) sold by
machine distributors/dealers/vendors/suppliers for TQ
ended July 2012
SUBMISSION
• PEZA - AFS filed with the BIR on July 16, 2012 by
PEZA-registered enterprises for FY ended March 2012
• PhilHealth - RF-1 remittance report for July 2012
REGISTRATION
• Bound computer-generated/loose-leaf books of
accounts and other accounting records for FY ended
July 2012
REMITTANCE
• SSS - R-5 contributions for July 2012 of employers
with SSS identification numbers ending in 5 or 6
2012 AUGUST BIR TAX CALENDAR Part 1

13 Scary Mistakes Stock Investor Do To Lose Money In Stock Market Part 2of 3



     5.  Have a lot of research and plans how the stock price will increase but don’t have any plan how to manage loss.

No stock investor can claim that they have a 100% probability of earning in all of their stock pick.  The realistic skill that all successful stock investor and stock trader have is to be right most of the time or to earn big and lose the least possible percentage of their stock portfolio.

6. Businessmen consider stock market investing would only require good  business skills, professionals consider stock market investing would only need  the best  professional practice.

Stock market investing is investing.  You will need the investing skills of knowing the fundamental analysis and technical analysis. Being a great businessmen or a highly skilled professional does not guarantee you will become a successful stock investor or stock trader. 

Having the discipline of a businessmen and your profession would help you to better learn the stock market investing skills but you need to understand that you will need stock investing and stock trading skills if you want to be successful in stock market.


  1.  Stock investing or stock trading the money you can’t lose or worst you don’t own.

Historically you will have a high probability of earning in stock market if you can stay invested for more than 10 years but if you are trading money you can’t lose or you don’t own, how can you be invested for the long term. 

The usual loosing cycle here is that you will need to sell early at a loss to return your borrowed money and your own  money will absorbed all the loss to return the borrowed capital with interest.  You lose money in stock market and lose money in paying the interest you can’t earn. After few months or years the stock price will go up so you tell yourself that this is the best time to borrow again but when you bought the stock, the stock price started to go down again and you need to sell early at a loss so you can still return the  borrowed capital.

  1. Not following your own plan or system that works.

Do what works and don’t practice anything that does not earn you anything.  If you have a good system or plan why would a successful stock investor or stock trader would do another plan or system?

The investing skills is just the 1st part of how to be successful in stock market.  The emotional and physical aspect of investing is also a big factor that will affect you stock investing decisions.  Even a highly skilled stock expert still experience a  period of doing  a lot of mistakes but they know how to manage loss and earn more what they loss.

13 Scary Mistakes Stock Investor Do To Lose Money In Stock Market Part 1 of 3



     1.  Investing in stock market but really gambling your money in stock market. 

Gambling is simply not learning at least the basic skills of fundamental analysis and technical analysis.   The most common strategy of a loosing trader is stock trading based on hope that they bought the stock at  a low price and hoping again that it will go up.  If the stock price go down they will hope more that they at least recover their investment even at cost.

You want the excitement of gambling - having a high return using the least effort or no effort of understanding how the stock market really works.

  1. Choosing a stock that you have no idea how the company will make money.

You will be at the mercy of people who know the real value of the stock price.  Not knowing the value of the company that you are investing, you will more likely make decisions to lose money in this stock.

  1. Averaging Down -  Buying more shares of stock when the stock price is going down.

Unless you have a really good fundamental research or clear technical analysis , averaging down is unconsciously to prove to yourself that you did not buy a high priced stock.  Buying more shares of stock at a lower cost automatically lower your average stock price hoping the stock will increase but most likely there are a lot of reason why the stock is decreasing in price and may take years before the stock price will have an increasing  price trend.

4        Only concern or studying your country’s stock market performance.

It is also important that you know how international market performance would affect your country’s market performance.  There are times that your country’s market would be dependent on how the international market moves. 

Knowing how the international events would affect your country’s market performance will give you the necessary information that you need on how to manage your current stock portfolio.
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