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1601e Jan 2018 to 0605 Payment Form



THAT TAXES WITHHELD WITHIN THE FIRST TWO (2) MONTHS OF EVERY TAXABLE QUARTER SHALL BE REMITTED THRU BIR FORM 0605 ON OR BEFORE THE 1OTH DAY FOLLOWING THE MONTH OF WITHHOLDING.

TAXES WITHHELD ON THE THIRD (3RD) MONTH OF EVERY TAXABLE QUARTER SHALL BE REMITTED THRU BIR FORM I6O1EQ (OR THE APPLICABLE QUARTERLY WITHHOLDING TAX RETURN). NOT LATER THAN THE LAST DAY OF THE MONTH FOLLOWING THE CLOSE OF THE TAXABLE QUARTER DURING WHICH THE WITHHOLDING TAX WAS MADE.

 To further clarify the advisory issued by this Bureau last January 31, 2018 relative to the remittances of creditable and final withholding taxes for the first two (2) months of every quarter,

 the withholding agents (WAs) are advised to remit the withheld taxes using BIR Form No. 0605 on or before the 1Oth day (for over-the-counter filers) or 15th day (for eFPS filers) of the following month of withholding.

 It is further advised that the Alphanumeric Tax Code to be used in the filing and remittance of the said taxes thru BIR Form 0605 shall be "MC 200" and the tax type to be indicated shall be "WE" for Expanded Withholding Tax or "WF" for Final Withholding Tax. whichever is applicable.

 This is only a transitory procedure pending the issuance of the enhanced withholding tax remittance forms. With regard to the submission of the alphabetical list of payees from whom taxes were withheld, such shall be submitted not later than the last day of the month following the close of the taxable quarter during which the withholding tax was made
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