With so many deadlines to remember and various forms to be filed throughout the year, managing your taxes can be a challenge. Penalties may result from missing a deadline, which is why it’s so important to stay informed and plan ahead.
To assist you in keeping track of your tax obligations, we’ve created a quick guide of the
Bureau of Internal Revenue (BIR) tax deadlines common to Micro and Small Enterprises.
Monthly Filing Requirements
1601-C - Monthly Remittance Return of Income Taxes Withheld on Compensation
Deadline: on or before the 10th day following the month in which withholding was made.
0619-E - Monthly Remittance Form for Creditable Income Taxes Withheld (Expanded)
Deadline: on or before the 10th day following the month in which withholding was made.
Quarterly Filing Requirements
1601-EQ - Quarterly Remittance Return of Creditable Income Taxes Withheld (Expanded)
Deadline: Every last day of the month following the end of each quarter.
Required Attachment: Quarterly Alphabetical List of Payees (QAP)
2550-Q - Quarterly Value-Added Tax (VAT) Return
Deadline: Every 25th day after the end of each taxable quarter.
Required Attachment: Summary Lists of Sales and Purchases (SLSP)
2551-Q - Quarterly Percentage Tax Return
Deadline: Every 25th day after the end of each taxable quarter.
1701-Q - Quarterly Income Tax Return (for Self-Employed Individuals)
Deadlines:
1st Quarter: On or before May 15 of the current taxable year
2nd Quarter: On or before August 15 of the current taxable year
3rd Quarter: On or before November 15 of the current taxable year
1702-Q - Quarterly Income Tax Return (for Corporations and Partnerships)
Deadlines:
1st Quarter: within 60 days after the end of each quarter.
2nd Quarter: within 60 days after the end of each quarter.
3rd Quarter: within 60 days after the end of each quarter.
Annual Filing Requirements
1604-C – Annual Information Return of Income Taxes Withheld on Compensation
Deadline: On or before January 31 of the year following the calendar year
1604-E - Annual Information Return of Creditable Income Taxes Withheld (Expanded)
Deadline: On or before March 1 of the year following the calendar year
1701 - Annual Income Tax Return (for Self-Employed Individuals)
Deadline: On or before April 15 of each year
1702 - Annual Income Tax Return (for Corporations and Partnerships)
Deadline: On or before April 15 of each year
Other Filing Requirements
2000 - Documentary Stamp Tax Declaration
Deadline: 5th day after the end of the transaction month.
This list of common BIR tax deadlines can help you ensure that your returns are completed on time. However, it’s also important to stay informed about any updates or changes to these deadlines. While this guide is a useful tool, make sure to regularly check for new announcements from the BIR to keep everything up to date.
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Disclaimer: Numbers that Matter Inc. aims to curate topics that are simplified and easily digestible for micro, small and medium enterprises, by balancing our technical know-hows as accounting professionals and the practical experiences of our team working on the ground with our clients. There may be technicalities intentionally omitted from our content to preserve its simplicity. Any practical tip is purely the opinion of the team and is merely informal advice, and thus, should not be taken as a definitive rule. Should you have any specific questions, feel free to message the team at consult@numbersthatmatterph.com and we’d be happy to discuss with you further.
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