Tax Updates Archives - Philippine Accounting Updates

Use the updated eBIRForms version 6.0

Posted on April 5, 2016 by Orlando Calundan | 20 Comments

Update: Current version of eBIRForms Offline Package is v7.6.1. Click here to download this latest version. Taxpayers are now filing their tax returns in the hope of avoiding the rush where they need to queue in a very long line or…

Offline eBIRForms Package v6.0 now Available

Posted on September 9, 2015 by Orlando Calundan | 60 Comments

Update: Current version of eBIRForms Offline Package is v7.6.1. Click here to download this latest version. In June 2015, the Offline eBIRForms Package v5.0 was made available to the public/taxpayers fixing certain bugs on submission from the previous versions. And…

Revenue Regulations (RR) No. 2-2013: Transfer Pricing Guidelines

Posted on January 25, 2013 by Orlando Calundan | 0 Comments

Last January 23, 2013, the Bureau of Internal Revenue (BIR) issued Revenue Regulations No. 2-2013 providing guidelines to transfer pricing. These Regulations seek to provide guidelines in applying the arm’s length principle for cross-border and domestic transactions between associated enterprises. These guidelines are…

New Quarterly Income Tax Returns (1702Q and 1701Q)

Posted on April 16, 2012 by Orlando Calundan | 81 Comments

Some of us may have already filed our income tax returns in the new format prescribed by the Bureau of Internal Revenue (BIR). These new tax returns may be downloaded here. You can also visit in the list of all…

E-filing of the New Tax Forms (1700, 1701, 1702) Excel and Interactive Form

Posted on April 10, 2012 by Orlando Calundan | 16 Comments

On April 3, 2012, the Bureau of Internal Revenue issued Revenue Memorandum Circular (RMC) No. 15-2012 prescribing additional guidelines in the filing, receiving and processing of taxable year 2011 Income Tax Returns (lTRs) and their attachments prescribed under Revenue Regulations (RR) No.…

2010 Top 500 Corporate (Non-individual) and Individual Taxpayers in the Philippines

Posted on April 4, 2012 by Orlando Calundan | 0 Comments

Have you ever wondered who are the top income tax payers in the Philippines for the year 2010? You might be surprised finding out that the Company you are working for, the individuals you idolized and known well, or even…

BIR and SEC Schedule of Filing of 2011 Financial Statements

Posted on April 3, 2012 by Orlando Calundan | 5 Comments

While everyone is rushing for the completion of their 2011 financial statements, income tax returns and other reportorial requirements this season, we remind everyone to file them early for you to avoid the hassle and trouble of late filing especially…

Format for Supplementary Information Required Under RR 19-2011 and 15-2010

Posted on April 3, 2012 by Orlando Calundan | 0 Comments

Accountants and Auditors are now rushing on finalizing financial statements for filing with the regulatory bodies and other interested parties. Two of the required disclosures in the notes to the financial statements are supplementary information required under Revenue Regulations (RR)…

Looking back: How should the information required by RR-15 2010 be presented in the financial statements?

Posted on March 22, 2012 by Orlando Calundan | 2 Comments

In 2010, The Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) 15-2010 which prescribes additional disclosures on taxes, duties and license fees on the Notes to Financial Statements in addition to the disclosures mandated by the Philippine Financial Reporting…

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