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Tax Updates

Recent important updates on eBIRForms and others

There’s really not a year where Bureau of Internal Revenue (BIR) has no surprise when it comes to tax rules and regulations particularly on tax filing. Every year, there are new sets of rules, procedures, forms introduced to taxpayers, tax agents and all other stakeholders that add pressure in meeting the filing deadlines. Aside from the very imperfect timing of these new directions, there is also lack of information dissemination and taxpayer education.

We feel you, filing income tax returns is becoming a headache of virtually all of the taxpayers, even those who don’t need to pay. While it’s good that the BIR is finding ways to make filing easier in the long run (in the sense like, once you are enrolled online, it would be easy and convenient for you to file you next returns), its imperfect timing of implementation usually leads to a more disastrous situation, especially those who are not keen in using computers and internet.

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About leecpa

Orlando Calundan is a Certified Public Accountant. He has exposures in audit of financial statements of entities in various industries such as real estate, food (quick service restaurants), manufacturing, service organizations and BPOs, automotive, holding/investment companies and more. He also has exposure on internal audit engagements. http://calundan.co

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