The Bureau of Internal Revenue (BIR) has issued the new Offline eBIRForms Package v7.9.2.1 to update the previous Offline eBIRForms Package v7.9.2 for the enhancement and convenient online filing of BIR Returns by the Taxpayers in the business community.
To download Offline eBIRForms Package v7.9.2.1
https://www.bir.gov.ph/images/bir_files/ebirforms/ebirforms_package-v7.9.2.1.zip
SEC.4-116 of Sections 2. Amendments under Revenue Regulations (RR) No. 4-2021 refers of the Tax on Persons Exempt from VAT.
Under these regulations, any person whose sales or receipts are exempt under Section 109(I)(CC) of the Tax Code from the payment of VAT and who is not a VAT-registered person shall pay a tax equivalent to three percent (3%) of his gross quarterly sales or receipts. Provided, however, that the following shall be exempt from the payment of three percent (3%) percentage tax:
1. Cooperatives; and
2. Self-employed individuals and professionals availing of the 8% tax on gross sales and/or receipts and other non-operating income, under Sections 24(A)(2)(b) and 24(A)(2)(c)(2)(a) of the Tax Code.
Provided, further, that effective July 1, 2020 until June 30, 2023, the rate shall be one percent (1%).
XXX XXX XXX"
Please refer https://www.bir.gov.ph/images/bir_files/internal_communications_1/Full%20Text%20RR%202021/RR%20NO.%204%20-%202021.pdf of the full text of RR No. 4-2021.
The new Offline Electronic Bureau of Internal Revenue Forms (eBIRForms) Package Version 7.9.2 is the updated version of eBIRForms 7.9.1, issued by the bureau under Revenue Memorandum Circular (RMC) No. 111-2021, which is downloadable from the sites: www.bir.gov.ph and www.knowyourtaxes.ph.
The new Offline eBIRForms Package includes the January 2018 version of the following forms:
1. BIR Form No. 2552 - Percentage Tax Return for Transactions Involving Shares of Stock Listed and Traded Through the Local Stock Exchange or Through Initial and/or Secondary Public Offering.
2. BIR Form No. 1600-VT - Monthly Remittance Return of Value-Added Tax Withheld
3. BIR Form No. 1600-PT - Monthly Remittance Return of Other Percentage Taxes Withheld
4. BIR Form No. 1707 - Capital Gains Tax Return for Onerous Transfer of Shares of Stocks Not Traded Through the Local Stock Exchange
5. BIR Form No. 2200-C - Excise Tax Return for Cosmetic Procedures
6. BIR Form No. 1702-MXv2018
7. BIR Form No. 1702-MXv2018C
Please refer: RMC No. 111-2021.pdf (bir.gov.ph) to read the full text of the RMC No. 111-2021.
The team of the bureau has recently issued the New Offline eBIRForms Package v7.9.1 and available for download in relation with new regulations issued and in compliance with the ease of doing business in the community.
Just click the link: https://www.bir.gov.ph/images/bir_files/ebirforms/ebirforms_package_v7.9.1.zip to download the New Offline eBIRForms Package v7.9.1 Available for Download to comply in the submission and payment of returns with or without tax dues.
In relation with the Bureau of Internal Revenue (BIR) Revenue Memorandum Circular Number (RMC) No. 41-2021 dated March 22, 2021 which refers to the Filing of Returns as Well as Payment of Taxes Due Thereon Falling Within the Period March 22, 2021 to April 30, 2021, taxpayers and all concerned persons will prepare themselves and adjust accordingly of this circular as being issued in order to provide relief to all involve in relation to the current stage in COVID-19 cases that is affecting the entire nation which has prompted establishments to operate at half their manpower capacity.
In this regard, filing of returns as well as payment of taxes due thereof falling within the period March 22, 2021 to April 30, 2021 may be made anywhere, even outside the jurisdiction of the Revenue District Office where they are registered.
Taxpayers who are not mandated to use the eFPS and eBIRForms Systems are encouraged to electronically file their returns through the eBIR Forms Facility and pay the corresponding taxes due thereon through any ePayment channels.
However, may taxpayers are still waiting the guidelines with regards of the due date of filling of Individual and Corporate Annual Income Tax Returns 2020. Hopefully, the bureau will issue a regulations to adjust, postpose, extend or reschedule the due date of filing and payment of ITRs 2020 to give ample time of the prepares and taxpayers amidst of the ECQ COVID-19 Pandemic.
REFERENCE: Revenue Memorandum Circular (RMC) N. 41-2021.
In line with the ease of doing business in the community, the bureau has updated the version of Offline eBIRForms Package from Offline eBIRForms Package v7.6.1 to Offline eBIRForms Package v7.7 with new necessary updates with ease and seamless filing of BIR Tax Returns without compromising the going concern of the business operations of the business people in the community.
Maintenance of system is an important measure to minimize and avoid technical difficulties in compliance with the requirements of its offline and online system of eco modern technologies this day.
To download the Offline eBIRForms Package v7.7, clink the link below:
http://ebirforms-ftp.bir.gov.ph/ebirforms_package_v7.7.zip
Revenue Regulations (RR) No. 14-2020 dated January 30, 2020 was issued by the bureau amending the Pertinent Provisions on Cash Conversion of Unutilized Tax Credit Certificate (TCC) under RR No. 5-2000. TCC represents the amount due to a taxpayer resulting from an overpayment of a tax liability or erroneous payment of a tax due. It may be applied for by the taxpayer instead of filing a claim for refund with the Bureau of Internal Revenue (BIR). It may be used as payment of any tax liability by way of applying for Tax Debit Memo (TDM) or may be converted into a cash, in case the taxpayer-owner has no longer use for it.
Period of Validity, Conversion and Revalidation
a. Vality Period - Any TCC issued which remains unutilized after five (5) years from the date of issue shall, unless revalidated before the end of the fifth year, be considered invalid. This means that the TCC shall not be allowed for use in payment of any taxpayer's internal revenue tax liability nor allowed to be transferred and the unutilized amount thereof shall revert to the General Fund of the National Government. (RR No. 5-2000)
b. Conversion Period - Any request for conversion into cash refund of unutilized tax credits may be allowed during the validity period of the TCC. Provided, however, that the original copy of the Tax Credit Certificate showing a creditable balance is surrendered to the Asst. Commissioner, Collection Service or other duly authorized Revenue Officer for verification and cancellation. Provided, further, that a refund check of treasury warrant issued in accordance with the pertinent provisions of the Tax Code of 1997, as amended, which shall remain uncashed or unclaimed within five (5) years from the date of issue, mailing or delivery, whichever comes later, shall be forfeited in favor of the Government and the amount thereof shall revert to the general fund.
Provided furthermore, that, any TCC which remains unutilized for more than one (1) year at any given interval of time during its validity shall be converted into cash with prior written notice by the BIR, subject to the availability of funds in accordance with the procedural requirements that will be issued by the BIR for this purpose.
c. Revalidation Period - The revalidated TCC shall be valid for a period of five years from the date of issue. (RR No. 5-2000).
All TCCs which are already expired upon the effectivity of this Regulations shall be automatically cancelled by the BIR, except those TCCs which are with the BIR, for purposes of utilization thru TDM, conversion or revalidation, before the expiration of their respective dates of validity: Provided, however, that the list of expired TCCs and names of its taxpayers-owners shall be circularized/posted with the BIR's official website, within thirty (30) days from the date of effectivity of these Regulations. The said ciruclar or posting of the list is deemed a sufficient notice to the concerned taxpayer-owner of the TCC.
REFERENCES:
RR No. 5-2000; RR No. 14-2020.
