Long list of sales and purchases and still have to manually enter each to the BIR RELIEF v2.3? Why bother using the module if you can easily convert your Excel file template to a RELIEF Data file?
You don’t always get to choose between things when it comes to taxation, so make the right choice – 8% or regular income tax?
So we have just filed our first BIR Form No. 1601EQ. It would be hard to miss that the new expanded withholding tax rates for individuals are already reflected in the new form pursuant to Revenue Regulations No 11-2018 (RR 11-2018) and Revenue Regulations 14-2018 (RR 14-2018). Here’s a comparison between the new tax rates and the old ones.
The BIR issued Revenue Regulations No. 13-2018 implementing the VAT provisions of Republic Act No. 10963 (TRAIN) by amending certain provisions in RR 16-2005 (Consolidated VAT Regulations of 2005). Below are the main provisions as identified by Navarro Amper & Co in their Tax News April 2018. Continue reading