NHVS - Philippine Branch

LIST OF BIR & SEC REPORTS

DUE DATE Prepared by REPORTS OF NHVS

MONTHLY REPORTS:
10th of the month Accountant 1601-C - Monthly Remittance Return of Inc. Taxes W/held on Compensation

10th of the month Accountant 0619E - Monthly Remittance Return of Creditable Inc. Taxes Withheld (Expanded)

20th of the month Accountant 2550-M - Monthly VAT Declaration

- Prepare Monthly SLSP for submission per Quarter

QUARTERLY REPORTS:
10th - 25th of the month Accountant 1601 - EQ - Quarterly Remittance Return of Creditable Inc. Taxes W/held (Expanded)
-with / without payment - use 1601EQ
(Note: QAP (Prev. MAP) shall be submitted thru esubmission@bir.gov.ph) - DAT File

20th after end of Qtr. Accountant 2307 - Quarterly Report on Creditable Inc. Taxes W/held (Expanded)
20 Jan, 20 Apr, 20 Jul, 20 Oct (for one quarter)

25th after end of Qtr. Accountant 2550-Q - Quarterly VAT Declaration --- (for the third month of the quarter)
(Note: For 2550-Q, if the Gross Sales Receipt for the quarter exceeds 2.5M,
send softcopy of SLSP thru BIR e-submission @ esubmission@bir.gov.ph - DAT file)
(Note: Summary List of Sales for VAT taxpayers with purchases of exceeding P1.5M in any one quarter
with the details of regular suppliers of any amount and casual supplier with individual purchases P10,000.00)

May 30, Aug. 30 & Nov. 30 Accountant 1702-Q - Quarterly Income Tax Return for Corporations (for one quarter)
(Note: For 1702-Q, submit only for the 1st, 2nd & 3rd quarters)

ANNUAL REPORTS:
1st week of January - January 25 Mayor's Permit/Business Permits
Prepare all the need requirements to get Brgy. Clearance, Accountant Audited FS - previous year
Sanitary Permit, Fire Permit, Cedula & Mayor's Permit 2550Q - 1st to 4th Qtr - current year
Other reqirements needed
January 31 Accountant 0605 - Annual Registration Fee (P500)
January 31 Accountant 1604-CF - Annual Tax W/held on Compensation & Alphalist (3 copies) & softcopy

January 31 Accountant 2316 - Annual Income Tax Return for Individuals w/ Compensation Derived from
One Source (given to all employees) - generated from the BIR Alphalist
program - distribute 1 copy per employee
February 28 Accountant Submission of 2316 copies to BIR

March 1 Accountant 1604-E - Annual Info on Creditable Inc. Taxes W/held (EWT) & Alphalist (3 copies)
and softcopy
April 15 Accountant 1702 - Annual Income Tax Return for Corporations (for one year) - attached to audited FS

Accountant General Information Sheet (for all domestic corporations) SEC report
due within 30 days from the Annual Mtg per by-laws

Notes

FOR SUBMISSION OF FS:

BIR- Bring 4 copies of FS, 4 copies of ITR, they will return 2 copies of FS and 2 ITR
SEC- Bring 4 copies of FS, they will return 1 copy FS, GIS - 4 copies - Submit to satellite office
CHECKLIST
1. 1601C - Compensation Withholding Tax (salary employees tax)
January 1601C
February 1601C
March 1601C due June 9
April 1601C due June 9
May 1601C due June 10
2. 0619E and 1601 EQ - Expanded Withholding Tax (e.g. rent)
January 0619E
February 0619E
March 1601EQ due June 14
April 0619E due June 9
May 0619E due June 10
3. 2550M and 2550Q - VAT
January 2550M
February 2550M Condition 1
March 2550Q due June 9 Condition 2
April 2550M due June 19
May 2550M due June 20
4. 1702Q
March 1702Q due June 29
5. Business Permit related documents
6. GIS
7. Government Contributions Online Account
PHILHEALTH
SSS
PAGIBIG
8. 2307 - Quarterly Report on Creditable Inc. Taxes W/held (Expanded) , if any
Per transactions to be provided to the applicable company
Rent Expense 50,000.00
0619E paid by LESSEE & 2307 tax credit by the LESSOR 2,500.00
Actual Paid to the LESSOR 47,500.00

Expanded Withholding Tax

Suppliers of goods 1%
Provider of services 2%
If you are top withholding agent. (BIR chose you you pay)
If amount is material, you will declare

Contractrors 2%
Rent 5%

BUYER
Cellphone 100.00
VAT 12.00
Cash 112.00

Cellphone 100.00
VAT 12.00
EWT 1.00
Cash 111.00
 SELLER
Can USE
30% Income Tax Due
2307 Creditable Withholding Tax
TOTAL TAX DUE

CANNOT USE the 2307

30% Income Tax Due
2307 Creditable Withholding Tax
TOTAL TAX DUE

SELLER
Cash 112
Output VAT 12
Sales 100

Cash 111
Creditable Withholding Tax 1
Output VAT 12
Sales 100
 SELLER
MAKE MONEY
100
holding Tax -1
99

MAKE MONEY
-100
-1
-101