TAX COMPLIANCE AND TAX REMEDIES

Tax- is an enforced proportional contribution upon persons, properties and/or rights imposed by the
government for public purpose.

Tax Types to be Registered:

 Registration Fee (P500) – on or before Jan 31 of the year. BIR Form 0605
 Income Tax
Individual

FORM PERIOD DEADLINE

1701Q 1st qtr. May 15
1701Q 2nd qtr. August 15
1707Q 3rd qtr. November 15
1701 Annual April 15 the following year

FORM PERIOD DEADLINE

st
17022Q 1 qtr.
1702Q 2nd qtr. 60 days after end of each qtr.
1702Q 3rd qtr.
1702 Annual 15th day of the 4th month
following the close of the
taxable year

 Business Taxes
Percentage Tax – 25th day of the month following the taxable year

FORM PERIOD DEADLINE

st
2551Q 1 qtr. April 25
2551Q 2nd qtr. July 25
2551Q 3rd qtr. October 25
2551Q Annual January 25 the following year

Value-Added Tax

PERIOD DEADLINE FORM

Jan Feb 20 2550M
Feb March 20 2550M
1st Quarter April 25 2550Q
April May 20 2550M
May June 20 2550M
2nd Quarter July 25 2550Q
July August 20 2550M
August September 20 2550M
3rd quarter October 25 2550Q
 October November 20 2550M
November December 20 2550M
4th quarter January 25 2550Q

What happen if the taxpayer pays beyond the deadline?

 25% Surcharge
 12% Interest per Annum under TRAIN Law
 Compromise Penalty under RMO No. 7-2015

Assesment Process

Stage 4: Formal letter of demand/ Fianl assessment notice (FAN)

Requisites