Gensan Freelance Bookkeeping

20/08/2026

⚖️ 50% REDUCED COMPROMISE PENALTY!

Good news para sa Micro at Small Taxpayers! 💡

Under the Ease of Paying Taxes (EOPT) Act, may at least 50% reduction sa compromise penalty para sa certain violations.

📌 SINO ANG COVERED?

Applicable ito sa violations involving:

🧾 Section 113 – Invoicing Requirements
🧾 Section 237 – Issuance of Receipts or Sales/Commercial Invoices
🖨️ Section 238 – Printing of Invoices

🟢 Para sa qualified Micro and Small Taxpayers, ang compromise penalty ay 50% of the applicable rate or amount under the applicable BIR compromise penalty schedule.

⚠️ IMPORTANT:
Hindi ibig sabihin na lahat ng violations ay automatic na 50% reduced.

Ang special concession na ito ay specifically para sa violations ng Sections 113, 237, at 238, subject to the conditions under the EOPT Act and implementing regulations.

📚 LEGAL BASIS:

Republic Act No. 11976 – Ease of Paying Taxes Act
📍 Section 45(e) – provides a reduced compromise penalty rate of at least 50% for violations of Sections 113, 237, and 238 of the NIRC.

Revenue Regulations No. 6-2024 – implements the reduced compromise penalty for covered Micro and Small Taxpayers.

📌 For educational and general tax information purposes only.

19/08/2026

📄 ₱500 PENALTY NA LANG PARA SA ILANG INFORMATION RETURNS!

Good news para sa Micro at Small Taxpayers! 💡

Under the Ease of Paying Taxes (EOPT) Act, may reduced penalty para sa qualified Micro and Small Taxpayers kapag hindi nakapag-file ng certain information returns required under the Tax Code.

📌 REGULAR PENALTY:
➡️ Under Section 250 of the NIRC, ang failure to file certain information returns, statements, lists, or required information may be subject to a penalty.

🟢 MICRO & SMALL TAXPAYERS:
➡️ ₱500 reduced fine para sa covered failure to file certain information returns.

⚖️ LEGAL BASIS

Republic Act No. 11976 – Ease of Paying Taxes Act
📍 Section 45(d)

It provides a reduced fine of ₱500 as penalty for failure to file certain information returns under Section 250 of the NIRC, as amended.

📚 Implementing Rule:
Revenue Regulations No. 6-2024 – implements the reduced penalties for Micro and Small Taxpayers.

⚠️ IMPORTANT:
Hindi ibig sabihin na lahat ng late filing penalties ay ₱500.

Ang ₱500 reduced fine ay specifically para sa failure to file certain information returns covered by Section 250, subject to the applicable rules and qualifications.

📌 For educational and general tax information purposes only.

17/08/2026

💰 50% REDUCED INTEREST RATE!

Good news para sa Micro at Small Taxpayers! 💡

Under the Ease of Paying Taxes (EOPT) Act, may 50% reduction sa interest rate imposed under Section 249 of the NIRC.

📌 REGULAR INTEREST RATE:
➡️ 12% per annum

📌 MICRO & SMALL TAXPAYERS:
➡️ 6% per annum na lang!
➡️ Equivalent to 50% reduction sa regular interest rate.

💡 SAMPLE:

Kung ang unpaid tax ay ₱100,000:

🔴 Regular 12% = ₱12,000/year
🟢 Micro/Small 6% = ₱6,000/year

👉 ₱6,000 ang difference sa interest per year!

⚖️ LEGAL BASIS

Republic Act No. 11976 – Ease of Paying Taxes Act
📍 Section 45(c) – provides for a 50% reduction on the interest rate imposed under Section 249 of the NIRC, as amended.

📚 Implementing Rule:
Revenue Regulations No. 6-2024 – implements the reduced interest and penalty rates for Micro and Small Taxpayers.

⚠️ Reminder: The 6% rate applies to qualified Micro and Small Taxpayers and is subject to the conditions and rules under the EOPT Act and RR No. 6-2024.

📌 For educational and general tax information purposes only.

15/08/2026

⚠️ 10% CIVIL PENALTY NA LANG!

Good news para sa mga Micro at Small Taxpayers! 💡

Under the Ease of Paying Taxes (EOPT) Act, may reduced civil penalty rate para sa qualified Micro and Small Taxpayers.

📌 REGULAR RATE:
➡️ 25% surcharge under Section 248(A) of the NIRC

📌 MICRO & SMALL TAXPAYERS:
➡️ 10% civil penalty rate under the special concession provided by the EOPT Act.

⚖️ LEGAL BASIS

Republic Act No. 11976 – Ease of Paying Taxes Act
📍 Section 45(b) – Special Concessions for Certain Taxpayers

Implementing Rule:
📚 Revenue Regulations No. 6-2024

💡 Sample:
Kung ang tax due na subject to surcharge ay ₱10,000:

🔴 Regular 25% = ₱2,500 surcharge
🟢 Micro/Small 10% = ₱1,000 surcharge

👉 Mas mababa ng ₱1,500 ang surcharge!

⚠️ Reminder: Hindi ibig sabihin na lahat ng penalties ay automatic na 10%. The reduced rate applies subject to the qualifications and conditions under the EOPT Act and BIR regulations.

📌 For educational and general tax information purposes only.

13/08/2026

📄 2-PAGE ITR NA LANG!

Good news para sa Micro at Small Taxpayers! 💡

Sa ilalim ng Ease of Paying Taxes (EOPT) Act, may special concession para sa Micro at Small Taxpayers:

📌 Ang Income Tax Return (ITR) ay dapat magkaroon ng MAXIMUM na dalawang (2) pages lamang, whether in:

📝 Paper Form
💻 Electronic Form

⚖️ LEGAL BASIS

Republic Act No. 11976 – Ease of Paying Taxes Act
📍 Section 45(a) – Special Concessions for Certain Taxpayers

“The Income Tax Return (ITR) required under Section 51 of the NIRC shall consist of a maximum of two (2) pages in paper form or electronic form.”

📊 SINO ANG MICRO AT SMALL TAXPAYER?

🔹 Micro – gross sales of less than ₱3 Million

🔹 Small – gross sales of ₱3 Million to less than ₱20 Million

These classifications are provided under Section 21(b) of the NIRC, as amended by RA No. 11976, and implemented through RR No. 8-2024.

📌 BIR implementation:
The BIR subsequently issued BIR Form 1701-MS – Annual Income Tax Return for Individuals Classified as Micro or Small Taxpayers, which is structured into 2 pages.

💡 BOTTOM LINE:

For qualified Micro and Small Taxpayers, the law provides a simplified ITR with a maximum of 2 pages, whether paper or electronic.

👉 EOPT = Simpler Tax Compliance

📚 LEGAL REFERENCES:
• Republic Act No. 11976 – EOPT Act, Sec. 21 & Sec. 45(a)
• Revenue Regulations No. 8-2024 – Classification of Taxpayers
• BIR Form 1701-MS – Annual ITR for Micro or Small Taxpayers

📌 For educational and general tax information purposes only. Always refer to the latest BIR issuances and applicable tax rules.

11/08/2026

📲 ELECTRONIC O MANUAL — PAREHO BA PUWEDE?

Sa ilalim ng Ease of Paying Taxes (EOPT) Act – Republic Act No. 11976, kinikilala ang electronic at manual filing/payment, subject sa mga kondisyon at implementing rules ng BIR.

💻 ELECTRONIC FILING
Ang tax returns ay generally required na i-file electronically through available BIR electronic platforms.

📝 MANUAL FILING
Ang manual filing ay maaari sa mga authorized circumstances, gaya ng kapag unavailable o inaccessible ang electronic platform, o kung may applicable BIR advisory/rule na nagpapahintulot nito.

💰 TAX PAYMENT
Ang payment of taxes ay maaaring gawin electronically or manually, subject sa applicable BIR rules and authorized payment channels.

⚠️ IMPORTANT REMINDER:
Hindi ibig sabihin ng EOPT na automatic na puwedeng pumili ang lahat ng taxpayers ng electronic o manual filing anumang oras.

📌 Electronic filing = general rule
📌 Manual filing = allowed under specified circumstances

📚 LEGAL BASIS:
🔹 Republic Act No. 11976 (EOPT Act) – Sec. 4, amending Sec. 22 of the NIRC
🔹 Revenue Regulations No. 4-2024
🔹 Revenue Memorandum Circular No. 87-2024

💡 Always check the latest BIR issuance or advisory applicable to your taxpayer classification and filing system.

📌 For educational and general tax information purposes only. This is not a substitute for professional tax or legal advice.

10/08/2026

QUESTION:
VAT registered po. Kapag cash sales ang transaction, saan po dapat i-record, sa Cash Receipts Journal (CRJ) or Subsidiary Sales Journal (SSJ)? Paano po ang recording kung may customer name, address at TIN?

ANSWER:
Magkaiba ang purpose nila. Ang CRJ records the cash received, habang ang SSJ provides the detailed breakdown of sales for VAT monitoring and reporting. VAT-registered taxpayers are required to maintain accounting records that include subsidiary sales records.

📌 For information and educational purposes only. Actual recording may depend on the taxpayer’s registered books of accounts and accounting system. For specific transactions or compliance concerns, it is best to verify with your accountant, bookkeeper, or the BIR.

08/08/2026

📌 FILE AND PAY KAHIT SAAN: MAS MADALI NA ANG TAX FILING!

Good news, taxpayers! Mas convenient na ngayon ang pag-file at pagbabayad ng buwis.

Sa ilalim ng National Internal Revenue Code (NIRC), as amended by Republic Act No. 11976 or the Ease of Paying Taxes Act, pinapayagan na ang taxpayers na mag-file ng tax returns at magbayad ng buwis, electronically man o manually, sa mga sumusunod:

✅ Any Authorized Agent Bank (AAB)
✅ Any Revenue District Office (RDO), through its Revenue Collection Officer (RCO)
✅ Authorized Tax Software Provider

💡 Ano ang malaking pagbabago?
Hindi na limitado ang taxpayer sa RDO kung saan siya nakarehistro para sa filing at payment. Layunin nito na gawing mas accessible at convenient ang tax compliance.

Mas flexible. Mas accessible. Mas convenient.

📣 Tax Tip: Alamin ang tamang filing at payment channels para mas madali at maayos ang iyong tax compliance.

Save this post for future reference and share it with fellow taxpayers and business owners!



OR INFORMATIONAL PURPOSES ONLY. Consult a licensed CPA or the BIR for official advice.

07/08/2026

📌 **KNOW YOUR TAXPAYER CLASSIFICATION**

Do you know which taxpayer category your business belongs to?

Under **Section 3, amending Section 21(b) of the NIRC**, taxpayers are classified according to their annual gross sales:

🔹 **MICRO TAXPAYER**
Gross sales of **below ₱3,000,000**

🔹 **SMALL TAXPAYER**
Gross sales of **₱3,000,000 to below ₱20,000,000**

🔹 **MEDIUM TAXPAYER**
Gross sales of **₱20,000,000 to below ₱1,000,000,000**

🔹 **LARGE TAXPAYER**
Gross sales of **₱1,000,000,000 and above**

💡 **Why does this matter?**
Knowing your taxpayer classification helps you better understand the tax rules, compliance requirements, and administrative provisions that may apply to your business.

✅ Check your annual gross sales.
✅ Know your taxpayer classification.
✅ Stay informed and tax-compliant.

📣 **Business owners and entrepreneurs, which category does your business fall under?**

Save this post for reference and share it with fellow business owners!



FOR INFORMATIONAL PURPOSES ONLY. Consult a licensed CPA or the BIR for official advice.

06/08/2026

FYI!

During the conduct of audits by the BIR, the revenue officer and/or group supervisor may use “personal” contact numbers, email address or any messaging apps. This is in violation of the instructions under RMO 1-2026 which required to communicate or interact with the taxpayer only through official communication channels of the ROs or GS, such as their official email address or official office contact numbers.