25/01/2024
BIR Tax Deadlines : Reminder
A simple guide of tax deadlines per provisions of the BIR, posted every month for your reference, applicable for taxpayers on a calendar year basis. Please keep this list updated by sending your comments/updates below.
* Annual Income Tax Returns
1701 (Self-Employed, Estates and Trust) - on or before April 15th
1702-RT (Corporation, Partnership and Other Non-Individual Taxpayer) - on or before the 15th day of the 4th month after closing of taxable year.
* Quarterly Income Tax Return for Individuals (1701Q)
1st qtr: On or before May 15 of the current taxable year
2nd qtr: On or before August 15 of the current taxable year
3rd qtr: On or before November 15 of the current taxable year
* Quarterly Income Tax Return for Non-Individuals
1702Q - On or before the 60th day following the close of each of the quarters of the taxable year.
* Percentage Taxes
Quarterly (2551Q) - Every 25th day after the taxable quarter.
* Value-Added Tax
Quarterly (2550Q) - Should be on or before the 25th day following the close of each quarters of the taxable year. (RMC 5-2023)
Monthly (2550M) - This is optional, no deadline. (RMC 52-2023)
* Withholding Tax
Quarterly (1601-FQ, 1601-EQ) - Not later than the last day of the month, following the end of taxable quarter during which the withholding tax was made.
Annually (1604-E) - On or before the 1st of March after the calendar year in which the income was were paid.
* Creditable Certificates (2316 and 2306)
2306 and 2316 - on or before January 31st of year in which income payment was made.
* Creditable Certificate (2307)
For EWT β before the 20th day of the month after the taxable quarter
Percentage Taxes on Government Money Payments β needs to be issued on or before the 10th day of the following month.
VAT/Withholding β shall be filed 10th day of the following month after the month when the withholding is made.
* Compensation (1601-C)
January to November β on or before the 10th day of the following month.
For December β on or before the 15th day of the following month.
* Remittance Forms
0619-E and 0619-F - shall be filed every 10th day of the following month at which the withholding was made.
* Payment Form (0605)
Every time that the taxpayer faces due on tax penalties, or when the filer needs to make an advance payment.
New update: Taxpayers are now exempt from paying Annual Registration Fee per Republic Act 11976 or Ease of Paying Taxes Act. (Deadline was previously January 31 of every year.)
* DAT Files (SLSP and QAP)
SLSP - On or before the 25th day of the month after the close of taxable quarter.
QAP - Not later than the last day of the month, following the end of taxable quarter during which the withholding tax was made.
* DAT Files (SAWT)
A. VAT
Monthly β Within twenty (20) days following the end of each month
Quarterly β Within twenty (25) days following the end of each quarter
B. Withholding β Within ten (10) days following the end of each month
C. Percentage β Within ten (10) days following the end of each month
* Inventory Lists
( - for those selling goods and having inventories in their financial statements)
Filing of Inventory List shall be submitted every 30th day following the close of the taxable year. This is usually filed on or before January 3 to 30.
*Loose-leaf Books of Accounts
Deadline of submission of hardbound is on or before January 15 of the next calendar year.
*Lessee Information Statement (reported twice a year) ( - for lessors of commercial spaces)
# Tenants as of December 31 of the previous year - reports due every 31st of January (January 1-31)
# Tenants as of June 30 of the current year - reports due every 31st of July (July 1-31)
Taxpayer Bill of Rights:
https://www.bir.gov.ph/images/bir_files/public_information_and_education/taxpayer_bill_of_rights/Taxpayer-Bill-of-Rights-2018.pdf
*** Be BIR-compliant, and enjoy having peace of mind. ***
