[REMINDER] 2016 Tax Reminders

Categories: AnnouncementsBusiness UpdatesPolicy News and Updates

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Date: 05 Jan 2016

NEW YEAR TAX REMINDERS DUE DATE
Update on Personal Exemption

  • Submission of documents in relation to newly hired employees and updates on personal exemption

 

January 10, 2016
Registration of Books of Accounts

  • Loose Leaf Books of Accounts
  • Computerized Books of Accounts
January 15, 2016

January 30, 2016

Renewal of Local Business Permits and Licenses January 20, 2016
Annualization of Withholding Taxes of Employees

  • Annual Information Return of Income Taxes Withheld on Compensation (BIR Form 1604-CF) including the alphabetical listing of employees
  • Distribution of Certificates of Compensation Payment/Tax Withheld (BIR Form 2316) to employees
  • Submission of duplicate copy of form 2316 to BIR by the employer-withholding agent (RR 11-2013) 

 

January 31, 2016January 31, 2016

February 28, 2016

Annualization of Expanded Withholding Taxes 

  • Annual Information Return of Income Taxes Withheld on Compensation (BIR Form 1604-E) including the alphabetical listing of payees

 

March 1, 2016
Submission of Inventory List of finished goods, work in process, raw materials, supplies and stock-in trade January 30, 2016
Submission of Tenants Profile January 31, 2016
Submission of List of Regular Suppliers by the Top 5,000/20,000 Individual/Private Corporations including Large Taxpayers for second semester of 2014   January 31, 2016
Payment of Annual Registration Fee January 31, 2016
Annual Tax Certificates 

  • Distribution to payee of Certificate of Income Payment not Subject to Withholding Tax (Excluding Compensation Income) (Form 2304) 
  • Distribution to payee of Certificate of Final Income Tax Withheld (Form 2306)  including qualified employees whose purely compensation income and fringe benefits were subjected to Final Withholding Tax
  • Distribution to employee of Certificate of Compensation Payment/Tax Withheld (Form 2316)
January 31, 2016January 31, 2016

 

January 31, 2016

One comment on “[REMINDER] 2016 Tax Reminders

  1. MARYLIN M GONZALES

    I have taken note of your posted deadlines. Thank you very much.

    I am interested on what tax preparations must i do for employees newly hired by the company just this April 1, 2016.

    Reply

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