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BIR Form 1601EQ, Filling Up Correctly

0 Views· 11/26/23
Aryel Narvasa
Aryel Narvasa

This video explains the two (2) important documents which will guaranty that you will no longer receive an additional deficiency tax assessment from the BIR. Thanks for sharing this video to others.☎️☎️☎️☎️☎️☎️
Call 02-9216107 to know when and where the Free Tax Event (No Fee to Be Collected) about BIR Open Cases Specialista and BIR Lifestyle Checking Specialista will be held near your place while availing the Buy Book Policy, you may attend (for free) the BIR Tax Mapping Specialista so that you will no longer close shop whenever the BIR Tax Mapping Operations are on-going in your area. Bonus: ETM will protect you from BIR Tax Mapping's harassment, abuse and harm. JUST ATTEND THE BIR TAX MAPPING SPECIALISTA EVENT AND GET THE ETM-PROTECTION FOR 12-MONTH PERIOD. (Comment now the place where you want ETM to conduct the above and important TAX EVENTS). Email him at TaxMappingApps@gmail.com
Returns and Payment of Taxes Withheld at Source.
(A)Manner, Venue and Time of Filing of Withholding Tax Returns and Payment
of Taxes Withheld at Source - Taxpayers mandated to electronically file and pay
shall use the BIR’s electronic system, while those not mandated has the option to
either use the said electronic system, or file with the Authorized Agent Banks
(AABs) under the jurisdiction of the Revenue District Office where they are
registered. Withholding agents located at municipalities where there is no AAB,
the returns shall be filed with the Revenue Collection Officer assigned in the said
municipality. The filing of the withholding tax returns (BIR Form No. 1601EQ for
creditable withholding tax and Form Nos. 1602 for final tax on interest on bank
deposits, 1603 for final tax withheld on fringe benefits, and 1601FQ for all other
final withholding taxes) and payment of the taxes withheld at source shall be made
not later than the last day of the month following the close of the quarter during
which the withholding was made.
For this purpose, the quarter shall follow the calendar quarter, e.g., for taxes
withheld during the quarter ending March 31, the same shall be remitted by the
withholding agent on or before April 30. The return filed shall be accompanied by
the Quarterly Alphabetical List of Payees (QAP), reflecting the name of income
payees, Taxpayer Identification Number (TIN), the amount of income paid
segregated per month with total for the quarter (all income payments prescribed as
subject to withholding tax under these regulations, whether actually subjected to
withholding tax or not subjected due to exemption), and the total amount of taxes
withheld, if any.
Considering that taxes withheld by the withholding agents are held in trust for the
government and its availability is an imperious necessity to ensure sufficient cash
inflow to the National Treasury, withholding agents shall file BIR Monthly
Remittance Form (BIR Form No. 0619E and/or 0619F) every tenth (10th) day of
the following month when the withholding is made, regardless of the amount
withheld. For withholding agents using EFPS facility, the due date is on the
fifteenth (15th) day of the following month. Withholding agents with zero
remittance are still required to use and file the same form.
In the case of sale of shares of stocks not traded thru a local stock exchange and
sale of real property considered as capital asset, the filing and payment of the tax
due thereon shall be made within thirty (30) days after the sale or disposition using
BIR Form No. 1707 and 1706, respectively. For sale of real property considered as
ordinary asset, the remittance of tax withheld shall be made on or before the tenth
(10th) day following the month of transaction using BIR Form No. 1606.

Joint ventures involving foreign contractors may also be treated as a nontaxable
corporation only if the member foreign contractor is covered by a
special license as contractor by the PCAB of the DTI; and the construction
project is certified by the appropriate Tendering Agency (government office)
that the project is a foreign financed/internationally-funded project and that
international bidding is allowed under the Bilateral Agreement entered into by

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