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How to Compromise Deficiency Instantly Company has already closed down Do not ignore BIR letters

0 ViewsĀ· 11/26/23
Aryel Narvasa
Aryel Narvasa
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Here are the steps on how to compromise tax obligations from prior years in the Philippines:

File an application for compromise. You can file an application for compromise with the Commissioner of Internal Revenue (CIR) through the BIR office where you are registered. The application must be in writing and must include the following information:

Your name, address, and taxpayer identification number (TIN)
The amount of tax that you are willing to compromise
The reason why you are requesting for a compromise
Any supporting documents that you may have, such as financial statements or proof of financial hardship
Pay the compromise amount. Once your application is approved, you will be required to pay the compromise amount. The payment can be made in cash, check, or money order.

Sign a waiver of bank secrecy. In order for the CIR to verify your financial capacity, you will be required to sign a waiver of bank secrecy. This means that the CIR will be able to access your bank records to see if you have the ability to pay the tax liability.

Receive a Certificate of Compromise. Once you have paid the compromise amount and signed the waiver of bank secrecy, you will be issued a Certificate of Compromise. This certificate will serve as proof that your tax liability has been compromised.

It is important to note that the CIR has the discretion to approve or deny your application for compromise. If your application is denied, you will still be liable for the full amount of tax.

Here are some tips to avoid tax troubles in the future:

File your tax returns on time.
Pay your taxes in full.
Keep accurate records of your income and expenses.
Be honest with the CIR.
If you have any questions about your tax obligations, you should consult with a TaxSpecialista.

šŸ¤HOW TO BECOME A MEMBER OF TAXSPECIALISTA-COMMUNITY
https://www.youtube.com/channe....l/UCL-Q5vnEsv8tA_acF
Benefits for

šŸ¤SuperFan members
https://drive.google.com/drive..../folders/1Q9su0WqPw0
šŸ¤Loyalista members
https://drive.google.com/drive..../folders/1I-ZGIeqqm9
šŸ¤Bossing members https://drive.google.com/drive..../folders/18hNj3raWFy

šŸ¤HOW TO BOOK A CONFIDENTIAL TAX CONSULTATION
https://drive.google.com/file/....d/1MpZv1QW21OnYw3cBp

šŸ¤HOW TO SETTLE TAXSPECIALISTA'S PROFESSIONAL FEE
https://drive.google.com/file/....d/1tOZRWwceLh5YqJgBf

šŸ¤EMAIL
1. For any tax concerns, feel free to email me at taxspecialista@kataxpayer.com.

šŸ¤MOBILE
1. 0917-144-5999
2. 0928-518-5999
3. 0908-880-7568
4. 0917-307-1316

šŸ¤HOW TO DONATE
https://drive.google.com/file/....d/1z-ssu6DHoSDCd_DzV

šŸ¤IMPORTANT
Read our laws. Comprehend their meanings. Know their immediate and future effects. Apply them timely and consciously. This video explained how you may free yourself from tax ignorance and declare your independence and self-reliance today. For the record, ITS CONTENTS ARE FROM MY PERSONAL BELIEFS AND CONVICTION.

DOWNLOAD IMPORTANT INFO
WHO IS EMELINO T MAESTRO?
https://drive.google.com/file/....d/1Qw8VsHP1Nae3hKU-9

(SYLLABUS) TAX BOOKKEEPING FOR BIR COMPLIANCE
https://drive.google.com/file/....d/1o89yVg87vEnG038O_

RR V-1 Tax Bookkeeping Regulations
https://drive.google.com/file/....d/1iiQE-JI7tcKI0b3yK

RMO 15-95 Tax Fraud Audit Guidelines
https://drive.google.com/file/....d/1noMKraWBlgC7xmoIJ

RAMO 1-2020 General Audit Guidelines
https://drive.google.com/file/....d/1t7ZQoGgEprl5l5c9L

RAMO 1-2022 VAT Audit Guidelines
https://drive.google.com/file/....d/1oCrpDXmbv9a_EX9dj

BIR FORM 2110
https://drive.google.com/file/....d/1RWmdUhyoTItsT-VsC

BIR FORM 2107
https://drive.google.com/file/....d/1v-2jKXcfZG4B64FgV

DEBIT, CREDIT: DISCUSSING COMPLIANCE FROM TWO DIFFERENT SIDES
https://drive.google.com/file/....d/1Y1g4JV1r3PXLaK6_B

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