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In the Know: BIR VAT Relief

In the Know: BIR VAT Relief What is BIR VAT Relief? The word “Relief” means the Reconciliation of Listings for Enforcement. This supports the third-party information program system of the […]

Summary Listing of Sales and Purchases (SLSP)

Summary Listing of Sales and Purchases (SLSP) The Summary Listing of Sales and Purchases also known as SLSP is one of the documentary requirements that the BIR requires all VAT-registered […]

Need to Know: BIR Form 2550Q (2023)

Need to Know: BIR Form 2550Q (2023) WHAT IS BIR FORM 2550Q? WHO MUST FILE BIR FORM 2550Q? WHEN TO FILE BIR FORM 2550Q? BIR FORM 2550Q SAMPLE Similar to […]

All About BIR Form 2550M

All About BIR Form 2550M WHAT IS BIR FORM 2550M? WHO MUST FILE BIR FORM 2550M? WHEN TO FILE BIR FORM 2550M? BIR FORM 2550M SAMPLE BIR Form 2550M or […]

How to apply for BIR Loose Leaf?

First, let us talk about Loose Leaf Bookkeeping. This is one of the Bureau of Internal Revenue’s (BIR) prescribed way of recording books of accounts. One of the commonly used Loose Leaf Bookkeeping application is

BIR Form 2316 – Employer Filing

First, what is BIR Form 2316? It is the Certificate of Compensation Payment or Income Tax Withheld. Employers are required to withhold taxes from employee’s salary based on the latest TRAIN Law which must reflect in the BIR Form 2316…

All About BIR Form 2307

Certificate of Creditable Tax Withheld At Source or commonly known as BIR Form 2307 displays the income subjected to expanded withholding tax paid by the withholding agent.
In the Books of Accounts, it is accounted for as an asset…

What is BIR Form 1601EQ?

BIR Form 1601-EQ is the Quarterly Remittance Return of Creditable Income Taxes Withheld (Expanded) for every third month of each taxable year.
BRIEF BACKGROUND
The Bureau of Internal Revenue (BIR) issued Revenue Memo…