Filing

Question 0

Individual, business/profession income

Answer 0

Quarterly filing, cumulating

Apr 15, 14 - 1st 3mos
Aug 15, 14 - 1st 6mos
Nov 15, 14 - 1st 9mos
Apr 15, 15 - annual itr

Question 1

Employee (fixed earner), comp income

Unless only 1 Er and that Er withholds and files for him

Answer 1

Annual itr, Apr 15 next year

Question 2

Installment payment for bus/pro indvlst

Answer 2

1. when quarterly return is filed (eg apr15)
2. After 3 mos (eg july 15)

Only when…
Must be 2t or more
Dapat di late

Question 3

Corporations

Answer 3

1st 3mos - w/in 60d from qtr close
1st 6
1st 9
Annual itr - 15th day of 4thm after close of year

(No date bec pwede sya fiscal year. Indvls pwede lang calendary yr e)

Question 4

Corporation installment pay

Answer 4

No right actually, but can request! If granted…

4 equal monthly installments, first payment at filing

With interest for next payments: (eg 1M tax payable, at Apr 15)

• apr15 = 250k
• may15 = 250k + 750x20%x1/12
• jun15 = 250 + 500x20x1/12
• jul15 = 250 + 250x20x1/12

Question 5

BIR Assessment (with not fraud ITR)

Answer 5

3 yrs from due or filing (wcever is later)

Question 6

BIR Assessment (fraud ITR)

Answer 6

10yrs from fraud discovery

Question 7

BIR Assessment (w/o ITR)

Answer 7

10yrs from discovery of omission (ie fact that not paying)

Question 8

BIR demand for collection (w/o Assessment)

Answer 8

3 yrs from ITR due or filed (later)

Question 9

BIR demand for collection ( w/ assessment)

Answer 9

5 yrs from date of assessment