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Philippine Taxation > Forms > Flashcards

Forms Flashcards

1
Q

Capital Gains Tax Return - Domestic Stocks

A

1707 - 30 days

1707 A - 15th day of 4th month EOY

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2
Q

Capital Gains Tax Return - Real Property Classified as Capital Asset

A

1706 - 30 days

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3
Q

(Stock transaction tax)
Percentage Tax Return for Transactions Involving Shares of Stock Listed and Traded Through The Local Stock Exchange or Through Initial and/or Secondary Public Offering

A

2552 - Within 5 banking days

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4
Q

Quarterly Percentage Tax Return

A

2551Q - within twenty-five days after the end of each taxable quarter.

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5
Q

Monthly VAT return

A

2550M - Not later than the 20th day following the end of each month

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6
Q

Quarterly VAT return

A

2550Q - Within twenty five (25) days following the close of the taxable quarter. 2550Q

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7
Q

VAT return is filed in ____ copies

A

triplicate copies

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8
Q

Who are required to file eFPS?

A

1) TAMP taxpayers: Top taxpayers in the region
2) Accredited importers reqd ICC’s & BCCs
3) National Government Agencies
4) Licensed local contractors
5) Enterprises enjoying fiscal incentives (PEZA-reg, BOI-reg..)
6) Top 5,000 individual taxpayers
7) Top 20,000 private corporations
8) Corporations with paid-up capital P10million and above
9) Corporations with complete computerized systems
10) Govt offices on VAT withheld and business tax
11) Government bidders
12) Large taxpayers
13) Stock brokers duly registered with SEC

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9
Q

Who are mandated to use eBIR Forms?

A

1) Accredited tax agents
2) Accredited printers of principal & supplementary receipts
3) Those who file a “No Payment Return”
4) GOCC’s
5) LGUs
6) Cooperatives reg. w NEA, LWUA
except: CGT return, Donor’s tax return, DST declaration

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10
Q

RA9505

A

PERA Act of 2008

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11
Q

This form is to be accomplished every time a taxpayer pays taxes and fees which do not require the use of a tax return such as second installment payment for income tax, deficiency tax, delinquency tax, registration fees, penalties, advance payments, deposits, installment payments, etc.

A

BIR Form No. 0605 Payment Form

Filing Date

This form shall be accomplished:
1 Every time a tax payment or penalty is due or an advance payment is made;
2. Upon receipt of a demand letter / assessment notice and/or collection letter from the BIR; and
3. Upon payment of annual registration fee for a new business and for renewals on or before January 31 of every year.

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12
Q

This form shall be used by any person, natural or juridical, including estates and trusts, who are issued Letter Notices generated through the following third-party information (TPI)data matching programs:

  1. Reconciliation of Listings for Enforcement (RELIEF)/Bureau of Customs (BOC) Data Program; and
  2. Tax Reconciliation Systems (TRS).
A

BIR Form No. 0611-A Payment Form Covered by a Letter Notice

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13
Q

This form shall be used in paying penalties assessed under the Tax Compliance Verification Drive/Tax Mapping.

A

BIR Form No. 0613 Payment Form Under Tax Compliance Verification Drive/Tax Mapping
Description

Filing Date

This form shall be accomplished everytime a penalty is due.

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14
Q

This monthly remittance form shall be filed in triplicate by every withholding agent/payor required to deduct and withhold taxes on income payments subject to Expanded/Creditable Withholding Taxes.

A

BIR Form No. 0619-E Monthly Remittance Form for Creditable Income Taxes Withheld (Expanded)

Manual Filers

This form shall be filed and the tax remitted on or before the 10th day following the month in which withholding was made. This shall be filed for the first two (2) months of each calendar quarter.

eFPS Filers

In accordance with the schedule set forth in RR No. 26-2002 as follows:

Group A:Fifteen (15) days following the month in which withholding was made

Group B: Fourteen (14) days following the month in which withholding was made

Group C: Thirteen (13) days following the month in which withholding was made

Group D: Twelve (12) days following the month in which withholding was made

Group E: Eleven (11) days following the month in which withholding was made

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15
Q

This monthly remittance form shall be filed in triplicate by every withholding agent/payor required to deduct and withhold taxes on income payments subject to Final Withholding Taxes.

A

BIR Form No. 0619-F Monthly Remittance Form for Final Income Taxes Withheld
Description

Manual Filers

This form shall be filed and the tax remitted on or before the 10th day following the month in which withholding was made. This shall be filed for the first two (2) months of each calendar quarter.

eFPS Filers

In accordance with the schedule set forth in RR No. 26-2002 as follows:

Group A:Fifteen (15) days following the month in which withholding was made

Group B: Fourteen (14) days following the month in which withholding was made

Group C: Thirteen (13) days following the month in which withholding was made

Group D: Twelve (12) days following the month in which withholding was made

Group E: Eleven (11) days following the month in which withholding was made

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16
Q

This return shall be filed in triplicate by all banks which withheld the final withholding tax of 6% from the deposit account of the decedent.

A

BIR Form No. 0620 Monthly Remittance Form of Tax Withheld on the Amount Withdrawn from the Decedent’s Deposit Account

Filing Date

The monthly remittance form shall be filed and the tax shall be remitted to the BIR on or before the 10th day following the month when the withholding was made.

17
Q

This return shall be filed in triplicate by the following:

  1. All government offices, bureaus, agencies or instrumentalities, local government units, government owned or controlled corporations relative to the money payments made to private individuals, corporations, partnerships, associations and other juridical/artificial entities as required under RA Nos. 1051, 7649, 8241, 8424, 9238, 9337, 10001, 10378 and 10963.
  2. Private withholding agents making payments to non-residents subject to value-added tax.
A

BIR Form No. 1600-VT Monthly Remittance Return of Value-Added Tax Withheld

Filing Date

The withholding tax remittance return shall be filed and the tax paid on or before the tenth (10th) day of the month following the month in which withholding was made.

18
Q

This return shall be filed in triplicate by the following:

  1. All government offices, bureaus, agencies or instrumentalities, local government units and government owned or controlled corporations relative to the money payments made to individuals, corporations, partnerships, associations and other juridical/aftificial entities as required under RA Nos. 1051, 7649, 8241, 8424, 9238, 9337, 10001, 10378 and 10963.
  2. Payors to persons, natural or juridical, subject to percentage tax under Sec. 116 of the Tax Code, (ATC 082 & 084), if the taxpayer-payee opts to remit his percentage tax through the withholding and remittance of the same by the withholding agent-payor which option is manifested by filing the “Notice of Availment of the Option to Pay the Tax through the Withholding Process”, copy-furnished the withholding agent-payor and the Revenue District Offices of both the payor and payee.
A

BIR Form No. 1600-PT Monthly Remittance Return of Other Percentage Taxes Withheld

Filing Date

The withholding tax remittance return shall be filed and the tax paid on or before the tenth (10th) day of the month following the month in which withholding was made.

19
Q

This return shall be in filed in triplicate by operators of race tracks for remittance of withholding of percentage tax on race horse prizes and winnings on horse racing bets.

A

BIR Form No. 1600-WP Remittance Return of Percentage Tax on Winnings and Prizes Withheld by Race Track Operators

20
Q

This return shall be filed in triplicate by every Withholding Agent (WA)/payor required to deduct and withhold taxes on compensation paid to employees.

A

BIR Form No. 1601-C Monthly Remittance Return of Income Taxes Withheld on Compensation

21
Q

RA 10708

A

Tax Incentives Management and Transparency Act

RBE’s availing of incentives administered by Investment Promotion Agencies shall file with their respective IPAs an Annual Tax Incentives Report within 30 days from the statutory deadline of filing of the Final Adjustment Return for Income Tax and payment of tax due thereon, if any.

22
Q

When is a return deemed filed?

A

After a filing reference number is generated and issued to the taxpayer via the eFPS

23
Q

When is a tax due deemed paid?

A

After a confirmation number is issued by the AAB to the taxpayer and the BIR.

24
Q

Donor’s Tax Return

A

1800

25
Q

Estate Tax Return

A

1801

26
Q

DST Declaration/Return for One-Time Transactions

A

2000-OT

27
Q

Who can manually file their “No Payment Returns”?

A

1) Senior Citizens & PWDs filing their own returns
2) Employees deriving purely compensation income, regardless of the number of employers, where the income tax has been withheld correctly, but whose spouse is not entitled to substituted filing
3) Employees qualified for substituted filing who opt to file an ITR for purposes of promotion, loans, scholarship, foreign travel requirements, etc.

28
Q

The general rule is that no court shall have the authority to grant an injunction to restrain the collection of any national internal revenue tax, fee, or charge imposed by the Tax Code.

The exceptions are when:

A

The CTA can grant a TRO/injunction when:

1) Collection of the tax may jeopardize the interest of the government / taxpayer
2) The amount claimed is deposited with the court, or a surety bond for not more than double the amount of the tax is filed with the court and
3) The appeal is not frivolous nor dilatory

29
Q

IAET Return

A

BIR Form 1704 - Within 15 days after the close of the taxable year

30
Q

Form for the 15% BPRT

A

Same forms filed for the monthly remittance of final taxes, for the quarterly remittance of final taxes and the annual information return for FWTs/

31
Q

Form 2316

A

Tax Withheld from Compensation

32
Q

2307

A

Cert. Of Creditable Tax Withheld at Source

Philippine Taxation (17 decks)

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