Tax Alerts
P&A Tax Alerts are intended to keep our clients up to date with significant tax developments.
The Bureau of Internal Revenue (BIR) has issued a primer on BIR Form 1701 ( Annual income tax return for Individuals engaged in trade or business and practice of profession) and BIR Form 1702 (Annual income tax return for corporations, partnerships . . . Read More »»
The Bureau of Internal Revenue (BIR) has issued the following guidelines in the filing of income tax returns (ITR) - BIR Forms 1702 (for corporations and partnerships), 1700 (for individuals earning purely compensation income), and 1701 . . . Read More »»
The Bureau of Internal Revenue (BIR) has identified the taxpayers who are candidates for priority tax audit and investigation by Revenue District Offices (RDOs). On top of the list of candidates for audit are professionals and sole proprie . . . Read More »»
The Bureau of Internal Revenue has posted in its website (http://www.bir.gov.ph/birforms/form_itr.htm#1702) a one page mandatory attachment to the 2012 corporate ITR requiring a breakdown of the regular itemized deductions claimed in their inc . . . Read More »»