This is to remind to all taxpayers for both Electronic Filing and Payment System (eFPS) and manual filers to file and pay their Annual Income Tax Return and the amount tax due for Calendar Year ending December 31, 2012 and other returns as prescribed by the Tax Code due on April 15, 2013 to avoid penalties such as a surcharge of twenty five percent (25%) for failure to file any return and pay the amount of tax or installment due on or before the due dates and others as required by the tax code; a surcharge of fifty percent (50%) of the basic tax due of the deficiency tax be imposed in case of willful neglect to file the return within the period prescribed by the Tax code and/or by rules and regulations or in case a false or fraudulent return is filed; interest at the rate of twenty percent (20%) per annum on any unpaid amount of tax, from the date prescribed for the payment until it is fully paid and compromise penalty, pursuant to existing/applicable revenue issuances.
All business establishments are required to file any return and pay the amount tax due even if the company is no operation for applicable taxable year whatever is applicable to avoid penalties as prescribed by the Tax Code.
For eFPS Taxpayer, the return shall be e-filed and the tax shall be e-paid using the eFPS facilities thru the BIR website http://www.bir.gov.ph.
For Non-eFPS Taxpayer, the return shall be filed and the tax shall be paid with any Authorized Agent bank (AAB) where the taxpayer’s principal office is registered or to concerned Revenue Collection Officer (RCO) under the jurisdiction of the RDO.
If “No Payment Returns” the same shall be filed with the RDO where the taxpayer’s principal office is registered or with the concerned RCO under the same RDO.