VIRAC, Catanduanes, March 20, (PIA) - The Bureau of Internal Revenue (BIR) has requested all its authorized agent banks (AABs) to open and facilitate transactions on two consecutive Saturdays of April, 2014 to accept tax returns and payments to beef up the bureaus' tax collection efficiency program.
Pursuant to Bank Bulletin 2014-08 issued by Internal Revenue Commissioner Kim Jacinto-Henares, all AABs are directed to undertake interim measures from April 1 to 15, that is, extension of banking hours for tax payments; and assignment of additional personnel and opening of additional counters to ensure servicing of all taxpayers.
The extended banking hours shall be up to 5 p.m. for the period of April 1 to 15, and payments made every Saturday shall be deemed as payment made the following working day.
According to BIR Catanduanes Revenue District Office chief Arturo D. Abenoja, Jr., the Development Bank of the Philippines (DBP) and Land Bank of the Philippines (LBP) are the AABs in the province.
BIR also reminded concerned that out-of-district filing of income tax returns by army and police personnel as well as teachers is no longer allowed pursuant to Revenue Memorandum Circular No. 15-2014 stating that the filing of the Annual Income Tax Returns (BIR Form Nos. 1700 and 1701) as well as the payment of taxes due thereon, anywhere by members of the Armed Forces of the Philippines (AFP) and the Philippine National Police (PNP) as well as public school teachers, instructors and professors are no longer allowed.
Revenue Memorandum Circular 29-2013 provided that out-of-district filing with or without payment for CY 2013 and the year thereafter of the aforesaid government officials and employees shall no longer be allowed. Their government employers, as withholding agents, should withhold the correct amount of tax on compensation of the said government officials and employees, and that the taxes withheld should be accordingly remitted on time to the BIR.
The concerned employers are still liable to the fines and penalties imposed for not withholding the correct amount of withholding tax from their income payments to these government officials and employees pursuant to the provision of RR No. 2-98 as amended.
The same circular states that out-of-district returns filed by taxpayers and/or received by BIR personal and agent banks shall constitute prima facie evidence that such returns are fraudulent or spurious. (MALEAB/FOG/PIA5)
Pursuant to Bank Bulletin 2014-08 issued by Internal Revenue Commissioner Kim Jacinto-Henares, all AABs are directed to undertake interim measures from April 1 to 15, that is, extension of banking hours for tax payments; and assignment of additional personnel and opening of additional counters to ensure servicing of all taxpayers.
The extended banking hours shall be up to 5 p.m. for the period of April 1 to 15, and payments made every Saturday shall be deemed as payment made the following working day.
According to BIR Catanduanes Revenue District Office chief Arturo D. Abenoja, Jr., the Development Bank of the Philippines (DBP) and Land Bank of the Philippines (LBP) are the AABs in the province.
BIR also reminded concerned that out-of-district filing of income tax returns by army and police personnel as well as teachers is no longer allowed pursuant to Revenue Memorandum Circular No. 15-2014 stating that the filing of the Annual Income Tax Returns (BIR Form Nos. 1700 and 1701) as well as the payment of taxes due thereon, anywhere by members of the Armed Forces of the Philippines (AFP) and the Philippine National Police (PNP) as well as public school teachers, instructors and professors are no longer allowed.
Revenue Memorandum Circular 29-2013 provided that out-of-district filing with or without payment for CY 2013 and the year thereafter of the aforesaid government officials and employees shall no longer be allowed. Their government employers, as withholding agents, should withhold the correct amount of tax on compensation of the said government officials and employees, and that the taxes withheld should be accordingly remitted on time to the BIR.
The concerned employers are still liable to the fines and penalties imposed for not withholding the correct amount of withholding tax from their income payments to these government officials and employees pursuant to the provision of RR No. 2-98 as amended.
The same circular states that out-of-district returns filed by taxpayers and/or received by BIR personal and agent banks shall constitute prima facie evidence that such returns are fraudulent or spurious. (MALEAB/FOG/PIA5)
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