The Bureau of Internal Revenue (BIR) requires all Large Taxpayers in the Philippines to use a BIR Accounting System or Computerized Accounting System or CAS for an accurate, secure and…
First, let us talk about Loose Leaf Bookkeeping. This is one of the Bureau of Internal Revenue’s (BIR) prescribed way of recording books of accounts. One of the commonly used…
First, what is BIR Form 2316? It is the Certificate of Compensation Payment or Income Tax Withheld. Employers are required to withhold taxes from employee’s salary based on the latest…
Certificate of Creditable Tax Withheld At Source or commonly known as BIR Form 2307 displays the income subjected to expanded withholding tax paid by the withholding agent. In the Books…
BIR Form 1601-EQ is the Quarterly Remittance Return of Creditable Income Taxes Withheld (Expanded) for every third month of each taxable year. BRIEF BACKGROUND The Bureau of Internal Revenue (BIR)…
