BIR wants public to use e-filing
TUESDAY, 09 AUGUST 2011 19:05 PIA
BUREAU of Internal Revenue (BIR) Deputy Commissioner Celia King encouraged taxpayers to enroll in the Electronic Filing and Payment System (eFPS) which allows taxpayers to file tax returns and pay taxes online.
In dzRB Radyo ng Bayan’s Talking Points program, King said the eFPs is mandatory to large taxpayers and BIR offices, but that it could also be used by private individuals. According to the BIR website, the eFPS is a system that the BIR created for filing tax returns, including attachments, and paying taxes through the Internet.
All qualified taxpayers can use the system in filing and paying their taxes through e-filing or electronically filing returns and e-payment, electronically paying a tax liability online through the banking facilities of authorized agent banks.
A filing reference number generated by the system will be given to the payer to serve as proof for each successful filing transaction.
As an added bonus, the deadline for e-filing of tax returns is five days later than the one set for manually filing tax returns. However, the five-day extension will not apply to certain returns whose deadlines are set by law. For example, the deadline for the Quarterly VAT Return is set by section 114 (A) of the National Internal Revenue Code of 1997 as within 25 days following the close of each taxable quarter prescribed for each taxpayer.
Currently, the users of the eFPS are large taxpayers, local government units, volunteering BIR national office employees, top 20,000 companies, bidders, bank borrowers, stockbrokers, and volunteering taxpayers, among others.
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CARLOS ANI - SEEDFINANCE Corporation - http://www.seedfinance.net
Email: carlosani@seedfinance.net
Landline: +63495010127 Cellphone: +639152919580
DEVJOBS - http://www.devjobsmail.com
PHILDEVFINANCE - http://phildevfinance.posterous.com http://phildevfinance.wordpress.com
CONSULTING - http://www.carlosani.com
My Clippings - http://www.myclipps.posterous.com
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