BIR Tax Filing and Payment Deadlines (Income Taxes)

Mar 20, 2011 by at Law & Government, Taxation

BIR Tax Filing and Payment Deadlines (Income Taxes)

People need money to finance their cost of living (i.e., food, clothing, medicine, education, leisure, et cetera). Thus, they strive and work hard to earn such money to cover those expenses. However, in almost every country, especially the Philippines, tax is inherent. Income tax is a burden that must be paid by every person or entities who earn income that are taxable according to the National Internal Revenue Code (NIRC). We have previously discussed how to prepare, compute and file income tax for individuals and partnerships or corporations. Now we should ensure that those income tax returns and declarations will be filed and paid on or before their due dates  to avoid tax penalties. The following are the deadlines of filing and payment of income taxes with the Bureau of Internal Revenue (BIR), Revenue Collection Officer, Authorized Agent Banks (AAB) or with a duly Authorized City or Municipal Treasurer.

Income Tax Deadlines

A. Individuals

1. Annual Income Tax Returns

a. BIR Form 1700 – Annual Income Tax Return (For Individual Earning Purely Compensation Income Including Non-Business/Non-Profession Related Income):
Deadline: On or before the 15th day of April of each year covering taxable income for the preceding taxable year

b. BIR Form 1701 – Annual Income Tax Return (For Self-Employed Individuals, Estates and Trusts Including Those With Both Business and Compensation Income):
Deadline: Final Adjustment Return or Annual Income Tax Return, on or before the 15th day of April of each year covering income for the preceding year

c. BIR Form 1701 AIF – Account Information Form for Self-Employed Individuals, Estates and Trusts (Including those with Mixed Income, i.e., Compensation Income and Income from Business and/or Practice of Profession) and Estates and Trusts (Engaged in Trade or Business)
Deadline: Same deadline as BIR Form 1701 – On or before the 15th day of April of each year covering taxable income for the preceding year

2. Quarterly Income Tax Return

BIR Form 1701Q – Quarterly Income Tax Return for Self-Employed Individuals, Estates and Trusts (Including those with both Business and Compensation Income):
Deadlines:
April 15 – for the first quarter
August 15 – for the second quarter
November 15 – for the third quarter

B. Corporations and Partnerships

1. Annual Income Tax Return

a. BIR Form 1702 – Annual Income Tax Return (For Corporations and Partnerships):
Deadline: Final Adjustment Return or Annual Income Tax Return – On or before the 15th day of the fourth month following the close of the taxpayer’s taxable year

b. BIR Form 1702 AIF – Account Information Form (For Corporations and Partnerships):
Deadline: Same deadline as BIR Form 1702 – On or before the 15th day of the fourth month following the close of the taxpayer’s taxable year

3. Quarterly Income Tax Return

BIR Form 1702 Q – Quarterly Income Tax Return (For Corporations and Partnerships)
Deadline: Corporate Quarterly Declaration or Quarterly Income Tax Return – On or before the 60th day following the close of each of the quarters of the taxable year.

 

NOTE:

  • Pursuant to Revenue Memorandum Circular No. 6 – 2001, corporations, companies or persons whose gross quarterly sales, earnings, receipts or output exceed P 150,000.00 may not accomplish Annual Information forms for individuals or corporations (BIR Form 1701 AIF or Form 1702 AIF). In lieu thereof, they may file their annual income tax returns accompanied by balance sheets, profit and loss statement, schedules listing income-producing properties and the corresponding income therefrom, and other relevant statements duly certified by an independent CPA.
  • We only included the deadlines of the typical income taxes filed and paid annually and quarterly by individuals and ordinary companies. For more tax information, please visit the BIR official website.
  • New and subsequent BIR rulings, issuances, memorandums and or laws may render the whole or part of the article obsolete or inaccurate.

Victorino Abrugar is a retired CPA practitioner, a blogger, speaker, and an entrepreneur. He's the CEO of Optixor, Inc., a digital marketing company based in the Philippines. Follow him on Twitter at @viclogic.

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7 Comments

  1. rosalinda santos

    saan ko pwede ilagay yun binayaran ko ng 3rd quater 1701Q sa form ng bir 1701 sariling negosyo po. thank po

  2. rosalinda santos

    napaganda po ang naging idea para po makatulong sa mga taong di po nakakaalam kung paano ang gagawin sa BIR form.

  3. When is the deadline of filing of Alpa list 1604-CF and 1604-E

    Thank you. Please reply through my email address

    ERLINDA P. PLAZA

  4. anna

    Question:

    For BPO BIR 1702Q.. if a company has no sales locally, only expenses.. Will they also file 1702Q?

    Also.. Is it right that only after 3 years from the date the company established, they will file 1702Q? Hope u can enlighten me.

    Thanks in advance.

    • poupon

      Companies registered locally with SEC are required to file their income tax return.
      How can you justify the source of funds you use for expenses then?
      The 3 years i know is the allowed time they can start using MCIT. MCIT (2% of gross sales) or regular tax (32% of net income subject to tax) whichever is higher.

  5. jovelyn

    mali po kc ung mga naisulat ko sa libro ng bir panu ko po un maitatama, pwede po n akong gumamit ng ibang libro pra maiayos ung mga dpat ilgay?

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