Tax Deadline December 30, 2024: Key Dates and Requirements

As the year-end approaches, it's crucial to stay informed about the upcoming tax deadlines to ensure compliance and avoid penalties. The Bureau of Internal Revenue (BIR) has set December 30, 2024, as a significant date for various tax-related submissions and payments. Here’s a comprehensive guide to help you navigate these requirements.

Online Registration (Thru ORUS)

• Computerized Books of Accounts and Other Accounting Records: Ensure that your computerized books of accounts and other accounting records for the fiscal year ending November 30, 2024, are registered online through the Online Registration and Update System (ORUS).

Submission Requirements

• Soft Copy of Computerized Books: Submit a soft copy of your computerized books of accounts and other accounting records for the fiscal year ending November 30, 2024.

• Proof of eFiled BIR Form 1702: Provide proof of eFiled BIR Form 1702 – RT/EX/MX with audited financial statements (AFS), 1709 (if applicable), and other attachments through Electronic Audited Financial Statements (eAFS) or manually for the fiscal year ending August 31, 2024.

• Soft Copies of Inventory List and Schedules: Ensure that soft copies of your inventory list and schedules are stored and saved in DVD-R/USB, properly labeled together with a notarized sworn declaration for the fiscal year ending November 30, 2024.

e-Filing/Filing & e-Payment/Payment

• BIR Form 1702Q: File BIR Form 1702Q (Quarterly Income Tax Return for Corporations, Partnerships, and Other Non-Individual Taxpayers) and the summary alphalist of withholding taxes (SAWT) for the fiscal quarter ending October 31, 2024.

e-Submission

• Quarterly Summary List: Submit the quarterly summary list of sales/purchases/importations by VAT registered taxpayers through eFPS filers for the fiscal quarter ending November 30, 2024.

Conclusion Staying on top of these deadlines and requirements is essential for maintaining compliance with the BIR. Mark your calendars for December 30, 2024, and ensure all necessary documents and payments are submitted on time. For more information, visit the BIR website or contact their support services.

Reference: Tax Deadline: December 30, 2024