Key BIR Schedules for January 31, 2025

In the bustling financial world, knowing key deadlines is crucial. As we welcome the new year, the Bureau of Internal Revenue (BIR) has laid out essential schedules for January 31, 2025. Mark your calendars, as these dates are significant for various filings and submissions. Here’s a comprehensive guide to the BIR schedules you need to be aware of.

Distribution Deadlines:

1. BIR Form 2316: All employees must receive their Certificate of Compensation Payment/Tax Withheld for the calendar year 2024. This certificate is critical for tax filing purposes.

Submission Deadlines:

1. Sworn Declaration of Motels & Similar Establishments: This applies to the taxable year 2024.

2. Sworn Statement by Senior Citizens: Senior citizens whose annual income does not exceed the poverty level as determined by NEDA through NSCB must submit this statement for the taxable year 2024.

3. Annual Information by Accredited Tax Agents/Practitioners: To be submitted to RNAB/RRAB for the taxable year 2024.

4. Annual Alphabetical List of Professionals: Professionals issued Professional/Occupational Tax Receipt (PTR/OTR) by LGUs must submit this list for the calendar year ending December 31, 2024.

5. Sworn Certification from International Carriers: Carriers must state that there is no change in the domestic laws of their home country granting income tax exemption to Philippine carriers for the calendar year 2025, for exemptions issued in 2024.

6. Notarized Sworn Declaration by Income Payors/Withholding Agents: This includes a list of payees not subjected to withholding tax for the calendar year 2025.

7. Contract of Lease and Lessee Information Statement: Lessors/sub-lessors of commercial establishments must submit this for the 2nd semester of 2024.

8. Sworn Statement by Mining, Quarry, and Mineral Processing Operators: Applicable for the 2nd semester of 2024.

e-Filing Deadlines:

1. BIR Form 1604-C and 1604-F: Annual Information Return of Income Taxes Withheld on Compensation and Income Payments Subjected to Final Withholding Taxes for the calendar year 2024.

e-Filing/Filing & e-Payment/Payment Deadlines:

1. BIR Form 1601-EQ: Quarterly Remittance Return of Creditable Income Taxes Withheld-Expanded and Quarterly Alphalist of Payees (QAP) for the quarter ending December 31, 2024.

2. BIR Form 1601-FQ: Quarterly Remittance Return of Final Income Taxes Withheld and QAP for the quarter ending December 31, 2024.

3. BIR Form 1602Q: Quarterly Remittance Return of Final Taxes Withheld on Interest Paid on Deposits and Yield on Deposit Substitutes/Trusts for the quarter ending December 31, 2024.

4. BIR Form 1603Q: Quarterly Remittance Return of Final Income Taxes Withheld on Fringe Benefits Paid to Employees Other Than Rank and File for the quarter ending December 31, 2024.

5. BIR Form 1621: Quarterly Remittance Return of Tax Withheld on the Amount Withdrawn from Decedent’s Deposit Account for the quarter ending December 31, 2024.

These schedules are paramount for maintaining compliance and ensuring smooth tax operations. Make sure to keep track of these deadlines to avoid any penalties. Stay informed and prepared for the upcoming tax year.

Reference: BIR Calendar