BIR Tax Filing and Payment Extension

(For Philippine Tax Filers)

In my previous post, I mentioned about web traffic for the e-filers. And today it happened. The BIR's eFPS (Electronic Filing and Payment System) encountered technical problems.

This posed a problem to those who waited for the last hour to file their returns and pay their taxes electronically. They have to file and pay manually, type the returns and issue checks. Plus they have to do it within the banking hours.

Good thing the BIR noticed the problem and immediately issued RMC 32-2008: "Permission and Extension of Deadline for the Manual Filing of Tax Returns of Taxpayers Enrolled in eFPS Due to Technical Problems Encountered in the eFPS environment.

Highlights are the following:

1. Manual filing for tax retuns due for filing and taxes due for payment on or before April 15, 2008 by all eFPS-enrolled taxpayers.

2. Prescribed attachments are still due for submission within fifteen days from April 15, 2008

3. Filing and payment is extended until April 17, 2008.

Take note that the extension are only for those eFPS-enrolled taxpayers. If you are filing manually, deadline is today. And if you had not done so, expect penalties, interests and surcharges.

Taxes, Filing, Payment and Rebates

Tomorrow, April 15, is the deadline for tax filing and payment for the calendar year 2007. For those e-filers, it will be traffic in the web. You'd wished you had filed a month earlier.

In the past, employees are required to file ITR. Now, only the mixed earners are required. If you are earning purely on compensation, then you are not required to file. The BIR form 2316 employers give to the employee would suffice.

Are online earnings taxable? In the strictest sense, it is. There isn't any guideline on this yet. Maybe in the future. I think there is a sponsored post company that requires you to give your TIN if you from the US. It is most probably for tax purposes. They withhold something for tax and remit it to the IRS.

Many US tax filers get rebates. Good for them. We don't have that in RP, and if there is, it's a long process. Consider it a donation.

And speaking of taxes, I didn't know there is a "tax" in the advert sales and purchases in Entrecard. I only know about it late last week. What is it for?