Income Tax Filing na naman sa April 15, 2023 dapat January pa lang o simula ng bagong taon na-markahan na sa kalendaryo ang petsang ito, at dapat hanggat maaga makapag-file tayo ng ating ITR o Income Tax Returns.
We should avoid yun habit na kung kailan deadline na saka dumadagsa ang mga tao sa BIR to file their ITR. Naku ito pa, ngayong 2023, ang last day of filing ng ITR ay April 17, 2023. pumatak na Sabado ang April 15, at syempre extended ang filing, at karamihan ikinatutuwa ang ganyang mga extension.
We all know that everyone who has earnings during the year needs to file an Income Tax Returns which includes employed individuals, self employed and yun mga kompanya. Kaya marami talaga ang pumupunta sa BIR lalo kung malapit na ang deadline and even more sa mismong deadline.
Even the BIR has implemented several ways of ITR filing like the SUBSTITUTED filing, EFPS and ebirforms to speed up the filing of ITR, still peoples crowds in almost all RDO's nationwide.
Why?
The main reason is that the ITR including its attachments has to be stamped RECEIVED by the BIR to make it official, authentic and reliable for other users like the SEC, banks and other interested party.
Siguro sometimes may fault din tayo, because many of us nakaugalian na yun "MANYANA" habit o saka na..
Karamihan pa niyan, kung kailan deadline saka pa may kailangan ipa-notaryo, ise-xerox, bibili ng docs stamp at syempre habang nasa pila magdidikit pa ng docs stamp at kung mamalasin pa pagdating sa receiving window REJECT ang submission because of missing or lacking documents.
We should avoid the same situations mentioned above, let us be more organized, dapat sa preparation pa lang ng ITR , we should ensure that the content of the ITR can be traced from the source, the books of accounts. Good accounting and audit practices been done and sufficient documentations was prepared and attached to the ITR as required.
Everyone who earns by doing jobs or business is liable to pay income tax and file a tax return on time provided for by the tax code. Failure to do so incurs penalty.
Except for employed individuals who earns purely compensation from jobs and their supposed to be income tax due were withheld and remitted in advance to the BIR, this type of taxpayers are given withholding tax certificate (BIR Form 2316) that can be as good as ITR already; as such they are no longer required to file the ITR provided that correct amount of tax was deducted from their salary and the same were remitted to the BIR, and;
Minimum wage earners - MWE who are exempted from paying income tax are not bothered about ITR filing, simply because exempted nga sila.
Who really are required to file income tax returns and pay income tax due on or before April 15, deadline every year?
- Working individuals who have other sources of income on top of their regular job or those who had multiple employers during the year and that all their earnings from various employers needs to be consolidated into an ITR. Example is an employee who have multiple employers and at the same time running a personal business.
- Self-employed are actually business owners who utilizes capital in order to profit, and income from business is subject to income tax. Recording of business transactions and accounting is necessary to accurately calculate taxable income.
- A Company in the form of partnership and corporation. These are legal entities formed by means of laws. They are classified as non-individual taxpayers with more complicated tax and reportorial compliances than individual taxpayers. Because this type of taxpayers employs people to do the bookkeeping, accounting and audit, and even lawyers are hired whose task is to determine and express tax implications and ensure tax compliances are in accordance with the tax code.
Most of the time the reason for delay in filing the ITR is the essence of time, it seems that the three (3) months after the end of a taxable year isn't enough. Let's be honest among ourselves di kaya napapa-petiks-petiks talaga tayo habang hindi pa deadline? Bato bato sa langit ang tamaan ay ngumiti na lang.
No comments:
Post a Comment