CDB CPA Accounting & Taxation Services

Advisory from SSS

In case you are having issues with eBIRForms submission, there is a current informing all users that all systems sending email notifications (i.e., eBIRForms, eSubmission, eFPS, etc.) will experience intermittent email delivery due to ongoing fine tuning of upgraded email facility starting October 12, 2023 until further notice.

Source: BIR website

Job opening

From 1% reverts to 3%

Were looking for you!

Documentation Assistant / Messenger

✅Male
✅Atleast College level or graduate of 2 years course
✅with valid drivers license
✅with excellent communication skills
✅ability to manage multiple task within given time frames
✅with knowledge in office work
✅experience in the same field is an advantage

Office located in las pinas city

Email your resume:
[email protected]

The Bureau of Internal Revenue (BIR) has recently issued Revenue Memorandum Circular (RMC) No. 75-2023 extending the deadline for the replacement of Ask for Receipt Notice (ARN) with Notice to Issue Receipt/Invoice (NIRI) under Revenue Memorandum Order (RMO) No. 43-2022.

👉 To secure NIRI, taxpayers shall fill out S1905 - Registration Update Sheet to indicate/update the designated email address of the taxpayer to be used by the BIR in serving orders, notices, letters, communications and other processes;
👉 Failure to secure NIRI until the extended deadline shall be subject to a penalty of not more than ₱1,000 pursuant to Sec. 275 of the Tax Code;
👉 The extended deadline shall be on or before 𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝟯𝟬, 𝟮𝟬𝟮𝟯;
👉 Taxpaying public may report business establishments that do not have NIRI posted through eComplaint OTHERS or Chatbot Revie found on the BIR website.

Source: BIR website

The Regional Tripartite Wages and Productivity Board in the National Capital Region (RTWPB-NCR) issued Wage Order No. NCR-24 dated June 26, 2023 providing an increase of ₱40, bringing the daily minimum wage in NCR from ₱570 to ₱610 for the non-agriculture sector and from ₱533 to ₱573 for the agriculture sector, service and retail establishments employing 15 or less workers, and manufacturing establishments regularly employing less than 10 workers.

The wage order is to take effect after 15 days from its publication, or on July 16, 2023.

Source: RTWPB-NCR and DOLE

👉 The rate of PT shall now revert to three percent (3%) of gross quarterly sales or receipts of the taxpayer;
👉 The rate of MCIT for domestic and resident foreign corporations, including offshore banking units and regional operating headquarters shall now revert to two percent (2%) based on the gross income of such corporations; and
👉 The rate of RCIT for proprietary educational institutions and hospitals which are non-profit shall now revert to ten percent (10%) of their taxable income.

Source: BIR website

The Bureau of Internal Revenue (BIR) has recently issued Revenue Memorandum Circular (RMC) No. 60-2023 circularizing the availability of the enhanced BIR registration forms relative to the implementation of Ease of Doing Business and Efficient Government Service Delivery Act of 2018.
The revised forms consists of the following:
👉 BIR Form 1901 - Application for Registration of Self-Employed, Mixed Income Individuals, Non-Resident Aliens Engaged in Trade/Business, Estates and Trusts
👉 BIR Form 1902 - Application for Registration of Individuals Earning Purely Compensation Income
👉 BIR Form 1903 - Application for Registration of Corporations, Partnerships, including Government Agencies and Instrumentalities, Local Government Units, Cooperatives and Associations
👉 BIR Form 1904 - Application for Registration for Taxpayers and Persons Registering under EO 98
👉 BIR Form 1905 - Application for Registration Information Update/Correction/Cancellation

Source: BIR website

👉 Individual eFPS taxpayers are advised to file their first quarterly ITR for the first quarter of 2023 using the BIR Form No. 1701Q found on eBIRForms version 7.9.4.
👉 Payments for the individual quarterly income tax shall be made using the provided online payment platforms.
👉 A separate RMC will be issued as soon as the individual income tax rates for the eFPS version of BIR Form No. 1701Q have been updated.

Source: BIR website

The BIR has recently issued Revenue Memorandum Circular (RMC) No. 52-2023 providing the guidelines on the optional filing and payment of monthly VAT returns using BIR Form No. 2550M for VAT-registered taxpayers.
👉 No penalties shall arise if the taxpayer opts from switching to monthly/quarterly VAT filings and vice versa;
👉 All relevant procedures and guidelines in the use of BIR Form No. 2550M shall continue to apply, except that there is no prescribed deadline for the filing of such form.

We are hiring, We need 2 accounting assistant.