Manila, March 24 -- With the deadline for annual income tax returns less than a month away, Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. on Monday reminded self-employed individuals and online sellers to file their annual income tax returns (ITRs).
The deadline for the annual filing of ITRs is on April 15.
Speaking in Filipino in a Facebook video, Lumagui said those engaged in online selling and those operating a sole proprietorship, where the business is registered under an individual's name rather than a corporation are required to file their annual ITRs using BIR Form 1701.
For those whose annual sales exceed PHP3 million, they must also submit an Auditor's Report and Financial Statements prepared and signed by an...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.