Category: Blog

Subject: Deadline for EFPS/ e-FILING/FILING & e-PAYMENT/PAYMENT for Quarterly and Monthly Tax Returns

e-FILING/FILING & e-PAYMENT/PAYMENT for 1702Q/2550Q and other Quarterly Payments is/are due on the deadline set by the BIR. There is no extension even if EFPS filer. In the case of quarter ending September 30, 2019 (calendar year) 1702 RT, MX & EX by Corporations, Partnerships and Other Non-Individual Taxpayer together w/ the required applicable attachments E-Payment [...]

Subject: BIR Form 2307/Expanded Withholding Tax/Certificate of Creditable Tax Withheld at Source

Reminder to Request/Demand for 2307s before it’s Too Late To all the taxpayers who are the sellers/income earners:   Your Top Withholding Agent - customers/clients should issue a Certificate of Creditable Tax Withheld at Source (BIR Form No. 2307) to your company that is subjected to withholding, every 20th day following the close of the [...]
21 Nov

Xero Asia Road Show in Singapore 2019

On November 11-13, 2019. MM&Co CPAs as a proud partner of Xero (https://www.xero.com/ph/), attended the 2019 Asia Road Show held at Suntec Convention Centre, Singapore, represented by delegate Riel Reyes. Xero Roadshow Asia is the event for innovative accounting and bookkeeping leaders around the region to connect. It was always a fun and productive session [...]
21 Nov

IECNet 2019 AGM in Argentina

From November 4 to 14, 2019. MM&Co CPAs attended the 2019 IECNet Annual General Meeting in Buenos Aires Argentina. It was a great privilege to be part of this organization of audit and tax firms with 80 countries member firms around the world. https://iecnet.net/
22 Oct

Internal Controls for Restaurants

I. Here are the accountable forms: Official Receipt (manual so in case there is no electricity or there is a printer problem, the restaurant may still issue), (very minimal cash invoice [manual] for goods as usually restaurants sell used cooking oil, etc.). POS/CRM Official Receipts registered with the BIR that is capable of accommodating long […]

26 Oct

IECnet Adds New Member in The Philippines

Press release by IECnet IECnet is pleased to announce that it has a new member in the Philippines. Manaig, Manaig & Co., CPAs was founded in 2003 to provide professional services on accounting, auditing, taxation, consultation, and related services. The firm is located within Calabarzon-Region IVA, South Luzon area of the Philippines which is currently […]

20 Oct

DBP Officially Launches PayTax Online

Thursday, October 18, 2017 — Quezon City — The Development Bank of the Philippines (DBP) kickstarted the official launch of PayTax Online, a new payment service system which is designed to enable Filipino taxpayers in electronically paying their taxes with the BIR (Bureau of Internal Revenue). JuanTax had the privilege of participating in this groundbreaking […]

03 Oct

Tax Treaty between Philippines and New Zealand on Royalties

There is a New procedure for claiming preferential tax treaty benefits on dividends, interest and royalty income based on RMO No. 8-2017, dated March 28, 2017 (amends RMO No. 72-2010). It says that the TTRA s are NO LONGER required to avail of a treaty relief for dividends, interest and royalties.  Instead of filing a TTRA, nonresident income […]