Loose Leaf Books of Accounts

 LOOSE LEAF BOOKS OF ACCOUNTS

Application for Permit to Use Loose Leaf Books of Accounts

BIR Form 1900

https://drive.google.com/file/d/1jH7dAYpSHNKkGPRAWsrqDmRcU0v-SD_v/view?usp=drivesdk

Sworn Statement for Application for Permit to Use Loose Leaf Books of Accounts

https://docs.google.com/document/d/1VPmrrLS8a1XPr2DHxWE64-Dhourw7y3N/edit?usp=sharing&ouid=111050182241871977231&rtpof=true&sd=true

SAMPLE FORMAT OF LOOSE LEAF BOOKS

https://docs.google.com/spreadsheets/d/1eV6JE07kLX0Q24bY2gULhb1BzkpnsnEf/edit?usp=drivesdk&ouid=111050182241871977231&rtpof=true&sd=true

AFFIDAVIT (FOR REGISTRATION OF BOOK BOUND)

https://docs.google.com/document/d/1qGKeok46H3qQBlOGHnLYNWaxNiH78idc/edit?usp=sharing&ouid=111050182241871977231&rtpof=true&sd=true

Inventory List of Goods 2025

 Guide for Submission of Inventory List for the taxable year 2025

Deadline: January 30, 2026

To be submitted to your Revenue District Office

Print 2 hard copies of Inventory List

Inventory Excel File Stored in DVD/USB

Print 3 copies of Sworn Declaration to be Notarized ( 1 copy for Notary Public, 1 copy for BIR, 1 copy for taxpayer) 

BIR Issuances:

RMC 57-2015

RMC 8-2023

RMC 57-2015

https://drive.google.com/file/d/1eAsIrscTYavOtmey-nzrXKIeHyHCUjVb/view?usp=drivesdk

RMC 8-2023

https://drive.google.com/file/d/1wunItQsUFVLa8XmDeScNRl74Cz6LoYVG/view?usp=drivesdk

PRESCRIBED FORMAT

RMC No 8-2023

ANNEX A-C

(Download this file and edit according to your line of business. Do not ask permission to access and edit this file.)

https://docs.google.com/spreadsheets/d/1Tp7MtEq6A3JzkN6CzWkjZ8MSN87SCeQD/edit?usp=drivesdk&ouid=111050182241871977231&rtpof=true&sd=true

SAMPLE INVENTORY LIST EXCEL FILE

https://docs.google.com/spreadsheets/d/17ack_fUi3QyVU0IQqu1sxNngfNp4w7KL/edit?usp=drivesdk&ouid=111050182241871977231&rtpof=true&sd=true

SAMPLE NO INVENTORY

https://docs.google.com/spreadsheets/d/1L8fhzZDZ7WSNSejq5wkvqvR7gi-vpqKU/edit?usp=drivesdk&ouid=111050182241871977231&rtpof=true&sd=true

SWORN STATEMENT

RMC 8-2023/RMC 57-2015

ANNEX D

https://docs.google.com/document/d/13MGf1Ampt2JMRgDanYAGic9aaE5NlAhG/edit?usp=drivesdk&ouid=111050182241871977231&rtpof=true&sd=true

Related video:

https://youtu.be/5XeXCVAOPbw

Guide for TNVS Operators

 Guide for Taxpayers whose line of business is Land Transport Service

with Certificate of Public Convenience (CPC)

Granted by LTFRB

Examples: Jeepney, Bus, Taxi, TNVS with CPC

ATC - PT 040 

Common Carrier Tax

Tax Rate 3%

Schedules to Remember

Quarterly Percentage Tax for the year 2024

BIR Form 2551Qv2018

Firsrt Quarter (January 1 to March 31) - April 25, 2024

https://youtu.be/79wjrV8nrZc

Second Quarter (April 1 to June 30) - July 25, 2024

https://youtu.be/7gZV1bJryx4

Third Quarter (July 1 to September 30) - October 25, 2024

https://youtu.be/IVmkeIVJZjs

Fourth Quarter (October 2 to December 31) - January 25, 2025

Quarterly Income Tax Return (BIR Form 1701Qv2018)

Choose Graduated Rates

Method of Deduction: Choose between 40% OSD and Itemized Deductions

Videos for 40% OSD-

INCOME TAX GRADUATED RATES- OSD: https://www.youtube.com/playlist?list=PLhv2d659sAa-vWCIscgfyNNiyUFZMOoFz

Videos for Itemized Deductions-

INCOME TAX GRADUATED RATES- ITEMIZED DEDUCTION: https://www.youtube.com/playlist?list=PLhv2d659sAa9G_GAkmgZ6thWzPNSTZlAC

Deadlines:

First Quarter 1701Q - May 15, 2024

Second Quarter 1701Q - August 15, 2024

Third Quarter 1701Q - November 15, 2024

Take Note: No Fourth Quarter

Annual Income Tax (Form 1701/1701A)

Option No 1: Use Form 1701A if you choose OSD

Graduated Rates -OSD 

Just input the amount of Total Gross Receipts for the whole year

https://youtu.be/MbKgnqszJEw

Option No 2: Use BIR Form 1701v2018 if you choose Itemized Deductions

https://youtu.be/5DTRIGR2RF4

BIR RMC 70-2015

https://drive.google.com/file/d/1gFa3Q5wqwfHCd2nJbkDpS609XE6zlWjP/view?usp=drivesdk

Guide for Submission of Inventory List to BIR

Guide for Submission of Inventory List for the taxable year 2024

Deadline: January 30, 2024

BIR Issuances:

RMC 57-2015R and RMC 8-2023

RMC 57-2015

https://drive.google.com/file/d/1eAsIrscTYavOtmey-nzrXKIeHyHCUjVb/view?usp=drivesdk

RMC 8-2023

https://drive.google.com/file/d/1wunItQsUFVLa8XmDeScNRl74Cz6LoYVG/view?usp=drivesdk

PRESCRIBED FORMAT

RMC No 8-2023

ANNEX A-C

(Download copy)

https://docs.google.com/spreadsheets/d/1Tp7MtEq6A3JzkN6CzWkjZ8MSN87SCeQD/edit?usp=drivesdk&ouid=111050182241871977231&rtpof=true&sd=true

SWORN STATEMENT

RMC 8-2023/RMC 57-2015

ANNEX D

https://docs.google.com/document/d/1iuGGE76NcgBfCBjB8JCr7t42PQ5vlLgM/edit?usp=drivesdk&ouid=111050182241871977231&rtpof=true&sd=true

SAMPLE INVENTORY LIST 2023

https://docs.google.com/spreadsheets/d/16pkiNZTIve51zCSgIz_2qkgrJW_61yG3/edit?usp=drivesdk&ouid=111050182241871977231&rtpof=true&sd=true

Youtube video:

https://youtu.be/5XeXCVAOPbw

Guide for BIR Form 2307

 Guide on What to do with your BIR Form 2307 that you received from various withholding agents

Step 1: Download Alphalist Data Entry and Validation Module 7.3 from BIR Website and create Summary Alphalist of Withholding Taxes (SAWT)

https://www.facebook.com/share/v/fRt9vCi9usnhnxde/?mibextid=qi2Omg

Step 2: Register to AFS eSubmission

https://youtu.be/5xMTCJRebIQ

Step 3:  Submit to AFS eSubmission

https://youtu.be/Nmlzoc0ILqw

If you want to avail my One-on-One Tutorial, book your appointment here:

https://calendar.app.google/PS2psjnEjh8JbmVK9

Guide for BMBE Registered Taxpayers

Guide for BMBE Registered Taxpayers 
Non-VAT
Gross Annual Sales 3Million and below

Tax Types:
Percentage Tax and Individual Income Tax

Quarterly Percentage Tax for the year 2024
BIR Form 2551Qv2018
ATC PT010   Vat Exempt  3%

First Quarter (January 1 to March 31) - 

Deadline of Filing and Payment: April 25, 2024
Click to watch tutorial video

Second Quarter (April to June) 
Deadline of Filing and Payment: July 25, 2024
Click to watch tutorial video

Third Quarter (Jul to Sep)
Deadline of Filing and Payment: October 25, 2024
Click to watch tutorial video

Fourth Quarter (Oct to Dec) 
Deadline of Filing and Payment: January 25, 2025
Click to watch tutorial video

Annual Income Tax Return

BIR Form 1701v2018

January to December 2024:

Deadline of Filing and Payment: April 15, 2025

Click to watch tutorial video

Other Compliance Requirements:

Must keep Books of Accounts and other accounting records.

Must prepare Annual Financial Statements as attachment to ITR.

Must submit Income Tax Return with Attachments to RDO or 

thru Electronic Audited Financial Statements (eAFS) portal of BIR.

Must submit Inventory List - Deadline of Submission: Jan. 30, 2025

How to Avail 8% Income Tax Rate thru ORUS

    Guide for self-employed individual taxpayers on how to avail the     8% Income Tax Rate Option thru ORUS Online Registration and         Update System

     Log in to your ORUS Account

     Click Secondary Registration

        

    Click Correction/Change/Update of Information

    Choose Head Office or Branch

    Click Validate

  

     Information to Update

     Tick Avail 8% Income Tax Rate Option

         Click Ok

   

       Agree to all terms and conditions

  

    Congratulations!

Guide for Taxpayers who availed 8% Income Tax Rate thru ORUS Online Registration and Update System

Tax Types

Quarterly Income Tax BIR Form 1701Q

Annual Income Tax BIR Form 1701A

Quarterly Income Tax for the year 2024

BIR Form 1701Q

First Quarter (January to March, 2024) - deadline May 15, 2024

https://youtu.be/YVtTfxcmA84

(Sample just change the year to 2024)

Second Quarter (April to June) - deadline August 15, 2024

https://youtu.be/hlhKJdPIq9o

Third Quarter (July to September) - deadline November 15, 2024

https://youtu.be/HXIvPZJRCsw

No Fourth Quarter 1701Q

Annual Income Tax Return

Bir Form 1701A

January 1 to December 31, 2024 - deadline April 15, 2025

Sample Video  Annual Income Tax for the year 2023:

https://youtu.be/Fv-X2qgbCAA