TRANSITORY RATES UNDER CREATE LAW
Revenue Memorandum Circular No, 50-2021 provides guidelines in the filing and payment of Annual Income Tax Return (AITR) by Non-Individual Taxpayers with transitory rates for those who will file and pay AITR on or before April 15, 2021 for taxable year ending December 31, 2020:
Non-Individual taxpayers, whether eFPS or Non-eFPS filers, shall use the Offline eBIRForms Package v7.9 in filing their AITR. The eBIR Forms is available for downloading from the following sites:
1. www.bir.gov.ph and
Payment of taxes due shall be made thru:
MANUAL: Any Authorized Agent Banks (AABs) as provided under RMC 41-2021.
ONLINE: GCash, Paymaya, LBP Link.BizPortal, DBP Tax Online, Union Bank Online Web and Mobile Oayment Facility and PESONet thru LBP Link.BizPortal.
To know more about the best features and vetoed provisions of CREATE Law, JOIN the Elite Taxpayer Circle (ETC) today to attend the exclusive WEBINAR with our Chairman and CEO Mon Abrea on April 20, 2021 at 2PM. Register HERE.
In partnership with the Department of Trade and Industry and ABS-CBN Books, TaxWhizPH Digital Solutions features DTI Official every other Monday starting April 12 at 8AM.
In partnership with the Bureau of Internal Revenue (BIR), TaxWhizPH Digital Solutions features BIR officials every Monday at 3PM to discuss and answer current tax issues and questions especially related to the upcoming April 15 deadline of filing annual income tax returns.
And finally, TaxWhizPH Mobile App will officially launch its ITR Filing through the app just in time for the filing on April 15.