WebSep 19, 2024 · In RR 21-2024, the BIR clarifies the following: The deficiency interest shall be 12% per year which is double the 6% legal interest on loans pursuant to BSP Memorandum No. 799, s. 2013. The deficiency interest shall be imposed from the date prescribed for payment until full payment or until issuance of notice and demand by the BIR, whichever ... WebApr 12, 2024 · The BIR said there is no reason for non-compliance since the processes are now more convenient. Payments beyond the deadline will entail interests, surcharges and penalties, the agency said. BIR: No penalty for payment of annual income tax return 'anywhere' until April 17; Deadline sa paghahain ng income tax return, sa Abril 17 na: BIR;
REVENUE REGULATIONS NO. 13-2001 - Lawphil
WebJan 20, 2024 · The Bureau of Internal Revenue (BIR) has instructed its examiners, as well as the taxpayers , o pay the compromise penalty separate from the assessment notice that … WebApr 15, 2024 · Under the law, late payment of tax is subject to 12% interest, a 25% surcharge, and the applicable compromise penalty. The same penalties apply in case of an amended return with additional tax due but only if it is filed beyond the prescribed due date under existing regulations. The 25% surcharge alone accounts for a quarter of the basic tax due. funny images for thanksgiving
Penalties - Bureau of Internal Revenue
Web1.2K views, 189 likes, 73 loves, 47 comments, 36 shares, Facebook Watch Videos from NET25: Mata ng Agila Weekend - April 15, 2024 Web[ BIR REVENUE REGULATIONS NO. 15-2007, November 29, 2007 ] REGULATION ALLOWING FOR THE ABATEMENT OF PENALTIES/SURCHARGES AND INTEREST ON … WebMar 17, 2024 · In 2024, BIR collections increased by 12.4 percent to P2.34 trillion from P2.08 trillion a year earlier. However, last year’s collections fell short of the P2.4-trillion target by 2.4 percent or ... funny images of babies