APRIL 15 COUNTDOWN: ONE DAY TO GO, ONE FINAL BIR MEMO

One day to go before April 15 and the BIR released today its much-awaited Frequently-Asked-Questions (FAQs) on electronic filing of tax returns.  

Finally, with Revenue Memorandum Circular (RMC) 19-2015, the BIR has officially spoken and clarified many of the policy, procedural and technical issues encountered by distraught taxpayers. 

For your questions/clarifications on the BIR's new electronic filing requirement, just click on the link below to read the full-text of the latest BIR memo.  

http://www.bir.gov.ph/images/bir_files/internal_communications_2/rmc_no_19-2015.pdf

Hopefully, this RMC will be the last episode in this eBIR forms saga. 

And once we overcome the April 15 deadline, it will be good for the DOF, BIR, Tax experts, IT experts and legislators to assess what happened in this year's annual ITR filing and find ways how to improve on it in order to make the system more effective and efficient. 

All for the sake of this Government's Bosses -- our overburdened taxpayers.