Let's Get on the TRAIN

 

The Bureau of Internal Revenue (BIR) issued a tax advisory, 8 February 2018, clarifying the filing and remittance of creditable and final withholding taxes of National Government Agencies (NGAs). in relation to the advisory issued by the BIR dated 31 January 2018.

All NGAs shall use BIR Form No. 0605 in the filing and remittance of above mentioned withholding taxes thru the Electronic Filing and Payment System (eFPS).

The procedures to be adopted by NGAs are contained in the advisory.

Please note that this is only a transitory procedure pending the issuance of the enhanced withholding tax remittance forms. Further, with regard to the submisison of the alphabetical list of payees from whom the taxes were withheld, it shall be submitted no later than the last day of the month following the close of the taxable quarter during which the withholding tax was made.

 

Attached is the copy of the tax advisory on NGAs for your reference.

Tax Advisory Clarification on Withholding Taxes of NGAs February 08, 2018

 

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