Income Tax Returnsrequire the BIR form 2307 when filing the quarterly and annual income tax return of both individuals and corporations. Thedeadlines for quarterly Income Tax Returnsor BIR Form 1701Q are on the 15th of May, August, and November. For Annual Income Tax Returns, it should be fi...
Calculation: The BIR provides tax tables and forms to assist taxpayers in calculating their tax liability based on their income bracket. Payment: Once the tax liability is determined, taxpayers must make the necessary payment to the BIR. Compliance: It is crucial to comply with the deadlines set...