C. Panlilio Accounting Services

C. Panlilio Accounting Services Accountants at work, Quality service at its finest.

ATTENTION: TAX FILING & PAYMENT REMINDER
29/07/2026

ATTENTION: TAX FILING & PAYMENT REMINDER

26/07/2026

💡 SOLE PROPRIETORS AND PROFESIONALS: Are you overpaying your taxes? 🇵🇭

If your gross sales or receipts for the year are ₱3 Million or below, you can skip the complicated tax math and choose the 8% Flat Income Tax Rate!

Here is how this option helps self-employed professionals and small businesses save money and reduce paperwork.

✨ THE BIG ADVANTAGES:
* Simple Math: Pay exactly 8% on your gross income over ₱250,000 (for Sole Proprietors).
* Zero Percentage Tax: You are completely exempt from paying the quarterly 3% Percentage Tax (BIR Form 2551Q).
* Easier Bookkeeping: No need to track every single receipt or itemize your expenses just to lower your tax bill.

❌ WHO IS NOT ELIGIBLE?
* VAT-registered taxpayers.
* Anyone whose gross annual sales exceed ₱3,000,000.

25/07/2026

📢 TAX COMPLIANCE REMINDER: Is your business ready for the July 25 deadline? 🇵🇭

Attention all self-employed professionals, freelancers, sole proprietors, and corporations! July 25 marks a major quarterly tax deadline covering the 2nd Quarter (April to June).

July 25 falls on a Saturday! Here is what that means for your filing:

🗳️ 1. The Weekend Rule: When is the actual deadline?
• The Rule: Per BIR regulations, when a tax deadline falls on a weekend, holiday, or non-working day, the deadline is automatically extended to the next working day. [1]
• Your Action: You have until Monday, July 27 to file your returns and settle any taxes due without facing late surcharges or interest penalties!

📝 2. What Needs to Be Filed?
• BIR Form 2551Q (Quarterly Percentage Tax Return) – For non-VAT businesses and professionals.
• BIR Form 2550Q (Quarterly Value-Added Tax Return) – For VAT-registered taxpayers.
• SLSP (Summary List of Sales and Purchases) – Non-eFPS filers must submit this mandatory electronic attachment along with their Quarterly VAT return.

🛑 3. "No Sales/No Income" This Quarter? You STILL Must File!
A common, costly mistake is assuming you can skip filing if your business or practice earned zero income.
• Mandatory Filing: Even if your VAT-registered business had zero sales and zero purchases this quarter, you are still legally required to file a "Nil" (No Sales) Return.

📩 Don't wait until Monday's peak hours when system congestion is high. Let our expert accounting team handle your quarterly tax filings, "Nil" returns, and SLSP formatting seamlessly. Send us a direct message today!

25/07/2026

📢 TAX UPDATE FOR BUSINESS OWNERS! 🇵🇭

Effective January 22, 2024, business taxpayers in the Philippines are officially exempt from paying the Annual Registration Fee (ARF).
Here is what you need to know under the Ease of Paying Taxes (EOPT) Act (Republic Act No. 11976):

❌ No More BIR Form 0605
• You do not need to file this form for annual registration anymore.
❌ No More ₱500 Fee
• The annual ₱500 registration renewal fee is permanently canceled.
📋 What about your old COR (BIR Form 2303)?
• Your existing Certificate of Registration remains 100% valid even if it still lists the "Registration Fee" tax type.
• Updating or replacing your COR at your Revenue District Office (RDO) is entirely optional.

For more details, you can read the official guidelines under BIR Revenue Memorandum Circular No. 14-2024.

24/07/2026

BIR Abatement Program

SINO AT ANO ANG QUALIFIED?
• Micro Taxpayer Classification: Ang pagiging Micro Taxpayer ay nakabase sa tala ng BIR (IRIS-TRS) noong December 31, 2025. Maaari itong i-verify sa BIR ORUS o sa kinauukulang RDO.
• Kwalipikadong Utang sa Buwis: Covered ang mga utang na umiiral na bago o noong December 31, 2025.
• Maximum Limit Threshold:
o Ang kabuuang utang na Basic Tax at Compromise Penalties ay hindi dapat lumagpas sa ₱80,000.00 bawat taxable year.
o Ang Surcharge at Interest ay hindi kasama sa pagkwenta ng ₱80,000 threshold. Subalit kung ma-approve ang abatement ng basic tax, mabubura na rin pati ang kaugnay nitong surcharge at interes.
• One-Time Transactions & Mixed Income: Kasama ang mga transaksyon tulad ng benta ng lupa/shares o donor's tax, pati na rin ang mga kumikita mula sa compensation + business—basta't pasok sa ₱80,000 limit kada taxable year.
MGA KAILANGANG REQUIREMENTS AT BAYARIN
1. Abatement Fee: May bayad na ₱5,000.00 gamit ang BIR Form No. 0605 (Tax Type Code: MA; ATC Code: MC350 para sa indibidwal, MC351 para sa non-individual).
2. Mga Dokumento (BIR Form No. 2121):
• Tatlong (3) kopya ng accomplished BIR Form 2121.
• Valid Government ID ng taxpayer o kinatawan.
• Notarized SPA / Board Resolution / Secretary's Certificate (kung may representative).
• Certificate of Existence of Outstanding Tax Liability/ies (CEOTL) mula sa BIR.
• Kopya ng Assessment Notices (PAN, FAN, FLD, FDDA), kung mayroon.
PROSESO NG PAG-APPLY AT PAGBAYAD
• Saan Isusumite: Manwal na isusumite sa RDO kung saan nakarehistro ang Micro Taxpayer (o Head Office para sa may mga branch).
• Pagbabayad ng Fee: Babayaran ang ₱5,000 fee sa loob ng limang (5) working days pagka-file ng aplikasyon.
• Pagsumite ng Proof of Payment: Kailangang mai-submit ang katibayan ng pagbabayad sa RDO sa loob ng limang (5) working days pagkabayad.
• Deadline: Kailangang mai-file ang aplikasyon sa o bago ang December 31, 2026.
MAHALAGANG PAALALA AT PROTEKSYON
• Suspendido ang Collection Enforcement: Kapag naisumite nang kumpleto ang aplikasyon, isususpinde ang paniningil o warrants habang pinoproseso ito.
• Walang Audit / Investigation: Ang pag-apply ay hindi magiging dahilan para i-audit o imbestigahan ang taxpayer ng BIR.
• Walang Refund / Tax Credit: Ang mga naibayad na sa buwis bago ang Dec 31, 2025 ay ibabawas sa utang ngunit hindi na pwedeng i-refund o maging tax credit.
• Open Cases / Unfiled Returns: Hindi kailangang mag-file ng mga nakaraang unfiled returns para lang maisara ang open cases, basta't qualified at walang natitirang utang sa basic tax.
• Certificate of Availment: Isusulat at iisyu sa loob ng limang (5) working days matapos matanggap ang proof of payment, at ito ang gagamitin upang tuluyang ibura ang utang sa BIR.

Address

Stall 8 JMS Building, Santa Julianna Street Corner McArthur Highway, Barangay Salapungan, Pampanga
Angeles City
2009

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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