Take note that you cannot file this form during the months of March, June, September, and December. Other entities that need to file this form are corporations, government agencies or instrumentalities, and authorized representative and accredited tax agent that are hired to file taxes on behalf of a taxpayer. Mixed income individuals (as in those who run a separate business outside work) are also required to file their expanded taxes using this form. All income they gain from engaging in the practice of their profession is subject to 8% tax rate as opposed to the previous 10% – 15%. Self-employed individuals also file this form since they are not a part of any employee-employer relationship. They must remit whatever amount they get to the government. These are the people who deduct and withhold these taxes on income payments. The entities required to file these taxes are the withholding agents. An example of this is a lawyer-client relationship wherein the lawyer offers his/her services without being an employee. But one thing you have to remember is that there is no employee-employer relationship present in the former. It’s easy to interchange expanded withholding taxes and withholding tax on compensation. professional talent fees, rental income, and payment to contractors). These taxes are prescribed on specific incomes (e.g. You can use this to file creditable or expanded withholding taxes. We’ll tell you everything there is to know about this form to help you avoid making any mistakes as you file your taxes!īIR Form 0619E is also called Monthly Remittance Form of Creditable Income Taxes Withheld (Expanded). For now, we’ll be focusing on BIR Form 0619E. The addition of these new forms entails several changes that we can’t enumerate in a single article so. The 3 different forms released on May 2018 were 0619E, 0619F, and updated 1701Q. These new forms come out in packages, with the latest one being BIR Forms package version 7.1. Quite a number of new and updated forms have also been released by the Bureau of Internal Revenue (BIR). It introduced significant tax rates and filing changes which greatly altered how people do their tax computations in the Philippines.ĭifferent guidelines for tax filing are not the only things that come with these new tax laws. New tax laws were implemented within the past few years starting with the Tax Reform for Acceleration and Inclusion (TRAIN) Law. This should promote investment, create jobs, and reduce poverty. Its goal is to make it simpler, fairer, and more efficient. The Comprehensive Tax Program (CTRP) aims to change the country’s tax system. The entities who are required to file the form.What do you need to know about BIR form 0619E?
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