BIR submission

This office is inquiring from our Chief Accountant compliance with BIR submission

as in the case of 2550Q tomorrow, and submission of sales and purchases.

BIR government schedule of BIR reports

1 Sunday
SUBMISSION
Consolidated Return of All Transactions based on the Reconciled Data of Stockbrokers			December 16–31, 2016
Engagement Letters and Renewals or Subsequent Agreements for Financial Audit by Independent CPAs			FY beginning March 01, 2017
5 Thursday
SUBMISSION
Summary Report of Certification Issued by the President of the National Home Mortgage Finance Corporation (RA 7279)			Month of December 2016
e-FILING/FILING & e-PAYMENT/PAYMENT
2000 - Documentary Stamp Tax Declaration/Return			Month of December 2016
2000-OT- Documentary Stamp Tax Declaration/Return (One-Time Transactions)			Month of December 2016
8 Sunday
SUBMISSION/e-SUBMISSION
Transcript sheets of the following:			Month of December 2016
2.08-ORB (A-1)	2.43-ORB	31.18-ORB
2.08-ORB	2.61-ORB	31.27-ORB
2.11-ORB	2.68-ORB	31.46-ORB
2.14-ORB	2.69-ORB	31.46-Auxiliary Register Book (L71/2)
2.17-ORB	2.69A-19-ORB	38.01-ORB
2.17a-ORB	2.70-ORB	398 ORB
2.20-ORB	2.83-ORB	398-1ORB
2.36-ORB	31.01ORB(L7)
Transcript sheets of ORB used by manufacturers/assemblers, importers and wholesalers of automobiles			Month of December 2016
e-SUBMISSION
Monthly e-Sales Report for all Taxpayers using CRM/POS with TIN ending in even number			Month of December 2016
10 Tuesday
SUBMISSION
Transcript Sheets of 2222-ORB			Month of December 2016
List of Buyers of Sugar Together with a Copy of Certificate of Advance Payment of VAT Made by Each Buyer appearing in the List by a Sugar Cooperative			Month of December 2016
Information Return on Releases of Refined Sugar by the Proprietor or Operator of a Sugar Refinery or Mill			Month of December 2016
Monthly Report of DST Collection and Remitted by the Government Agency			Month of December 2016
Importer's Notarized Liquidation Statement together with the required applicable attachments			November-December 2016
e-SUBMISSION
Monthly e-Sales Report for all taxpayers using CRM/POS with TIN ending in odd number			Month of December 2016
e-FILING/FILING & e-PAYMENT/REMITTANCE
1600 together w/ the Monthly Alphalist of Payees (MAP)			Month of December 2016

Penalties from late payments

To   :   Holy Gardens Calamba

           Holy Gardens Pangasinan

WHAT :  PENALTIES IMPOSED BY BIR FOR LATE PAYMENTS

Objectives:

1.  To make more cash available for expansion of business and benefits to employees

2   To avoid waste and needless avoidable expense

3.  To develop more professionalism and work related maturity

Background/Reality

1.  I was asked to sign a check for penalty for VAT payment in Holy Gardens Greenhills.  It takes two to tango.  I understand a staff in Greenhills and staff in 3ffb were responsible for this.  Did we negotiate to reduce the penalty?   What caused the penalty -  delays miscommunication?

I could not accept the fact that penalties more than 100% of the cost of original VAT was to be charged and I am signing allowing this anomaly.

2.  We had seminar on CTRP of 1997 where penalties and criminal liabilities wiht non compliance were discussed.  Nothing happened with the seminar?

3.  We discussed and we emailed that our net operating profit (EBIT) is only 13% of the gross collection for hgmp.  Thus a P70,00 penalty requires P700,000 gross collection so that it can be recovered.

4.  If you were the business owner, would you allow such huge amount to be lost to BIR just because there were communications, and tardiness, and I hope not, laziness on our staff. You have money to pay, docs that are complete, and yet somebody just goofed

What do we do.

1. CCD the culprits

2.  Remind everyone that penalty is an anomaly.  It is not a normal occurrence in business.  Avoid.  Stop it.

3. DIN comes from daily practice and good habit.  Every one up and down the organization must practice coming to work and doing what is required on or before time.

FOR COMPLIANCE

Jorge  U. Saguinsin

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