The Bureau of Internal Revenue (BIR) requires individuals and businesses to file various tax forms throughout the year. The specific forms required to be filed will depend on a number of factors, including the type of taxpayer, the nature of their income, and the period being reported.
For Q2 of 2023, which covers the months of April, May, and June, some of the tax forms that may be required to be filed include:
BIR Form 1601-EQ – This form is for the quarterly remittance of withholding tax on compensation. It is required to be filed by employers who are withholding taxes on behalf of their employees.
BIR Form 2551Q – This form is for the quarterly percentage tax return. It is required to be filed by individuals and businesses who are engaged in activities subject to percentage tax, such as certain types of services and sales of goods.
BIR Form 1701Q – This form is for the quarterly income tax return for self-employed individuals, professionals, and non-individual taxpayers who are earning from business or profession.
These are just some of the BIR tax forms that may be required to be filed for Q2 of 2023. It is important to note that the specific forms required to be filed may vary depending on the taxpayer’s circumstances.