Reminder on Tax and Payroll Deadlines for February 2016

The first month of the year 2016 just ended and we are now in what they call the “love month” of February.

Before you think about the Valentines Day, we are writing this article to remind and guide you of the basic tax and payroll deadlines for the month of February 2016.

Important Note: For those with other special reportorial requirements specific to their nature of business and industry, you may refer to respective government agencies websites for details of your compliances for the month.

GOVERNMENT FORM

DEADLINE

Monthly ESALES submission for taxpayer registered and using CRM/POS – for the month of January 2016February 8, 2016(even numbers)

February 10, 2016 (odd numbers)

Monthly Withholding and Final Taxes payment and remittance (BIR Form 1601C / 1601E/ 1601F with MAP (Monthly Alphalist of Payees)) – for the month of January 2016February 10, 2016
Social Security System (SSS) payment and remittances – for the month of January 2016February 10, 2016
Philhealth (PHIC) payment and remittances – for the month of January 2016February 10, 2016
Pag-ibig (HDMF) payment and remittances – for the month of January 2016February 10 to 25, 2016 depending on the first letter of the company.

Click here for more details of the deadline

Monthly Percentage Tax Return (BIR Form 2551M) – for the month of January 2016February 20, 2016
Monthly Value Added Tax (VAT) Declaration (BIR Form 2550M) – for the month of January 2016February 20, 2016
Submission of Duplicate copy of Signed BIR Form 2316 (Certificate of Compensation Payment/Tax Withheld) by employers with employees qualified for Substituted filing – for the calendar year ended December 31, 2015February 28, 2016

 

PS

You can make us an extension of your office by letting us do the accounting, payroll, tax and business registration so you can focus in growing your business. You may use this form to request for our proposal.

If you chose to do it yourself, you may attend our scheduled workshops to learn and execute faster.

Disclaimer: The content of this article may become outdated because of changes in the rules and regulations over time. It does not substitute the need for inquiring professional advice.