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Electronic Filing and Payment System (EFPS) eFPS Stands For Electronic Filing and Payment System, and It Refers To The System

The Electronic Filing and Payment System (eFPS) allows taxpayers to electronically file tax returns and pay taxes owed online. Developed by the Bureau of Internal Revenue, eFPS provides a convenient, secure, and cost-effective way to file various tax forms including individual and corporate income tax returns, value added tax declarations, and documentary stamp tax returns. It also outlines the procedures for electronic filing and payment through eFPS.

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96 views6 pages

Electronic Filing and Payment System (EFPS) eFPS Stands For Electronic Filing and Payment System, and It Refers To The System

The Electronic Filing and Payment System (eFPS) allows taxpayers to electronically file tax returns and pay taxes owed online. Developed by the Bureau of Internal Revenue, eFPS provides a convenient, secure, and cost-effective way to file various tax forms including individual and corporate income tax returns, value added tax declarations, and documentary stamp tax returns. It also outlines the procedures for electronic filing and payment through eFPS.

Uploaded by

Jonathan Isaac De Silva
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Electronic Filing and Payment System (EFPS)

eFPS stands for Electronic Filing and Payment System, and it refers to the system
developed and maintained by the Bureau of Internal Revenue (BIR) for electronically
filing tax returns, including attachments, if any, and paying taxes due thereon,
specifically through the internet.
The eFPS is:
- Convenient to use - it is quick and simple to use, as well as secure.
- Interactive - information exchange is immediate and online, users get immediate
feedback from the system when enrolling, e-filing or performing e-payments.
- Self-validating - errors are minimized because all of the information supplied by the
taxpayer is validated before final submission.
- Fast - response or acknowledgment time is quicker than manual filing.
- Readily available - eFPS is available 24 hours a day, 7 days a week including
holidays.
- Secure - return and payment transactions are more secure, as all data transmission is
encrypted.
- Cost effective - processing cost of returns and payments is minimized (e.g. receiving,
pre-processing, encoding, and error-handling and storage).

The current user coverage of eFPS includes:


- Large Taxpayers
- Top Twenty Thousand (20,000) Private Corporations
- Local Government Units
- Government Bidders
- Bank Borrowers
- Stock Brokers
- Corporations with Paid-Up Capital Stock of P10 Million Pesos and above
- Taxpayers with Computerized Accounting System (CAS)
- Enterprises Enjoying Fiscal Incentives (i.e. PEZA, BOI Certified, Subic
Economic Zone etc.)
- Top Five Thousand (5,000) Individuals
- National Government Agencies/Instrumentalities
- Volunteering Non-Large Taxpayers (Individual and Non-Individual)
- Insurance Companies
- Excise Taxpayers

Currently, the eFPS allows you to e-file and e-pay for the following forms:

FORM

Form 0605

Form 1601C

DESCRIPTION

DEADLINES UNDER eFPS


(Group E)

Payment Form

This form shall be


accomplished:
1 Every time a tax payment
or penalty is due or an
advance payment is made;
2. Upon receipt of a demand
letter / assessment notice
and/or collection letter from
the BIR; and
3. Upon payment of annual
registration fee for a new
business and for renewals
on or before January 31 of
every year.

Monthly Remittance Return of Income Taxes


Withheld on Compensation

January to November
Group E :
Eleven (11) days following
end of the month;
December
Group E : Eleven (11) days
following end of the month

Form 1601E

Form 1603

Monthly Remittance Return of Creditable Income Group E : Eleven (11) days


following end of the month
Taxes Withheld (Expanded)

Quarterly Remittance Return of Final Income


Taxes Withheld on Fringe Benefits Paid to
(not applicable) Employees Other than Rank and File

Form 1604CF

NA

On or before January 31 of
the year following the
calendar year in which the
Annual Info Return of Income Taxes Withheld on
compensation payment and
Compensation and Final Withholding Taxes
other income payments
subject to final withholding
taxes were paid or accrued.

Form 1604E

Form 1702

Form 1702Q

Form 2000

Form 2550M

Form 2550Q

Annual Info Return of Creditable Income Taxes


(Expanded) / Income Payments Exempt from
Withholding Taxes

On or before March 1 of the


year following the calendar
year in which the income
payments subject to
expanded withholding taxes
or exempt from withholding
tax were paid or accrued.

Annual Income Tax Return for Corporation and


Partnerships

Filed together with the


Annual Income Tax Return on or before the 15th day of
the fourth (4th) month
following the close of the
calendar or fiscal year, as
the case may be.

Quarterly income Tax Return for Corporations


and Partnerships

The corporate quarterly


income tax return shall be
filed with or without payment
within sixty (60) days
following the close of each of
the first three (3) quarters of
the taxable year whether
calendar year or fiscal year.

Documentary Stamp Tax Declaration / Return

The return shall be filed and


the tax paid within (5) days
after the close of the month
when the taxable document
was made, signed, issued,
accepted or transferred.

Monthly Value Added Tax Declaration

Quarterly Value Added Tax Return

Not later than the 20th day


following the close of the
month.

This return is filed not later


than the 25th day following
the close of each taxable
quarter.

Procedures for Electronic Filing:


1. Go to the BIR Web Site (http://www.bir.gov.ph/).
2. To access BIR eServices, click its logo.

3. Click on the eFPS logo from the list of services or you can go directly thru
https://efps.bir.gov.ph/index.html

4. Supply the following information when the eFPS login screen appears and click
LOG IN:
- TIN
- Username
- Password

5. Answer the challenge question displayed on the screen and click SUBMIT.

6. Once login is successful, click on the drop-down list of registered BIR Forms to
select tax for e-file.

7. Click File Tax Return after selecting the form from the list.

8. Choose from the option On-line the preferred method in filling-out and submitting
tax form in the eFPS.

9. VALIDATE the return being filed and click SUBMIT button to complete e-filing.
a.

b.

10. Wait for the generation of Filing Reference Number. This means that the form has
been successfully submitted by the EFPS.
11. Submit attachments of returns with Filing Reference Number to BIR within fifteen
(15) days from the date of filing, if not submitted electronically.

Procedures for Electronic Payment:


1. Click on Proceed to Payment to perform e-payment after the generation of
Filing Reference Number.
2. Click on the check box the mode of payment tax debit memo.
Additional:

Taxpayers may print via eFPS a copy of their tax returns filed within the flowing
period from the legislative due date of filing the return:
Frequency of Filing

Retention Period

Daily
Monthly
Quarterly
Annually

3 months
1 year
1 year
3 years

For eSubmission of financial statements (FS) through the Annual Income Tax
Returns (BIR Form 1702), encode online the necessary information on the
applicable Annual Income Tax Return and add the FS as an attachment to the
online copy of the Annual ITR being filed using the Add Attachment Button.
Take note that the FS to be attached must be converted in acrobat reader
format.

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