08/09/2026
๐๐ข๐ฌ๐ฌ๐๐ ๐๐จ๐ฎ๐ซ ๐๐๐ ๐๐๐๐๐ฅ๐ข๐ง๐? ๐๐๐ซ๐ ๐ข๐ฌ ๐๐ก๐๐ญ ๐๐จ๐ฎ ๐๐๐๐ ๐ญ๐จ ๐๐ง๐จ๐ฐ๐จ
Filing tax returns late leads to three immediate BIR penalties:
1. Surcharge โ An instant penalty added to your total tax due.
2. Interest โ A daily charge that grows every day your payment is delayed.
3. Compromise Penalty โ A fixed administrative fine for late submission. (Take note: This applies even if you have ZERO income or tax due for the period!)
What should you do?
1. File Voluntarily: Submit late returns immediately before receiving a BIR notice.
2. Compute & Pay: Visit your RDO or use tax software to settle fees right away and stop daily interest.
Avoid unnecessary penalties and keep your business compliant!
๐ฉ Need help with your tax compliance, bookkeeping, or business filing? Send Books & Beyond a message today!