Tax Season


April 15 is fast approaching, the deadline for filing the annual income tax for calendar year 2007.

And the accountants are very busy again…

It’s good that those who are earning purely compensation income need not have to file the 1701 – substituted filing applies.

For those who have mixed income and corporate taxpayers, well, you better hurry up to the AAB’s.

Despite the tax amnesty, BIR is still short of its fiscal targets.

Well, the government cannot blame the people….if only there are more tangible projects that directly benefit the taxpayers without those political bickerings and corruption, then maybe the taxpayers will be more motivated to pay their taxes correctly and on time.


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