EFPS to include NGAs

EFPS to include NGAs

In a revenue regulation (RR no. 1-2013)  issued by BIR last January 23, 2013, National Government Agencies (NGAs) are required to use Electronic Tax Remittance Advice (eTRA) which is a sub system of Electronic Filing and Payment System (eFPS). Currently, BIR mandates the following taxpayers to file their returns using EFPS:

a. Large Taxpayers duly notified by the Bureau of Internal Revenue (BIR);
b. Top 20,000 Private Corporations duly notified by the BIR;
c. Top 5,000 Individual Taxpayers duly notified by the BIR;
d. Taxpayers who wishes to enter into contract with government offices;
e. Corporations with paid-up capital stock of Ten Million Pesos;
f. PEZA-registered entities and those located within Special Economic Zones; and
g. Government Offices, in so far as remittance of withheld VAT and business tax is

According to an excerpt from the RR, “Now that eTRA System, a sub-system of the eFPS, has been developed, the base of taxpayers mandated to use eFPS is expanded to include all NGAs since the latter make use of the TRA in settlement of their withholding tax liabilities arising from the use of funds being released by the Department of Budget and Management (DBM). Through the eTRA System, the NGAs can access the eFPS, file their tax return electronically and accomplish the eTRA on-line, provided the prescribed enrollment to the eFPS has already been complied with.”

With the implementation of this system, NGAs can conveniently remit and pay their taxes. ┬áIt saves the taxpayer the hassle of falling in line to file and pay their tax returns. It’s fast and convenient since everything can be done through a click in their computers with an Internet connection.

EFPS to include NGAs





1 Comment

  1. Wow. This is solid news. Nice one, Davao Accountant.

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