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RR No. 10-2007: Amends further Section 3 of RR No. 9-2001 expanding the coverage of taxpayers required to file returns and pay taxes through the Electronic Filing and Payment System

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Summary

RR No. 10-2007 further amends Section 3 of RR No. 9-2001, as last amended by RR No. 5-2004, by widening the coverage of taxpayers who must file returns and pay taxes through the Electronic Filing and Payment System (EFPS).

Key points

  1. Added to EFPS coverage. Corporations with paid-up capital stock of P 10,000,000 and above, corporations with a complete computerized system, and all government bidders under EO No. 398 as implemented by RR 3-2005 are now covered.
  2. Exclusion. Non-stock non-profit corporations are excluded.

Who is affected

  • Corporations with paid-up capital stock of P 10,000,000 and above
  • Corporations with complete computerized system
  • Government bidders under EO No. 398

Deadlines and effectivity

  • Applies to returns filed in October, 2007, or 15 days after publication in a newspaper of general circulation, whichever is later

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

Related issuances

CitesRR No. 02-2002RR No. 05-2004RR No. 09-2001RR No. 09-2002RR No. 16-2006RR No. 3-2005
Cited byRMC No. 19-2015RMC No. 4-2021RMC No. 69-2009RMC No. 89-2007RMO No. 01-2017RR No. 1-2010RR No. 3-2009

Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.