Completion and Filing of Return

Here you can learn how to complete and file Tax Return - Individuals, property tax returns, profits tax returns, and the consequences if you fail to submit the relevant tax return(s).

Tax Return – Individuals (BIR60)

If you receive Tax Return – Individuals (BIR60) from the Inland Revenue Department, you must complete, sign and file it in time even if you do not have any income to report.

If you are married for all or part of the year and have elected joint assessment or personal assessment or have been nominated by your spouse to claim home loan interest deduction, your BIR60 should also be signed by your spouse.

Property Tax Return (BIR57 or BIR58)

You have to report income from property jointly owned or co-owned by yourself with other person(s) (including corporation and body of persons) in the Property Tax Return (BIR57).

To report income from property held by corporations or bodies of persons, you have to complete Property Tax Return (BIR58).

Profits Tax Return (BIR51 or BIR52 or BIR54)

If you carry on a trade, profession or business in the form of a corporation, partnership business or if a non-resident person is chargeable to profits tax in your name, you must complete all items in the following profits tax returns (if applicable) to report the profits tax liability:

• Profits Tax Return - Corporations (BIR51)
  
• Profits Tax Return - Persons Other Than Corporations (BIR52)
  
• Profits Tax Return - In Respect Of Non-Resident Persons (BIR54)

Failure to Submit Tax Return

In all cases if you cannot lodge a tax return by the due date or the extended due date, estimated assessment will be issued and you may be required to pay more tax. You may also be subject to penalty proceedings which include payment of penalty, or even prosecuted.