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Tax Compliance

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Tax Compliance

Stay Tax Compliant Year in and Year Out

Fulfill your tax obligations on time and every time with Loft. We offer tax compliance expertise in the Philippines for companies and professionals.

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Tax Compliance Services You Can Trust

Tax season is one of the most stressful times for businesses and self-employed professionals. Loft’s tax compliance
experts help you sort out tax dues and submissions to the Bureau of Internal Revenue (BIR). We assist with the following.

Monthly Tax Returns
BIR Form 0619-E

Monthly Remittance Return of Creditable Income taxes Withheld (Expanded)

BIR Form 0619-F

Monthly Remittance Form of Final Income Taxes Withheld

BIR Form 1601-C

Monthly Remittance Return of Income Taxes Withheld on Compensation

BIR Form 2000

Monthly Documentary Stamp Tax Declaration/Return

BIR Form 2000-OT

Documentary Stamp Tax Declaration/Return (One-TimeTransactions)

BIR Form 2307

Certificate of Creditable Tax Withheld At Source

BIR Form 2550M

Monthly Value-Added Tax Declaration

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Quarterly Tax Returns
BIR Form 1601-EQ

Quarterly Remittance Return of Creditable Income Taxes Withheld

QAP

Quarterly Alphalist of Payees (QAP)

BIR Form 1601-FQ

Quarterly Remittance Return of Creditable Income Taxes Withheld

BIR Form 1701Q

Quarterly Income Tax Return For Self-Employed Individuals, Estates and Trusts

BIR Form 1702Q

Quarterly Income Tax Return For Corporations and Partnerships

SAWT

Summary Alphalist of Withholding Tax at Source (SAWT)

BIR Form 2550Q

Quarterly Value-Added Tax Return

SLSP

Summary List of Sales and Purchases (SLSP)

BIR Form 2551Q

Quarterly Percentage Tax Return

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Annual Computation and Preparation
BIR Form 1700

Annual Income Tax Return For Individuals Earning Purely Compensation Income (Including Non-Business/Non-Profession Related Income)

BIR Form 1701

Annual Income Tax Return For Individuals (including MIXED Income Earner), Estates and Trusts

BIR Form 1701-A

Annual Income Tax Return For Individuals Earning Income PURELY from Business/Profession (Those under the graduated income tax rates with OSD as mode of deduction OR those who opted to avail of the 8% flat income tax rate)

BIR form 1702-RT

Annual Income Tax Return for Corporation, Partnership and other Non-Individual Taxpayer Subject Only to REGULAR IncomeTax Rate

BIR Form 1702-EX

Annual Income Tax Return For Corporation, Partnership and Other Non-Individual Taxpayer EXEMPT under the Tax Code, as Amended, [Sec. 30 and those exempted in Sec. 27(C)] and Other Special Laws, with NO Other Taxable Income

BIR Form 1702-MX

Annual Income Tax Return For Corporation, Partnership and Other Non-Individual with MIXED Income Subject to Multiple Income Tax Rates or with Income Subject to SPECIAL/PREFERENTIAL RATE

BIR Form 1604-C

Annual Information Return of Income Tax Withheld on Compensation

BIR Form: 1604-F

Annual Information Return of Income Payments Subjected to Final Withholding Taxes

BIR Form 1604-E

Annual Information Return of Creditable Income Tax Withheld (Expanded)

BIR Form 2316

Certificate of Compensation Payment or Income Tax Withheld

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Why Outsource Tax Compliance to Loft?

It’s not easy to keep track of BIR tax dues and requirements on your own.
Rather than risk miscalculations or late filing, ensure timely submissions by outsourcing to tax compliance
professionals. Plus, you’ll stay up-to-date with the latest changes in Philippine tax regulations.

Peace of Mind

Peace of Mind

We make things easy for our clients, from calculating taxable income to preparing the correct BIR forms.

Business as Usual

Business as Usual

We take care of your tax compliance with the BIR so you can focus on growing the business.

Professional Service

Professional Service

Our in-house team has decades of experience in bookkeeping, tax compliance, and payroll.

Frequently Asked Questions (FAQs)
on Loft’s Tax Compliance Services

What are the penalties for non-compliance with the Philippine Tax Code?

Failure to submit tax returns or settle dues will incur a 25% surcharge based on the owed amount, according to the Philippine Tax Code. Additionally, taxpayers with unpaid taxes will be charged a 12% annual interest on unpaid taxes and a compromise penalty, until the full balance is cleared.

The following scenarios warrant BIR penalties:

  • Failing to file by the deadline or as required by the Tax Code
  • Failing to pay the full or partial tax due
  • Submitting returns to unauthorized individuals without BIR Commissioner approval
  • Missing the payment deadline for deficiency taxes as specified in the Notice of Assessment
Do you work with a third party bookkeeping or tax compliance team?

No. Loft has its own team of professional bookkeepers and tax experts.

Do you offer other services that are outside the scope of your defined packages?

As long as your needs fit within the general sphere of corporate bookkeeping and tax compliance, we can propose a custom service for you.

Please get in touch with the Loft Team to learn more. You may contact us via email or via phone call. You can also complete our short contact form.

How do you bill your clients?

We have services that are billed as one-time payment (e.g. year-end audit assistance, set up/migration of books). And, there are also services that are billed quarterly (e.g. payroll processing, tax filing)

Please send us an inquiry so we can send you exact details. You may contact us via email or via phone call. You can also complete our short contact form.

Are your service rates inclusive of Value Added Tax (VAT)?

No. All rates are exclusive of VAT, which will be taken into account and shown in your final invoice.

Do you only work with business owners residing in the Philippines?

Our bookkeeping, tax compliance, payroll, and other services are available to both domestic companies and foreign business owners.

What are Loft’s locations and business hours?

Loft is open from Monday to Friday. We are closed on Saturdays and Sundays. See more detailed information below:

Loft Ortigas

  • Walk-ins are welcome
  • Open from Monday to Saturday (8AM-6PM)
  • 30th Floor, One Corporate Center Meralco Ave cor. Julia Vargas Ave, Ortigas Center, Pasig, Philippines

Locate via Google Maps

Loft BGC

  • By appointment only
  • Open from Monday to Friday (8AM-6PM)
  • Unit 707, 7th Floor, One Park Drive, 11th Drive Corner 9th Avenue, BGC, Taguig, Philippines

Locate via Google Maps

Loft Quezon City

  • By appointment only
  • Open from Monday to Friday (8AM-6PM)
  • 27th Floor, IBM Plaza Building, E. Rodriguez Jr. Avenue, Eastwood, Quezon City, Philippines

Locate via Google Maps

Loft Makati

  • By appointment only
  • Open from Monday to Friday (8AM-6PM)
  • 9th Floor AIA Tower, 8767 Paseo de Roxas, Makati, 1226 Metro Manila, Philippines

Locate via Google Maps

If you have other questions that are not answered in the FAQs above, please feel free to get in touch
with us via email or via phone call. You can also complete a short contact form.