The Board of Inland Revenue has implemented a new Integrated Tax Processing System whereby all taxes under its jurisdiction will be processed under one processing system.
Under this system all accounts of taxpayers will be viewed under the Taxpayer’s BIR number .
This new system requires all payments to be accompanied by the relevant return which will be mailed out to taxpayers by the Board. It also now allows a taxpayer to file a revised return.
The Board has advised that if the relevant return does not accompany payments when made it will result in the payment being placed in a suspense account until the return is filed.