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Year-end Tax Compliance

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

When is the deadline for payment of the Annual Registration Fee (ARF)?

a)

January 31

b)

January 30

c)

Februardy 28

d)

January 15

2.

The deadline of filing/submission of the following is January 31, 2022? Which is not?

a)

BIR Form No. 1604F

b)

BIR Form No. 1604C

c)

Inventory List

d)

Lessee Information Statement

3.

When is Audited Financial Statements required?

a)

Gross Sales/Receipts/Income exceeds P3M

b)

Gross Sales/Receipts/Income do not exceed P3M

c)

Taxpayer availed 8% Income Tax

d)

Gross Sales/Receipts/Income exceeds P150,000 per quarter

4.

When is the deadline for the submission of Inventory List for the taxable year ending December 31, 2021?

a)

January 31, 2022

b)

January 15, 2022

c)

January 30, 2022

d)

February 28, 2022

5.

Where to submit the Lessee Information Statement?

a)

to the RDO where the taxpayer is registered

b)

to the RDO where the commercial space is located

c)

to the RDO where the head office is registered

d)

to the RDO where the branch office is located

6.

When is the deadline for submission of BIR Form 1604-E?

a)

January 31

b)

February 28

c)

March 1

d)

January 30

7.

When should the employer furnish every employee the Certificate of Compensation Payment / Tax Withheld (BIR Form No. 2316)?

a)

on or before January 15

b)

on or before January 31

c)

on or before February 28

d)

on or before January 30

8.

What is the revenue issuance allowing the use of USB memory stick in the submission of BIR Form No. 2316?

a)

RR No. 11-2018

b)

RR No. 11-2013

c)

RR No. 2-2015

d)

RMC 24-2019

9.

When is the deadline for registration of Bound, loose-leaf books of accounts and other accounting records for calendar year ending December 31, 2021?

a)

January 15, 2022

b)

January 30, 2022

c)

January 31, 2022

d)

February 28, 2022

10.

How much is the penalty for non-filing/submission of information returns like BIR Form 1604-E, 1604-C, and 1604-F?

a)

P1,000 for each failure

b)

P25,000 for each failure

c)

P1,000 for each failure but shall not exceed P25,000 for all such failures during a calendar year

d)

P50,000