PROPOSED BASIC STANDARD FORMAT IN COMPLIANCE WITH THE R

RR 15-2010

Propose

Provision
In compliance with the requirements set forth
1.

The company is a VAT-registered company with

The amount of VAT output tax declared during
the year and the account title and amount
upon which the same was based. If the are
zero-rated sales/receipts and/or exempt
sales/receipts, a statement to that effect and
the legal basis therefor.
2. The amount of VAT input taxes claimed
brokendown into:
(a) Beginning of the year;
(b) Current year's domestic
purchases/payments for:
I.
Goods for resale/manufacture or
further processing
II.
Goods other than for resale or
manufacture
III. Capital goods subject to
amortization
IV. Capital goods not subject to
amortization
V.
Services lodged under cost of goods
sold
VI. Services lodged under other
accounts
(c)
Claims for tax credit/refund and other
adjustments; and
(d) Balance at end of the year.

The company has zero-rated/exempt sales am

The company is a non-VAT registered company

and based on the amount reflected in the Sale

The amount of VAT input taxes claimed are bro

Balance at beginning of th year
Current year's purchases:

Claims for tax credit/refund and othe adjustme

Balance at end of the year

3.

The landed cost of imports and the amount of

customs duties and tariff fees paid or accrued
thereon.

The landed cost of the company's importations

4.

The amount of excise tax/es are classified as fo

The amount of excise tax/es, classified per
major product category, i.e., tobacco products,
alcohol products, automobiles, minerals, oil
and petroleum, etc. paid on:
(a)
Locally Produced excisable items; and
(b) Imported excisable items.

5.

The Documentary Stamp Tax paid/accrued on

DST on loan instruments, shares of stocks and
other transactions subject thereto.

6.

Other Taxes and Licenses:

All other taxes, local and national, including
real estate taxes, license, permit fees lodged
under the taxes and licenses account both
under the Cost of Sales and Operating
Expenses account.

a.

b.

7. The amount of withholding taxes categorized

into:
(i)
Tax on compensation and benefits;
(ii) Creditable withholding taxes; and
(iii)

Final withholding taxes.

8.
Periods covered and amount/s of deficiency tax
assessments, whether protested or not.

The amount of withholding taxes paid/accrued

Tax on compensation and benefits
Creditable withholding taxes
Final withholding taxes

The company has received a final assessment

deficiency income/VAT/percentage/withholding

(Management may include here their opinion o

(Management may include here their opinion o

9.
Tax cases and amounts involved, under
preliminary investigation, litigation and/or
prosecution in courts or bodies outside the BIR.

The company has a RATE case under prelimina

ANDARD FORMAT IN COMPLIANCE WITH THE REQUIREMENTS ON THE ADDITINAL NOTES TO FINANCIA

Proposed Notes to the Financial Statements Relative to Taxpa

In compliance with the requirements set forth by RR 15-2010, hereunder are the information on taxes, duti

The company is a VAT-registered company with VAT output tax declaration of P_______ for the year based on
The company has zero-rated/exempt sales amounting to P_________ pursuant to the provisions of _________

The company is a non-VAT registered company engaged in the business of ________ and paid the amount of
and based on the amount reflected in the Sales/Gross Income Received Amount of P_______.
The amount of VAT input taxes claimed are brokendown as follows:
Balance at beginning of th year

Current year's purchases:

Goods for resale/manufacture or further processing

Goods other than for resale or manufacture

Capital goods subject to amortization
Capital goods not subject to amortization
Services lodged under cost of goods sold
Services lodged under other accounts

Claims for tax credit/refund and othe adjustments

-

- included here are all kinds of adjustments whether

additional sources of inputs or other deductions
from available inputs
Balance at end of the year

The landed cost of the company's importations amounted to P_______ for the year, with paid/accrued amou

The amount of excise tax/es are classified as follows:

Product Category
Tobacco
Alcohol
Automobiles
Oil or Petroleum

Total

Excise taxes paid/accrued

Locally Produced
Imported
- P
-

The Documentary Stamp Tax paid/accrued on the following transactions are:

Transaction
Loan Instruments
Shares of Stocks

Amount
P

DST
-

Total

P
P

Other Taxes and Licenses:

Local
Real Estate Taxes
Mayor's Permit

Professional Tax Receipt

National
BIR Annual Registration

Percentage Taxes

The amount of withholding taxes paid/accrued for the following year amounted to:
Tax on compensation and benefits
Creditable withholding taxes

Final withholding taxes

The company has received a final assessment notice from the Regional Office of ________ covering the taxa
deficiency income/VAT/percentage/withholding tax, which has been protested/agreed upon.

(Management may include here their opinion on the prbable outcome of their aplication fro installment/com

(Management may include here their opinion on the prbable outcome of their aplication fro installment/com

The company has a RATE case under preliminary investigation of the Department of Justice involving defici

AL NOTES TO FINANCIAL STATEMENTS UNDER RR 15-2010

ments Relative to Taxpayer's Taxes and Licenses

nformation on taxes, duties and license fees paid or accrued during the taxable year.

____ for the year based on the amount reflected in the Sales Account of P_________.

he provisions of _________ law/regulations.

__ and paid the amount of P_______ as percentage tax pursuant to ________ law/regulations
f P_______.

, with paid/accrued amount of P_______ as customs duties and P_______ as tariff fees.

taxes paid/accrued
Imported
-

DST
-

_______ covering the taxable year _____ amouting to P_______ inclusive of penalties, for
eed upon.

ication fro installment/compromise/abatement, in case of agreed assesssment.)

ication fro installment/compromise/abatement, in case of agreed assesssment.)

of Justice involving deficiency income tax for taxable year _____ amounting to P_______.