BIR expands coverage of its electronic filing and payment system (eFPS)

April 10, 2009 by Roy · 2 Comments
Filed under: Announcement, Business news, finance, Government, Legal, Money, Taxes 

The Bureau of Internal Revenue (BIR) issued a new taxpayer rule that aims to expand the coverage of its electronic filing and payment system or eFPS.

eFPS, which was launched by BIR in 2001 to simplify filing and payment of taxes as well as improve taxpayers’ compliance, used to require only large taxpayers to use the system, or those with net worths of at least P300 million, insurance companies, and banks.
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