The local district office of the Bureau of Internal Revenue once again calls on the Boholano taxpayers to observe the deadlines for remittances of income and business taxes to avoid penalties. BIR chief, Lawyer Rogelio Balaga warns delinquent taxpayers that a new Revenue Memorandum Order dated August 8, 2007 was issued updating the schedule of compromise penalties for failure to comply with the due dates or deadlines and other promulgated BIR regulations. January 15 will be the last day for filing the monthly remittance of withheld income tax return and remittance of taxes withheld for the preceding month.

January 21 will be the last day for filing quarterly non-value added tax (non-VAT) return and payment of tax due thereon for the preceding month. January 25 will be the last day for filing of quarterly VAT return and payment of tax due for the preceding month. January 31 will be the last day for payment of the annual registration fee for taxpayers engaged in business. Business establishments also has until January 15 for the registration of permanently bound computer-generated/loose leaf books of accounts and other accounting records such as but not limited to receipts and invoices, while January 30 is the last day for submission of inventory lists. Balaga also reminds taxpayers to claim their TIN cards at the BIR office, saying that processing documents at the BIR will be delayed without the TIN card.