Notes to AFS per BIR RR15-2010
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![Page 1: Notes to AFS per BIR RR15-2010](https://reader035.fdocuments.us/reader035/viewer/2022062417/55163d864979596a0d8b46ee/html5/thumbnails/1.jpg)
RR 15-2010We value your peace of mind in taxation …
CALL-A-BRO at 044-6901833http://www.etmctabs.com/
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Certified Financial Statements
Statements of Conditions Statements of Operations Statements of Retained
Earnings Statements of Changes in
Financial Position Notes to Financial Statements
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Presentations herein are ETM convictions and belief
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[1] 15-2010
SALES EXEMPTSPECIAL
RATEREGULAR
RATE TOTAL
Vatable
Zero-rated VAT
VAT-exempt
TOTAL
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Factual / Legal Basis(for Zero-Rated and / or Exempt sales / receipts)
i.e. The taxpayer is selling
copra, according to RR 16-2005, a sale, barter, exchange or trade of copra is considered a VAT-exempt sale.
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Factual / Legal Basis(for Zero-Rated and / or Exempt sales / receipts)
i.e. In this schedule, the term
‘Zero-rated VAT sales’ means the sale to PEZA-registered taxpayers in conformity with Section 106, NIRC.
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[2] 15-2010Input tax claimed for the taxable years 2010 2009
Carry forward from the previous quarter
ADD: Importation and purchase of goods and services
For resale (Inventory)
Other than resale
Subject for amortization (fixed asset)
Not subject for amortization (fixed asset)
Lodged under cost of goods sold (cost of sale)
Lodged under other accounts (adminex and opex)
TOTAL
LESS: Claimed for tax credit / refund
Disallowed per VAT law (see schedule)
Carry forward to the next quarter
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[2] 15-2010 AGOODS / SERVICES
INVENTORY FIXED ASSETCOST OF
SALEADMINEX/
OPEX
Capital Goods <1.0M
Capital Goods >1.0M
Domestic Goods
Importation
Domestic Services
Non-resident Services
Not qualified for Input Tax
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[3] 15-2010
Per BOC’s
Landed Cost
PAYMENTSDUTIES AND
TARIFFS
TOTALVAT
Excise Tax
Accrued Paid
TOTAL
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[3] 15-2010 A
Date of Importatio
n
Import Entry
Declaration Number
Per BOC’s Landed
Cost
VAT Payments
Duties and
Tariffs
TOTAL
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[4] 15-2010
EXCISEABLESAUTOMOBILE
SOIL TOTAL
Local
Imported
TOTAL
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[5] 15-2010
DOCUMENTSSTAMP TAXES
TOTALAccrued Paid
Loan Agreements
Contracts of Lease
TOTAL
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[6] 15-2010
TAX AUTHORITYPERIOD
COVEREDTAX TYPE AMOUNT
Quezon City 2010 Business Permit
Brgy. Tandang Sora
2010 Certification
MMDA 2010 Parking Permit
Manila 2010 Real Estate
TOTAL
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[6] 15-2010 A
TAX AUTHORIT
Y
DATE PAID
OFFICIAL
RECEIPT NO.
PERIOD COVERE
D
TAX TYPE
AMOUNT
Quezon City
Brgy. Tandang
Sora
MMDA
TOTAL
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[7] 15-2010
TAX TYPE TAX BASE PAYMENT
Withholding Tax Compensation
Fringe Benefit Tax
Expanded Withholding Tax
Final Withholding Tax
TOTAL
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[8] 15-2010
2009 IT WTC EWT FBT VAT FWTTOTA
L
Basic
Interest
Surcharge
Penalty
TOTAL
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[8] 15-2010 A
i.e. The audit findings and assessments
stated herein are based on best evidence obtainable rule but there is reason to believe that they are not only incorrect but also arrived at capriciously because the assigned Revenue Officers deliberately failed and refused and still fail and refuse to examine the records submitted to them.
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[9] 15-2010
2007 IT WTC EWT FBT VAT FWTTOTA
L
Basic
Interest
Surcharge
Penalty
TOTAL
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[9] 15-2010 A
i.e. The Regional Director wilfully failed and
refused and still fails and refuses to render a valid and enforceable resolution on the protest logged even if three [3] legal notices requiring him to do so had been sent to him. Thus, the taxpayer took the initiative to elevate the audit findings and assessments herein stated to the Court of Tax Appeals to protect and safeguard its interest and assets.
Presentations herein are ETM conviction and belief
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If the schedule is NOT APPLICABLE
State the requirement of RR 15-2010
For the record and at the moment, this taxpayer does neither have civil nor criminal case in any judicial or quasi-judicial body.
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Is Peace of Mind still elusive when it comes to
taxation?
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