Clubs , Association , Management Corporation Or Similar Instituitions
Complete the association’s yearly tax return (Form TF), submit it to the Inland Revenue Board (IRB), and also prepare the income tax computation.
should provide guidance on paying the remaining tax, depending on the association’s yearly tax return.
To provide information on the deadline for submitting the original estimated tax return (Form CP 500) and compliance requirements in relation to the estimated tax amount.
To serve as a reminder for the revised tax liability estimations
Prepare and submit the updated Form CP502 tax payment estimate, if necessary.
To transfer the CP 500 or the tax instalment plan to the business and to obtain a receipt of the same.
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