All Countries
International Trade
Tax Installment Agreement

Tax Installment Agreement Template for Philippines

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Tax Installment Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Tax Installment Agreement

"I need a Tax Installment Agreement for my manufacturing company in Manila, with a total tax liability of PHP 5 million to be paid over 24 monthly installments starting March 2025, including provisions for collateral security using company equipment."

Celebrated by
Collaborations with
Investors
Document background
The Tax Installment Agreement serves as a critical instrument in Philippine tax administration, providing taxpayers who are unable to pay their full tax liability immediately with a structured payment solution. This document becomes necessary when a taxpayer, whether individual or corporate, has acknowledged tax obligations but requires an extended payment arrangement. The agreement must comply with the National Internal Revenue Code of the Philippines and various BIR regulations, particularly Revenue Regulations No. 14-2001. It typically includes detailed payment schedules, interest calculations, default provisions, and may require collateral or guarantees depending on the amount involved. The Tax Installment Agreement is particularly relevant during economic hardships or when businesses face temporary cash flow constraints, offering a formal framework for tax compliance while maintaining business operations.
Suggested Sections

1. Parties: Identifies the taxpayer and the Bureau of Internal Revenue (BIR) as parties to the agreement

2. Background: States the outstanding tax liability, reference to tax assessment, and the taxpayer's request for installment payment

3. Definitions: Defines key terms used in the agreement including 'Tax Liability', 'Installment Period', 'Due Dates', etc.

4. Tax Liability Amount: Specifies the total amount of tax liability including any penalties and interest as of the agreement date

5. Payment Terms: Details the installment amount, payment frequency, and duration of the installment plan

6. Mode of Payment: Specifies acceptable payment methods and where payments should be made

7. Default Provisions: Outlines consequences of missing payments or breaching the agreement

8. Representations and Warranties: Taxpayer's declarations regarding financial status and ability to pay

9. Governing Law: Confirms the agreement is governed by Philippine law and BIR regulations

10. Execution: Signature blocks for both parties and notarization requirements

Optional Sections

1. Collateral Security: Required when the tax liability exceeds certain thresholds or when deemed necessary by the BIR

2. Guarantor Provisions: Included when a third-party guarantor is required to secure the payment obligations

3. Compromise Settlement: Included when part of the tax liability is subject to compromise settlement

4. Electronic Payment Terms: Required when electronic payment methods are to be used

5. Amendment Provisions: Included for agreements with longer payment terms to allow for potential modifications

6. Force Majeure: Optional clause for protection against unforeseen circumstances affecting payment ability

Suggested Schedules

1. Schedule A - Payment Schedule: Detailed breakdown of installment amounts and due dates

2. Schedule B - Tax Assessment Details: Breakdown of the tax liability by type of tax, year, and including penalties and interest

3. Schedule C - Supporting Documents: List of required documents submitted by the taxpayer

4. Appendix 1 - Financial Statement: Current financial statement of the taxpayer showing ability to pay

5. Appendix 2 - Authorization Documents: Corporate resolutions or authorization documents if taxpayer is a corporation

6. Appendix 3 - Collateral Documents: Details of any collateral provided, if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Tax Liability
Assessment
BIR
Business Day
Collateral
Default
Due Date
Effective Date
Guarantor
Installment Payment
Interest Rate
Payment Schedule
Penalties
Principal Amount
Revenue District Office
Surcharge
Tax Assessment Notice
Tax Type
Taxpayer
Term
Payment Period
Authorized Representative
Compromise Settlement
Electronic Payment
Force Majeure Event
Notice
Outstanding Balance
Payment Evidence
Philippine Peso
Revenue Regulations
Taxable Period
Tax Code
Tax Delinquency
Relevant Industries

Financial Services

Manufacturing

Retail

Real Estate

Construction

Professional Services

Technology

Healthcare

Education

Mining

Agriculture

Transportation

Hospitality

Energy

Telecommunications

Relevant Teams

Finance

Accounting

Legal

Tax

Treasury

Compliance

Corporate Secretariat

Internal Audit

Risk Management

Executive Management

Relevant Roles

Chief Financial Officer

Tax Manager

Finance Director

Accountant

Tax Consultant

Financial Controller

Corporate Treasurer

Tax Compliance Officer

Legal Counsel

Corporate Secretary

Finance Manager

Accounts Payable Manager

Tax Attorney

Business Owner

Managing Director

Industries
National Internal Revenue Code (NIRC) of 1997, as amended: The main tax law of the Philippines that provides the framework for taxation, including provisions for payment schemes and penalties.
BIR Revenue Regulations No. 14-2001: Specific regulations governing the grant of tax payment arrangements or schemes for payment of internal revenue taxes.
Civil Code of the Philippines (Republic Act No. 386): Provides general provisions on contracts, obligations, and their validity, which apply to installment agreements.
BIR Revenue Memorandum Order No. 7-2015: Guidelines for processing applications for installment payment arrangements of delinquent accounts.
Tax Reform for Acceleration and Inclusion (TRAIN) Law: Recent tax reform law that may affect tax rates and payment terms relevant to installment agreements.
BIR Revenue Memorandum Circular No. 46-2020: Updated guidelines on tax collection and assessment procedures, including installment payment arrangements during the pandemic period.
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Compromise Agreement Tax

A Philippine law-governed agreement between a taxpayer and the Bureau of Internal Revenue (BIR) for settling tax liabilities through a compromise payment arrangement.

find out more

Transfer Pricing Agreement

A legal agreement governing transfer pricing arrangements between related entities in the Philippines, ensuring compliance with local regulations and international standards.

find out more

Bilateral Advance Pricing Agreement

A binding agreement under Philippine law between a taxpayer and two tax authorities establishing agreed transfer pricing methodologies for cross-border intercompany transactions.

find out more

Tax Installment Agreement

A formal agreement between a taxpayer and the Philippine Bureau of Internal Revenue (BIR) establishing terms for paying tax liabilities through scheduled installments under Philippine law.

find out more

Tax Abatement Agreement

A Philippine legal agreement between government authorities and private entities establishing tax incentives and relief measures under Philippine tax laws.

find out more

Voluntary Withholding Agreement

A Philippine law-compliant agreement establishing voluntary tax withholding arrangements between a withholding agent and payee.

find out more

Advance Price Agreement

A formal agreement between a taxpayer and the Philippine Bureau of Internal Revenue (BIR) establishing approved transfer pricing methodologies for related-party transactions.

find out more

Fuel Tax Agreement

A binding agreement establishing fuel tax compliance and payment procedures under Philippine tax law.

find out more

Tax Indemnification Agreement

A Philippine law-governed agreement establishing tax indemnification obligations between parties, outlining tax liability coverage and claim procedures under Philippine tax regulations.

find out more

Tax Sharing Agreement

A Philippine law-governed agreement establishing tax revenue sharing arrangements between government entities, aligned with the Local Government Code and national tax regulations.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.