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SUMMARY OF PRIOR YEAR IS OBLIGATIONS, DISBURSEMENTS AND UNPAID PRIOR YEAR OBLIGATIONS For the Period Ending June 30,2014Department: NATIONAL ECONOMIC DEVELOPMENT Agency: PHILIPPINE STATISTICS AUTHORITYAnnex
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Gather documentation of income and deductions from the relevant prior years
02
List all sources of income in the appropriate section
03
Provide details of any deductions or credits that apply to your situation
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Review and double-check the accuracy of the information provided
05
Submit the completed summary of prior years to the relevant authority

Who needs summary of prior years?

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Individuals who are filing their taxes for the current year
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Anyone requesting a loan or financial assistance and requires proof of income for prior years
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Summary of prior years is a document that provides an overview of financial data and activities from previous years.
Entities or individuals who have financial data from prior years are required to file summary of prior years.
Summary of prior years can be filled out by compiling financial data and activities from previous years into a standardized format.
The purpose of summary of prior years is to provide a historical record of financial performance and activities for reference and analysis.
Information such as revenue, expenses, assets, liabilities, and cash flow from previous years must be reported on summary of prior years.
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