RMO No. 56-2016 issued on September 2, 2016 further amended the policies, guidelines and procedures in the application and processing of BIR Importer’s Clearance Certificate (ICC) and Broker’s Clearance Certificate (BCC). The order provided amended guidelines for securing BIR-ICC and BIR-BCC to protect public interest by ensuring that they are dealing with legitimate importers and brokers and to […]
View Post BCC, BIR, Broker's Clearance Certificate, Brokers, Bureau of Internal Revenue, Clearance, Compliance, Customs Brokers, ICC, Importer's Clearance Certificate, Importers, Philippine Taxation, Revenue Memorandum Order 56-2016, RMO 56-2016BIR extended the deadline until December 31, 2016 for taxpayers to comply with the use of non-thermal paper for all kinds of invoice or receipt generating machines/software registered prior July 1, 2012 to June 30, 2013 through the Revenue Regulation No. 6-2016 dated August 6, 2016. The BIR earlier ordered newly registered enterprises to use […]
View Post Accountable Forms, Authority to Print, BIR, Bureau of Internal Revenue, Cash Register, Claim for Input Tax, Large Taxpayer, Non VAT-registered, Non-Thermal Paper, Official Receipt, Permit to Use, Point-of-Sale Machines, PWD Discount, Registration, Revenue Regulation No. 6-2016, RR 6-2016, Sales Invoice, Senior Citizen Discount, Senior Citizens, Taxpayer, VAT-registeredRevenue Memorandum Order (RMO) No. 44-2016 issued on July 26, 2016 prescribes guidelines in the tax exemption rulings to qualified non-stock, non-profit corporations and associations. Non-stock, non-profit educational institutions are constitutionally exempt from tax on all revenues derived in pursuance of its purpose as an educational institution and used actually, directly and exclusively for educational […]
View Post 1987 Constitution, BIR, Bureau of Internal Revenue, Certificate of Good Standing, Commission on Higher Education, Department of Education, Educational Institution, Income Tax, Non-Profit, Non-Stock, Philippines, SEC, Tax Exemption, Tax Exemption Rulings, Technical Education and Skills Development AuthorityOn July 13, 2016, BIR issued the Revenue Memorandum Circular No. 74-2016 to streamline the requirements and process in issuing Tax Clearances required under Executive Order No. 398. The tax clearance shall be processed and released within two (2) working days from the submission of complete documents. Documentary requirements necessary to support the application of […]
View Post BIR, Bureau of Internal Revenue, Delinquency Verification, eFPS, electronic filing and payment system, Executive Order No. 398, Revenue Memorandum Circular No. 74-2016, Streamlining, Tax, Tax ClearanceBIR officials and employees are not allowed to accept nor solicit gifts, whether from the public or the private sectors, and are directed to immediately and politely return any gift that may be given. This is the gist of the “No Gift Policy” of the BIR in its Revenue Memorandum Order No. 40-2016 on July 4, […]
View Post 1987 Philippine Constitution, Anti-Graft and Corrupt Practices Act, BIR, Bureau of Internal Revenue, Code of Conduct and Ethical Standards for Public Officials and Employees, Gifts, Graft and Corruption, No Gift Policy, Presidential Decree No. 46, Public Office, Public Trust, Republic Act No. 3019, Republic Act No. 6713Revenue Memorandum Circular No. 65-2016 dated June 23, 2016 clarified the rules on appropriate due date in filing and payment of tax returns when the exact due dates fall on a Saturday, Sunday, or a holiday. The circular applied to both electronic and manual filers and payers of taxes, for the purpose of imposition of […]
View Post BIR, Bureau of Internal Revenue, Deadlines, eBIR, eBIR Forms, eFPS, Electronic Filing and Payment, Manual Filers, Philippine Taxation, Philippines, Revenue Memorandum Circular No. 65-2016, RMC 65-2016, Tax, Tax Filing, TaxpayerOn June 1, 2016, BIR issued a new web-based facility automating the processing and generation of Certification Authorizing Registration (CAR) called Electronic Certification Authorizing Registration (eCAR) system. Previously, CAR was manually prepared and issued, with details simply typewritten on a pre-printed, serially numbered form. BIR developed the eCAR System to prevent instances in the past when […]
View Post BIR, BIR Form No. 2313, Bureau of Internal Revenue, Certification Authorizing Registration, eCAR, eCAR System, Land Registration Authority, Philippine Taxation, Registry of Deeds, Revenue Memorandum 22-2016, RMO 22-2016, Transfer of PropertiesOn June 1, 2016, BIR has issued Revenue Regulation No. 5-2016 to give additional criteria for accreditation of printers engaged in printing services of official receipts, sales invoices and other commercial receipts, validation period of such accreditation and its effect on taxpayer’s input VAT claim. Additional criteria in the accreditation of printers The additional criteria are the […]
View Post BIR, BIR List of Accredited Printers, Bureau of Internal Revenue, Cannot be Located Taxpayer, Certificate of Accreditation, Inactive Taxpayer, Philippine Taxation, Philippines, Printer, Printer Accreditation, Registration, Revenue Regulation No. 5-2016, RR 5-2016, Tax, Tax ComplianceRevenue Memorandum Order (RMO) No. 19-2016 dated May 17, 2016 prescribed the use of Revised Taxpayer Type Classifications and adopt the latest 2009 Philippine Standard Industrial Code (PSIC) and 2012 Philippine Standard Occupational Code (PSOC), amending RMO No. 2-2014. Among the policies prescribed are: The standard taxpayer type classifications and its corresponding codes shall be […]
View Post BIR, Bureau of Internal Revenue, Internal Investigation Division, Passive income earners, Philippine Standard Industrial Code, Philippine Standard Occupational Code, PSIC, PSOC, Revenue Memorandum Order No. 19-2016, RMO No. 19-2016, Taxpayer Registration Information Update, Taxpayer Type ClassificationBIR issued Revenue Memorandum Order (RMO) No. 17-2016 on May 5, 2016 to supplement the guidelines in recording the tax-free exchange of properties for issuance of shares. Sec. 40 (C) of the National Internal Revenue Code of 1997 provides exceptions for exchanges solely for stock if the involved parties are pursuing mergers or consolidations. As […]
View Post Adjusted Net Asset Method, BIR, Bureau of Internal Revenue, Consolidation, Fair Market Value, Financial Statements, Gain or Loss, Issuance of Shares, Listed Shares, Mergers, National Internal Revenue Code of 1997, Philippine Financial Reporting Standards, Property Exchange, Revenue Memorandum Order No. 17-2016, RMO 17-2016, Tax, Tax-Free Exchange Ruling, Taxpayer