EASE OF PAYING TAXES ACT (RA 11976)
On January 5, 2024, President Ferdinand “Bongbong” R. Marcos Jr. signed into law the much-anticipated Ease of Paying Taxes Act (EOPT Act or Republic Act No. 11976). The Act was...
EXEMPTION FROM ANNUAL REGISTRATION FEE
Effective January 22, 2024, business taxpayers are no longer required to file and pay BIR Form 0605 for the Annual Registration Fee (ARF) amounting to P500.00, in compliance with Republic...
Mandated Use of Non-Thermal Paper for Receipts
BIR 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...
eCAR System Improvements
BIR issues electronic Certificate Authorizing Registration (eCAR) to avoid revenue losses related to property transfer transactions and to stop the threatening activities of tax syndicates responsible for stealing huge amount...
Issue-Based Audit
Pursuant to Revenue Memorandum Order No. 59-2016 issued on September 19, 2016, BIR prescribed policies in the conduct of issue-based audit under the VAT audit program (VAP). It aimed to increase...
Policy Amendments on Importer’s Clearance Application
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)....