RA NO. 12023 – VAT ON DIGITAL SERVICE PROVIDERS
The BIR issued RMC No. 126-2024, which announces the amendments on specific sections of RA No. 12023 or the National Internal Revenue Code of 1997 (the “Tax Code”), to impose...
RMC No. 91-2024 – CLARIFICATION ON BIR REGISTRATIONS
Revenue Memorandum Circular (RMC) No. 91-2024 primarily focuses to clarify thru Question & Answer registration-related procedures provided under Revenue Regulations (RR) No. 7-2024, as amended by RR No. 11-2024. Key...
FeaturedREGISTRATION OF PERSONS ENGAGED IN BUSINESS (RR No. 15-2024)
BIR has issued the RR No. 15-2024 to prescribe policies and guidelines in the mandatory registration of persons engaged in business, including brick-and-mortar stores and online trade or business pursuant...
EOPT (RR 4-2024): FILING & PAYMENT OF TAX RETURNS & OTHER MATTERS AFFECTING DECLARATION OF TAXABLE INCOME
The BIR has issued RR No. 4-2024 to implement Sections 22, 34, 51(A)(2)(e), 51(B), 51(D), 56(A)(1), 58(A), 58(C), 58(E), 77, 81, 90, 91, 103, 114, 128, 200 and 248 of...
EOPT (RR 3-2024): AMENDMENTS ON VAT AND PERCENTAGE TAX
BIR has issued Revenue Regulations (RR) No. 3-2024, implementing amendments introduced by EOPT ACT on the relevant provisions of Title IV – Value Added Tax (VAT) and Title V –...
EOPT (RRs 6 & 8-2024): CLASSIFICATION OF TAXPAYERS AND THE REDUCED PENALTIES
BIR has issued the following Revenue Regulations (RR) to implement Sections 45 and 47 of Republic Act No. 11976 (Ease of Paying Taxes Act) last April 11, 2024, which will...
MCIT RATE STARTING JULY 2023
BIR issued RMC 36-2024 (attached) to clarify the manner of computing the Minimum Corporate Income Tax (MCIT) for taxable year 2023. Since the MCIT rate has returned to its old...
EXTENDED DEADLINE FOR TY 2023 FORM 2316
BIR is extending the deadline for the submission of the BIR Form 2316 (Certificate of Compensation Payment/Tax Withheld) from February 28 to March 31, 2024, per the attached RMC No....
EXTENDED DEADLINE FOR TY 2023 EMPLOYEES ALPHALIST SUBMISSION
BIR tax advisory issued today, February 16, 2024, the updated version of the Alphalist Data Entry and Validation Module (Version 7.2) is now available at www.bir.gov.ph. Pursuant to RMC 25-2024,...