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 –...
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...