NEW ATCs ADDED TO ALPHALIST DATA ENTRY MODULE V7.4
The BIR has released an updated software patch for the Alphalist Data Entry Module Version 7.4. This patch includes the newly created Alphanumeric Tax Codes (ATCs), which can be downloaded...
Updates on financial industry standards and tax regulations
R.A. No. 12214 – Capital Markets Efficiency Promotion Act (CMEPA)
Republic Act No. 12214, also known as the Capital Markets Efficiency Promotion Act (CMEPA), took effect on July 01, 2025. It introduces changes to several provisions of the National Internal...
RR 10-2025: Clarification on VAT Zero-Rating for Export-Oriented Enterprises and Registered Business Enterprises
The BIR has issued this tax advisory dated June 11, 2025 addressing concerns regarding Suppliers of Export-Oriented Enterprises (EOEs) and Registered Business Enterprises (RBEs) refusing to acknowledge VAT zero-rating certifications...
RMC 49-2025 NEW EBIRFORMS AND VAT AMENDMENT FOR EFPS USERS
BIR has issued Revenue Memorandum Circular (RMC) No. 049-2025 to announce the availability of the Offline eBIRForms Package Version 7.9.5 at https://www.bir.gov.ph/ebirforms. This already includes updates to Alphanumeric Tax Codes...
RR 8-2025 UPDATED PROCESS FOR RECONSIDERATION OF DENIED TAX REFUND CLAIMS
BIR issued Revenue Regulations (RR) No. 8-2025 to update the procedures in the resolution of requests for reconsideration on the full or partial denial of claims for refund of the...
BB 2025-01 APRIL 2025 ACCEPTANCE OF TAX RETURNS/PAYMENTS
BIR Bank Bulletin No. 2025-01, Authorized Agent Banks (AABs) will be implementing extended operations in April for accepting tax returns/payments in view of the upcoming Annual ITR 2024 deadline, as...
SEC MC 17-2024 EXTENSION OF ECIP
Further to the earlier issued update on the Enhanced Compliance Incentive Plan (ECIP), the SEC has extended the deadline for application until December 31, 2024 per SEC MC No. 17, Series...
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...