Industry and Regulatory Updates

Updates on financial industry standards and tax regulations
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...

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FeaturedSEC MC 13-2024 | ECIP

The SEC has introduced the Enhanced Compliance Incentive Plan (ECIP) as outlined in Memorandum Circular No. 13, Series of 2024. Following the success of the 2023 Amnesty Program, this plan...

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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...

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FeaturedMC 10-2024 eSECURE

SEC MC No. 10-2024 pertaining to the eSECURE system being introduced to enhance the security and efficiency of online transactions with the SEC.  eSECURE functions as a digital passport, granting...

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RMC No. 83-2024: TAX RETURNS/PAYMENT FORMS GENERATED FROM THE eONETT SYSTEM

The BIR issued RMC No. 83-2024 to inform the public that taxpayers who use the electronic one-time transaction (eONETT) system for electronic one-time transaction applications and pay their taxes manually...

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EOPT (RMC 87-2024): FAQs ON FILING OF TAX RETURNS UNDER RR NO. 4-2024

BIR issued RMC No. 87-2024 to answer the frequently asked questions relative to the filing of tax returns and payment of taxes under Section 3 of RR No. 4-2024, implementing...

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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...

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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 –...

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