Trisha Alexis Maingat

BIR AITR Deadline Header

04 May: BIR Releases Deadline for Filing of Annual Income Tax Returns and Attachments in the Philippines

The Bureau of Internal Revenue (BIR), in an advisory published on April 28, released the deadlines for the filing of amended Annual Income Tax Returns (AITRs) and required attachments in the electronically-filed AITR of the taxable period ending on December 31, 2020. The Bureau strictly reminds taxpayers the due dates for filing to avoid penalties.

DST Exemption

28 Jul: BIR Removes Photocopies of Credit Restructuring and Extension Documents as Required Attachments in Submitting Summary Listing of Pre-existing Loans

The Bureau of Internal Revenue (BIR) released Revenue Memorandum Circular (RMC) No. 72-2020 amending the Part C of RMC 36-2020 relative to mandatory photocopies of documents involving credit extensions and credit restructuring as requirements for Documentary Stamp Tax (DST) exemption.

BIR Clearance Application POGO

16 Jul: BIR Revises Guidelines and Requirements on BIR Clearance Application of POGO Licensees and Service Providers

The Bureau of Internal Revenue (BIR) releases Revenue Memorandum Circular (RMC) No. 64-2020 indicating revisions on guidelines and requirements of Philippine Offshore Gaming Operator (POGO) Licensees and Service Providers in applying for BIR clearance. The compliance for BIR clearance application is substantial for POGO Licensees and Providers to secure the resumption of their operations in the Philippines.