Recently, BIR released RMO No. 43-2022, requiring taxpayers and registered entities to comply with the new “Ask for Receipt” provisions.

Author Trisha Alexis Maingat Trisha Alexis Maingat is a Digital Marketing Specialist juggling ideas to produce concepts for digital and…

Annually, the Philippines conducts its tax rounds for businesses nationwide. Let’s take a deeper look into the Philippine Business Tax System.

The BIR announced regulations on VAT zero-rating which covers IT and business process management businesses.

BIR teams up with DBP and MyEG for the implementation of an enhanced online tax payment service in the Philippines.

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 112-2020 clarifying the postponement of effectivity of the enlisted and delisted taxpayers of the Large Taxpayers Service (LTS) to January 1, 2021, relative to the memorandum released by the Bureau on September 21, 2020.

BIR clarifies the computation of Donor’s Tax in case the heir waves/renounces his share from the specific property forming part of the estate of the decedent.

In its latest advisory, BIR implemented a new payment deadline under the amended subsection of RR No. 13-2018.

The Bureau of Internal Revenue (BIR) released Revenue Memorandum Circular (RMC) No. 97-2020 establishing a standard policy/guidelines on the use of BIR Form No. 0605. The said form shall now be authorized for use on certain transactions only to avoid challenges in monitoring and reconciling the record of taxpayers.

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.

The Bureau of Internal Revenue (BIR) appeals to lawmakers to pass a general tax amnesty law supporting the ₱4.5 trillion outlay for the national government for 2021.

The Bureau of Internal Revenue (BIR) released a tax advisory, issued on March 30, clarifying the amount of tax payments relative to the eFPS facility — a BIR online system for computation of penalties. 

BIR prescribes the Consolidated Revenue Regulations on the affixture of Internal Revenue Stamps on imported and locally manufactured cigarettes, heated tobacco products and vapor products for domestic sale or for export and the use of the Enhanced Internal Revenue Stamp Integrated System (Enhanced IRSIS) for the ordering, distribution, monitoring, report generation and incorporating the strict supervision of production, release, affixture, inventory, and sale of cigarettes.

The Bureau of Internal Revenue (BIR) circularizes the Consolidated Price of Sugar at Millsite for the Month of June 2021.

The Bureau of Internal Revenue (BIR) released the guidelines for the issuance of a Tax Residency Certificate (TRC). This measure prevents unqualified taxpayers from availing tax treaty benefits and mandates the creation of a database of Filipino residents with foreign-sourced income.