The Bureau of Internal Revenue (BIR) releases Revenue Memorandum Circular (RMC) No. 37-2020, relative to Revenue Regulations (RR) No. 7-2020 and pursuant to Republic Act (RA) No. 11469, otherwise known as the “Bayanihan to Heal as One Act”, addressing the concerns of taxpayers on possible imposition of additional penalties or non-recoveries of taxes paid if they file and pay taxes prior to the implemented extension of tax deadlines

The Bureau of Internal Revenue (BIR) releases Revenue Memorandum Circular (RMC) No. 38-2020, under the provisions of Revenue Regulations (RR) No. 4-2019 as amended by RR No. 5-2020, declaring changes on the duration for availment of Tax Amnesty on Delinquencies due to current circumstances.

The Bureau of Internal Revenue (BIR) instructed Philippine Offshore Gaming Operators (POGO) to remit their monthly withholding taxes on or before August 10, 2019. Under the mandated modes of filing and payment, employers have to remit withholding taxes from their employees on the 10th day after the end of the previous month.

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. 

The Bureau of Internal Revenue (BIR) releases Revenue Memorandum Circular (RMC) No. 39-2020, under the provisions of Revenue Regulations (RR) No. 7-2020 and pursuant to Section 4(z) of the Republic Act (RA) No. 11469 or the “Bayanihan to Heal as One Act”, declaring changes in the statutory deadlines for filing and/or submission of certain documents, returns, and payment of certain taxes.

The Bureau of Internal Revenue (BIR) releases Revenue Memorandum Circular (RMC) No. 35-2020, pursuant to Revenue Regulations (RR) No. 8-2020, declaring exemption from Documentary Stamp Tax (DST) as a relief for payment of loans.

BIR publishes the Agency Accountability Timelines under Section 5.0 of the Inter-Agency Task Force (IATF) Memorandum Circular No. 2021-1 titled “Guidelines on the Grant of the Performance-Based Bonus (PBB) for the Fiscal Year (FY) 2021 under Executive Order No. 80, s. 2012” and published under RMC No. 85-2021.

The Bureau of Internal Revenue (BIR) releases Revenue Memorandum Circular (RMC) No. 46-2020 declaring the guidelines and requirements of Philippine Offshore Gaming Operator (POGO) Licensees and Service Providers to secure their application for BIR clearance, allowing resumption of operations.

BIR releases the revised schedule of zonal values of real properties.

The Bureau of Internal Revenue (BIR) releases Revenue Regulations (RR) No. 8-2020, pursuant to the provisions of Section 244 of the National Internal Revenue Code (NIRC) as amended, implementing the Section 4(aa) of Bayanihan to Heal as One Act.

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.

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

The Bureau of Internal Revenue (BIR) releases Revenue Memorandum Circular (RMC) No. 41-2020, relative to Proclamation No. 929 implementing the Enhanced Community Quarantine (ECQ) and Republic Act (RA) No. 11469 or the “Bayanihan to Heal as One Act”, clarifying extensions in the time of application for new Authority to Print (ATP) receipts and/or invoices of taxpayers.

The Bureau of Internal Revenue (BIR) reminds all political bets and parties of the 2019 midterm elections to submit their Statement of Contributions and Expenditures (SOCE) to the Commission on Elections (COMELEC) and their Revenue District Office (RDO) on or before June 13.

BIR suspends the running of the statute of limitations on assessment and collection of taxes pursuant to Section 223 of the NIRC of 1997, as amended, due to the declaration of ECQ and MECQ in the National Capital Region and other areas of the country.