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BIR Declares Exemption from Documentary Stamp Tax for Loan Relief
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.
06 Apr 2020
BIR RMC No. 101-2021
BIR extends the deadline for the filing of applications and suspends the 90-day processing of VAT refund claims with the VAT Credit Audit Division.
29 Sep 2021
BIR Issues Clarifications on the Suspension of Enlisting/Delisting of Large Taxpayers
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.
23 Oct 2020
BIR Addresses Concerns on Filing of Tax Returns and Early Tax Payments Before the Extended Deadline
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
08 Apr 2020
BIR RMC No. 94-2021
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.
24 Aug 2021
An In-depth Look into the Philippine Business Tax System
Annually, the Philippines conducts its tax rounds for businesses nationwide. Let’s take a deeper look into the Philippine Business Tax System.
15 May 2023
BIR RMC No. 99-2021
Author Trisha Alexis Maingat Atty. Trisha Alexis R. Maingat is a Philippine lawyer providing strategic legal services in tax and…
07 Sep 2021
BIR Issues RR NO. 8-2020 Implementing Section 4(aa) of Bayanihan to Heal as One Act
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.
07 Apr 2020
BIR RMO No. 43-2022 (Notice to Issue Receipt or Invoice)
Recently, BIR released RMO No. 43-2022, requiring taxpayers and registered entities to comply with the new “Ask for Receipt” provisions.
10 Nov 2022
BIR Form 1709 and Transfer Pricing Documentation
Businesses operating in the Philippines are required to submit the required documents for their taxes. This article will discuss BIR form 1709 and TPD.
23 Feb 2023
BIR RR No. 17-2021
BIR amends certain provisions of RR No. 16-2019 to implement the extension of the Estate Tax Amnesty pursuant to RA No. 11569, which amended RA No. 11213 (Tax Amnesty Act).
10 Aug 2021
BIR Issues Standard Policy on the use of BIR Form No. 0605 For Excise Tax Purposes
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.
17 Sep 2020
BIR Officials Appeal for Passage of Tax Amnesty Law
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.
07 Jan 2021
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.
04 May 2021
BIR RMC No. 91-2021
BIR provides the guidelines in the filing of returns and payment of corresponding taxes due thereon, and submission of reports and attachments falling within the period from August 6 to 20, 2021 for taxpayers under ECQ and MECQ.
10 Aug 2021