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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 Clarifies Exemption from Documentary Stamp Tax for Loan Relief
The Bureau of Internal Revenue (BIR) releases Revenue Memorandum Circular (RMC) No. 36-2020, pursuant to Revenue Regulations (RR) No. 8-2020 and RMC No. 35-2020, clarifying the exemption from Documentary Stamp Tax (DST) as a relief for payers of qualified loans.
07 Apr 2020
BIR Issues RR No. 7-2020 Extending the Deadlines for Filing and Submission of Documents, Returns, and Tax Payments
The Bureau of Internal Revenue (BIR) releases Revenue Regulations (RR) No. 7-2020 which provides relief to taxpayers who are not able to settle the required documents and taxes subjected for submission, filing, and payments.
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 Releases Proposed RR
The Bureau of Internal Revenue (BIR) proposes Revenue Regulations to implement certain sections of the NIRC of 1997 (Tax Code), as Amended.
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 Offers Tax Incentives For Production and Imports of COVID-19 Essentials
The Bureau of Internal Revenue (BIR) allows manufacturers and importers of COVID-19 essentials to enjoy fiscal incentives during the COVID-19 pandemic.
22 Oct 2020
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 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 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 Collaborates with DBP and MyEG for Online Tax Payment
BIR teams up with DBP and MyEG for the implementation of an enhanced online tax payment service in the Philippines.
21 Jan 2022
BIR Praised for Bringing Services ‘Closer’ to Taxpayers
BIR was lauded for its efforts in putting services closer to taxpayers in the Philippines
21 Sep 2022
BIR Begins Implementation of Estate Tax Amnesty Scheme
The Bureau of Internal Revenue (BIR) started accepting applications from heirs who have to pay for the estate tax dues accumulated by their deceased loved ones. The issuance provides taxpayers with an estate tax amnesty program that gives reasonable tax relief to the outstanding liabilities of heirs from the inheritance of the decedent’s estate.
25 Jun 2019
BIR RMC No. 98-2021
BIR circularizes the consolidated Price of Sugar at Millsite for the Month of May 2021.
01 Sep 2021
BIR RMC No. 97-2021
BIR clarifies the taxation of any income received by social media influencers.