The Bureau of Internal Revenue (BIR) proposes Revenue Regulations to implement certain sections of the NIRC of 1997 (Tax Code), as Amended.
Government Advisories
BIR releases the revised schedule of zonal values of real properties.
BIR circularizes the consolidated Price of Sugar at Millsite for the Month of May 2021.
BIR clarifies the taxation of any income received by social media influencers.
BIR creates the Alphanumeric Tax Code (ATC) for Excise Taxes on Exports of Sweetened Beverages Products paid through Payment Form – BIR Form No. 0605.
The Bureau of Internal Revenue (BIR) circularizes the Consolidated Price of Sugar at Millsite for the Month of June 2021.
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.
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.
The Bureau of Internal Revenue (BIR) prescribes the guidelines and procedures on Digital/Online Learning in the BIR.
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.