News & Updates

News and Updates

Welcome to our news and updates section!

Read the latest accounting and bookkeeping news and information here. In this section, we also post updates on the taxation system in the Philippines and its technicalities.

BIR Tax Deadlines

04 May: BIR Issues Amendment to Extend Deadlines for Filing and Submission of Documents and Tax Payments

The Bureau of Internal Revenue (BIR) releases Revenue Regulations (RR) No. 11-2020, pursuant to section 4(z) of the Republic Act No. 11469, otherwise known as “Bayanihan to Heal as One Act”, amending Section 2 of the RR No. 7-2020 further extending the deadlines for submission, filing, and payment of significant documents and/or taxes due to the prolonged implementation of the Enhanced Community Quarantine (ECQ) until May 15, 2020.

Authority to Print

15 Apr: BIR Further Extends the Application Time for New Authority to Print Receipt and Invoices of Taxpayers

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.