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News & Updates

News and Updates

Welcome to our news and updates section!

Read the latest accounting, bookkeeping, and taxation news in the Philippines. In this section, we also post up-to-date information on the tax and financial systems in the Philippines and their technicalities.

BIR Large Tapayers

23 Oct: 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.