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.
The Bureau of Internal Revenue (BIR) released a tax advisory, issued on March 30, clarifying the amount of tax payments relative to the eFPS facility — a BIR online system for computation of penalties.
The Bureau of Internal Revenue (BIR) issued the Revenue Memorandum Circular (RMC) No. 33-2020 declaring the extended deadline of availment of the Tax Amnesty on Delinquencies from April 23 to May 23, 2020.
The Bureau of Internal Revenue (BIR) issued RMC No. 32-2020 declaring an extension to the deadline for filing of Certificate of Residence for Tax Treaty Relief (CORTT) Forms from April 13 to April 30, 2020 without penalties.
The Bureau of Internal Revenue issues RMC No. 31-2020 which extends the period for filing/ submission of documents/ correspondences under Tax Code. The extension is applicable to taxpayers whose response to their NIC, PAN, FAN, FLD, FDDA, and other similar notices fall due on dates within the period of ECQ.
The Bureau of Internal Revenue (BIR) releases Revenue Memorandum Circular (RMC) No. 30-2020, an amendment to RMC No. 29-2020 and clarifications on RMC No. 28-2020, to address confusion and inadvertent errors presented in the former circulars released relative to the extended deadlines for tax filings, payments, and other returns.
Bureau of Internal Revenue has issued Revenue Memorandum Circular No. 29-2020, an amendment to RMC No. 26-2020, relative to the extended tax filing deadlines in the Philippines.