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.
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.
The Bureau of Internal Revenue releases Revenue Memorandum Circular No. 28-2020 which extends the deadline for the filing and payment of 2019 Annual Income Tax Returns (AITRs).
Several youth groups are currently pushing for Congress to pass Senate Bill (SB) No. 1074 into law, a bill that seeks to raise excise taxes on alcohol, heated tobacco products, vapes, and e-cigarettes.
The salary differential under Republic Act No. 11210, otherwise known as “The Expanded Maternity Leave Law” is now tax-free because it is considered a benefit, according to the Bureau of Internal Revenue (BIR).