The Bureau of Internal Revenue (BIR) started accepting applications from heirs who have to pay for the estate tax dues accumulated by their deceased loved ones. The issuance provides taxpayers with an estate tax amnesty program that gives reasonable tax relief to the outstanding liabilities of heirs from the inheritance of the decedent’s estate.
The Bureau of Internal Revenue (BIR) released its latest issuance for heirs of decedents with outstanding estate tax liabilities on May 29, 2019. Under the latest regulations, the BIR will impose a 6% estate tax amnesty rate for the decedent’s total net taxable estate at the time of their deaths without any penalties.
The Bureau of Internal Revenue (BIR) reminds all political bets and parties of the 2019 midterm elections to submit their Statement of Contributions and Expenditures (SOCE) to the Commission on Elections (COMELEC) and their Revenue District Office (RDO) on or before June 13.
The Philippine Economic Zone Authority (PEZA) currently explores “new frontiers in ecozone development” to revolutionize the agency while inviting private companies to take part in these ecozone projects.
The Bureau of Internal Revenue (BIR) released Revenue Memorandum Circular No. 47-2019 which prescribes the revised documentary requirements for the processing and granting of VAT refund claims.
BIR aims to “provide world-class frontline services to the taxpayers” by requiring all Revenue District Offices (RDOs) to introduce a feedback system which can measure customer satisfaction based on the services rendered by RDO personnel.
ADB’s 2019 Asian Development Outlook (ADO) shows that the Philippines’ gross domestic product (GDP) is expected to grow at 6.4% in 2019 and 2020 from last year’s 6.2%.
The latest quarterly Business Expectations Survey (BES) and Consumer Expectations Survey (CES) of the Bangko Sentral ng Pilipinas (BSP) indicate a positive outlook for the first quarter of the Philippines’ economic status.
Required Submission of Audited Financial Statements and Income Tax Return to SEC and BIR (February 22, 2017) Please be reminded that…