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).
The Bureau of Internal Revenue (BIR) released the guidelines for the issuance of a Tax Residency Certificate (TRC). This measure prevents unqualified taxpayers from availing tax treaty benefits and mandates the creation of a database of Filipino residents with foreign-sourced income.
The Bureau of Internal Revenue (BIR) launched a competition meant for the creation of a convenient mobile taxpayer service to streamline the current procedure for registration, filing, and payment of taxes. BIR launched the competition on October 16, 2019.
As instructed by the Department of Finance (DOF), the Bureau of Internal Revenue (BIR) is currently exploring methods to properly tax activities under the digital economy and enhance revenue collections by closing tax leakages.
The Philippines, despite the on-going Comprehensive Tax Reform Program (CTRP) of the “Corporate Income Tax and Incentives Reform Act” or CITIRA, can still convince local and foreign investors not to move out of the country.
The Philippine Economic Zone Authority (PEZA) requested for their exclusion from the rationalization of fiscal incentives under House Bill (HB) No. 4157, also known as the “Corporate Income Tax and Incentives Reform Act (CITIRA).”