Tax Archives

Aug 08, 2019 08:54 AM

MAGSAYSAY, Davao del Sur — The local chief executive here has expressed confidence for a continued uptrend in local tax collection in the next three years.

“Our local revenues are steadily improving since I assumed office in 2013. And I have to congratulate the local finance committee (LFC) for a job well done making the municipality of Magsaysay as the No. 1 in collection efficiency in Davao del Sur for 2018,” Mayor Arthur Davin said during his State of the Municipality Address (SOMA) on Monday.

Davin recalled that when he first came into office in 2013, the local revenue was at just around PHP5.4 million. In 2018, he noted that the local finance committee reported a whooping PHP13.8 million collection.

For this year, the mayor said the local treasury collected PHP10.1 million in the first half alone.

“One of the factors for this new development is the revision in some of the provisions of our existing local tax code which I considered a very outmoded one. It will no longer fit at this point in time,” Davin said.

Davin has called on the municipal council to pass a new tax code to reflect the current economic realities so that the local government unit can better respond to “the needs of the time.”

He said the town’s rising tax revenues can be attributed to collection efficiency, greater purchasing power among residents, improved production of high-value crops and fruit trees because of investments in farm to market roads, reduced transportation cost, and better market access among farmers and traders. (PNA)

Source: http://www.pna.gov.ph/

Aug 08, 2019 08:53 AM

MANILA — The Court of Tax Appeals (CTA) has turned down a petition filed by petroleum giant Petron Corporation seeking a tax credit for the importation of alkylate six years ago.

In its 15-page decision dated July 19, the tax court through Associate Justice Cielito N. Mindaro-Grulla denied Petron’s petition for lack of merit and affirmed the Oct. 26, 2017 decision of the CTA’s Second Division.

The CTA Second Division turned down the firm’s claim for refund for excise tax paid on the importation of alkylate, which is considered as gasoline still in its “unfinished” state.

Excise taxes amounting to a total PHP67.95 million was paid by Petron for three importations of alkylate in August and December 2013.

On June 5, 2015, Petron filed an administrative claim for refund of excise tax with the Bureau of Internal Revenue.

The CTA en banc upheld the tax court division’s ruling that the law does not qualify whether the mineral oil or motor fuel subject to excise tax could be commercially used.

“(T)he law is categorical when it stated that there shall be collected on refined and manufactured mineral oils and motor fuels excise taxes which shall attach to the goods enumerated as soon as they are in existence as such. Therefore, whether alkylate is not finished gasoline is immaterial, because excise tax attaches upon it as soon as it is in existence as such,” the CTA said. (PNA)

Source: http://www.pna.gov.ph/

Feb 22, 2019 07:10 AM

MANILA — Malacañang on Monday backed the Bureau of Internal Revenue’s (BIR) decision to require foreign and Philippine offshore gaming operators (Pogo) to register with the Philippine Amusement and Gaming Corporation (PAGCOR) before their licenses to operate can be renewed.

Presidential Spokesperson Salvador Panelo described this development as a “good measure” since it also aims to monitor the number of Chinese nationals working in the online gaming industry.

“That’s a good measure, to determine exactly how many Chinese nationals were here in violation of our laws,” Panelo said in a Palace briefing.

Asked if the executive was alarmed by the rise in the number of Chinese workers in the country, Panelo explained that it was simply to make it easier to collect corporate tax more efficiently.

Siguro hindi naman alarm, siguro gusto talaga ma-determine ng BIR yung number of nationals kasi konektado yun sa declaration ngincome. Para makakolekta tayo ng tamang corporate tax (Perhaps we’re not alarmed, perhaps the BIR just wants to determine the number of nationals because it’s connected to the declaration of income. So that we can collect correct corporate tax),” he added.

Under BIR’s Revenue Memorandum Circular (RMC) 78-2018 last year, “foreign-based and Philippine-based operators, including those that have already been issued an offshore gaming license by PAGCOR, are required to register with the BIR on or before the commencement of business; or before payment of any tax due; or before or upon filing of any applicable tax return, statement or declaration”.

The Senate Committee on Labor, Employment and Human Resources Development is set to hold a hearing on the influx of illegal foreign workers in the Philippines on Feb. 21.

This after Senator Joel Villanueva, chair of the committee, expressed concern over the growing number of Chinese nationals working in the country.

Citing National Bureau of Investigation (NBI) data, Villanueva said 95 percent of foreign nationals arrested or charged in court for various offenses last year were Chinese nationals.

Of the cases involving Chinese nationals, 114 individuals have been arrested for illegal online gambling.

Earlier, former President Benigno Aquino III also expressed concern over the increased presence of Chinese skilled workers in the country taking over jobs supposedly for Filipinos.

The Department of Public Works and Highways (DPWH), however, assured that it will prioritize the employment of Filipino skilled workers before hiring foreigners. (PNA)

Source: www.pna.gov.ph/

Feb 22, 2019 07:09 AM

The Bureau of Internal Revenue (BIR) fell short of its P2.043-trillion revenue target for 2018, collecting only P1.961 trillion in taxes last year, BIR Assistant Commissioner for Collection Services Alfredo Misajon reported to the House Committee on Ways and Means Tuesday.

The BIR official said the collection shortfall reached P82.04 billion or 4.01 percent as against target.

Tax collection in 2018 was 10.5 percent higher than in 2017’s P1.780 trillion, Misajon noted. Of the P1.961-trillion collection in 2018, P982.47 billion came from income tax collection; P358.27 billion from Value-Added Tax; P290.64 billion from excise tax; P113.93 billion from percentage tax; P216.21 billion from other taxes; P3.65 billion from estate tax; and P3.50 billion from donors tax.

“We think the decrease, the 4.01-percent is still tolerable level, considering the fact that the salaried employees benefited from this,” Misajaon said.
But, Nueva Ecija Rep. Estrellita Suansing raised eyebrows at Misajon’s “unacceptable” declaration.

“Hindi acceptable that the deficit of 4.01 percent is tolerable. Once the target is set, you are bound to meet your targets,” she pointed out.

She even chided Misajon for not being “specific with his reasons” for the shortfall.

“Andami naming kalaban dito sa TRAIN (Tax Reform for Acceleration and Inclusion) law pero kayo sa BIR hindi nyo ginagawa ang dapat nyong gawin,” Suansing said.

TRAIN Law or Republic Act 10963, which was signed on December 19, 2017 and took effect on January 1, 2018, reduced the personal income tax, but imposed higher tax on sugary beverages, fuel, cars and tobacco.

Misajon said one of the economic factors which affected the performance of their collection is the inflation.

“Naglinger kasi, medyo mahabang period, the consumption pattern of our consumers. In fact sa report ng NEDA, nag contract yung consumption, and of course resulting to that, nag contract ‘yung consumption, bababa ‘yung dinedeclare ng businesses. Some of them may go out of business, some might have shifted to other kinds of non taxable consumption, na wala na kaming makokolekta na taxes,” he said.

During the hearing, he disclosed that the BIR failed to meet its P332.80-trillion excise tax collection target and P435.88-trillion VAT collection target for 2018. Last year, BIR only collected P290.64-trillion in excise taxes and P358.27-trillion in VAT.

He attributed the VAT collection shortfall to the reported decrease in revenues/receipts from sale of goods and services; and increase in input taxes claimed from purchase of services/domestic goods and importation.

Misajon cited the following the reasons for the excise tax collection shortfall: a. Petroleum—loss of market share by two refineries-Petron and Pilipinas Shell; importations of diesel and LPG grew by 158 percent and 184 percent, respectively; petroleum products did not generate excise tax; and fuel marketing project was not implemented; b. Sweetened beverages—shift from high-fructose corn syrup (HFCS) at the rate of P12 per litre to ordinary sugar at P6 per liter; c. Automobile—decline in volume of removals and higher excise tax on most cars; d. Minerals—appeal of tax exemption by Semirara Mining and Power Corp. and suspension of operation of some mining companies; and e. Cosmetic procedures— implementing rules and regulations have not been issued.

“But overall, yung collection ng BIR despite the perfect storm that hit us, the high inflation and the deteriorating peso dollar rate, we survived. In fact, we registered a double-digit increase in our collection, that’s a good sign. Hopefully this year, na nag taper out na yung inflation pressure, we expect that business environment will continue to prosper,” he said.

During the hearing, Surigao del Sur Rep. Johnny Pimentel asked the BIR about its revenue target for 2019 and to ensure that it would meet its collection target for this year.

Misajon expressed confidence that they would meet their P2.339-trillion collection target for 2019, given the “improving” economic condition.

“With the current performance of the economy, I think we are pretty well confident that we will reach the goal, the fact that the storm that had prevailed last year is not present. At the moment, we feel that the economic condition is improving then there are indications that we can have very good collection prospect,” he told the panel.

For his part, BIR Commissioner Ceasar Dulay said the agency will exhaust all means to reach its target.

“Well, we’ll have to do everything to reach the target. We have programs already. We have a program of intensified audit, and we have to continue with our RATE (Run Against Tax Evaders) program,” he said.

He said the reason for the collection shortfall is “a combination of factors.”

Source: https://news.mb.com.ph/

Feb 22, 2019 06:35 AM

The Court of Tax Appeals (CTA) has sentenced a gold trader of up to 10 years in jail for filing false income tax returns (ITR) for the years 2005 to 2009.

BIR
(Manila Bulletin File Photo)

The Court’s Third Division also ordered Rex Chua Co Ho to pay the Bureau of Internal Revenue (BIR) deficiency income taxes amounting to P12.2 billion for the five-year period including nterest and surcharges.

The consolidated tax evasion cases arose from non-declaration of the businessman’s income from multi-billion peso gold and silver transactions with the Bangko Sentral ng Pilipinas (BSP).

Ho admitted he did not include the sale of the gold and silver in his ITRs on the honest belief that it was tax exempt, pointing out that the BSP did not collect the required withholding tax.

He said what was declared was his earnings derived from his store Rex Gift Shoppe based along Ongpin St., Sta. Cruz, Manila.

In a 54-page decision, the court said the precious metal trader failed to supply correct information in his annual income tax returns as required under Section 255 of the Tax Code.

Associate Justice Erlinda Uy who penned the decision stated that the BIR was able to prove beyond reasonable doubt that the accused intentionally did not supply the correct information in his ITR.

Source: https://news.mb.com.ph/

Oct 11, 2018 11:35 PM

BIR IMPORTANT ADVISORY
The Lists of Withholding Agents required to deduct either the 1% or 2% creditable withholding tax from their suppliers of goods and services are now available in this website. Notice / Lists

Sep 17, 2018 05:54 AM

RR No. 21-2018
Provides regulations implementing Section 249 (Interest) of the National Internal Revenue Code (NIRC) of 1997, as amended under Section 75 of RA No. 10963 (TRAIN Law)
(Published in Manila Bulletin on September 17, 2018

Sep 14, 2018 11:46 AM

RMO No. 42-2018
Amends certain portion of RMO No. 29-2014 relative to the prescribed uniform format and procedures for the issuance of Certifications on the Existence of Outstanding Tax Liabilities of Taxpayers

Sep 14, 2018 11:42 AM

RMO No. 41-2018
Modifies the Alphanumeric Tax Code (ATC) for Petroleum Products under RA No. 10963 (TRAIN Act)

Sep 14, 2018 11:39 AM


RMO No. 39-2018


Amends RMO No. 25-2018 relative to the composition of the Regional Inspection Committee

Sep 14, 2018 11:32 AM


RMO No. 40-2018
Amends pertinent provisions of RMO No. 24-2017 relative to the guidelines and procedures on the use and maintenance of the BIR Dormitory in the National and Regional Offices

Sep 14, 2018 11:28 AM


RMO No. 38-2018

Creates, modifies and drops the Alphanumeric Tax Codes (ATCs) of selected revenue source under RA No. 10963 (TRAIN Law)

Sep 14, 2018 11:23 AM

RR No. 20-2018
Provides the implementing rules and guidelines on the imposition of Excise Tax on sweetened beverages pursuant to the provisions of RA No. 10963 (TRAIN Law)
(Published in Manila Bulletin on August 24, 2018)

Sep 14, 2018 11:20 AM

RR No. 19-2018
Amends RR No. 13-2018 particularly on the use of invoices/receipts of previously-registered VAT taxpayers who are now non-VAT taxpayers (Published in Manila Bulletin on August 13, 2018)

Sep 14, 2018 11:02 AM

RR No. 18-2018
Amends specific provisions of RR No. 8-2016 particularly certain guidelines on the processing of applications for Tax Clearance for bidding purposes (Published in Manila Bulletin on August 6, 2018)

Jul 03, 2018 07:42 AM

Business groups support TRAIN 2
While consumers and several other sectors are blaming the Tax Reform for Acceleration and Inclusion (TRAIN)

Jul 03, 2018 07:35 AM

Proposed easing of bank secrecy law covers everyone: Dominguez
The plan to ease the country’s bank secrecy law, which is under the proposed Package 1B

Feb 20, 2018 01:40 AM

RMO No. 105-2017
Prescribes the Revised Withholding Tax Table on Compensation pursuant to the TRAIN Law

Feb 20, 2018 01:36 AM

Republic Act No. 10963
Tax Reform for Acceleration and Inclusion (TRAIN) Law

Nov 22, 2017 08:56 AM

BIR No. 2 man quits post
The No. 2 man in the Bureau of Internal Revenue (BIR) who played a critical role in raising

Nov 22, 2017 08:36 AM

BIR launches Seal of Honesty Certification Program
This is to announce the official launch of the Seal of Honesty (SOH) Certification Program

Aug 01, 2017 05:57 AM

BIR slaps Mighty Corp. with P9.5-B tax evasion suit
The Bureau of Internal Revenue (BIR) yesterday filed a P9.56-billion tax evasion suit against local cigarette manufacturer Mighty Corporation (MC)

Feb 08, 2017 05:41 AM

RMO No. 66-2016
Prescribes guidelines for tax treatment of separation benefits

Jul 05, 2016 07:03 AM

RMO No. 38-2016
Revokes RMO Nos. 24-2016 and 25-2016

Jul 05, 2016 07:02 AM

RMO No. 25-2016
Supplements RMO No. 24-2016

Jul 05, 2016 07:00 AM

RMO No. 24-2016
Prescribes the investigation of parties in transactions involving transfer/assignment/sale of properties

Feb 03, 2016 02:27 AM

BIR extends deadline for shift to non-thermal receipts to Dec 31
MANILA, Philippines — The Bureau of Internal Revenue (BIR) has given new businesses until yearend

Dec 01, 2015 07:58 AM

BIR clarifies tax treatment for Uber, GrabTaxi
MANILA, Philippines – The Bureau of Internal Revenue has clarified the tax treatment for transport network

Dec 01, 2015 07:53 AM

BIR reshuffles revenue district officers
Commissioner Kim S. Jacinto-Henares of the Bureau of Internal Revenue (BIR) has reshuffled at least 23

Nov 10, 2015 07:45 AM

RMC No. 57-2015
Submission of Inventory List and Other Reporting Requirements

Nov 10, 2015 07:43 AM

RMC No. 61-2015
EXTENDING THE DEADLINE FOR SUBMISSION OF INVENTORY LIST

Apr 10, 2015 01:47 AM

eBIRForms – Bureau of Internal Revenue
Form No. Latest Revision Date Form Name 1 0605 July 1999 (ENCS) Payment Form 2 1600 September 2005 (ENCS) Monthly Remittance Return of…

Mar 26, 2015 09:25 AM

RMO No. 7-2015
Prescribes and implements the revised consolidated Schedule of Compromise Penalties for Violations of the National Internal Revenue Code
March 23, 2015 | Digest | Full Text | Annex A

Mar 26, 2015 09:23 AM

RMC No. 9-2015
Circularizes the enhanced BIR registration forms for the implementation of Taxpayer Registration System under Electronic Tax Information System (eTIS-1)
March 11, 2015 | Digest | Full Text | Form 1901 | Form 1902 | Form 1903 | Form 1904 | Form 1905 | Form 2305

Mar 25, 2015 09:38 AM

RR No. 5-2014
Amendment to RR No. 5-2014 dated september s, 2014 and lmposition of Penalties for Failure to File Returns Under the Electronic Systems
March 17, 2015

Mar 19, 2015 08:08 AM

RR 5-2015
Amends RR N0. 6-2014 and imposes the penalties for failure to file returns under the electronic system of the BIR by taxpayers mandatorily covered by eFPS or eBIRForms (Published in Manila Bulletin on March 19, 2015)
March 17, 2015 | Full Text | Annex A

Mar 19, 2015 08:05 AM

RR No. 6-2014
Prescribes the mandatory use of Electronic BIR Forms in filing of all tax returns by non-electronic Filing and Payment System filers particularly accredited tax agents/practitioners..(Published in Manila Bulletin on September 9, 2014)
September 8, 2014 | Digest | Full Text

Mar 17, 2015 05:45 AM

RR No. 3-2015
Implements the provision of RA No. 10653, more particularly on the increase to P 82,000.00 of the total amount of exclusion from gross income for 13th month pay and other benefits.. (Published in Manila Bulletin on March 16, 2015)
March 13, 2015 | Digest | Full Text

Mar 17, 2015 05:38 AM

RMO No. 5-2015
Amends RMO No. 4-2015 on the allocation of the CY 2015 BIR collection goal by implementing office
March 12, 2015 | Digest | Full Text | Annexes Table 1 to 5

Mar 17, 2015 05:06 AM

RMO No. 5-2015
Amends RMO No. 4-2015 on the allocation of the CY 2015 BIR collection goal by implementing office
March 12, 2015 | Digest | Full Text | Annexes Table 1 to 5

Mar 17, 2015 04:58 AM

RR No. 4-2015
Amends further Section 2 of RR No. 13-08, as amended by RR No. 13-2013, relative to the definition of raw sugar and raw cane sugar for Value-Added Tax purposes
(Published in Manila Bulletin on March 16, 2015)
March 13, 2015 | Digest | Full Text

Mar 17, 2015 04:40 AM

RR No. 2-2015
Amendments to the Mandatory Submission of SAWT, MAP, BIR Form No. 2307 and BIR Form N. 2316 under RR No. 2-2015

Mar 13, 2015 06:06 AM

Income tax credit for April 15 by Joanna P. Manuel
APRIL 15 is just around the corner. It’s the time of the year when corporate taxpayers are finalizing their annual income tax returns (ITRs) based on their audited financial statements.

Mar 13, 2015 05:54 AM

Effectivity of RR 2-2015
RR 2-2015 requires that, for large taxpayers, CWT certificates to be attached to the SAWT/ITRs should be in scanned/PDF copies and stored in DVD-R.
(See Tax Bulletin dated March 10)

Mar 13, 2015 05:38 AM

Bank Bulletin No. 2015-03
Implementation of Certain Policies in the Acceptance of Income Tax Returns During the 2015 Income Tax filing Period
March 9, 2015 | Full Text

Mar 13, 2015 05:29 AM

RMC No. 9-2015
Circularizes the enhanced BIR registration forms for the implementation of Taxpayer Registration System under Electronic Tax Information System (eTIS-1)
March 11, 2015 |
Full Text | Form 1901 | Form 1902 | Form 1903 | Form 1904 | Form 1905 | Form 2305

Mar 13, 2015 05:18 AM

Electronic Tax Information System (eTIS):
The Taxpayer Registration System (TRS) of the Electronic Tax Information System (or eTIS-1) was rolled out in two pilot offices on February 12, 2015

Mar 13, 2015 04:00 AM

RMC No. 2-2015
Informs taxpayers relative to the availability of certain Annual Income Tax and Excise Tax Returns in Offline eBIRForms Package, which could be submitted thru the eFPS
January 9, 2015 | Digest | Full Text

Mar 13, 2015 03:58 AM

RR No. 2-2015
Amends pertinent provisions of Revenue Regulations (RR) No. 2-2006 and RR No. 11-2013 with respect to the submission of copies of BIR Form Nos. 2307 and 2316
March 5, 2015 | Full Text | Annex A | Annex B | Annex C

Mar 12, 2015 10:52 AM

One Lightning Corporation
Posted: 10 March 2015

Mar 12, 2015 10:48 AM

CIR’s Announcement re: eFPS and eBIRForms:
Identifiedtaxpayers are mandated to enroll, file their returns and pay their taxes early using the Electronic Filing and Payment Systerm (eFPS) or Electronic Bureau of Internal Revenue Forms (eBIRForms) to avoid administrative consequences.

Mar 10, 2015 09:53 AM

RMC No. 7-2015
Reiterates the tax treatment of interest income derived from long-term deposits or investments certificates as described in RR No. 14-2012 and clarified in RMC Nos. 77-2012 and 81-2012
March 6, 2015 | Full Text

Mar 10, 2015 09:51 AM

Bank Bulletin No. 2015-02
Acceptance of Tax Returns/Payments of Internal Revenue Taxes by Authorized Agent Banks (AABs) on March 28, 2015 and April 11, 2015, Saturdays, and Extension of Banking Hours up to 5:00 P.M.
February 2, 2015 | Full Text

Jan 28, 2015 02:10 AM

RMC No. 6-2015
Publishes the full text of Executive Order No. 173 entitled “Reduction and Condonation of Real Property Taxes and Interest/Penalties Assessed on the Power Generation Facilities of Independent Power Producers under Build-Operate-Transfer Contracts with Government-Owned and/or -Controlled Corporations”
January 22, 2015 | Digest | Full Text

Jan 28, 2015 02:08 AM

RMC No. 5-2015
Publishes the full text of Presidential Administrative Order No. 45 entitled “Revoking Letter of Instruction No. 1479, Series of 1985”
January 22, 2015 | Digest | Full Text

Jan 20, 2015 02:03 AM

RMC No. 4-2015
Publishes the full text of Department Order No. 107-2014 issued by the DOF entitled “Rules on Accreditation with the Bureau of Customs for PEZA Locators”
January 13, 2015 | Digest | Full Text

Jan 12, 2015 10:03 AM

RR No. 1-2015
Further amends RR Nos. 2-98 and 3-98, as last amended by RR Nos. 5-2008, 5-2011 and 8-2012, relative to “De Minimis Benefits”
(Published in Manila Bulletin on January 6, 2015)
January 5, 2015 | Digest | Full Text

Jan 12, 2015 10:01 AM

RMO No. 1-2015
Further amends certain provisions of RMO No. 10-2014, as amended by RMO No. 33-2014
January 7, 2015 | Digest | Full Text | Annex A | Annex A-1 | Annex B | Annex C | Annex D | Annex E | Annex F |

Jan 12, 2015 09:18 AM

RMC No. 1-2015
Circularizes the revised BIR Form No. 0217 (Application for Contractor’s Final Payment Release Certificate) November 2014 ENCS
January 7, 2015 | Digest | Full Text | Annex A

Jan 12, 2015 09:15 AM

RMC No. 2-2015
Informs all taxpayers and others concerned relative to the online submission of certain Annual Income Tax and Excise Tax Returns thru the eFPS
January 9, 2015 | Digest | Full Text

Jan 12, 2015 09:13 AM

Tax reminders at the start of the year
BIR Annual registration fee — As a basic compliance requirement with the BIR, the annual registration fee should be paid on or before Jan. 31, 2015.

Jan 05, 2015 03:34 AM

RMC No. 86-2014
Clarifies the valuation of contributions or gifts actually paid or made in computing taxable income
December 5, 2014 | Digest | Full Text | BIR Form No. 2322

Jan 05, 2015 03:31 AM

RR No. 10-2014
Amends further Section 3 of RR No. 9-2001, as amended, expanding the coverage of taxpayers required to file
December 10, 2014 | Digest | Full text

Dec 12, 2014 01:50 AM

Revenue Regulations No. 10-2014
Amends further Section 3 of RR No. 9-2001, as amended, expanding the coverage of taxpayers required to file..
December 10, 2014 | Digest | Full text

Dec 12, 2014 01:46 AM

PUBLIC HEARING: Revised Schedule of Compromise Penalties
The BIR shall conduct a Public Hearing on the draft revenue issuance entitled
December 18, 2014 | Notice | Annex A for Comments

Dec 11, 2014 10:11 AM

ADVISORY FOR eDST System Users:
Payment of Documentary Stamp Tax, for purposes of utilization in the eDST System, cannot be processed…

Dec 11, 2014 10:10 AM

Starting on September 24, 2014, selected Non-Electronic Filing and Payment System (Non-eFPS) filers are mandated to use the Electronic BIR Forms (eBIRForms) in the preparation and filing of all their tax returns

Dec 11, 2014 10:05 AM

RMO No. 38-2014
Prescribes the uniform policies and guidelines on the implementation of cash disbursements for tax refunds thru the Trust Receipt Fund
December 9, 2014 | Full Text | Annex A | Annex B | Annex C | Annex D | Annex E | Annex F | Annex G

Dec 11, 2014 10:00 AM

RMC No. 86-2014
Clarifies the valuation of contributions or gifts actually paid or made in computing taxable income
December 5, 2014 Digest | Full Text | BIR Form No. 2322

Dec 11, 2014 09:59 AM

RMC No. 87-2014
Suspends all audit and other field operations of the BIR effective December 16, 2014
December 9, 2014 | Full Text

Dec 08, 2014 01:40 AM

SEC MEMORANDUM CIRCULAR NO. 21
Guidelines Governing the Computation of Corporate Term
Posted: 1 December 2014

Dec 08, 2014 01:22 AM

Public Seminar for Financing Companies on 12 December 2014
Posted: 28 November 2014

Dec 08, 2014 01:22 AM

Public Seminar for Foundation on 11 December 2014
Posted: 28 November 2014

Dec 05, 2014 03:04 AM

RMC No. 82-2014
Publishes the full text of Joint Circular No. 002.2014 of the DOF, DBM, BOC and BIR, providing for the establishment of…
Dec 2, 2014 | Full Text | Joint Circular

Nov 12, 2014 07:43 AM

AMENDMENT TO THE REVISED CODE OF CORPORATE GOVERNANCE

Nov 12, 2014 07:42 AM

NOTICE: AMENDMENT TO THE REVISED CODE OF CORPORATE GOVERNANCE

Nov 12, 2014 07:41 AM

COMPLIANCE WITH SEC MEMORANDUM CIRCULAR NO. 9 SERIES OF 2014
To grant extension of compliance with subject MC 9 is until 31 DECEMBER 2014. Basic penalty of P20,000

Nov 07, 2014 01:25 AM

RR No. 9-2014
Further amends the provisions of RR No. 7-2014, specifically the deadlines prescribed under Section 13 thereof
November 5, 2014 | Full Text

Nov 07, 2014 01:24 AM

RMC No. 79-2014
Clarifies the tax treatment of stock option plans and other option plus
November 3, 2014 | Full Text

Oct 30, 2014 06:31 AM

RMC No. 78-2014
Circularizes clarifications on the requirement of FDA Certification for the feed ingredients enumerated in RMC No. 66-2014
October 24, 2014 | Digest | Full Text

Oct 30, 2014 06:18 AM

RMC No. 77-2014
Clarifies certain requirements on the processing of applications for cash conversion of Tax Credit Certificates
October 13, 2014 | Digest | Full Text

Oct 30, 2014 06:16 AM

RMC No. 70-2014
Clarifies the requirements for the issuance of Certifications on Outstanding Tax Liabilities/Delinquency Verification Slips
September 9, 2014 | Digest | Full Text

Oct 30, 2014 06:13 AM

BIR CLARIFIES REQUIREMENTS FOR PROCESSING OF TAX REFUND, TCC CASH CONVERSION AND VAT MONETIZATION

Oct 30, 2014 06:10 AM

RR No. 8-2014
Amends the provisions of RR No. 7-2014, specifically the deadlines prescribed under Section 13
October 17, 2014 | Digest | Full Text

Oct 30, 2014 06:08 AM

RR No. 7-2014
Prescribes the affixture of Internal Revenue Stamps on imported and locally manufactured cigarettes
September 12, 2014 | Digest | Full Text | Annex A

Oct 28, 2014 02:46 AM

RMC No. 78-2014
Circularizes clarifications on the requirement of FDA Certification for the feed ingredients enumerated in RMC No. 66-2014…
October 24, 2014 | Full Text

Oct 21, 2014 05:51 AM

RR No. 7-2014
Prescribes the affixture of Internal Revenue Stamps on imported and locally manufactured cigarettes and the use of the Internal Revenue Stamp Integrated System (IRSIS)
September 8, 2014 | Digest | Full Text | Annex A

Oct 21, 2014 05:33 AM

RMC No. 77-2014
Clarifies certain requirements on the processing of applications for cash conversion of Tax Credit Certificates
October 13, 2014 | Full Text

Oct 21, 2014 05:32 AM

RR No. 8-2014
Amends the provisions of RR No. 7-2014, specifically the deadlines prescribed under Section 13 thereof…
October 17, 2014 | Digest | Full Text

Oct 08, 2014 06:53 AM

RMC No. 5-2014
Clarifies the provisions of RR No. 1-2014 pertaining to the submission of Alphabetical List of Employees/Payees of Income Payments
January 29, 2014 | Digest | Full Text | Annex A

Oct 08, 2014 06:46 AM

RR No. 1-2014
Amends the provisions of RR No. 2-98, as further amended by RR No. 10-2008, specifically on the submission… (Published in Manila Bulletin on January 13, 2014)
January 10, 2014 | Digest | Full Text

Oct 08, 2014 06:40 AM

RMC No. 54-2014
Clarifies the issues relative to the application for Value-Added Tax (VAT) refund/credit under Section 112 of the Tax Code, as amended
June 17, 2014 | Digest | Full Text | Annex A | Annex B

Sep 22, 2014 09:46 AM

SEC Memorandum Circular No. 19
Submission of the Anti-Money Laundering Operating Manual and Anti-Money Laundering Compliance Form
Date Posted: 17 September 2014

Sep 22, 2014 09:42 AM

SEC Memorandum Circular No. 18
Compliance with SEC Memorandum Circular No. 11, Series of 2014
Date Posted: 2 September 2014

Sep 22, 2014 09:40 AM

SEC Memorandum Circular No. 17
Participation and Support in the conduct of National Risk Assessment
Date Posted: 22 August 2014

Sep 22, 2014 03:01 AM

RMC No. 74-2014
Announces the availability of BIR Form Nos. 2200-A (Excise Tax Return for Alcohol Products)
September 17, 2014 | Full Text

Sep 22, 2014 03:00 AM

RMC No. 73-2014
Clarifies the Withholding Tax rates on dividend payments to Philippine Central Depository Nominees
September 15, 2014 | Full Text

Sep 10, 2014 03:03 AM

RR No. 6-2014
Prescribes the mandatory use of electronic BIR Forms in filing of all tax returns by non-electronic Filing and Payment System filers particularly accredited tax agents/practitioners…
September 8, 2014 | Digest | Full Text

Aug 29, 2014 08:57 AM

Revenue Memorandum Circular No. 66-2014
amends RMC No. 55-2012 relative to the requirement of Food and Drug Administration Certification for importations of livestock and poultry feeds or ingredients.

Aug 29, 2014 08:55 AM

Revenue Memorandum Order No. 31-2014
prescribes the regular updating of content of the BIR website using the new Content Management System.