The Bureau of Internal Revenue (BIR) has advised self-employed and professional taxpayers to avail themselves of the 8 percent income tax rate in lieu of the graduated and higher income tax schedules and percentage tax to avoid investigation and submission of supporting documents.
The advisory came out as Revenue Deputy Commissioner for Operations Arnel Guballa issued a memorandum to revenue district officers (RDOs) on how to process and accept returns filed by taxpayers availing themselves of the privilege as prescribed under the Tax Reform for Acceleration (TRAIN) Law.
Taxpayers using the option must signify their intention annually on or before May 15.
Such choice will be irrevocable and no amendment will be allowed for the said taxable year, unless the gross sales exceeded the value-added tax threshold of P3 million in which case the taxpayer will be automatically subject to the graduated income tax rate.
If the concerned taxpayer would not avail himself/herself of the scheme, the annual gross income after claiming deductions will be subject to the graduated tax rate of up to 35.
The taxpayer who opted for eight percent income tax is no longer required to file and pay the three percent percentage tax.
The taxpayer can avail himself/herself of the privilege by using BIR Form No. 1905 (Application for Registration Information Update Correction Cancellation), or BIR Form Nos. 1901/1701Q for new business registrants.
The eight percent income tax is prescribed under Section 116 of the Tax Code.
Guballa said, “This in line with the Ease of Doing Business policy which does not require verification/routing slip whenever taxpayers visit our field offices causing delay and long waiting time before they can be entertained.”
MANILA, Philippines — Tax collections from Philippine offshore gaming operators (POGO) and their service providers rose to P6.42 billion last year amid the government’s strengthened crackdown against delinquent companies, according to the Department of Finance (DOF).
According to the latest data from the DOF, the government saw a P4.04 billion, or 169-percent, jump in tax collections from the POGO industry in 2019 from P2.38 billion in 2018.
The DOF said the higher tax take was a result of the government’s campaign against offshore gaming operators and service providers which have evaded paying taxes, including income taxes that should be imposed on foreign nationals working in these firms.
Broken down, the Bureau of Internal Revenue (BIR) said P5.13 billion of the total tax collections came from withholding taxes, P644.07 million from income taxes, while the remaining P91.13 million came from value added tax and percentage tax collections.
Collections from documentary stamp taxes reached P81.11 million, while other taxes amounted to P469.13 million.
The BIR said it also issued 170 notices to erring offshore gaming operators and service providers last year, corresponding to a total of P27.35 billion in unpaid tax liabilities from gaming operators.
In an interview with reporters, BIR deputy commissioner Arnel Guballa said more offshore gaming firms have expressed their commitment to comply with tax laws in the face of the government’s continued efforts against delinquent offshore gaming operators.
However, Guballa said there is a challenge in capturing all foreign POGO employees into the tax net as they only work in the country for a short time before going back to their home countries.
“We heard from sources that their employees come and go,” the BIR official said.
Guballa also said that the increased crackdown against offshore gaming operators did not discourage some players from conducting business in the Philippines.
“Others say they want to register, they want to secure a licence,” he said.
There are currently 60 offshore gaming operators that are licensed by PAGCOR. However, PAGCOR earlier imposed a moratorium on new licenses until such time that issues plaguing the industry are addressed.
The BIR is also monitoring 218 offshore gaming operator service providers in the country, which are estimated to employ about 108,914 foreign workers.
Last year, the BIR, through its Task Force POGO, temporarily shuttered the operations of four offshore gaming service providers.
The DOF estimates that the government would be able to generate about P2 billion in additional revenues a month from the withholding tax of foreign workers in the POGO sector.
Finance Secretary Carlos Dominguez has expressed support for a proposal of Albay Rep. Joey Salceda to impose additional taxes on the offshore gaming industry.
The Bureau of Internal Revenue (BIR) said it will file criminal charges against certified public accountants (CPA) who signed the financial statements of business taxpayers that can no longer be located (CBL).
Informed sources said revenue regional directors in Metro Manila and elsewhere have instructed their revenue district officers (RDO) to start listing down the names of these CPAs so that appropriate actions can be done.
“They will not be only be charged with tax evasion, but will be stripped of their rights to practice their profession,” said a Metro Manila revenue regional director who declined to be named.
He said the strategy is one of the programs approved by the management to meet the P2.3 trillion collection goal for the year.
Records showed that a number of taxpayers based mostly in the metropolis have been classified as CBL.
They filed returns, some electronically, but can no longer be located at their registered addresses when tax examiners visit them to audit their books of accounts signed by the CPAs.
The same source said it is not difficult to trace the whereabout of the CPAs who indiscriminately signed the tax records of their clients as the agency has the complete list of accountants authorized to transact business with agency.
Tax officials said the said CPAs can be charged with violation of Section 255 of the Tax Code for their failure to supply correct and full information of their employers.
The offense carries imprisonment from one to 10 years and a fine of P10,000.
The Bureau of Internal Revenue (BIR) has already accumulated collection of P2.170 trillion last year.
Revenue Deputy Commissioner for Operations Arnel Guballa said they expect to garner a total of P2.2 trillion when all collection reports come in.
Finance Secretary Carlos Dominguez III has expressed earlier full satisfaction over the BIR’s collection performance despite the impossibility of hitting the P2.3 trillion goal.
BIR sources said the goal was based on high economic expectations.
They said the tax enhancement measures in the Tax Reform for Acceleration and Inclusion (TRAIN) Law have not been fully realized.
They cited the tax amnesties on delinquencies and estate which deadlines are still on July 2020 and July 2021, respectedly.
“One cannot expects delinquent taxpayers to avail of the amnesty privileges when the deadlines are still far-off.
The successful tax collection drive in 2019 was attributed to stepped-up collection enforcement drive like closure of erring bussinesses, street-by-street inspection of establishments and filing of tax evasion charges.
The Bureau of Internal Revenue (BIR) padlocked simultaneously Wednesday the main office and two branches of one of the biggest Philippine Offshore Gaming Operator (POGO) service providers in the country for alleged failure to register and pay the corresponding deficiency taxes amounting to P2 billion.
Bureau of Internal Revenue (MANILA BULLETIN)
Shuttered were the headquarter of the Great Empire Gaming and Amusement Corporation (GEGAC) located in Subic Freeport, Zambales and its branches in Libis, Quezon City and Aseana City, Paranaque.
Revenue Deputy Commissioner for Operations Arnel Guballa said he signed the closure order for the failure of GEGAC to register as a value-added taxpayer, an offense punishable under Section 115 of the Tax Code.
The revenue official said, “they will remain closed until all revenue regulations are complied with and the corresponding deficiency taxes paid.”
He said revenue officers are still assessing the tax liabilities particularly the final withholding tax (FWT) due from the salaries of employees equivalent to 25 percent of their gross income that could reach P2 billion.
For a start, Guballa ordered GEGAC to submit the alpha list of its personnel estimated at 8,600 foreign nationals mostly from China.
Finance Secretary Carlos Dominguez instructed earlier the BIR to close tax-dodging POGOs and file tax evasion cases if necessary after he was informed by the BIR that the online gaming operators were slow in responding to more than P21 billion deficiency assessment notices covering 2018 and prior years.
Guballa said POGOs remitted to the BIR 175 million in FWT in 2017 and P579 million the following year.
Leaders of the online gaming industry have earlier suggested to the BIR a monthly remittance of P2 billion monthly or P24 billion yearly to cover the FWT.
Estimates showed the BIR has already raised from this source P1.4 billion from January to August this year
The Bureau of Internal Revenue (BIR) will padlock 20 more colorum restaurants in the Makati, Pasay, and Parañaque areas that cater exclusively to Philippine Offshore Gaming Operators (POGO) employees.
Bureau of Internal Revenue (MANILA BULLETIN)
Initial reports reaching the office of Revenue Deputy Commissioner for Operations Arnel Guballa showed that the eateries were found to be declaring purchases for food, liquor, and other supplies but were not reporting any sale during tax mapping operations
Point-of-sale (POS) or cash register machines were not only registered but bore Chinese characters.
Guballa temporarily withheld the names of the offenders pending the serving of the closure order.
Early this month, the BIR shuttered separately 10 POGO restaurants in Makati, Pasay, and Las Pinas for non-registration and non-payment of value-added tax.
They are considered part of the POGO business as they were patronized only by online gaming employees.
Local residents have lodged complaints with the local authorities over the discriminatory practice of these restaurants.
The Bureau of Internal Revenue (BIR) said Tuesday it will continue to tax the Philippine Offshore Gaming Operators (POGOs) despite the pronouncement of the Office of the Solicitor General (OSG) that the business is exempt from taxation.
Citing Section 4 of the Tax Code, Revenue Deputy Commissioner for Operations Arnel Guballa stated that “the power to interpret the provisions of the Tax Code and other tax laws are under the exclusive and original jurisdiction of the (BIR) commissioner.”
Solicitor General Jose Calida said earlier that POGO is tax exempt because it generates earnings from bettors, or customers outside the country, mostly from China, citing the “source of income principle of the Tax Code.”
“We believed that the source of income of a POGO-based licensee is derived from sources within the Philippines,” Guballa said.
He added that income generating activities of a POGO are rendered in the Philippines by service providers who provide specific components of online gaming operations such as call centers for marketing and solicitation of bets.
The revenue official also stated that even if POGO derives income outside of the country it is not exempt from the payment of the five-percent franchise tax as required under the charter of the Philippine Amusement and Gaming Corporation (PAGCOR).
The BIR released its position on the issue as it expressed determination to collect some P24 billion annually from POGO operations, mostly from the estimated 140,000 online foreign workers whose salaries are subject to 25 percent final withholding tax.
The BIR has earlier threatened to close another big POGO for alleged refusal to settle more than P1 billion in tax debts.
Its name was not disclosed, but informed sources said the POGO is based in eastern side of Metro Manila and employs more than 1,000 online foreign workers.
Earlier, two POGOs were padlocked but were allowed to resume operations after they agreed to pay more than P1.7 billion tax liabilities.
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)
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)
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)
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.”
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.
(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.
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
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
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
Amends RMO No. 25-2018 relative to the composition of the Regional Inspection Committee
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)
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)
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)
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
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
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
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
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
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.
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)
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
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
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
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
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.
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
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
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
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
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
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 |
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
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
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
RMC No. 87-2014
Suspends all audit and other field operations of the BIR effective December 16, 2014
December 9, 2014 | Full Text
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
RMC No. 79-2014
Clarifies the tax treatment of stock option plans and other option plus
November 3, 2014 | Full Text
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
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
RMC No. 77-2014
Clarifies certain requirements on the processing of applications for cash conversion of Tax Credit Certificates
October 13, 2014 | Full Text
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
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