tag:blogger.com,1999:blog-18923253650519287332024-03-13T18:23:02.656+08:00PHILIPPINE TAX TALK THIS DAY AND BEYONDPhilippine Taxation Updates and Beyond as Part of the Growth & Success of Writers, Start-Up and Business People Who Loves Art In General.DULDULAO DOT NEThttp://www.blogger.com/profile/13752579640147461097noreply@blogger.comBlogger479125tag:blogger.com,1999:blog-1892325365051928733.post-35605627608434773822024-02-20T17:05:00.002+08:002024-02-20T17:05:26.707+08:00Updated Version of the Alphalist Data Entry and Validation Module (Version 7.2)<p>Recently, the bureau has issued a Tax Advisory with regards of the updated version of the <a href="https://www.bir.gov.ph/images/bir_files/downloadables/alphalist/Alphalist%20Data%20Entry%20and%20Validation%207.2.zip" rel="nofollow" target="_blank">Alphalist Data Entry and Validation</a> <a href="https://www.bir.gov.ph/images/bir_files/downloadables/alphalist/Alphalist%20Data%20Entry%20and%20Validation%207.2.zip" rel="nofollow" target="_blank">Module (Version 7.2)</a> which is available for use for the update the Monthly Alphalist of Payees (MAP); Quarterly Alphalist of Payees (QAP); Summary Alpahlist of Withholding Taxes (SAWT) and Annual Information Return of Income Taxes Withheld On Compensation and Final Withholding Taxes (1604 C); Annual Information Return of Creditable Income Taxes Withheld (EXPANDED)/ Income Payments Exempt From Withholding Tax (1604 E) and Annual Information Return of Income Taxes Withhold On Compensation and Final Withholding Taxes (1604 F).</p><p>Please refer <a href="https://www.bir.gov.ph/images/bir_files/internal_communications_1/Advisory/2024/TAX%20ADVISORY-%20ALPHALIST%20DATA%20ENTRY%20AND%20VALIDATION%20MODULE%20VERSION%207.2.pdf" rel="nofollow" target="_blank">https://www.bir.gov.ph/images/bir_files/internal_communications_1/Advisory/2024/TAX%20ADVISORY-%20ALPHALIST%20DATA%20ENTRY%20AND%20VALIDATION%20MODULE%20VERSION%207.2.pdf</a> of the Tax Advisory.</p>DULDULAO DOT NEThttp://www.blogger.com/profile/13752579640147461097noreply@blogger.com0tag:blogger.com,1999:blog-1892325365051928733.post-50270807238187329122024-02-06T00:04:00.000+08:002024-02-06T00:04:01.471+08:00Availability of BIR Form Nos. 1700 and 2000 in the eFPS<p>The bureau has issued <b>Revenue Memorandum Circular (RMC) No. 18-2024</b> to inform the taxpayers of the availability of BIR Form Nos. 1700 and 2000 in the Electronic Filing and Payment System (eFPS) as follows:</p><p><b>1. BIR Form No. 1700 (Annual Income Tax Return for Individuals Earning Purely Compensation Income (Including Non-Business/Non-Profession Related Income)</b> - Due on or before April 15 of each year covering income for the preceding taxable year.</p><p><b>2. BIR Form No. 2000 (Monthly Documentary Stamp Tax Declaration/Return)</b> - Due within five (5) days after the close of the month when the taxable document was made, signed, issued, accepted or transferred (or when reloading a metering machine becomes necessary or upon remittance by avenue collection agents of collection from the sale of loose stamps.</p><p>Please refer: <a href="https://www.bir.gov.ph/images/bir_files/internal_communications_2/RMCs/2024%20RMCs/RMC%20No.%2018-2024.pdf" rel="nofollow" target="_blank">https://www.bir.gov.ph/images/bir_files/internal_communications_2/RMCs/2024%20RMCs/RMC%20No.%2018-2024.pdf</a> of the full text of RMC No. 18-2024.</p>DULDULAO DOT NEThttp://www.blogger.com/profile/13752579640147461097noreply@blogger.com0tag:blogger.com,1999:blog-1892325365051928733.post-66397048833945668772024-02-05T23:47:00.002+08:002024-02-06T00:05:13.010+08:00New Selling Price Threshold of the Sale of House and Lot, and Other Residential Dwellings for VAT Exemption Purposes<p>As per <b>Revenue Regulations (RR) No. 1-2024</b> dated January 10, 2024, the Selling Price Threshold of the Sale of House and Lot, and Other Residential Dwellings is adjusted to Three Million One Hundred Ninety-Nine Thousand Two Hundred (Php3,199,200.00) Pesos for Value-Added Tax (VAT) Exemption Purposes.</p><p>Please refer the <a href="https://www.bir.gov.ph/images/bir_files/internal_communications_1/Full%20Text%20RR%202024/RR%20No.%201-2024.pdf" rel="nofollow" target="_blank">https://www.bir.gov.ph/images/bir_files/internal_communications_1/Full%20Text%20RR%202024/RR%20No.%201-2024.pdf</a> of the full text of <b>RR No. 1-2024</b>.</p><p><br /></p><p><br /></p>DULDULAO DOT NEThttp://www.blogger.com/profile/13752579640147461097noreply@blogger.com0tag:blogger.com,1999:blog-1892325365051928733.post-68055460694844148932024-01-28T14:37:00.002+08:002024-01-28T14:38:43.920+08:00New Offline eBIRForms Package v7.9.4.2 <p>The bureau has updated the version of the Bureau of Internal Revenue (BIR) Offline eBIRForms Package from v7.9.4.1 to v7.9.4.2 as part of ease of filing of the BIR returns and payment of taxes of an ease of doing business of the taxpayers in the community. </p><p>To new Offline <a href="https://www.bir.gov.ph/images/bir_files/ebirforms/ebirforms_package-v7.9.4.2.zip" rel="nofollow" target="_blank">eBIRForms Package v7.9.4.2</a> is available for down load at BIR Website (www.bir.gov.ph)</p><p><br /></p>DULDULAO DOT NEThttp://www.blogger.com/profile/13752579640147461097noreply@blogger.com0tag:blogger.com,1999:blog-1892325365051928733.post-71718400632027150862024-01-22T14:53:00.005+08:002024-01-22T14:53:43.643+08:00BIR Annual Registration Fee (ARF) is no longer required Effective January 22, 2024<p>As part of ease of doing business in the community, the Bureau of Internal Revenue (BIR) has issued an advisory on January 8, 2024 that the Business Taxpayers is no longer required to pay the Annual Registration Fee (ARF) of Five Hundred Pesos (PHP500.00) effective January 22, 2024 in compliance with Republic Act No. 11976, the "Ease of Paying Taxes Act." With this, business taxpayers are exempt from filing BIR Form No. 0605 and paying the Five Hundred Pesos (PHP500.00) ARF on or before January 31 every year or annually.</p><p>Besides, Business taxpayers with existing BIR Certificate of Registration (COR) that includes Registration Fee will retain its validity. These taxpayers may choose to update / replace their COR at the BIR Revenue District Office where they are registered on or before December 31, 2024, by surrendering their old COR.</p><p> Please refer <a href="https://www.bir.gov.ph/images/bir_files/internal_communications_1/2024/Advisories/Advisory_ARF.pdf">https://www.bir.gov.ph/images/bir_files/internal_communications_1/2024/Advisories/Advisory_ARF.pdf</a> of the full text of the Advisory from BIR.</p>DULDULAO DOT NEThttp://www.blogger.com/profile/13752579640147461097noreply@blogger.com0tag:blogger.com,1999:blog-1892325365051928733.post-8667127801123213162023-12-10T05:04:00.001+08:002023-12-10T05:04:12.205+08:00Updated Features and Functionalities of BIR Online Registration and Update System (ORUS)<p>For ease of doing business of the taxpayers in the community, the bureau has issued Revenue Memorandum Circular (RMC) No. 121- 2023 dated November 29, 2023 announcing the Updated Features and Functionalities of the <a href="https://orus.bir.gov.ph/home" rel="nofollow" target="_blank">Online Registration and Update System (ORUS)</a> starting November 21, 2023.</p><p><b>The additional features and functionalities of ORUS are now available online as follows:</b></p><p>1. Taxpayer Identification Number (TIN) Inquiry;</p><p>2. Access to Digital TIN ID; and</p><p>3. Availability of MyEG as one of the online payment facilities in ORUS</p><p><b>The three functionalities added are as follows:</b></p><p>1. Primary Registration</p><p>2. Secondary Registration </p><p>3. Registration Information Update</p><p>Taxpayers who have an existing ORUS may access and avail the online registration updates and other functionalities and taxpayers who do no not have an ORUS account and opted to use the said online registration-related facilities are required to enroll or create an account on ORUS following the guidelines prescribed under RMC No. 122-2022.</p><p>Please consider the link: <a href="https://www.bir.gov.ph/images/bir_files/internal_communications_2/RMCs/2023%20RMCs/RMC%20No.%20121-2023.pdf">https://www.bir.gov.ph/images/bir_files/internal_communications_2/RMCs/2023%20RMCs/RMC%20No.%20121-2023.pdf</a> of the full text of RMC No. 121-2023.</p><p><br /></p>DULDULAO DOT NEThttp://www.blogger.com/profile/13752579640147461097noreply@blogger.com0tag:blogger.com,1999:blog-1892325365051928733.post-53165709487815721392023-12-09T13:08:00.001+08:002023-12-09T13:08:13.076+08:00New eBIRForms Package Version7.9.4.1<p>The bureau has issued <b>Revenue Memorandum Circular (RMC) No. 122-2023</b> regarding the availability of the Offline Electronic Bureau of Internal Revenue Forms (eBIRForms) Package Version7.9.4.1 to update the Offiline eBIRForms Package v7.9.4 that contains the modifications as follows:</p><p> 1. Additional Alphanumeric Tax Codes (ATCs) in BIR Form No. 1702-RTv2018C;</p><p> 2. Updated 2023 Income Tax Rates of BIR Forms No. 1700v2018; 1701v2018 & 1701A;</p><p>3. Bug fixes for BIR Forms No. 1702-MXv2018C.</p><p>The <b>eBIRForms Package v7.9.4.1</b> can be downloaded from the webistes: www.bir.gov.ph and www.knowyourtaxes.ph/ebirforms</p><p>Please consider the link: <a href="https://www.bir.gov.ph/images/bir_files/internal_communications_2/RMCs/2023%20RMCs/RMC%20No.%20122-2023_copy.pdf">https://www.bir.gov.ph/images/bir_files/internal_communications_2/RMCs/2023%20RMCs/RMC%20No.%20122-2023_copy.pdf</a> of the full text of RCM No. 122-2023 dated November 24, 2023.</p>DULDULAO DOT NEThttp://www.blogger.com/profile/13752579640147461097noreply@blogger.com0tag:blogger.com,1999:blog-1892325365051928733.post-87207303081716918892023-11-26T06:29:00.003+08:002023-11-26T06:29:43.914+08:00Imposing Creditable Withholding Tax on Certain Income Payments by Joint Ventures/Consortiums<p>The bureau has issued <b>Revenue Regulations (RR) No. 14-2023</b> to further implement Section 57 (B) of the provisions of Sections 244 and 245 of the National Internal Revenue Code of 1997, as amended, and subsequently amend RR No. 2-98 by adding items (V) and (W) imposing creditable withholding tax on certain income payments by joint ventures/consortiums.</p><p>The amendments stated in RR No. 14-2023 are as follows:</p><p><b>SECTION 2. AMENDMENTS.</b> - The pertinent provisions of Section 2.57.2 of RR No. 2-98, as amended, is hereby further amended to read as follows:</p><p>"Sec. 2.57.2. Income Payments Subject to Creditable Withholding Tax and Rates Prescribed Thereon. Except as herein otherwise provided, there shall be withheld a creditable income tax at the rates herein specified for each class of payee from the following items of income payments to persons residing in the Philippines:</p><p>xxx xxx xxx</p><p><b>(V) Income payment made by joint ventures/consortiums.</b> - Income payments made by joint ventures, whether incorporated or not, taxable or non-taxable, to their local/resident supplier of goods and services, shall be subjected to the following withholding tax rates:</p><p>Supplier of goods - One percent (1%)</p><p>Supplier of services - Two percent (2%)</p><p><b>(W) Distributive share of co-ventures/members from the net income of the joint venture/consortium not taxable as corporation.</b> - On the share of each co-venturer/member from the net income of the joint venture/consortium not taxable as corporation prior to actual or constructive distribution thereof - Fifteen percent (15%)</p><p>xxx xxx xxx"</p><p> Please refer <a href="https://www.bir.gov.ph/images/bir_files/internal_communications_1/Full%20Text%20RR%202023/RR%20No.%2014-2023.pdf" rel="nofollow">RR No. 14-2023</a> dated October 2, 2023 of the full text of the said regulations.</p>DULDULAO DOT NEThttp://www.blogger.com/profile/13752579640147461097noreply@blogger.com0tag:blogger.com,1999:blog-1892325365051928733.post-15824557532295202042023-11-09T10:36:00.001+08:002023-11-09T10:37:18.306+08:00Exemption from Issuance of Receipts or Sales or Commercial Invoices by Agricultural Producers<p>Agricultural Producers have an important role of the growth and success of Agricultural Food Products (Farm Produce, Livestock, Poultry, Marine Product, Ordinary Salt & Agricultural Inputs) in the community. </p><p><b>Revenue Regulations (RR) No. 12-2023</b> has issued by the bureau to implement Section 237 of the Tax Code, as amended, relative to the issuance of receipts or sales or commercial invoices by Agricultural Producers.</p><p>Under Section 4 of these Regulations has described the <b>Exemption from Issuance of Receipts or Invoices</b> for ease of doing business by the <b>Agricultural Producers of their Agricultural Food Products</b>, provided, that the gross sales/receipts for the year shall not exceed One Million Pesos (P1,000,000.00). Provided, further, however, that Agricultural Producers shall record each sale transaction in a simplified sales book containing the following information:</p><p>a. date of transaction;</p><p>b. description of goods sold or services rendered;</p><p>c. registered name, registered address, and Taxpayer Identification Number (TIN) of the purchaser if engaged in business;</p><p>d. amount of sales;</p><p>e. amount of tax withheld, if any, and the</p><p>f. net amount received</p><p>Provided, finally, if the annual gross sales/receipts exceed One Millions Pesos (P1,000,000.00) at any time during the taxable year, the Agricultural Producer shall be required to issue official receipt/sales invoices for every subsequent transaction valued at P100.00 or more. For this purpose, the Agricultural Producer, for the first year of business operation or one year from registration, shall be allowed to purchase and use BIR-printed receipts or BIR-printed invoices from the Revenue District Office (RDO) where they will register pursuant to Section 6 of these Regulations. The Agricultural Producer shall thereafter be require to issue official receipts/sales invoices printed pursuant to an Authority to Print (ATP).</p><p>The Agricultural Producer shall still be exempt from the issuance of receipt or invoice even if he or she derives income from the sale of goods or services other than Agricultural Food Products as described in these Regulations, provided that that, the annual aggregate gross sales/receipts shall not exceed One Million Pesos (P1,000,000.00). Provided further, the primary activity of the Agricultural Producer shall not exceed thirty percent (30%) of the aggregate sales or receipt of the Agricultural Producer for a given taxable year.</p><p>Please refer <a href="https://www.bir.gov.ph/images/bir_files/internal_communications_1/Full%20Text%20RR%202023/RR%20No.%2012-2023.pdf" rel="nofollow">RR No. 12-2023</a> of the full text of these Regulations.</p>DULDULAO DOT NEThttp://www.blogger.com/profile/13752579640147461097noreply@blogger.com0tag:blogger.com,1999:blog-1892325365051928733.post-84878835132953226232023-07-05T10:01:00.001+08:002023-07-05T10:03:07.664+08:00Reversion of Rate of Percentage Tax from One Percent (1%) to three percent (3%) Effective July 01, 2023 <p>The bureau has issued <b>Revenue Memorandum Circular (RMC) No. 69-2023</b> to inform the taxpayers, public and all concerned about the reversion of Rates of Percentage Tax, Minimum Corporate Income Tax, and Regular Corporate Income Tax on Proprietary Hospitals, in relation with Republic Act No. 11534, otherwise known as the "Corporate Recovery and Tax Incentives for Enterprises Act" (CREATE).</p><p>This article focus on the Reversion of Rate of Percentage Tax from One Percent (1%) to three percent (3%) Effective July 01, 2023 as stated in RMC No. 69-2023 dated June 20, 2023 with details as follows:</p><p>1. The rate of percentage tax (PT) shall now revert to three percent (3%) of gross quarterly sales or receipts of the taxpayer. This rate applies to corporations, self-employed individuals and professionals whose gross sales or gross receipts are not exceeding Php3.0 million threshold, except for cooperatives and self-employed individuals and professionals availing of the eight percent (8) income tax rate.</p><p>To read the full text of the circular, please refer to <a href="https://www.bir.gov.ph/images/bir_files/internal_communications_2/RMCs/2023%20RMCs/RMC%20No.%2069-2023.pdf" rel="nofollow" target="_blank">RMC No. 69-2023</a>.</p><p><br /></p>DULDULAO DOT NEThttp://www.blogger.com/profile/13752579640147461097noreply@blogger.com0tag:blogger.com,1999:blog-1892325365051928733.post-15194461811398419612023-03-31T10:59:00.000+08:002023-03-31T10:59:36.276+08:00Availability of the Offline Electronic Bureau of Internal Revenue (eBIRForms) Package Version7.9.4 (New)<p>The availability of the Offline Electronic Bureau of Internal Revenue (eBIRForms) Package Version7.9.4 were announced by the bureau with Revenue Memorandum Circular (RMC) No. 40-2023 dated March 29, 2023 that includes the BIR Form No. 1707 Capital Gains Tax Return (For Onerous Transfer of Share of Stock Not Traded Through the Local Stock Exchange) and BIR Form No. 1707-A (Annual Capital Gains Tax Return (For Onerous Transfer of Shares of Stock Not Traded Through the Local Stock Exchange).</p><p>Taxpayers & other concerned are advised to download and update the eBIRForms Package from Version7.9.3 to Version7.9.4. </p><p>Please consider the link: <a href="https://www.bir.gov.ph/images/bir_files/ebirforms/ebirforms_package-v7.9.4.zip">https://www.bir.gov.ph/images/bir_files/ebirforms/ebirforms_package-v7.9.4.zip</a> to download the eBIRForms Package Version7.9.4</p><p>To read the full text of RMC No. 40-2023, please consider the link: <a href="https://www.bir.gov.ph/images/bir_files/internal_communications_2/RMCs/2023%20RMCs/RMC%20No.%2040-2023.pdf">https://www.bir.gov.ph/images/bir_files/internal_communications_2/RMCs/2023%20RMCs/RMC%20No.%2040-2023.pdf</a></p>DULDULAO DOT NEThttp://www.blogger.com/profile/13752579640147461097noreply@blogger.com0tag:blogger.com,1999:blog-1892325365051928733.post-20781809538747328052023-03-08T20:49:00.002+08:002023-03-08T20:49:15.576+08:00An Act Institutionalizing The Grant of Student Fare Discount Privileges on Public Transportation and for Other Purposes <p>The Republic Act No. 11314, entitled "An Act Institutionalizing The Grant of Student Fare Discount Privileges on Public Transportation and for Other Purposes" is published by the bureau with Revenue Memorandum Circular (RMC) No. 25-2023 dated February 20, 2023 for the information and guidance of all internal revenue officials, employees and others concerned. </p><p>Please refer <a href="https://www.bir.gov.ph/images/bir_files/internal_communications_2/RMCs/2023%20RMCs/RMC%20No.%2025-2023.pdf">RMC No. 25-2023.pdf (bir.gov.ph)</a> of the full text of the RMC No. 25-2023 and <a href="https://www.bir.gov.ph/images/bir_files/internal_communications_2/RMCs/2023%20RMCs/RMC%20No.%2025-2023%20Annex%20A.pdf">RMC No. 25-2023 Annex A.pdf (bir.gov.ph)</a> to read the full text of Republic Act No. 11314.</p>DULDULAO DOT NEThttp://www.blogger.com/profile/13752579640147461097noreply@blogger.com0tag:blogger.com,1999:blog-1892325365051928733.post-84267242888263496102023-03-02T14:55:00.002+08:002023-03-02T14:55:50.630+08:00BIR New Business Registration (NewBizReg) Portal for Taxpayers<p>Taxpayers always consider the ease of doing business with regards of registration of new business. In relation with, the bureau has launched the <b>New Business Registration (NewBizReg) Portal</b>. It is an alternative option in submitting application for registration of business (Head Office and Branch) to the Bureau. Taxpayer-applicants shall prepare all scanned copy of required documents to be attached and to be submitted via email through this portal to the concerned BIR Revenue District Office (RDO).</p><p>To register a business through NewBiz Portal, please click the link: <a href="https://www.bir.gov.ph/newbizreg/">BIR NewBizReg</a>. Just complete the requirements of the five (5) Steps on How to register a business through NewBizReg Portal.</p><p><br /></p><p><br /></p><p><br /></p>DULDULAO DOT NEThttp://www.blogger.com/profile/13752579640147461097noreply@blogger.com0tag:blogger.com,1999:blog-1892325365051928733.post-21205438997063812792022-10-12T10:46:00.001+08:002022-10-12T10:46:16.920+08:00Taxpayers who are Mandated to issue Electronic Receipts or Sales/Commercial Invoices<p>Revenue Regulations No. 8-2022 dated June 22, 222 are regulations to provide policies and guidelines for the implementation of Section 237 and 237-A of the NIRC, as amended by R. A. No. 10963 or the "TRAIN" Law and to prescribe requirements on the issuance of electronic receipts/invoices (hereby known as e-Receipts/e-Invoices) in lieu of the manual receipts or sales/commercial invoices and on the electronic reporting of these sales data to the Bureau.</p><p>It is stated in these regulations that the following taxpayers are mandated to issue electronic receipts or sales/commercial invoices under Sec. 237 of the NIRC of 1997, as amended, to wit:</p><p>1. Taxpayers engaged in the export of goods and services;</p><p>2. Taxpayers engaged in electronic commerce (e-commerce); and</p><p>3. Taxpayers under the Large Taxpayers Service (LTS).</p><p>In relation with, the taxpayers mentioned above are required under Section 237-A of the NIRC of 1997, except for the taxpayers engaged in e-commerce, to electronically report or transmit their sales to the BIR through the use of their Sales Data Transmission System.</p><p>However, taxpayers who are not covered or required by the mandate may issued electronic receipts or sales/commercial invoices in lieu of manual receipts/invoices.</p><p>To read the full text and other topics related of these regulations, please refer RR No. 8-2022 through www.bir.gov.ph</p><p> </p>DULDULAO DOT NEThttp://www.blogger.com/profile/13752579640147461097noreply@blogger.com0tag:blogger.com,1999:blog-1892325365051928733.post-89153645948960448072022-10-11T06:13:00.001+08:002022-10-11T06:13:36.092+08:00 Availability of the new Offline Electronic Bureau of Internal Revenue Forms (eBIRForms) Package Version7.9.3<p>To update the Offline eBIRForms Package v.7.9.2.1 and as part of ease of doing business, the bureau recently issued the <b>Revenue Memorandum Circular (RMC) No. 131-2022</b> relative to the availability of the <b>new Offline eBIRForms Package Version 7.9.3</b> with the following modifications:</p><p>A. Additional Alphanumeric Tax Codes (ATCs) in BIR Form No. 0605 to be used by the International Carriers in paying their taxes in reference to Revenue Memorandum Order No. 37-2022, to wit:</p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjC9KQkA1ty7e5xYQBs-BiKheXYBcZhzi02y8qRLIs4B7wnvUARUnIgjVQ4JL5RnzV29rHHHdqLNczK00rIpUsrgn4NaUfc-kJqyBeRprw6uJDEGDw8bFNu3684SeefDOoz_dfaDXSfcnu5BpY8Is4m2ZfPfXRuUQQIk4O2bkBIm1-U4lDo8d2I9M1jVw" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="113" data-original-width="345" height="105" src="https://blogger.googleusercontent.com/img/a/AVvXsEjC9KQkA1ty7e5xYQBs-BiKheXYBcZhzi02y8qRLIs4B7wnvUARUnIgjVQ4JL5RnzV29rHHHdqLNczK00rIpUsrgn4NaUfc-kJqyBeRprw6uJDEGDw8bFNu3684SeefDOoz_dfaDXSfcnu5BpY8Is4m2ZfPfXRuUQQIk4O2bkBIm1-U4lDo8d2I9M1jVw" width="320" /></a></div>B. Revised Terms of Service Agreement (TOSA), hereto attached as <b><a href="https://www.bir.gov.ph/images/bir_files/internal_communications_1/Advisory/2022%20Posts/Annex%20A_eBIRFoms7.9.3_TOSA.pdf" rel="nofollow" target="_blank">Annex A.</a></b><p></p><p>C. Required official e-mail address of the taxpayer to be provided in the eBIRForms profile page. The email shall be used as an additional mode of serving BIR orders, notices, letter, communications and other processes.</p><p>Click <a href="https://www.bir.gov.ph/images/bir_files/ebirforms/ebirforms_package-v7.9.3.0.zip">https://www.bir.gov.ph/images/bir_files/ebirforms/ebirforms_package-v7.9.3.0.zip</a> to download the new Offline eBIRForms Package Version 7.9.3.</p><p>Reference: RMC No. 131-2022.</p>DULDULAO DOT NEThttp://www.blogger.com/profile/13752579640147461097noreply@blogger.com0tag:blogger.com,1999:blog-1892325365051928733.post-73268345137269058422022-09-19T09:09:00.005+08:002022-09-19T09:12:18.772+08:00Removal of the Five (5) - Year Validity Period on Receipts/ Invoices<p style="text-align: justify;">As part of the Taxpayers Ease of Doing Business in the community, the CIR of the Bureau has issued Revenue Regulations (RR) No. 6-2022 in relation with the Removal of the Five (5) - Year Validity Period on Receipts/ Invoices. But was clarified through the issuance of Revenue Memorandum Circular (RMC) No. 123-2022 to address and provide uniform answers to the numerous issues and concerns of both internal and external stakeholders of the following:</p><div class="separator" style="clear: both; text-align: justify;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfbTU3-g1jnYEWQWUVe4uIBQ71v6Otts9jFvpH6Q03W7ArT_AGVDBKWP-DPpfXBwvo3LPgxP90YUfS3G_sily_LPwdm7lV-fEUpnXxX4b_ihpBB0v2V-YpUVeujaxtCif-UAJ4RFUp6e8I27T3751QI5cK4QIxWXrE7TnYOjOMpqGcdXPS8kdMdBP-LA/s630/Removal%20of%205%20year%20validatio%20on%20receipts%20invoices%20Q1%20Q2.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="296" data-original-width="630" height="188" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfbTU3-g1jnYEWQWUVe4uIBQ71v6Otts9jFvpH6Q03W7ArT_AGVDBKWP-DPpfXBwvo3LPgxP90YUfS3G_sily_LPwdm7lV-fEUpnXxX4b_ihpBB0v2V-YpUVeujaxtCif-UAJ4RFUp6e8I27T3751QI5cK4QIxWXrE7TnYOjOMpqGcdXPS8kdMdBP-LA/w400-h188/Removal%20of%205%20year%20validatio%20on%20receipts%20invoices%20Q1%20Q2.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: justify;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8LO8CRTh8dflmQi29RHG2ttbMoFl-6traT5RNq3XIi9lHEl9hQaADwB7DHviq8ID5uyvIsb-hAOF2ey-AgAg_hlVEI0BHEVF8D9xO2ht8a5PS4JW0xfoj2Zlo9NO_R6QNC4d9oGQX38HMmzamkdgcQ7wFRw5Ld1NUoA_19yu-9BTewFoQaQt7C5-rog/s632/Removal%20of%205%20year%20validatio%20on%20receipts%20invoices%20Q3%20P1.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="469" data-original-width="632" height="297" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8LO8CRTh8dflmQi29RHG2ttbMoFl-6traT5RNq3XIi9lHEl9hQaADwB7DHviq8ID5uyvIsb-hAOF2ey-AgAg_hlVEI0BHEVF8D9xO2ht8a5PS4JW0xfoj2Zlo9NO_R6QNC4d9oGQX38HMmzamkdgcQ7wFRw5Ld1NUoA_19yu-9BTewFoQaQt7C5-rog/w400-h297/Removal%20of%205%20year%20validatio%20on%20receipts%20invoices%20Q3%20P1.jpg" width="400" /></a></div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhRLj1RPca12cuq4OTdRmYIMCnxUZLfwTEQdZAGeA6SfJd97Q5II37kmq5VCNCp309ckydVTn3g4OptTSrzyBV2CZfdut4hZOK2b2DDJCMxClNKn7kHxZK93P2mI2JqQoU8MBJxkx_AIx6nXNd8wzuiGgLBBXyE6gUbFSizYsuW2DPxWAIIOnOnCbs_LA/s638/Removal%20of%205%20year%20validatio%20on%20receipts%20invoices%20Q3%20P1%20until%20Q7.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="551" data-original-width="638" height="346" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhRLj1RPca12cuq4OTdRmYIMCnxUZLfwTEQdZAGeA6SfJd97Q5II37kmq5VCNCp309ckydVTn3g4OptTSrzyBV2CZfdut4hZOK2b2DDJCMxClNKn7kHxZK93P2mI2JqQoU8MBJxkx_AIx6nXNd8wzuiGgLBBXyE6gUbFSizYsuW2DPxWAIIOnOnCbs_LA/w400-h346/Removal%20of%205%20year%20validatio%20on%20receipts%20invoices%20Q3%20P1%20until%20Q7.jpg" width="400" /></a></div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhiUoVsLzz67Mttox8Px7l6FZWFbpyCeF3P6HfQRQjXbrCJ8Em8tBNfOFRaf-v_bAikGppBSZ_VL9c5IUGnOBO0vmfRSLY8lbML1tJoXvm7v1UYyU-E-47zUMG1D9YlHQJC3VWDD_ZmH1mHm1JFLee6WHR8KTsUXFkcTf-xBPnPFXgOyHiz3XxEkqZKLg/s637/Removal%20of%205%20year%20validatio%20on%20receipts%20invoices%20Q8%20until%20Q10%20P1.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="446" data-original-width="637" height="280" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhiUoVsLzz67Mttox8Px7l6FZWFbpyCeF3P6HfQRQjXbrCJ8Em8tBNfOFRaf-v_bAikGppBSZ_VL9c5IUGnOBO0vmfRSLY8lbML1tJoXvm7v1UYyU-E-47zUMG1D9YlHQJC3VWDD_ZmH1mHm1JFLee6WHR8KTsUXFkcTf-xBPnPFXgOyHiz3XxEkqZKLg/w400-h280/Removal%20of%205%20year%20validatio%20on%20receipts%20invoices%20Q8%20until%20Q10%20P1.jpg" width="400" /></a></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqNZnhei5_y1pswP_3BM_NVybHnkk8Bj1hwFy_IHyP6YxVc82LzMsP3-JswmjFrkS8GXcCRZ_7N8to70GN_NxoggW1Oy-dRGI3QUVftzi36T5iWk-66ZWwFo-TN5cjhhwdYMTMPvr1_g7QeoIoeq1jiAlz-OvtL0MDIvuhHw3IZP4j6z9oGOj1pMhaLg/s632/Removal%20of%205%20year%20validatio%20on%20receipts%20invoices%20Q10%20P2%20until%20Q11.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="237" data-original-width="632" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqNZnhei5_y1pswP_3BM_NVybHnkk8Bj1hwFy_IHyP6YxVc82LzMsP3-JswmjFrkS8GXcCRZ_7N8to70GN_NxoggW1Oy-dRGI3QUVftzi36T5iWk-66ZWwFo-TN5cjhhwdYMTMPvr1_g7QeoIoeq1jiAlz-OvtL0MDIvuhHw3IZP4j6z9oGOj1pMhaLg/w400-h150/Removal%20of%205%20year%20validatio%20on%20receipts%20invoices%20Q10%20P2%20until%20Q11.jpg" width="400" /></a></div><div style="text-align: justify;">Please refer: <a href="https://www.bir.gov.ph/images/bir_files/internal_communications_2/RMCs/2022%20RMCs/RMC%20No.%20123-2022.pdf">RMC No. 123-2022.pdf (bir.gov.ph)</a> of the full text of Revenue Memorandum Circular (RMC) No. 123-2022.</div>DULDULAO DOT NEThttp://www.blogger.com/profile/13752579640147461097noreply@blogger.com0tag:blogger.com,1999:blog-1892325365051928733.post-40045445143332979272022-02-21T18:36:00.001+08:002022-02-21T18:36:28.543+08:00 New Offline eBIRForms Package v7.9.2.1<p>The Bureau of Internal Revenue (BIR) has issued the new Offline eBIRForms Package v7.9.2.1 to update the previous Offline eBIRForms Package v7.9.2 for the enhancement and convenient online filing of BIR Returns by the Taxpayers in the business community.</p><p>To download Offline eBIRForms Package v7.9.2.1</p><p><a href="https://www.bir.gov.ph/images/bir_files/ebirforms/ebirforms_package-v7.9.2.1.zip">https://www.bir.gov.ph/images/bir_files/ebirforms/ebirforms_package-v7.9.2.1.zip</a></p>DULDULAO DOT NEThttp://www.blogger.com/profile/13752579640147461097noreply@blogger.com0tag:blogger.com,1999:blog-1892325365051928733.post-39604707073767836972022-01-06T11:28:00.002+08:002022-01-06T11:28:33.134+08:00Tax on Persons Exempt from VAT<p><b>SEC.4-116 of Sections 2. Amendments under Revenue Regulations (RR) No. 4-2021</b> refers of the Tax on Persons Exempt from VAT. </p><p>Under these regulations, any person whose sales or receipts are exempt under Section 109(I)(CC) of the Tax Code from the payment of VAT and who is not a VAT-registered person shall pay a tax equivalent to three percent (3%) of his gross quarterly sales or receipts. Provided, however, that the following shall be exempt from the payment of three percent (3%) percentage tax:</p><p>1. Cooperatives; and</p><p>2. Self-employed individuals and professionals availing of the 8% tax on gross sales and/or receipts and other non-operating income, under Sections 24(A)(2)(b) and 24(A)(2)(c)(2)(a) of the Tax Code.</p><p>Provided, further, that effective July 1, 2020 until June 30, 2023, the rate shall be one percent (1%).</p><p>XXX XXX XXX"</p><p>Please refer https://www.bir.gov.ph/images/bir_files/internal_communications_1/Full%20Text%20RR%202021/RR%20NO.%204%20-%202021.pdf of the full text of RR No. 4-2021.</p>DULDULAO DOT NEThttp://www.blogger.com/profile/13752579640147461097noreply@blogger.com0tag:blogger.com,1999:blog-1892325365051928733.post-25046058131922617602021-10-22T00:29:00.004+08:002021-10-22T00:31:26.149+08:00Offline Electronic Bureau of Internal Revenue Forms (eBIRForms) Package Version 7.9.2<p>The new <b>Offline Electronic Bureau of Internal Revenue Forms (eBIRForms) Package Version 7.9.2</b> is the updated version of eBIRForms 7.9.1, issued by the bureau under <b>Revenue Memorandum Circular (RMC) No. 111-2021</b>, which is downloadable from the sites: www.bir.gov.ph and www.knowyourtaxes.ph.</p><p>The new Offline eBIRForms Package includes the January 2018 version of the following forms:</p><p><b>1. BIR Form No. 2552</b> - Percentage Tax Return for Transactions Involving Shares of Stock Listed and Traded Through the Local Stock Exchange or Through Initial and/or Secondary Public Offering.</p><p><b>2. BIR Form No. 1600-VT</b> - Monthly Remittance Return of Value-Added Tax Withheld</p><p><b>3. BIR Form No. 1600-PT</b> - Monthly Remittance Return of Other Percentage Taxes Withheld</p><p><b>4. BIR Form No. 1707</b> - Capital Gains Tax Return for Onerous Transfer of Shares of Stocks Not Traded Through the Local Stock Exchange</p><p><b>5. BIR Form No. 2200-C</b> - Excise Tax Return for Cosmetic Procedures</p><p><b>6. BIR Form No. 1702-MXv2018</b></p><p><b>7. BIR Form No. 1702-MXv2018C</b></p><p>Please refer: <a href="https://www.bir.gov.ph/images/bir_files/internal_communications_1/Advisory/2021%20posts/RMC%20No.%20111-2021.pdf">RMC No. 111-2021.pdf (bir.gov.ph)</a> to read the full text of the RMC No. 111-2021.</p>DULDULAO DOT NEThttp://www.blogger.com/profile/13752579640147461097noreply@blogger.com0tag:blogger.com,1999:blog-1892325365051928733.post-29230350644806666442021-05-25T23:05:00.004+08:002021-05-25T23:06:53.294+08:00New Offline eBIRForms Package v7.9.1 is now Available for Download<p>The team of the bureau has recently issued the New Offline eBIRForms Package v7.9.1 and available for download in relation with new regulations issued and in compliance with the ease of doing business in the community.</p><p>Just click the link: <a href="https://www.bir.gov.ph/images/bir_files/ebirforms/ebirforms_package_v7.9.1.zip">https://www.bir.gov.ph/images/bir_files/ebirforms/ebirforms_package_v7.9.1.zip</a> to download the New Offline eBIRForms Package v7.9.1 Available for Download to comply in the submission and payment of returns with or without tax dues.</p>DULDULAO DOT NEThttp://www.blogger.com/profile/13752579640147461097noreply@blogger.com0tag:blogger.com,1999:blog-1892325365051928733.post-4135662652064032012021-04-03T18:44:00.004+08:002021-04-03T18:55:37.886+08:00BIR Issued a Circular of Filing of Returns as Well as Payment of Taxes Due Thereon Falling Within the Period March 22, 2021 to April 30, 2021<p style="text-align: justify;">In relation with the Bureau of Internal Revenue (BIR) <b>Revenue Memorandum Circular Number (RMC) No. 41-2021</b> dated March 22, 2021 which refers to the Filing of Returns as Well as Payment of Taxes Due Thereon Falling Within the Period <b>March 22, 2021 to April 30, 2021</b>, taxpayers and all concerned persons will prepare themselves and adjust accordingly of this circular as being issued in order to provide relief to all involve in relation to the current stage in COVID-19 cases that is affecting the entire nation which has prompted establishments to operate at half their manpower capacity.</p><p style="text-align: justify;">In this regard, filing of returns as well as payment of taxes due thereof falling within the period March 22, 2021 to April 30, 2021 may be made anywhere, even outside the jurisdiction of the Revenue District Office where they are registered.</p><p style="text-align: justify;">Taxpayers who are not mandated to use the eFPS and eBIRForms Systems are encouraged to electronically file their returns through the eBIR Forms Facility and pay the corresponding taxes due thereon through any ePayment channels.</p><p style="text-align: justify;">However, may taxpayers are still waiting the guidelines with regards of the due date of filling of Individual and Corporate Annual Income Tax Returns 2020. Hopefully, the bureau will issue a regulations to adjust, postpose, extend or reschedule the due date of filing and payment of ITRs 2020 to give ample time of the prepares and taxpayers amidst of the ECQ COVID-19 Pandemic.</p><p style="text-align: justify;">REFERENCE: Revenue Memorandum Circular (RMC) N. 41-2021.</p>DULDULAO DOT NEThttp://www.blogger.com/profile/13752579640147461097noreply@blogger.com0tag:blogger.com,1999:blog-1892325365051928733.post-55075374229757194862021-03-06T01:26:00.002+08:002021-03-06T01:26:47.946+08:00Availability of the Offline Bureau of Internal Revenue Forms (eBIRForms) Package Version 7.8<div style="text-align: left;"><div style="text-align: justify;">In reference with the <b>Revenue Memorandum Circular (RMC) No. 33-2021, </b>is being issued by the bureau to disseminate the availability of the updated (new) <b><a href="https://www.bir.gov.ph/images/bir_files/ebirforms/ebirforms_package-v7.8.zip" rel="nofollow" target="_blank">Offline eBlRForms Package Version 7.8</a></b>, which is downloadable from the following sites:</div><div style="text-align: justify;"><br /></div></div><div style="text-align: justify;">l. www.bir.gov.ph; and</div><div style="text-align: justify;">2. www.knowyourtaxes.ph</div><div style="text-align: justify;"><br /></div><div style="text-align: left;"><div style="text-align: justify;">The new Offline eBIRForms Package now includes the January 2018 version of the following forms:</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">1. BIR Form.No. 800 - Donor's Tax Refurn</div><div style="text-align: justify;">2. BIR Form No. 801 - Estate Tax Return</div><div style="text-align: justify;">3. BIR Form No. 2000-OT - Documentary Stamp Tax Declaration/Return (One-Time Transactions)</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">The BIR Form Nos. 1800 and 1801 shall be filed within thirty (30) days after the gift (donation) is made and one (l) year from the decedent's death, respectively. On the other hand, BIR Form No. 2000-OT shall be filed and the tax paid within (5) days after the close of the month when the taxable document was made, signed, issued, accepted or transferred.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><b>Payments of the taxes due thereon, if any, shall be made thru:</b></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><b>a.) Manual Payment</b> - Authorized Agent Bank (AAB) located within the territorial jurisdiction</div><div style="text-align: justify;">of the Revenue District Officer (RDO) having jurisdiction, as follows:</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><b>BIR Form No./ Place of Filing/Payment:</b> </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><b>BIR Form No. 1800</b> - over the domicile of the donor at the time of donation or if there is no
legal residence in the Philippines, with the Office of the Commissioner,
(Revenue District office No. 39, South Quezon City). </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><b>BIR Form No. 1801</b> - over the domicile of the decedent at the time of death or if the decedent
has no legal residence in the Philippines, with the Office of the
Commissioner, (Revenue District office No. 39, South Quezon City). </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><b>BIR Form No. 2000-OT</b> - where the seller/transferor/donor is required to be registered or where
the property is located in case of sale of real property.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">In places where there are no AABs, the return shall be filed and the tax due shall be
paid with the concerned Revenue Collection Officer (RCO) under the jurisdiction of
the RDO using MRCOS facility. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><b>b.) Online PaYment</b></div><div style="text-align: justify;">- Thru Mobile Payment (GCash/PayMaya);</div><div style="text-align: justify;">- Landbank of the Philippines (LBP) Link.BizPortal - for taxpayers who have</div><div style="text-align: justify;">ATM account with LBP and/or holders of Bancnet ATIWDebit card;</div><div style="text-align: justify;">- Development Bank of the Philippines (DIP) Tax^ Online - for taxpayersholders of visa/Master credit caid and/or Bancnet ATM Debit card;</div><div style="text-align: justify;">- Union Bank Online Web and Mobile Payment Facility - for taxpayers who</div><div style="text-align: justify;">have account with Union Bank; or</div><div style="text-align: justify;">- PESONet through LBP Link.BizPortal - for taxpayers who have account with</div><div style="text-align: justify;">RCBC and Robinsons Bank.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">The RMC No. 30-2021 is dated March 2, 2021.</div></div>DULDULAO DOT NEThttp://www.blogger.com/profile/13752579640147461097noreply@blogger.com0tag:blogger.com,1999:blog-1892325365051928733.post-75599372724934538972020-11-12T00:43:00.002+08:002020-11-12T00:43:48.587+08:00Offline eBIRForms Package v7.7 is New Version ready for download<p>In line with the ease of doing business in the community, the bureau has updated the version of Offline eBIRForms Package from Offline eBIRForms Package v7.6.1 to Offline eBIRForms Package v7.7 with new necessary updates with ease and seamless filing of BIR Tax Returns without compromising the going concern of the business operations of the business people in the community. </p><p>Maintenance of system is an important measure to minimize and avoid technical difficulties in compliance with the requirements of its offline and online system of eco modern technologies this day.</p><p>To download the Offline eBIRForms Package v7.7, clink the link below: </p><p> <a href="http://ebirforms-ftp.bir.gov.ph/ebirforms_package_v7.7.zip">http://ebirforms-ftp.bir.gov.ph/ebirforms_package_v7.7.zip</a></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p>DULDULAO DOT NEThttp://www.blogger.com/profile/13752579640147461097noreply@blogger.com0tag:blogger.com,1999:blog-1892325365051928733.post-61090127961509085902020-11-07T23:22:00.001+08:002020-11-07T23:22:07.911+08:00Period of Validity, Conversion and Revalidation of Unutilized Tax Credit Certificate<p style="text-align: justify;"><b>Revenue Regulations (RR) No. 14-2020</b> dated January 30, 2020 was issued by the bureau amending the Pertinent Provisions on <b>Cash Conversion of Unutilized Tax Credit Certificate (TCC)</b> under RR No. 5-2000. TCC represents the amount due to a taxpayer resulting from an overpayment of a tax liability or erroneous payment of a tax due. It may be applied for by the taxpayer instead of filing a claim for refund with the Bureau of Internal Revenue (BIR). It may be used as payment of any tax liability by way of applying for Tax Debit Memo (TDM) or may be converted into a cash, in case the taxpayer-owner has no longer use for it.</p><p style="text-align: justify;"><b>Period of Validity, Conversion and Revalidation</b></p><p style="text-align: justify;"><b>a. Vality Period</b> - Any TCC issued which remains unutilized after five (5) years from the date of issue shall, unless revalidated before the end of the fifth year, be considered invalid. This means that the TCC shall not be allowed for use in payment of any taxpayer's internal revenue tax liability nor allowed to be transferred and the unutilized amount thereof shall revert to the General Fund of the National Government. (RR No. 5-2000) </p><p style="text-align: justify;"><b>b. Conversion Period</b> - Any request for conversion into cash refund of unutilized tax credits may be allowed during the validity period of the TCC. Provided, however, that the original copy of the Tax Credit Certificate showing a creditable balance is surrendered to the Asst. Commissioner, Collection Service or other duly authorized Revenue Officer for verification and cancellation. Provided, further, that a refund check of treasury warrant issued in accordance with the pertinent provisions of the Tax Code of 1997, as amended, which shall remain uncashed or unclaimed within five (5) years from the date of issue, mailing or delivery, whichever comes later, shall be forfeited in favor of the Government and the amount thereof shall revert to the general fund.</p><p style="text-align: justify;">Provided furthermore, that, any TCC which remains unutilized for more than one (1) year at any given interval of time during its validity shall be converted into cash with prior written notice by the BIR, subject to the availability of funds in accordance with the procedural requirements that will be issued by the BIR for this purpose.</p><p style="text-align: justify;"><b>c. Revalidation Period</b> - The revalidated TCC shall be valid for a period of five years from the date of issue. (RR No. 5-2000).</p><p style="text-align: justify;">All TCCs which are already expired upon the effectivity of this Regulations shall be automatically cancelled by the BIR, except those TCCs which are with the BIR, for purposes of utilization thru TDM, conversion or revalidation, before the expiration of their respective dates of validity: Provided, however, that the list of expired TCCs and names of its taxpayers-owners shall be circularized/posted with the BIR's official website, within thirty (30) days from the date of effectivity of these Regulations. The said ciruclar or posting of the list is deemed a sufficient notice to the concerned taxpayer-owner of the TCC.</p><p style="text-align: justify;"><br /></p><p style="text-align: justify;"><b>REFERENCES:</b> </p><p style="text-align: justify;">RR No. 5-2000; RR No. 14-2020.</p>DULDULAO DOT NEThttp://www.blogger.com/profile/13752579640147461097noreply@blogger.com0tag:blogger.com,1999:blog-1892325365051928733.post-24228406563091253592020-08-02T14:55:00.000+08:002020-08-02T14:55:04.069+08:00Extending the Deadline for Business Registration (activity and/or updates) of those into Digital Transactions<div dir="ltr" style="text-align: left;" trbidi="on">
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In relation with the global COVID-19 pandemic and when most citizens are into home quarantine while the business of selling goods and services through online network has been observed to be experiencing an increase growth in the community, the Bureau reminded the Deadline for Business Registration of those into Digital Transactions. </div>
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<b>Revenue Memorandum Circular (RMC) No. 75-2020</b> is being issued extending the Deadline for Business Registration of those Transaction under RMC 60-2020 until <b>August 31, 2020</b>, specifically for the registration of the <b>activity and/or updates</b> and those who shall voluntarily declare their past transactions subject to pertinent taxes and pay the taxes due when declared and paid on or before the said date shall not be subject to corresponding penalty for late filing and payment.</div>
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