Monthly Archives: April 2022
Prescribe format of VAT Zero Percent (0%) Certification to be issued by Investment Promotion Agencies (IPA) to Registered Export Enterprises (REE)
Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 36-2022 to establish a uniform template for VAT Zero Percent (0%) Certification to be issued by Investment Promotion Agencies (IPA) annually as presented to the Q and A No. 34 of RMC No. 24-2022 I. VAT Zero Percent Certification to Registered Export Enterprises contains: […]
Application for Certificate of Entitlement to Tax Incentives (CETI) of Registered Business Enterprises (RBE) with FIRB and IPAs (PEZA, BOI, etc.)
CETI is a requirement for all RBE in availing of the Income Tax Holiday (ITH) or preferential rate provided by CREATE Revenue Memorandum Circular (RMC) No. 28-2022 mandates all Registered Business Enterprises (RBE) to apply for a Certificate of Entitlement to Income Tax Incentives (CETI) formerly Certificate for Entitlement to Income Tax Holiday, to the […]
Clarifications Regarding the Deadline for Filing of Annual Income Tax Returns (AITR) and Non-Imposition of Increments on Amended Returns
Tentative AITR may be filed on or before April 18, 2022 which can be amended on or before May 16, 2022, without the imposition of interest, surcharge, and penalties while overpayment can be carried over as tax credit in the succeeding periods Revenue Memorandum Circular (RMC) No. 42-2022 was issued by the Bureau of Internal […]