REVENUE MEMORANDUM CIRCULAR (RMC) NO. 97 2021
This issuance covers the tax liability of social media influencers, allowable deductions, tax compliance, and effects of taxes withheld in other countries of which they can opt to report under EITR (8% Income Tax Rate), 40% OSD (Optional Standard Deduction), and GITR (Graduated Income Tax Rate) regime. WHO ARE SOCIAL MEDIA INFLUENCERS The term “social […]
Republic Act (R.A) No. 11127 or the “National Payment Systems Act” and BangkoSentral ng Pilipinas (BSP) Circular No. 1049
HEADNOTE: Encapsulating highlights of National Payment Systems Act, the rules andregulations on registration of operators of payment systems (OPS), directives onoperating payment system without registration, and defines the violations, fines,and penalties under the Act. ATTENTION: Any person who is treated as an operator by providing clearing and settlement services in a payment system and those who define […]
Revenue Memorandum Circular (RMC) 97-2021
What are the tax obligations of social media influencers (SMIs)? What if their income is received from overseas? What happens if they fail to pay their taxes? Read below and learn more about RMC 97-2021 and find out how the tax residency certificate of SMIs can ease their tax burden:
SEC Memorandum Circular No. 28, Series of 2020
Extended submission of Company’s official email and mobile numbers in compliance with SEC MC 28-2020 until Nov. 11, 2021 In order to facilitate the Commission’s effort to support the economic recovery of the business sector during the pandemic, the SEC has decided to extend the deadline for Corporations, Partnerships, and Individuals under the jurisdiction and […]
PEZA Memorandum Circular No. 2021-051
Guidelines Monitoring the Compliance with the Conditions Prescribed Under Fiscal Incentives Review Board (FIRB) Resolution No. 19-21 on the Work from Home Arrangement for Registered Business Enterprises (RBES) in the IT-BPM Sector The Fiscal Incentives Review Board (FIRB) issued a Memorandum dated 09 September 2021 to all Investment Promotion Agencies (IPAs) and Registered Business Enterprises […]