TAX AMNESTY ON DELINQUENCIES (TAD) and VOLUNTARY ASSESSMENT AND PAYMENT PROGRAM (VAPP)
Extension of availment of the following until June 30, 2021 (LAST CALL) TAD – 40%-60% of basic tax – VAT and Income Tax and 100% of basic tax – Withholding Tax VAPP – 1%-5% of Gross Sales, 5%-9% of Taxable Net Income, or Minimum amount of P75,000 to P1,000,000 based on subscribed capital, whichever is higher. The Bureau of […]
VAT Amendment on Transactions previously taxed at Zero Percent
Now VATABLE– Indirect export of Raw materials / Packaging materials to Non-Resident buyer but delivered to a resident export oriented enterprise, BOI Registered Enterprises and for other persons doing business outside the Philippines; and sale of services by subcontractors and or contractors to export oriented enterprise The Bureau of Internal Revenue issued Revenue Regulation 9-2021 […]
Guidelines and Circular on E-signature
BIR Updates on the Use of E-signatures on Selected Forms In light of the current global health crisis brought about by the COVID-19 pandemic and in accordance to Republic Act (RA) No. 11032, or the “Ease of Doing Business and Efficient Government Service Delivery Act of 2018′, the Bureau of Internal Revenue (BIR) has issued […]
Annual Income Tax Returns (AITR) for the taxable year ending December 31,2020:
Filing of the amended 2020 AITR up to May 15, 2021 while the required attachments (Notes, AFS, and BIR Form 1709) up to May 30, 2021 The Bureau of Internal Revenue issued an advisory to the concerned taxpayers, revenue officials and employees regarding the submission of the Annual Income Tax Return (AITR) for the taxable […]
Guidelines in the Filing and Payment of Annual Income Tax Return by Non-Individual Taxpayers for the Taxable Year Ending July 31, 2020 – June 30, 2021
REVENUE MEMORANDUM CIRCULAR NO. 50-2021 The Availability of e -BIR forms in filing AITR in pursuant to R.A.11534 or CREATE LAW The BIR circular is issued to prescribe the guidelines in the filing and payment of Annual Income Tax Return (AITR) by Non- Individual Taxpayers for Taxable Year ending July 31,2020 -June 30,2021 which was […]