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Recent Tax Alerts

Tax treatment of equity-based compensation and reportorial requirements
Tax treatment of equity-based compensation and reportorial requirements (Revenue Memorandum Circular No. 143-2022, issued on November 9, 2022) This Tax Alert is issued to inform all concerned...
30:70 WFH arrangement for IT-BPM RBEs extended until December 31, 2022; transfer of registration from PEZA to BOI of existing RBEs in the IT-BPM sector allowed
30:70 WFH arrangement for IT-BPM RBEs extended until December 31, 2022; transfer of registration from PEZA to BOI of existing RBEs in the IT-BPM sector allowed (FIRB Resolution No. 026-2022, dated...
Guidelines on the Transfer of Registration of Existing Registered Business Enterprises (RBEs) in the Information Technology-Business Process Management Sector to Board of Investments (BOI)
Tax Alerts Guidelines on the Transfer of Registration of Existing Registered Business Enterprises (RBEs) in the Information Technology-Business Process Management Sector to Board of...
Equity-based compensation paid to either rank-and-file and managerial/supervisory employees are subject to withholding tax on compensation
Equity-based compensation paid to either rank-and-file and managerial/supervisory employees are subject to withholding tax on compensation (Revenue Regulations No. 13-2022, issued on October 07,...
Filing and payment of BIR Forms 2550M, 2550Q and 2551Q, as well as submission of reportorial documents due on September 26, 2022, extended to September 27, 2022
Filing and payment of BIR Forms 2550M, 2550Q and 2551Q, as well as submission of reportorial documents due on September 26, 2022, extended to September 27, 2022 (Revenue Memorandum Circular No....
Clarifications on the removal of the 5-year validity period on receipts/invoices
Clarifications on the removal of the 5-year validity period on receipts/invoices (Revenue Memorandum Circular No. 123-2022, issued on August 31, 2022)  This Tax Alert is issued to inform all...
Lifting of suspension of field audit and other field operations
Lifting of suspension of field audit and other field operations (Revenue Memorandum Circular (RMC) No. 121-2022, issued on August 22, 2022)  This Tax Alert is issued to inform all concerned...
Suspension of the conduct of TCVD now lifted
Suspension of the conduct of TCVD now lifted (Revenue Memorandum Circular No. 115-2022 issued on July 28, 2022)  This Tax Alert is issued to inform all concerned on the lifting of the...
FIRB now allows 30% of the total workforce of RBEs in the IT-BPM sector to work offsite from April 1, 2022 until September 12, 2022
FIRB now allows 30% of the total workforce of RBEs in the IT-BPM sector to work offsite from April 1, 2022 until September 12, 2022 (Revenue Memorandum Circular No. 102-2022, issued on July 19,...
Temporary measures to support BOI registered RBEs which were adversely affected by Typhoon Odette
Temporary measures to support BOI registered RBEs which were adversely affected by Typhoon Odette (Revenue Memorandum Circular No. 103-2022, issued on July 19, 2022)  This Tax Alert is issued...