Venue for refund of CWT / CGT on sale of real properties (Revenue Memorandum Order No. 30-2018) This Tax Alert is issued to inform all concerned on venue for processing of claims for refund of erroneously paid Creditable Withholding Tax (CWT)/ Capital Gains Tax (CGT)on sale of real properties. To align with the venue for payment of […]

Refiling and/or amending of 1st Quarter BIR Forms 1601EQ/1601FQ by eFPS-users (BIR Tax Advisory) This Tax Alert is issued to inform all concerned on the remedy for issues encountered by eFPS users who filed the Quarterly Remittance Returns of CWT and FWT (BIR Forms 1601EQ and 1601FQ, respectively) prior to April 26, 2018 and May 3, 2018. […]

Taxation of Self-employed/Professional Individuals under TRAIN LAW This Tax Alert is issued to inform all concerned on the updated implementing rules and regulations on the taxation of self-employed and professional individuals.

Updated Rules on the Filing and Payment of Withholding Tax (Revenue Regulations No. 11-2018) This Tax Alert is issued to inform all on the following guidelines on the filing and payment of withholding taxes pursuant to Revenue Regulations No. 11-2018. New BIR Forms 0619E and 0619F were prescribed for the monthly remittance of withholding taxes.  We have […]

New Withholding Rules on payments of professional, talent and commission fees (Revenue Regulations No. 11-2018) This Tax Alert is issued to inform all concerned on the changes on the creditable/expanded withholding tax rules on professional fees, talent fees and commissions, effective January 1, 2018. Professional fees, talent fees, and consultancy fees payable to individual payees are now […]

New Rules on Withholding Agents for Purchases of Services and Goods (Revenue Regulations No. 11-2018) This Tax Alert is issued to inform all concerned on the new rules in determining the taxpayers required to withhold on purchases of goods and services other than those covered by other rates of withholding tax. Under RR No. 11-2018, a new […]

Status quo on VAT zero-rating of sales to PEZA entities PEZA Memorandum Circular No. 2018-003, March 12, 2018 The PEZA Director-General announced that sale of goods and services to PEZA entities shall continue to be subject to 0% VAT. This was issued following a clarification by the Department of Finance (DOF)  that the TRAIN law […]

Processing of ICC/BCC vested to BOC alone (BIR Advisory on DOF Department Order No. 011-2018) This Tax Alert is issued to inform all on the simplified process on the accreditation and registration of customs brokers and importers. Pursuant to Department of Finance (DOF) Department Order No. 011-2018, the authority to accredit and register customs brokers and importers […]

[Updated] Quarterly filing of Percentage Tax Return: Monthly remittance of Percentage Tax Withheld (BIR Tax Advisory) This Updated Tax Alert is issued to inform all concerned on the filing and payment deadline for remittance of percentage tax pursuant to TRAIN Law and BIR Advisory dated February 19, 2018 and signed by Commissioner Dulay. Following the TRAIN Law […]

Quarterly filing of Percentage Tax Return This Tax Alert is issued to inform all concerned on the status of the filing and payment deadline for remittance of percentage tax pursuant to TRAIN Law. Under the TRAIN Law (RA No. 10963), the percentage tax return shall be due quarterly within 25 days from the close of the taxable […]