Prescribed template for sworn declaration required from RBEs to avail VAT zero-rating now available (Revenue Memorandum Circular (RMC) No. 84-2022 issued on June 30, 2022)  This Tax Alert is issued to inform all concerned on the prescribed template for sworn declaration to be executed by Registered Business Enterprises (RBEs) for their local suppliers of goods and services […]

Removal of 5-year validity period on receipts/ invoices (Revenue Regulations No. 06-2022 issued on June 30, 2022)  This Tax Alert is issued to inform all concerned on the removal of the five (5)-year validity period on all manual and system generated principal and supplementary invoices and receipts in line with the “Ease of Doing business and Efficient […]

Implementation of electronic receipts/invoices and electronic sales data transmission required for identified taxpayers (Revenue Regulations No. 08-2022 issued on June 30, 2022)  This Tax Alert is issued to inform all concerned on the implementation of the required issuance of electronic receipts or invoices in lieu of manual receipts or invoices for certain identified taxpayers, pursuant to Sections […]

List of additional and delisted Top Withholding Agents (Revenue Memorandum Circular No. 80-2022 issued on June 22, 2022)  This Tax Alert is issued to inform all concerned on the latest published lists of additional and delisted Top Withholding Agents (TWAs) who are required to deduct and remit the one percent (1%) or two percent (2%) Creditable Withholding […]

BIR field audit and other field operations, audit and other field operations under special task forces, are suspended until further notice; no issuance of written orders to audit and/or investigate except in certain cases (Revenue Memorandum Circular Nos. 76 and 77-2022 issued on May 30, 2022) This Tax Alert is issued to inform taxpayers of the suspension […]

eFPS filers allowed to file and pay manually or through eBIRForms due to current unavailability of EFPS; out-of-district payment also allowed (BIR Advisories dated May 10 and 11, 2022 and Bank Bulletin No. 2022-14 dated May 11, 2022) This Tax Alert is issued to inform all concerned taxpayers on the workaround procedures on the filing and payment […]

2021 AITR still due on April 18, 2022; filing of tentative AITR allowed and may be amended without penalties until May 16, 2022; e-signature allowed for all returns and attachments to AITR (Revenue Memorandum Circular Nos. 42 and 44-2022 issued on April 12, 2022) This Tax Alert is issued to clarify the filing deadline for the calendar […]

Clarifications on the Certificate of Entitlement to Incentives (CETI) required to be attached to Registered Business Enterprise’s Annual ITR (Revenue Memorandum Circular No. 37-2022 issued on April 06, 2022) This Tax Alert is issued to inform all concerned on the clarificatory guidelines on the submission of Certificate of Entitlement to Tax Incentives (CETI) as an attachment to […]

Clarification on the availment period of VAT zero-rating incentives for existing registered export enterprises (Revenue Memorandum Circular No. 38-2022 issued on April 06, 2022) This Tax Alert is issued to inform all concerned on the clarifications on the transitory provisions for the non-income related tax incentives, particularly the VAT zero-rating on purchases of registered export enterprises, pursuant […]

Revised guidelines on the payment of penalty for RBEs violating WFH threshold/guidelines prescribed by FIRB (Revenue Memorandum Circular No. 39-2022 issued on April 06, 2022) This Tax Alert is issued to inform all concerned on the manner of payment of penalties in relation to the suspension of income tax incentives granted to Registered Business Enterprises (RBEs) in […]