Online submission of Certain Annual Income Tax and Excise Tax Returns (Revenue Memorandum Circular No. 2-2015, January 5, 2015) This circular was issued to inform all taxpayers and others concerned on the availability of Offline eBIRForms Package Version 4.7 in BIR Website particularly the following seven (7) returns which can now be submitted online thru […]

Revised requirements for Issuance of BIR ICC/BCC (Revenue Memorandum Order No. 1-2015, January 7, 2015) Amendments have been issued to expedite the issuance of BIR Importer’s Clearance Certificate (ICC) / Broker’s Clearance Certificate (BCC) relative to the accreditation of Importers and Customs Brokers. The following requirements have been waived: a. Certified copy of the Certificate […]

Additional de minimis benefits: CBA benefits and productivity incentives up to P10,000 (Revenue Regulations No. 1-2015, January 5, 2015) The list of tax-exempt de minimis benefits has been expanded to include the following: (k)Benefits received by an employee by virtue of a Collective Bargaining Agreement (CBA) and productivity incentive schemes provided the total annual monetary […]