Availability of new offline eBIRForms Package v7.6 (Revenue Memorandum Circular No. 16-2020, February 27, 2020) This Tax Alert is issued to inform all concerned on the availability of the offline eBIRForms Package version 7.6 downloadable from www.bir.gov.ph and www.knowyourtaxes.ph. The new offline eBIRForms package now includes the January 2018 (ENCS) version of the following forms: In addition, field validation and […]

Extended deadline for submission of BIR Forms 1604CF, 2316, and 1604E to March 31 (Revenue Memorandum Circular No. 17-2020, February 28, 2020) This Tax Alert is issued to inform all concerned on the extended deadline for submission of BIR Forms 2316, 1604CF, and 1604E and related alphalists for the year 2019. The deadline for submission of the […]

Availability of revised BIR Forms 2552, 1600-VT, and 1600-PT (Revenue Memorandum Circular Nos. 12-2020 and 13-2020, February 07, 2020) This Tax Alert is issued to inform all concerned on the availability of the following revised BIR forms pursuant to the implementation of the TRAIN Law: The revised returns are already available manually and can be downloaded from […]

Expanded coverage of Tax Amnesty on Delinquencies: A second chance to qualify (Revenue Memorandum Circular No. 11-2020, February 7, 2020) This Tax Alert is issued to inform all concerned on the following further clarifications on the implementing rules and regulations of the Tax Amnesty on Delinquencies.  The clarifications open the tax amnesty to taxpayers who received the […]

BIR suspends requirement for PTU for CAS/CBA (Revenue Memorandum Circular No. 10-2020, February 6, 2020) This Tax Alert is issued to inform all concerned on the suspension of the requirement for Permit-to-use (PTU) Computerized Accounting System (CAS), Computerized Books of Accounts (CBA) and components thereof. Taxpayers with pending applications for Permit to Use CAS, CBA, and/or components […]

Tax exemption of Bangko Sentral ng Pilipinas (Revenue Regulations No. 2-2020, January 15, 2020) This Tax Alert is issued to inform all concerned of the tax exemption privileges of the Bangko Sentral ng Pilipinas (BSP) under The New Central Bank Act of 2019 (RA 11211), as implemented by RR 2-2020. RR No. 02-2020 provides that the BSP […]

Suspension of January tax deadlines in RDOs 58 and 59 in Batangas (Revenue Memorandum Circular No. 07-2020, January 23, 2020) This Tax Alert is issued to inform all concerned on the suspension of deadlines in the acceptance of tax returns and payment of internal revenue taxes in the province of Batangas due to recent eruption of Taal […]

Extended deadline for submission of Sworn Declaration of Inventory by all Gasoline Stations (Revenue Memorandum Circular No. 06-2020, January 22, 2020) This Tax Alert is issued to inform all concerned on the extended deadline for submission of the Year-end Sworn Declaration Inventories of Diesel, Gasoline and Kerosene for all gasoline stations in relation to the BIR’s Fuel […]

Paranaque and Muntinlupa extend deadline for renewal of business permits for 2020 This Tax Alert is issued to inform all concerned taxpayers on the extended deadline for filing and/or payment of local business tax of certain local government units (LGU’s) for 2020. Based on the notices posted in the respective LGU offices or websites, the following LGUs […]

Availability of revised BIR Form No. 1702-Q (Revenue Memorandum Circular No. 03-2020, January 03, 2020) This Tax Alert is issued to inform all concerned on the availability of the newly revised quarterly income tax return for corporations, partnerships and other non-individual taxpayers (BIR Form No. 1702Q – January 2018 (ENCS), in relation to the implementation of the […]