Certificate of authorizing registration be issued only through electronic system Revenue Memorandum Order No. 22- 2016 This Tax Alert is issued to inform all concerned on full shift to eCAR system. Beginning June 1, 2016, manual preparation of Certificates of Authorizing Registration (CAR) and Tax Clearance (TCL2) shall be stopped. CARs shall now be processed […]
Category Archives: Tax Alerts
Additional qualifications for accredited printers
Additional qualifications for accredited printers This Tax Alert is issued to inform all concerned that additional policies in the accreditation of printers engaged in the printing services of official receipts, sales invoices and other commercial receipt and/or invoices are newly provided. Additional requirements: In addition to the qualifications enumerated in Section 3 of RR 15-2012, […]
Application for PEZA VAT zero rating by email
Application for PEZA VAT zero rating by email (PEZA Memorandum Order No. 2015- 010) This Tax Alert is issued to remind all PEZA registered enterprises/ecozone developers/operators (PEZA enterprises) that issuance of VAT Zero rating certifications are to be filed through e-mail to further ease doing business with PEZA. Accomplished request form (PEZA Form No. ERD.2.F.006) […]
Revised policies on the execution of waivers
Revised policies on the execution of waivers (Revenue Memorandum Order No. 14- 2016, April 4, 2016) This Tax Alert is issued to inform taxpayers of the revised procedures and policies for the proper execution of waivers from the defense of prescription pursuant to Section 222 of the National Internal Revenue Code (NIRC) of 1997 is […]
Disclosures of other income of individuals suspended for 2015
Disclosure of other income of individuals suspended for 2015 (Revenue Memorandum Circular No. 41- 2016, April 1, 2016) This Tax Alert is issued to inform all concerned that the requirement for individuals to disclose other income is suspended for the 2015 annual income tax return (ITR) due on or before April 15, 2016. Unless further […]
Additional/alternative documentary requirements on application for BIR registration
Additional/alternative documentary requirements on application for BIR registration Revenue Memorandum Circular No. 37- 2016 This Tax Alert is issued to inform all concerned on the updated list of documentary requirements on application for registration of individuals and juridical entities with the BIR. Below are some of the additional or alternative documents prescribed in the amended […]
Availability of version 6.0 of eBIRForms package and other reminders
Availability of version 6.0 of eBIRForms package and other reminders Revenue Memorandum Circular No. 35- 2016, March 21, 2016 This Tax Alert is issued to inform all concerned that the latest eBIRForms Package Version 6.0 is now available. The latest version may be downloaded from the following sites: 1. www.knowyourtaxes.ph; 2. www.dof.gov.ph 3. Dropbox using […]
ATRIGs required before the release of imported automobiles from Customs
ATRIGs required before the release of imported automobiles from Customs This Tax Alert is issued to remind those concerned that released imported automobiles from customs must have Authority to Release Imported Goods (ATRIGs). All imported automobiles released from customs custody after March 31, 2016 without required Authority to Release Imported Goods (ATRIGs) may be detained, […]
AABs open on March 19 and April 02 to accept tax payments
AABs open on March 19 and April 02 to accept tax payments (Revenue Memorandum Circular No. 26- 2016, March 3, 2016) Authorized Agent Banks (AABs) will observe regular banking days on March 19 and April 02 for purposes of accepting tax payments. This is in lieu of March 26 and April 9 which are non-working […]
BOA Resolution No. 3 requiring an accredited CPA to certify the preparation of FS
BOA Resolution No. 3 requiring an accredited CPA to certify the preparation of FS (Revenue Memorandum Circular No. 21- 2016) The BIR circularized Board of Accountancy (BOA) Resolution No. 3, s of 2016 entitled “Requiring…..”. Among others, the Resolution requires that annual FS of companies who have gross sales exceeding P10 million should be accompanied […]