Revised guidelines and procedures for availing tax treaty benefits (Revenue Memorandum Order No. 14-2021 issued on March 31, 2021) This Tax Alert is issued to inform all concerned on the revised procedures and documentary requirements for availing treaty benefits by non-resident taxpayers. The revised procedures shall apply to all income derived by nonresidents from Philippine sources that may be […]

NCR Plus Areas Taxpayers: Extended deadline for filing of letters and correspondences in relation to on-going BIR audit investigations falling due on April 5, 2021 and during the ECQ period, and further extension for filing of VAT refund application(Revenue Memorandum Circular No. 45-2021 issued on April 05, 2021) This Tax Alert is issued to inform […]

2020 AITR still due on April 15, 2021 but may be amended until May 15, 2021; e-signature now allowed for all returns and attachments; availability of eAFS facility (Revenue Memorandum Circular No. 46-2021 issued on April 06, 2021) This Tax Alert is issued to inform all concerned taxpayers to clarify the filing deadline for the […]

Out-of-district filing and payment of taxes allowed until April 30, 2021 (Revenue Memorandum Circular No. 41-2021 and Bank Bulletin No. 2021-06 issued on March 29, 2021) This Tax Alert is issued to inform all concerned on the relaxed rules on the filing and payment of taxes until April 30, 2021. Filing of returns as well as payment […]

Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act (Republic Act No. 11534, signed on March 26, 2021) This Tax Alert is issued to inform all concerned on the significant provisions of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act or Republic Act (RA) No. 11534 as approved by President Rodrigo Duterte. This summary is […]

Extended deadline for VAT refund application falling due on March 31, 2021; suspension of 90-day processing period (Revenue Memorandum Circular No. 39-2021 issued on March 22, 2021) This Tax Alert is issued to inform all concerned taxpayers on the extended deadline for filing of application and suspension of the 90-day processing period for value-added tax (VAT) refund […]

Use of e-signatures on BIR Forms 2304, 2306, 2307 and 2316 now allowed (Revenue Memorandum Circular No. 29-2021 published on March 01, 2021) This Tax Alert is issued to inform all concerned taxpayers on the policies and guidelines for the use of electronic signature (e-signature) on certain BIR Forms/ Certificates. Withholding agents or their duly authorized representatives […]

eBIRForms Package Version 7.8 now available (Revenue Memorandum Circular No. 33-2021 issued on March 03, 2021) This Tax Alert is issued to inform all concerned taxpayers on the availability of the latest eBIRForms package (version 7.8). The new version of the eBIRForms 7.8 can be downloaded from www.bir.gov.ph and www.knowyourtaxes.ph. The new offline eBIRForms package now includes the January 2018 […]

Revised manual BIR Forms 2200-A and 2200-T now available (Revenue Memorandum Circular No. 34-2021 issued on March 03, 2021) This Tax Alert is issued to inform all concerned taxpayers on the availability of the revised manual BIR Form 2200-A (Excise Tax Return for Alcohol Products January 2020 ENCS) and BIR Form 2200-T (Excise Tax Return for Tobacco, […]

Enhanced manual BIR Form 1601-FQ now available (Revenue Memorandum Circular No. 35-2021 issued on March 03, 2021) This Tax Alert is issued to inform all concerned taxpayers on the availability of the enhanced manual BIR Form 1601-FQ (Quarterly Remittance Return of Final Income Taxes Withheld September 2020 ENCS). The enhanced form now includes the additional countries having […]