Alternative modes of issuance of receipts/invoice during ECQ and MECQ, not applicable during GCQ (Revenue Memorandum Circular No. 59-2020, June 11, 2020)  This Tax Alert is issued to inform all concerned on the receipting/invoicing requirements during the modified enhanced community quarantine (MECQ), general community quarantine (GCQ), and modified GCQ.  Modified Enhanced Community Quarantine (MECQ)  The workaround procedures/temporary measures which may be adopted by taxpayers during ECQ, as  provided under RMC […]

AABs to accept payments for 2019 Annual ITR until 5pm of June 15, 2020 (Bank Bulletin No. 2020-08, June 11, 2020)  This Tax Alert is issued to inform all concerned taxpayers on the responsibilities of Authorized Agent Banks (AABs) in relation to the acceptance of payments for the annual income tax returns (AITR) for calendar year 2019.  The Bureau of Internal Revenue […]

Relaxed rules in the acceptance of tax payments during ECQ period (Revenue Memorandum Circular No. 43-2020 and Bank Bulletin 2020-04) This Tax Alert is issued to inform all concerned on the acceptance of tax payments of internal revenue taxes applicable during the enhanced community quarantine (ECQ) period. During the ECQ period, taxpayers may: Pay internal revenue taxes […]

2019 Annual Income Tax Returns filing and payment guidelines (Revenue Memorandum Circular No. 42-2020, April 17, 2020) This Tax Alert is issued to inform all concerned on the guidelines in filing and payment of income tax returns (BIR Forms 1700/ 1701/ 1701A/ 1702RT/ 1702EX/ 1702MX) for taxable year 2019.

Available Tax Relief during the state of national emergency due to COVID-19 (as of April 16, 2020) This list of available tax relief during the state of national emergency due to COVID-19 is updated as of April 16, 2020 with the issuance of Revenue Regulations No. 09 and 10-2020 and Revenue Memorandum Circular Nos. 36, […]

Amendment of returns prior to extended deadlines – no penalties for additional payment, carry-over of overpayment (Revenue Memorandum Circular No. 37-2020, April 6, 2020) This Tax Alert is issued to inform all concerned on the following additional guidelines for the filing and payment of taxes before the extended deadlines provided under Revenue Regulations No. 07-2020. Taxpayers who […]

Filing and payment of 2019 Annual ITR extended to May 15 (Revenue Memorandum Circular No. 28-2020, March 18, 2020) This Tax Alert is issued to inform all concerned on the updated filing and payment deadline of 2019 Annual ITR. Taxpayers may file and pay their 2019 Annual Income Tax Return (AITR) until May 15, 2020 […]

Extended deadline for Q1 2018 VAT refund application; suspended counting of 90-day processing period (Revenue Memorandum Circular No. 27-2020, March 18, 2020) This Tax Alert is issued to inform all concerned on the extension of filing deadline for the application for VAT refund and the suspension of the 90-day processing period for the same. Filing of VAT […]

Use of old BIR Forms 1604CF and 1604E (Revenue Memorandum Circular No. 18-2020, February 28, 2020) This Tax Alert is issued to inform all concerned on the use of old BIR Forms 1604CF and 1604E and existing Alphalist Data Entry and Validation Module (Version 6.1). The electronic formats of BIR Forms 1604C, 1604F and 1604E are not […]

Audit program for cooperatives (Revenue Memorandum Order No. 07-2020, February 18, 2020) This Tax Alert is issued to inform all concerned on the audit to be conducted by the Bureau of Internal Revenue (BIR) on cooperatives. Pursuant to the TRAIN Law, the BIR is no longer required to secure authorization from the Cooperative Development Authority (CDA) before […]