New Withholding Rules on payments of professional, talent and commission fees (Revenue Regulations No. 11-2018) This Tax Alert is issued to inform all concerned on the changes on the creditable/expanded withholding tax rules on professional fees, talent fees and commissions, effective January 1, 2018. Professional fees, talent fees, and consultancy fees payable to individual payees are now […]

New Rules on Withholding Agents for Purchases of Services and Goods (Revenue Regulations No. 11-2018) This Tax Alert is issued to inform all concerned on the new rules in determining the taxpayers required to withhold on purchases of goods and services other than those covered by other rates of withholding tax. Under RR No. 11-2018, a new […]

Status quo on VAT zero-rating of sales to PEZA entities PEZA Memorandum Circular No. 2018-003, March 12, 2018 The PEZA Director-General announced that sale of goods and services to PEZA entities shall continue to be subject to 0% VAT. This was issued following a clarification by the Department of Finance (DOF)  that the TRAIN law […]

Processing of ICC/BCC vested to BOC alone (BIR Advisory on DOF Department Order No. 011-2018) This Tax Alert is issued to inform all on the simplified process on the accreditation and registration of customs brokers and importers. Pursuant to Department of Finance (DOF) Department Order No. 011-2018, the authority to accredit and register customs brokers and importers […]

[Updated] Quarterly filing of Percentage Tax Return: Monthly remittance of Percentage Tax Withheld (BIR Tax Advisory) This Updated Tax Alert is issued to inform all concerned on the filing and payment deadline for remittance of percentage tax pursuant to TRAIN Law and BIR Advisory dated February 19, 2018 and signed by Commissioner Dulay. Following the TRAIN Law […]

Quarterly filing of Percentage Tax Return This Tax Alert is issued to inform all concerned on the status of the filing and payment deadline for remittance of percentage tax pursuant to TRAIN Law. Under the TRAIN Law (RA No. 10963), the percentage tax return shall be due quarterly within 25 days from the close of the taxable […]

[Updated] Monthly Filing of Expanded/Creditable and Final Withholding Tax Returns This Updated Tax Alert is issued to inform all concerned on the filing and payment deadlines for expanded/creditable withholding tax (BIR Form 1601-E/1606) and final withholding tax (BIR Form 1601-F/1602). Under the TRAIN Law (RA No. 10963), the final and creditable withholding tax returns (except for withholding […]

Regular income tax rates for employees of RHQs, ROHQs, OBUs, and Petroleum Contractors (BIR Tax Advisory) This Tax Alert is issued to inform all concerned taxpayers on the BIR’s advisory on the applicable income tax rates to employees of Regional Headquarters (RHQs) and Regional Operating Headquarters (ROHQs) of multinational companies; Offshore Banking Units (OBUs); and Petroleum Service […]

New rule on deductibility of expenses not subjected to withholding tax (Revenue Regulations No. 6-2018) This Tax Alert is issued to inform all concerned taxpayers that RR 12-2013 has been revoked and that the rule on deductibility of expenses upon payment of deficiency withholding tax has been reinstated. RR 12-2013 promulgated that no deduction will be allowed […]