Clarifications on the extended statutory deadlines due to declaration of Alert 3 or higher in certain areas (Revenue Memorandum Circular No. 16-2022, January 31, 2022) This Tax Alert is issued to inform all concerned on the following clarifications on extended statutory deadlines for taxpayers within the jurisdictions classified under Alert Level 3 or higher for the month […]

BIR Form 2316 of employees qualified for substituted filing shall still be accepted by the BIR even without employee signature (BIR Advisory issued on January 17, 2022) This Tax Alert is issued to inform all concerned taxpayers of the relaxed rules on the submission of Certificate of Compensation Payment/ Tax Withheld for Compensation Payment With or Without […]

Relaxed rules in tax filings and payments in areas under Alert Level 3 classification (BIR Advisory issued on January 05, 2022 and Bank Bulletin No. 2022-01 dated January 05, 2022)  This Tax Alert is issued to inform all concerned taxpayers on the following relaxed rules on the tax filing and payment for taxpayers in areas covered by Alert Level 3 classification due to COVID-19:  a. Taxpayers […]

Republic Act No. 11635: Proprietary educational institutions are subject to 10% preferential income tax rate (1% from July 1, 2020 to June 30, 2023) (Signed on December 10, 2021) This Tax Alert is issued to inform all concerned on the amendment in National Internal Revenue Code relative to the income tax rate applicable to proprietary educational institutions. […]

Extended statutory deadlines for areas affected by Typhoon Odette; out-of-district filing and payment allowed (Revenue Regulations No. 22-2021 issued on December 31, 2021) This Tax Alert is issued to inform all concerned on the extended statutory deadlines and out-of-district filing and payment for taxpayers within the jurisdiction of Revenue Regions (RR) and Revenue District Offices (RDO) that […]