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Manually issued Certificate of Entitlement to Tax Incentives (CETI) as attachment to AITR of RBEs still acceptable for taxable year 2022

06 Jan 2023

This Tax Alert is issued to inform all concerned on the extension of the acceptance of manually issued Certificate of Entitlement of Tax Incentives (CETI) as an attachment to the Annual Income Tax Return (AITR) of Registered Business Enterprises (RBEs) as proof of entitlement to income tax incentives.

Clarifications on the effect of non-submission by cooperatives of the TINs of its members

06 Jan 2023

This Tax Alert is issued to inform all concerned on the effects of non-submission by cooperatives of the Taxpayer Identification Number (TIN) of its members within six (6) months from issuance of its Certificate of Tax Exemption (CTE).

Availability of the revised format for Alphalist of Employees

06 Jan 2023

This Tax Alert is issued to inform all concerned on the availability of the revised format for alphalist of employees as attachment to BIR Form No. 1604-C (Annual Information Return of Income Taxes Withheld on Compensation).

Allowed transfer of registration of IT-BPM RBEs to BOI extended until January 31, 2023

06 Jan 2023

This Tax Alert is issued to inform all concerned taxpayers on the extension of the deadline for the transfer of registration of Registered Business Enterprises (RBEs) under the Information Technology-Business Process Management (IT-BPM) sector to the Board of Investments (BOI).

Reduced income tax rates effective January 1, 2023

28 Dec 2022

This Tax Alert is issued to inform all concerned on the revised individual income tax rates applicable to citizens, resident aliens and non-resident aliens engaged in trade or business effective January 1, 2023.