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Updated requirements for income tax exemption of foreign-sourced dividends received by a domestic corporation

24 May 2023

This Tax Alert is issued to inform all concerned on the updated requirements to avail of the income tax exemption of foreign dividends received by domestic corporations.

Clarifications on the guidelines on the registration of IT-BPM RBEs with the BOI

12 May 2023

This Tax Alert is issued to inform all concerned on the clarifications on the supplemental guidelines on the registration of Information Technology and Business Process Management (IT-BPM) Registered Business Enterprises (RBEs) with the Board of Investments (BOI).

Additional clarifications on the supplemental guidelines on the registration of IT-BPM RBEs with the BOI

12 May 2023

This Tax Alert is issued to inform all concerned on additional clarifications on the supplemental guidelines on the registration of Information Technology and Business Process Management (IT-BPM) Registered Business Enterprises (RBEs) with the Board of Investments (BOI).

Optional filing and payment of monthly VAT returns now allowed

12 May 2023

This Tax Alert is issued to inform all concerned on the optional filing and payment of monthly VAT returns for VAT-registered taxpayers.

BIR prior approval on VAT zero-rating of qualified purchases of Registered Export Enterprises (REEs) no longer required

04 May 2023

This Tax Alert is issued to inform all concerned on the amendments on the VAT rules applicable to Registered Export Enterprises (REEs) pursuant to Revenue Regulations (RR) No. 16-2005, as amended by RR No. 21-2021, implementing Sections 294(E) and 295(D), Title XIII of the Tax Code as amended by Republic Act No. 11534, also known as the CREATE Act and its Implementing Rules and Regulations.