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Clarifications on the penalty for non-compliance by RBEs to WFH threshold

28 Mar 2023

This Tax Alert is issued to inform all concerned on the clarification issued by the Fiscal Incentives Review Boards (FIRB) regarding the correct basis of the penalty imposed to Registered Business Enterprises (RBEs) engaged in Information Technology and Business Process Management (IT-BPM) for non-compliance to the work from home (WFH) threshold prescribed by FIRB Resolution No. 17-22, as extended by FIRB Resolution No. 26-22.

Availability of e-Filing/Tax Assistance Center at the BIR National Training Center – Auditorium from March 20 to April 17, 2023

23 Mar 2023

This Tax Alert is issued to inform all concerned taxpayers on the availability of e-Filing/Tax Assistance Center at the BIR National Training Center – Auditorium from March 20 to April 17, 2023 (except Sundays and Holidays/Holy Week) from 8:00 AM to 5:00 PM, in line with the 2022 Annual Income Tax Return (AITR) filing and payment of taxes.

2022 Annual ITR filing and payment guidelines; Out-of-district filing and payment of taxes now allowed

23 Mar 2023

This Tax Alert is issued to inform all concerned on the guidelines on the filing and payment of the annual income tax return (AITR) for the calendar year 2022.

Extension of bond-free period for IT-BPM RBEs until June 30, 2023

23 Mar 2023

This Tax Alert is issued to inform all concerned on the extension of the bond-free period for Registered Business Enterprises (RBEs) in the Information Technology and Business Process Management (IT-BPM) sector allowing the movement of equipment and other assets outside the economic zone or freeport zone without posting any bond.

Reminder on the submission of the Related Party Transaction (RPT) Form due on April 2023 for calendar year taxpayers and Preparation of Transfer Pricing Documentation

08 Mar 2023

This Tax Alert is issued to remind all concerned taxpayers for the submission of the Related Party Transaction (RPT) Form due on the April 2023 for the calendar year ended December 31, 2022 and preparation of the Transfer Pricing Documentation (TPD).