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Tax Mapping Reminders

18 Jan 2024

To ensure that you are ready when the BIR conducts tax mapping operations, please prepare your books of accounts, ensure updated recording, display your Certificate of Registration 2303, BIR form 0605 RF, NIRI (Notice to issue receipts/invoices). These must be displayed in any conspicuous place of business establishment and available for inspection.

Ease of Paying Taxes (EOPT) Act

14 Jan 2024

This Tax Alert is issued to inform all concerned on the significant provisions of the Ease of Paying Taxes (EOPT) Act or Republic Act (RA) No. 11976 which shall take effect on January 22, 2024. The summary below is a comparison of the current tax rules and the significant amendments to the National Internal Revenue Code (NIRC) of 1997 geared towards safeguarding taxpayer rights and welfare, modernizing tax administration, providing mechanisms to encourage proper and easy compliance, updating the taxation system, and adopting best practices.

Payment of Annual Registration Fee no longer required effective January 22, 2024

09 Jan 2024

This Tax Alert is issued to inform all concerned that the Bureau of Internal Revenue (BIR) will cease to collect the Annual Registration Fee (ARF) effective January 22, 2024, pursuant to Republic Act No. 11976 or the “Ease of Paying Taxes Act.”

Implementation of the Tax Exemptions of Donation of Imported Capital Equipment, Raw Materials, Spare Parts, or Accessories Directly and Exclusively Used by Registered Business Enterprises

04 Jan 2024

This Tax Alert is issued to inform all concerned on the tax exemptions of donation of imported capital equipment, raw materials, spare parts, or accessories, which were granted tax and customs duty exemption, by registered business enterprises to the TESDA, state universities, and colleges (SUCs), or DepEd and CHED-accredited schools in pursuant to Section 295(C)(2)(e) in relation to Section 101 (A)(2) of the Tax Code, as amended by RA No. 11534 or CREATE Law.

2023年11月号

11 Dec 2023

2023年11月号 フィリピン移転価格税制:産業分析の理解と文書化について