Filing deadline moved to August 13, 2012

10 Aug 2012

The BIR has extended the deadline for the e-filing/filing and e-payment/remittance of BIR Forms 1600, 1606, 1601C and 1602; 1601E & 1601F; and 2200M from August 10, 2012 to August 13, 2012 for taxpayers filing in the following Revenue District Offices (RDOs), including affected Authorized Agent Banks (AABs).

Outsourcing Brief: April - June 2012

26 Jul 2012

April - June 2012

Enhanced ITR (BIR Form 1702) Now Available in the eFPS

18 Jul 2012

The enhanced EFPS version of the annual Income Tax Return (BIR Form No. 1702) for corporations was uploaded by the BIR last July 17, 2012, although no formal announcement of its availability has been announced in the BIR website.

VAT TCC Monetization Guidelines

04 Jul 2012

The DOF, DBM, BIR and BOC issued Joint Circular Nos. 2-2012 and 3-2012 implementing the monetization program for VAT Tax Credit Certificates (TCCs) under Executive Order No. 68, series of 2012.

Higher Exemption for Uniform Allowance

14 May 2012

The BIR has increased the threshold amount of tax-exempt "de minimis" uniform and clothing allowance from Php 4,000 to Php 5,000 per annum. The increase in uniform allowance is effective January 1, 2012.