Transitory provisions for the implementation of quarterly filing of VAT returns covering period starting January 01, 2023

18 Jan 2023

This Tax Alert is issued to inform all concerned on the transitory provisions for the implementation of the quarterly filing of Value-Added Tax (VAT) returns beginning January 1, 2023, pursuant to the Tax Reform for Acceleration or Inclusion Law (TRAIN Law).

Suspension of the Premium Rate Increase from 4.0% to 4.5% and the Increase of Income Ceiling from P80,000 to P90,000 in CY 2023

10 Jan 2023

The Board of Directors of the Philippine Health Insurance Corporation (PhilHealth) held a meeting on January 4, 2023 and affirmed that PhilHealth will suspend the premium rate increase from 4.0% to 4.5% and the increase of the income ceiling from P80,000 to P90,000 in CY 2023, in accordance with a directive from the President of the Philippines.

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).