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Clarifications on VAT zero-rating of Registered Export Enterprises (REEs) and Other Entities Granted with VAT Zero-Rate Incentives under Special Laws and International Agreements

30 Aug 2023

This Tax Alert is issued to inform all concerned on the clarifications on the provisions of Revenue Regulations (RR) No. 3-2023 and certain issues and concerns pertaining to transactions with other entities granted with VAT zero-rate incentives on local purchases under special laws and international agreements.

Deadline for the replacement of the Ask for Receipt Notice (ARN) with the Notice to Issue Receipts/Invoice (NIRI) now extended until September 30, 2023

11 Jul 2023

This Tax Alert is issued to inform all concerned on the extension of deadline for the replacement of the old Ask For Receipt Notice (ARN) with the new Notice to Issue Receipts/Invoice (NIRI).

Ask for Receipt Notice only valid until June 30, 2023; Notice to Issue Receipt/Invoice to replace Ask for Receipt Notice

27 Jun 2023

This Tax Alert is issued to inform all concerned on the new BIR Notice, “Notice to Issue Receipt/Invoice” (NIRI) which replaces the display of Ask for Receipt Notice by the BIR to be displayed in an area conspicuous to the public at the place of business of the seller.

Application of Certificate Authorizing Registration (CAR) for real properties in tax-free exchanges now with the RDO where the transferee/surviving corporation is registered, regardless of the number of real properties

27 Jun 2023

This Tax Alert is issued to inform all concerned on the amendment to the venue for the application of Certificate Authorizing Registration (CAR) for transferred properties pursuant to tax-free exchanges (TFE) relative to the implementation of Republic Act (RA) No. 11032, or the “Ease of Doing Business and Efficient Government Service Delivery Act of 2018”.

Reversion of Regular Corporate Income Tax to 10% for proprietary educational institutions and non-profit hospitals, Percentage Tax to 3%, and Minimum Corporate Income Tax to 2%, effective July 1, 2023

27 Jun 2023

This Tax Alert is issued to inform all concerned on the reversion of the reduced rates of Regular Corporate Income Tax (RCIT) of proprietary educations institutions and non-profit hospitals, Percentage Tax (PT), and Minimum Corporate Income Tax (MCIT) to original rates, pursuant to Republic Act (RA) No. 11534, or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act.