VAT exemption threshold on sale of house and lot, and other residential dwellings updated to P3,199,200; Importation of certain goods to fight COVID-19 exempt from ATRIG; Update rules on refund of overpaid percentage tax

15 Jun 2021

This Tax Alert is issued to inform all concerned on the amendments to the Revenue Regulations No. 04-2021 which provides for the implementing rules and regulations of the value added tax (VAT) and percentage tax provisions of Republic Act No. 11534, also known as Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act.

Guidelines and clarifications on the temporary reduction of percentage tax rate for the period from July 1, 2020 to June 30, 2023

26 May 2021

This Tax Alert is issued to inform all concerned taxpayers on the guidelines in filing and clarifications relative to the temporary reduction of percentage tax on persons exempt from VAT pursuant to Republic Act No. 11534, also known as Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, as implemented by Revenue Regulations (RR) No. 4-2021.

New BIR Form 1702Q (January 2018 version) now available in eFPS; Modified BIR Form 1702Q now available in eBIRForms facility

25 May 2021

This Tax Alert is issued to inform all concerned taxpayers on the availability of the new Quarterly Income Tax Return(QITR) (BIR Form 1702Q - January 2018 ENCS) in eFPS and modified version of the QITR (BIR Form 1702Qv2008c) in the eBIRForms package in relation to the reduction of corporate income tax rates under Republic Act No. 11534, also known as Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act.

Advisory on the submission of attachments to e-filed amended AITR for CY 2020

30 Apr 2021

This Tax Alert is issued to inform all concerned taxpayers on the following guidelines on the submission of attachments to the amended Annual Income Tax Return (AITR) for taxable period ending December 31, 2020

Advisory on the filing and payment of BIR Form 1601-FQ via eBIR Form Facility

30 Apr 2021

This Tax Alert is issued to inform all concerned taxpayers on the work-around procedures in filing and payment of Quarterly Remittance Return of Final Income Taxes Withheld (BIR Form 1601-FQ) for the first quarter of CY 2021 which is due on April 30, 2021.