Extended Deadline for Submission of 2018 Alphalist of Employees/Payees using the New Validation Data Entry and Validation Module

30 Jan 2019

This tax alert is issued to inform all on the extended deadline for submission of Alphabetical List of Employees/Payees from whom Taxes Were Withheld for taxable year 2018.

The Proposed Tax Amnesty Act

07 Jan 2019

This Tax Alert is issued to inform all concerned of the salient provisions of the proposed “Tax Amnesty Act” as approved by the bicameral conference committee. The enrolled bill will be submitted to the President for his approval and signature. If the President does not take any action, the bill will become a law after 30 days.

Reversing the taxation of health card premiums and director’s fees under RMC 50-2018

29 Nov 2018

Pursuant to RMC 96-2018, premiums paid for group health insurance shall not be considered taxable compensation. Director’s fees, on the other hand, shall not be subject to business tax (VAT or percentage tax).

List of Existing and New Top Withholding Agents

10 Oct 2018

This tax alert is issued to inform all concerned taxpayers on the publication of the BIR’s list of top withholding agents.

New withholding tax treatment of premiums on health card of employees

28 Sep 2018

Under RMC No. 50-2018, a new tax treatment was prescribed for premium on health card paid by the employers for their employees.