AAB-acquirer liable for penalties on late remittance of tax payments through credit cards

09 Feb 2017

AAB-acquirer liable for penalties on late remittance of tax payments through credit cards (Revenue Regulations No. 2- 2017, February 8, 2016) This Tax Alert is issued to inform all concerned on the new rules regarding payment of taxes through credit/debit/prepaid card. In case taxes are paid through credit/debit/prepaid cards, the payment of taxes shall be deemed made on the date and time appearing in the system-generated payment confirmation receipt issued to the taxpayer by the AAB-Acquirer, regardless of when the payments are remitted to the BIR. Section 4 of Revenue Regulations 3-2016 is amended to the effect that the AAB-acquirer shall be liable to the penalties in case of late remittance or non-remittance of the payments to BIR. Prior to this amendment, the taxpayer who paid on time may still be liable to penalties if the AAB-acquirer fails to remit the payments to the BIR on time.

New compliance reports for PEZA entities

07 Feb 2017

This Tax Alert is issued to inform all concerned of a new reportorial requirement for PEZA-registered enterprises activities required by the Enterprise Operations Department (EOD).

Format for approval/denial of applications for compromise settlement and abatement of penalties

03 Feb 2017

This Tax Alert is issued to inform all concerned on the format of the Certificate of Availment and Notice of Denial

Merging of RDOs 43A and B - East and West Pasig

01 Feb 2017

This Tax Alert is issued to inform all concerned on the merging of the RDO No. 43A and RDO No. 43B

Splitting of BIR Region 9 - San Pablo City

31 Jan 2017

Effective February 1, 2017, BIR Region 9 - San Pablo City will be divided into two. Revenue Region 9A will service Cavite, Batangas, Mindoro and Romblon (CABAMIRO). Revenue Region 9B will cover Laguna, Quezon and Marinduque (LAQUEMAR). RR 9A will hold office at Liana's Junction Plaza in Sto. Tomas. RR 9B will stay at the current office on Maharlika Highway, Bgy. San Nicolas, San Pablo City.