BIR ITS maintenance

11 Dec 2014

BIR has issued an advisory requesting taxpayers to transact their businesses with BIR before Dec 12 to avoid any inconvenience resulting from the Intergrated Tax System downtime.

Suspension of Audit Activities

11 Dec 2014

All field operations relating to BIR tax audits shall be suspended beginning December 16, 2014 to January 4, 2015, except in the following cases:

Tax treatment of Stock Option Plans and other Option Plans

07 Nov 2014

RMC 79-2014 summarized and clarified the tax treatment of stock options plans and other option plans and imposed compliance requirement for corporations issuing stock options.

Further extension of application period for accreditation of importers

02 Jul 2014

Importers and customs brokers with valid and existing accreditation will have an extended period up to July 31, 2014 to file their application for accreditation.

Extension of application period for accreditation

26 May 2014

The application period for importers and brokers with valid and existing accreditation has been extended until June 30, 2014, or the original expiration of their Bureau of Customs (BOC) accreditation, whichever comes earlier.