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On Sept. 15, 2021, the House of Representatives approved on third and final reading House Bill No. 8942, otherwise known as the Ease of Paying Taxes (EOPT) Act.

THE Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 99-2021 to address some of the issues and concerns of taxpayers about the consolidated list of VAT-exempt products in RMC 81-2021 and the treatment of input VAT on said products prior to or upon the effectivity of its VAT exemption. This exemption is provided pursuant to the provisions of the Corporate Recovery and Tax Incentives for Enterprises (Create) Act, as implemented by RR No. 4-2021.

The Bureau of Internal Revenue (BIR) has recently released Revenue Regulation (RR) 16-2021 to further amend the pertinent provisions on the manner of submission of copies of BIR Forms 2307 and 2316.

The Bureau of Internal Revenue (BIR) released Revenue Memorandum Circular No. 97-2021 to clarify the tax obligations of all social media influencers, individuals or corporations, with the end goal of raising revenues from their undeclared income and at the same time, reminding them of the possible consequences of their failure to pay taxes. This comes on the heels of reports that the BIR has been receiving stating that certain social media influencers are not paying their income taxes despite earning huge income from different social media platforms.

Last July 26, 2021, the Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) 17-2021 amending sections 9, 12 and 13 of RR 6-2019 on the extension of the availment of Estate Tax Amnesty under Republic Act 11213, as amended by RA 11560.

The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) 91-2021 to inform taxpayers in areas under enhanced community quarantine (ECQ) and modified enhanced community quarantine (MECQ) on the extended tax filing and payment deadlines falling within the ECQ and MECQ period and the relaxed rules in acceptance of tax payments.

In view of the continuing Covid-19 pandemic and its impact to the export industry, Revenue Regulations (RR) 15-2021 deferred the implementation of RR 9-2021 until an amendatory revenue regulation is issued. RR 9-2021 imposed 12 percent VAT on transactions which used to be zero-rated under Section 106 (A) (2) (a) (3), (4), and (5) and Section 108 (B) (1) and (5) of the Tax Code, as amended.

The Bureau of Internal Revenue has issued Revenue Regulations (RR) No. 13-2021 to implement the penalty provisions under Sections 76 to 80 of Republic Act (RA) No. 10963, otherwise known as the Tax Reform for Acceleration and Inclusion Law or the TRAIN Law, amending Sections 254 and 264 of, and adding Sections 264-A, 264-B and 265-A to, the Tax Code.