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Regular income tax rates for employees of RHQs, ROHQs, OBUs, and Petroleum Contractors

05 Feb 2018

This Tax Alert is issued to inform all concerned taxpayers on the BIR’s advisory on the applicable income tax rates to employees of Regional Headquarters (RHQs) and Regional Operating Headquarters (ROHQs) of multinational companies; Offshore Banking Units (OBUs); and Petroleum Service Contractors and Subcontractors.

Reinstating the Informal Conference Stage in Tax Assessment

05 Feb 2018

This Tax Alert is issued to inform all concerned taxpayers on the reinstatement of the Informal Conference stage as part of the due process requirement in the issuance of deficiency tax assessment.

Monthly Filing of Expanded/Creditable and Final Withholding Tax Returns

05 Feb 2018

This Tax Alert is issued to inform all concerned on the filing and payment deadlines for expanded/creditable withholding tax (BIR Form 1601-E/1606) and final withholding tax (BIR Form 1601-F/1602).

New rule on deductibility of expenses not subjected to withholding tax

25 Jan 2018

This Tax Alert is issued to inform all concerned taxpayers that RR 12-2013 has been revoked and that the rule on deductibility of expenses upon payment of deficiency withholding tax has been reinstated.

Local Business Tax (LBT): Filing and Payment extension notices

23 Jan 2018

This Tax Alert is issued to inform all concerned taxpayers on the extended deadline for filing and/or payment of local business tax of certain local government units (LGU’s).