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Deadline for registering online businesses further extended to September 30, 2020

02 Sep 2020

This Tax Alert is issued to inform all concerned on the further extension of the deadline for registering online businesses and paying taxes on past transactions without penalty.

Relaxed rules on tax residency and creation of permanent establishment due to effects of COVID-19 measures

24 Aug 2020

This Tax Alert is issued to inform all concerned on the effects of travel restrictions and other measures undertaken by the government to prevent the spread of COVID-19 on a taxpayer’s residency status and creation of permanent establishment in relation to the application of relevant tax treaty provisions.

Revised rules in the determination of fair market value of unlisted shares

19 Aug 2020

This Tax Alert is issued to inform all concerned on the revised rules in the determination of fair market value of shares of stocks not traded through a local stock exchange.

Fiscal Year’s Annual ITR and Quarterly ITR’s attachments may now be submitted through eAFS system

12 Aug 2020

This Tax Alert is issued to inform all concerned taxpayers on the expanded coverage of electronic Audit Financial Statements (eAFS) system.

Relaxed rules on the filing and payment of taxes in NCR, Bulacan, Cavite, Laguna and Rizal during MECQ

07 Aug 2020

This Tax Alert is issued to inform all concerned on the relaxed rules for filing returns and payment of internal revenue taxes applicable during Modified Enhanced Community Quarantine (MECQ) in the National Capital Region, Bulacan, Cavite, Laguna and Rizal.