Required online registration of books of accounts via ORUS

01 Feb 2023

This Tax Alert is issued to inform all concerned on the policies and guidelines on the new requirement to register all books of accounts online using the BIR Online Registration and Update System (ORUS) facility.

Deadline for submission of BIR Form No. 1604-C extended for employers with employees availing 5% PERA tax credit; employers with no employees availing 5% PERA tax credit to continue to file using the old format on or before Jan. 31, 2023

30 Jan 2023

This Tax Alert is issued to inform all concerned taxpayers on the updated deadline on the submission of BIR Form No. 1604-C (Annual Information Return of Income Taxes Withheld on Compensation), together with the alphalist of employees attachment covering taxable year ended December 31, 2022.

Clarifications on the Return Processing System (RPS) assessment by the BIR

30 Jan 2023

This Tax Alert is issued to inform all concerned taxpayers on the clarifications regarding Bureau of Internal Revenue (BIR)’s notice to taxpayers labelled as “RPS Assessment.”

Transitory provisions for the implementation of quarterly filing of VAT returns covering period starting January 01, 2023

18 Jan 2023

This Tax Alert is issued to inform all concerned on the transitory provisions for the implementation of the quarterly filing of Value-Added Tax (VAT) returns beginning January 1, 2023, pursuant to the Tax Reform for Acceleration or Inclusion Law (TRAIN Law).

Suspension of the Premium Rate Increase from 4.0% to 4.5% and the Increase of Income Ceiling from P80,000 to P90,000 in CY 2023

10 Jan 2023

The Board of Directors of the Philippine Health Insurance Corporation (PhilHealth) held a meeting on January 4, 2023 and affirmed that PhilHealth will suspend the premium rate increase from 4.0% to 4.5% and the increase of the income ceiling from P80,000 to P90,000 in CY 2023, in accordance with a directive from the President of the Philippines.