Technical Alerts
Reminder on renewal of 2015 LGU registration
Under the Local Government Code (LGC), all business establishments are required to renew annually their registration with local government units (LGUs). The annual renewal of business registration consists of, but is not limited to, payment of local business tax (LBT), mayor’s permit fee, sanitary inspection fee, garbage fee, building inspection fee, electrical inspection fee, mechanical inspection fee, plumbing inspection fee, fire inspection fee, personnel fee, business plate registration fee and other charges imposed by the different LGUs.
Documentation for deductibility
Pursuant to Section 8 of Revenue Regulations 13-98, taxpayers claiming donations as deduction from gross income in computing the income tax, must present to the BIR the Certificate of Donation indicating the actual receipt and date of donation and the amount of cash, or acquisition cost if in property
Mandatory eFPS coverage for accredited importers and TAMP taxpayers
The mandatory coverage of the eFPS has been expanded to include the following:
BIR ITS maintenance
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
All field operations relating to BIR tax audits shall be suspended beginning December 16, 2014 to January 4, 2015, except in the following cases: