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Reportorial requirements on the exemption from DST for qualified loans pursuant to Bayanihan to Recover as One Act (RA 11494)

02 Mar 2021

This Tax Alert is issued to inform all concerned taxpayers on the prescribed reportorial requirements to be submitted by covered institutions’ DST exemption of loan term extensions and credit restructuring pursuant to relief for loans falling due on or before December 31, 2020 under Bayanihan to Recover as One Act (Republic Act No. 11494) or the Bayanihan II.

Financial Institutions Strategic Transfer (FIST) Act

26 Feb 2021

This Tax Alert is issued to inform all concerned on the relevant tax provisions of Financial Institutions Strategic Transfer (FIST) Act (Republic Act No. 11253).

Bicameral Conference Committee Report on the Proposed Corporate Recovery and Tax Incentives for Enterprises Act (CREATE)

03 Feb 2021

This Tax Alert is issued to inform all concerned on the proposed amendments to the National Internal Revenue Code of 1997, as amended, under the proposed “Corporate Recovery and Tax Incentives for Enterprises Act” or CREATE Bill, as approved by the Bicameral Conference Committee of the House of Representatives and the Senate.

Updated filing guidelines for BIR Forms 1604C, 1604F and 1604E; submission of BIR Form 2316 without employee signature shall be accepted

02 Feb 2021

This Tax Alert is issued to inform all concerned taxpayers on the clarifications of certain issues and concerns in the filing of BIR Form Nos. 1604C, 1604F and 1604E and submission of BIR Form 2316 to the BIR.

Deadline of filing and submission of BIR Forms 1604C and 1604F, together with annual alphalist of employees/payee, and quarterly alphalist of payees, extended to February 28, 2021

29 Jan 2021

This Tax Alert is issued to inform all concerned on the extension of deadline of filing and submission of BIR Forms 1604C and 1604F and certain alphalist attachments.