1 2 3 4 5 6 7 8 9

Reminder on the reportorial requirements for the income tax exemption of foreign-sourced dividends received by domestic corporations

11 Apr 2022

This Tax Alert is issued to remind all concerned taxpayers on the reportorial requirements for the income tax exemption of foreign-soured dividends received by domestic corporations.

Clarifications and guidelines in using eAFS system; use of e-signatures on all tax returns, attachments and documents now allowed

11 Apr 2022

This Tax Alert is issued to inform all concerned on the on the clarifications and guidelines in using the electronic Audited Financial Statement (eAFS) System as well as the use of e-signatures on all tax returns, attachments and required documents.

Revised guidelines on the payment of penalty for RBEs violating WFH threshold/guidelines prescribed by FIRB

11 Apr 2022

This Tax Alert is issued to inform all concerned on the manner of payment of penalties in relation to the suspension of income tax incentives granted to Registered Business Enterprises (RBEs) in the IT-BPM sector for violating Work-From-Home (WFH) threshold requirements and conditions prescribed by the Fiscal Incentives Review Board (FIRB) in FIRB Resolution Nos. 19-21 and 23-21.

Clarification on the availment period of VAT zero-rating incentives for existing registered export enterprises

11 Apr 2022

This Tax Alert is issued to inform all concerned on the clarifications on the transitory provisions for the non-income related tax incentives, particularly the VAT zero-rating on purchases of registered export enterprises, pursuant to the CREATE Act.

Clarifications on the Certificate of Entitlement to Incentives (CETI) required to be attached to Registered Business Enterprise’s Annual ITR

11 Apr 2022

This Tax Alert is issued to inform all concerned on the clarificatory guidelines on the submission of Certificate of Entitlement to Tax Incentives (CETI) as an attachment to the Annual Income Tax Return (AITR) of a Registered Business Enterprise (RBE) to the Bureau of Internal Revenue (BIR).