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Extension of bond-free period for IT-BPM RBEs until June 30, 2023

23 Mar 2023

This Tax Alert is issued to inform all concerned on the extension of the bond-free period for Registered Business Enterprises (RBEs) in the Information Technology and Business Process Management (IT-BPM) sector allowing the movement of equipment and other assets outside the economic zone or freeport zone without posting any bond.

Reminder on the submission of the Related Party Transaction (RPT) Form due on April 2023 for calendar year taxpayers and Preparation of Transfer Pricing Documentation

08 Mar 2023

This Tax Alert is issued to remind all concerned taxpayers for the submission of the Related Party Transaction (RPT) Form due on the April 2023 for the calendar year ended December 31, 2022 and preparation of the Transfer Pricing Documentation (TPD).

Reminder on the filing of the Request for Confirmation (RFC) and Tax Treaty Relief Application (TTRA) due on April 30, 2023 for calendar year taxpayers

07 Mar 2023

This Tax Alert is issued to remind all concerned taxpayers of the April 30, 2023 deadline for the application of request for confirmation (RFC), tax treaty relief application (TTRA) and updating of long-term contracts covering income payments to non-residents during the calendar year ended December 31, 2022.

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.