This Tax Alert is issued to inform all concerned on the significant provisions of the Ease of Paying Taxes (EOPT) Act or Republic Act (RA) No. 11976 which shall take effect on January 22, 2024.
The summary below is a comparison of the current tax rules and the significant amendments to the National Internal Revenue Code (NIRC) of 1997 geared towards safeguarding taxpayer rights and welfare, modernizing tax administration, providing mechanisms to encourage proper and easy compliance, updating the taxation system, and adopting best practices.
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