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Allowed transfer of registration of IT-BPM RBEs to BOI extended until January 31, 2023

06 Jan 2023

This Tax Alert is issued to inform all concerned taxpayers on the extension of the deadline for the transfer of registration of Registered Business Enterprises (RBEs) under the Information Technology-Business Process Management (IT-BPM) sector to the Board of Investments (BOI).

Reduced income tax rates effective January 1, 2023

28 Dec 2022

This Tax Alert is issued to inform all concerned on the revised individual income tax rates applicable to citizens, resident aliens and non-resident aliens engaged in trade or business effective January 1, 2023.

Further clarifications on the VAT rules for Registered Business Enterprises (RBEs) under the CREATE Law

27 Dec 2022

This Tax Alert is issued to inform all concerned on further clarifications and guidelines on issues concerning the implementation of certain provisions of Revenue Regulations (RR) No. 21-2021, Revenue Memorandum Circular (RMC) Nos. 24-2022 and 49-2022 regarding the updated VAT rules for Registered Business Enterprises (RBEs) under the CREATE Law.

BIR Online Registration and Update System (ORUS) now available in the BIR Website

27 Dec 2022

This Tax Alert is issued to inform all concerned on the availability of the BIR Online Registration and Update System (ORUS) in the BIR Website (www.bir.gov.ph) under the eServices icon or through the link https://orus.bir.gov.ph

BIR audit and field operations suspended from December 16, 2022 to January 8, 2023

27 Dec 2022

This Tax Alert is issued to inform all concerned on the suspension of all field audit and field operations of the Bureau of Internal Revenue (BIR) starting December 16, 2022 until January 8, 2023 relative to examinations and verifications of taxpayers’ books of accounts, records and other transactions.