Relaxed rules in tax filings and payments in areas under Alert Level 3 classification

11 Jan 2022

This Tax Alert is issued to inform all concerned taxpayers on the following relaxed rules on the tax filing and payment for taxpayers in areas covered by Alert Level 3 classification due to COVID-19:

Extended statutory deadlines for areas affected by Typhoon Odette; out-of-district filing and payment allowed

10 Jan 2022

This Tax Alert is issued to inform all concerned on the extended statutory deadlines and out-of-district filing and payment for taxpayers within the jurisdiction of Revenue Regions (RR) and Revenue District Offices (RDO) that were adversely affected by Typhoon Odette.

Republic Act No. 11635: Proprietary educational institutions are subject to 10% preferential income tax rate (1% from July 1, 2020 to June 30, 2023)

10 Jan 2022

This Tax Alert is issued to inform all concerned on the amendment in National Internal Revenue Code relative to the income tax rate applicable to proprietary educational institutions.

Postings of additional securities deposit falling due in 2021 extended until December 23, 2021

16 Dec 2021

This Tax Alert is issued to remind all concerned on the adjusted deadline for posting additional securities deposit and substitution of securities deposit of branch offices to align the same with the extended deadline for the Audited Financial Statements (AFS) pursuant to SEC MC No. 3 s 2021.

Amendments on VAT zero-rated sale of goods and services; VAT zero-rating incentive for registered business enterprises

15 Dec 2021

This Tax Alert is issued to inform all concerned on the amendments on VAT zero-rated sale of goods and services to registered business enterprises pursuant to Republic Act No. 11534, also known as the CREATE Act.