Stay ahead and check tax and other reportorial deadlines with our comprehensive digital calendar! Gain quick access to key filing dates and deadlines in one convenient platform—helping you stay organised, compliant, and confident throughout the year.
National Internal Revenue Code of 1997 5th Edition
Every year, the January to April period marks the busy season for auditors and accountants alike. This is due to mandatory compliance requirements such as business permit renewal, audit of financial statements, and filing of the annual income tax return (ITR).
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 17-2021 dated Jan. 26, 2021 to inform all concerned taxpayers that the deadline of filing and submission of the following returns and attachments are extended from Jan. 31, 2021 to Feb. 28, 2021:
On Nov. 26, 2020, the Senate approved on third and final reading Senate Bill 1357, otherwise known as the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill, which seeks to reduce the corporate income tax rate and rationalize the current fiscal incentives by making them time-bound, targeted and performance-based. This was done in an attempt to revitalize the slowing economy, as it is predicted that the measure will bring in more foreign investments like never before.
More than three years have passed since Republic Act No. 10963 (the TRAIN Law) or the first package of the government’s comprehensive tax reform program was enacted. Now, the second package of the comprehensive tax reform program is a step closer to becoming law.
Happy New Year! Is it too late to greet everyone a happy and healthy new year? Well, Chinese New Year is just around the corner, so please accept this greeting from me to you.
THE Bureau of Internal Revenue (BIR) has recently issued Revenue Memorandum Circular (RMC) 15-2021 to announce the relaunching of the Central Business Portal (CBP).
The coronavirus pandemic has affected about 4 million out-of-school youth in the current academic year, according to the Department of Education (DepEd). This number is expected to increase, with students unlikely to return to classrooms any time soon and magnified by schools’ apparent lack of readiness to adapt to online and blended learning.
The COVID-19 pandemic has affected the way businesses conduct their day-to-day activities. With the continued threat of the virus and community quarantines in force across the country, most companies have been operating with skeleton workforces, to the extent that often only receptionists and security guards are the only warm bodies present. Such situations could lead to Bureau of Internal Revenue (BIR) notices or letters not being properly served to taxpayers.
