Publication of BIR issuances is an important aspect of the regulatory framework governing taxation. It supports a fair and transparent approach in making the public aware of the new tax rules and regulations.
In a bid to inform the public, particularly taxpayers who have filed One-Time Transaction (ONETT) applications via the eONETT System and intend to manually pay the tax dues thereon to any Authorized Agent Banks (AABs) or Revenue Collection Officers (RCOs), the Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 83-2024 on July 30, 2024.
Pursuant to Revenue Regulation (RR) No. 16-2023, the Bureau of Internal Revenue (BIR) has required electronic marketplace (e-marketplace) operators and digital financial services providers (DFSP) to withhold a 1% withholding tax on 1/2 of their gross remittances to sellers or merchants for goods and services sold through their platforms or facilities.
As part of its efforts to digitalize government processes in line with the Ease of Doing Business and Efficient Government Service Delivery Act, the Securities and Exchange Commission (SEC) is consolidating all of its digital services into a single platform called the Electronic SEC Universal Registration Environment (eSECURE).
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 77-2024, clarifying the taxpayer’s issues regarding invoicing requirements under the Ease of Paying Taxes (EOPT) Act and Revenue Regulations (RR) No. 7-2024, as amended by RR No. 11-2024.
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 67-2024 on June 18, 2024, to align the DST filing and payment process with the existing rules and regulations under Section 5 of Revenue Regulation (RR) 6-2001 and the recently enacted Republic Act No. 11976, also known as the Ease of Paying Taxes (EOPT) Act.
An eCAR is a document issued by the Bureau of Internal Revenue (BIR), confirming tax payments related to property transfers. Previously, under RR No. 3-2019, eCARs were valid for five years from the date of issuance.
When the Republic Act No. 11976, also known as the Ease of Paying Taxes (EOPT) Act, changed the method of recognizing value-added tax (VAT) from a cash basis to an accrual basis, taxpayers may have difficulty when it shoulders the output VAT on receivables that may not be collected.
