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National Internal Revenue Code of 1997 5th Edition
Since the World Health Organization classified COVID-19 as a pandemic on March 11, “the new normal” became the go-to term for describing the new reality. Throughout history, we survived calamities because of our ability to adapt to changing times. With our mobility limited by social distancing protocols, we see a sudden business shift from physical stores to online platforms. Aspiring entrepreneurs taking advantage of new-normal opportunities might ask, “Can I start a new business during the pandemic?”
THE Bureau of Internal Revenue issued Revenue Memorandum Circular (RMC) 59-2020 on June 9, 2020, informing taxpayers on the receipting/invoicing requirements during the modified enhanced community quarantine (MECQ), general community quarantine (GCQ) and modified GCQ.
Businesses that can effectively anticipate threats and opportunities are likely to be more resilient. They outperform their rivals and especially so during times of extreme turbulence.
The longest busy season for income tax filing has finally come to a close. Amidst the sleepless nights and pandemic-induced stress, tax practitioners, tax authorities, and taxpayers alike can only remind themselves that the dictum “taxes are the lifeblood of the nation” rings ever more true.
There are days, months, or years when it seems things are not going our way. The past two weeks have not been the easiest for me. However, in writing this article today with much more perspective, I have realized that the last couple of weeks were not particularly difficult either. It was all in my head.
Quoting a famous movie line walang personalan, trabaho lang, the new work-from-home reality proved these two concepts as inseparable — that we can cook, play with our kids, or book a Grab meal while working. This shift has strengthened our resiliency as a people and our culture of being a communal society. In our household, we assign tasks among household members: one takes care of marketing within the budget and chores are rotated among family members. In my case, I have never missed our 8:00 dinner — the same time at which our barangay siren sounds to indicate the start of curfew.
THE Bureau of Internal Revenue issued Revenue Memorandum Circular 61-2020 on June 15, 2020, further extending the deadline for availing of tax amnesty on delinquencies under the provisions of Revenue Regulations (RR) 4-2019. RR 4-2019, which implements Title IV of Republic Act 11213 (Tax Amnesty Act) on the tax amnesty on delinquencies, was amended by RR 5-2020 and further amended by RR 11-2020 in light of the global Covid-19 pandemic.
Well settled is the rule that tax exemptions are construed strictissimi juris against the taxpayer and liberally in favor of the government. As a result, exemptions must be shown to exist clearly and categorically, and supported by clear legal provisions. In other words, one who seeks an exemption must justify it by words “too plain to be mistaken and categorical to be misinterpreted.” Thus, the burden of proving that one is tax-exempt rests on the taxpayer.
