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National Internal Revenue Code of 1997 5th Edition
May 15 marks the last day of the extended enhanced community quarantine (ECQ) for most parts of the country, including the National Capital Region. In spite of the continuing increase in the number of new COVID-19 cases being reported each day, the government has decided to relax restrictions in certain parts of the country in hopes of gradually getting the economy going again after a two-month lockdown.
IN CONSIDERATION of the social and economic burden from community quarantine, the Department of Labor and Employment (Dole) issued Labor Advisory 16 on May 4, 2020 pursuant to section 1 of Presidential Administrative Order 30.
More than 1.5 billion students and young learners globally are affected by school and university closures due to the coronavirus disease 2019 (Covid-19) pandemic. Schools have remained closed for weeks, and no one knows for certain when we will come out of the lockdowns, as the pandemic shows no sign of slowing down anytime soon.
The COVID-19 pandemic is disrupting economies and societies worldwide. We are going through another global recession as business operations stood still for months in most parts of the world. Stock markets are down. Tourism and travel are almost nil. Schools are empty, while hospitals are overcrowded. Medical professionals struggle in saving lives, including their own. Employees are not allowed to go to work and are forced to rely on government subsidies to feed their families.
On April 15, 2020, the Bureau of Internal Revenue (BIR) published Revenue Memorandum Circular (RMC) 43-2020 in line with the extension of the enhanced community quarantine (ECQ) to alleviate concerned taxpayers from filing their tax returns and paying taxes due during the period. Taxpayers now have the option to:
Having studied and practiced management over many years, I seldom come across companies stating that among their key success factors (KSFs) are cleanliness and health and safety practices. At most, these are practiced, but neither expressly recognized nor stated as KSFs (e.g., there are clean rooms in semiconductor manufacturing plants, and there are health and safety standards for food processing).
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 42 – 2020 to inform all concerned on the guidelines in filing and payment of BIR Form Nos. 1700/ 1701/ 1701A/ 1702RT/ 1702EX/ 1702MX, for the taxable year 2019.
Establishments have been looking forward to the lifting of the enhanced community quarantine (ECQ), especially as most economic activity ground to a halt after March 16. For more than six weeks, the COVID-19 pandemic and the resulting ECQ have crippled some businesses and the economy. The most vulnerable have been reduced to relying on emergency relief goods after being denied the opportunity to work. The government’s revenue-collecting agencies have missed their targets for the first quarter of this year, mainly due to the lockdown, which runs until May 15.
