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National Internal Revenue Code of 1997 5th Edition
THE Bureau of Internal Revenue (BIR) has issued Revenue Regulations 6-2020, which implements the tax exemption provision in Republic Act (RA) 11469, known as “Bayanihan to Heal as One Act.” Section 2, Paragraph (o) of RA 11469 states that the President has the power to:
Over the past week, I have been calling coworkers for a brief chat. It has almost been five weeks since I last saw anyone from our office. With the current situation that we all face, I wanted to check on our people to see how they are holding up.
THESE Bureau of Internal Revenue (BIR) tax filing/payment and submission guidelines are updated as of April 1, 2020 with the issuance of Revenue Regulations (RR) 7-2020, Revenue Memorandum Circular 34-2020 and Tax Advisory dated March 30, 2020.
The spread of the coronavirus disease 2019 (Covid-19) is both a global humanitarian and economic concern. As the impact of Covid-19 continues to grow worldwide, there are implications for the wider economy, businesses and employment. All industries face significant disruptions to their supply chain, workforce and cash flow. Business leaders now find themselves on the front lines of the pandemic. While there is uncertainty in many aspects of this public health crisis, for businesses it is clear that resiliency, agility, planning, empathy and preparedness are all important factors, today and in the future.
As the number of novel coronavirus disease 2019 (COVID-19) cases rapidly increased over the past few weeks, we have developed an obsession with figures and statistics. How many new cases have been reported in our country? What is the mortality rate? How many have recovered? How can we flatten the infection curve? What are the measures do we need to follow to avoid being infected?
THE Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) 30-2020 to further clarify RMC 28-2020 and 29-2020, both of which are on the extension of deadlines for filing and paying income tax and other various returns for 2019.
As the coronavirus disease 2019 (Covid-19) pandemic continues to worsen, business and government leaders are called upon to establish a systematic response to the public health crisis. The recent Taal volcanic eruption and the current actions of civil society, companies and other organizations to help frontline health workers, security and support personnel show that we can have a united response. These events, however, demonstrate the importance of having and stress-testing the effectiveness of your organization’s business continuity plan (BCP). Do you have one? Is it measuring up against Covid-19?
It has been a week since the government imposed the enhanced community quarantine (ECQ) and stringent social distancing measures on Luzon. This has resulted in the suspension of classes, public transportation, and travel by land, air, and sea. Strict home quarantine is being imposed and public gatherings are prohibited. Most business establishments, except for those that provide basic necessities, such as public markets, supermarkets, hospitals, pharmacies, banks and public utilities (e.g., power, water and telecommunications facilities) companies, remain open. To ensure the continuity of government services, work from home and minimal staffing arrangements are being implemented in the executive branch, except for the PNP, AFP, PCG, and health and emergency frontline services, border control and other critical services.
