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
“Dad, I’m sad,” said a melancholic voice from the other end of the line. The everyday heavy traffic made it now almost impossible for me to see my little girls during weekdays. Our daily interactions are now heavily dependent on mobile phones. Such a circumstance is oftentimes exacerbated when words such as “Dad, I’m sad” are being substituted for “Hi, Dad” as you start a conversation over the phone.
The Bureau of Internal Revenue (BIR) has signaled that it will conduct transfer pricing audits with the promulgation of its Transfer Pricing Audit Guidelines under Revenue Audit Memorandum Order (RAMO) No. 1-2019. The Transfer Pricing Guidelines were issued in 2013 through Revenue Regulations (RR) No. 2-2013.
The moment we had our third daughter, I was very conscious of the fact that we now have a middle child in the family. At the onset, I really wanted to pay very particular attention to our second one, because I did not want her to ever feel that she is being left out. Over the past few weeks, however, I have been noticing that the situation I have tried to avoid is happening.
THE Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) 09-2019 on Aug. 27, 2019 to amend RR 05-2017 on the tax privileges to persons with disabilities (PWDs) and tax incentives to establishments granting sales discounts to such PWDs.
The Securities and Exchange Commission (SEC)—in agreement to its order to assist in implementing the Anti-Money Laundering Act (AMLA), as amended, and the Terrorist Financing Prevention and Suppression Act (TFPSA)—approved the amended version of SEC Memorandum Circular No. 17 s. 2018 on the Revision of the General Information Sheet (GIS) to include Beneficial Ownership Information.
The Passive Income and Financial Intermediary Taxation Act (PIFITA) or House Bill No. 304 hurdled the scrutiny of the House Ways and Means Committee a few days ago. If passed into law, PIFITA will amend certain provisions of the National Internal Revenue Code of 1997 (Tax Code) on the taxation of passive income and income of financial intermediaries. PIFITA will be the fourth package of the government’s comprehensive tax reform program.
IN ACCORDANCE with Social Security Commission Resolution 549-s 2019, the Social Security System (SSS) issued SSS Circular 2019-12 on Aug. 6, 2019, prescribing the deadlines for remitting contributions applicable for July 2019 onward, shown as follows:
Contestants for Little Miss Philippines on a noontime variety show were often asked the question: “Ano gusto mong maging paglaki mo? (What do you want to be when you grow up?)” The question brims with hope for the future. Today, however, kids have access to much more information; and so, the same question brings with it more than just hope. In a way, it also makes kids worried.
