The Philippines is transitioning to the implementation of its new Electronic Invoicing System (EIS) with the Bureau of Internal Revenue’s (BIR) pilot implementation of its e-invoicing, e-receipting and e-sales system starting July 2022.
On May 30, 2022, the BIR recently issued RMC Nos. 76 and 77-2022 to inform taxpayers of the suspension of all pending Letters of Authority/Mission Orders as of May 30,2022, as well as audit and other field operations pursuant to, and under authority of, all task forces created thru Revenue Special Orders, Operations Memoranda and other similar orders/directives.
The Regional Tripartite Wages and Productivity Board (RTWPB) NCR and RTWPB Region VI has recently issued Wage Order No. NCR-23 and Wage Order No. RBVI-26, respectively, which grants the minimum wage increase for workers in private establishments in their respective regions.
The Philippine Health Insurance Corporation (PhilHealth) released Advisory No. 2022-0010 last May 11, 2022 to inform the public of the adjusted premium rate for PhilHealth members for CY 2022. Based on Republic Act No. 11223 or the Universal Health Care Act, the premium rates should increase by 0.5 percent annually which started last 2019.
The Commissioner of Internal Revenue has issued Revenue Memorandum Circular (RMC) No. 46-2022, clarifying that the deadline of submission of attachments to the 2021 Annual Income Tax Return (AITR) shall be on or before May 31, 2022, in relation to the provisions stated in RMCs 42-2022 and 44-2022.
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 61-2022, announcing the expansion of the Central Business Portal (CBP) to include the Department of Trade and Industry (DTI) and additional Local Government Units (LGUs) in the online processing of business registration.
The Bureau of Internal Revenue (BIR) recently issued Revenue Memorandum Circular (RMC) No. 43-2022 on April 12, 2022, which prescribes the non-imposition of surcharges on amended tax returns.
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 46-2022, clarifying that the deadline for submission of attachments to Annual Income Tax Returns is on or before May 31, 2022, whether the electronically filed AITR is an original or an amended return. The submission shall be made manually to the Revenue District Office (RDO) or the Large Taxpayers Division where the taxpayer is registered or electronically through the Electronic Audited Financial Statements (eAFS) System of the BIR.
