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The Bureau of Internal Revenue (BIR) has issued Revenue Regulation (RR) No. 8-2022 to inform all concerned regarding the implementation of the required issuance of electronic receipts or invoices in lieu of manual receipts or invoices for certain identified taxpayers.
The SSS has issued an updated list of documentary requirements for sickness and disability benefits in support of the digitalization of the SSS benefit process and in compliance with Republic Act No. 11032 or the Ease of Doing Business and Efficient Government Service Delivery Act of 2018.
Taxpayers can take a breather as the country’s tax collection agency has suspended tax audits and other field operations as provided under Revenue Memorandum Circular (RMC) Nos. 76-2022 and 77-2022.
An easier processing of taxpayers’ businesses is now available through the Central Business Portal (CBP). Previously available for corporations and partnerships only, sole proprietors can now experience the smooth online application of businesses as well.
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.
