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Clarifications on the deadline of submission of attachments to the 2021 Annual Income Tax Return and other matters Tax Notes

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.

1 min read | 18 May 2022
Central business portal for online registration of all types of business now available Tax Notes

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.

3 min read | 11 May 2022
Non-imposition of surcharges on amended tax returns Tax Notes

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.

2 min read | 04 May 2022
Clarifications on the deadline for submission of attachments to the 2021 Annual Income Tax Return and other matters Tax Notes

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.

1 min read | 29 Apr 2022
Clarifications and guidelines in using eAFS system; use of e-signatures on all tax returns, attachments and documents now allowed Tax Notes

The BIR has issued Revenue Memorandum Circular (RMC) No. 40-2022, this RMC is issued to inform all concerned on the clarifications and guidelines in using the electronic Audited Financial Statement (eAFS) System as well as the use of e-signatures on all tax returns, attachments and required documents.

1 min read | 22 Apr 2022
2021 Annual ITR filing and payment guidelines; Out-of-district filing and payment of taxes allowed Tax Notes

The BIR has issued guidelines to all concerned on the rules on the filing and payment of the annual income tax return (ITR) for the calendar year 2021.

2 min read | 19 Apr 2022
Updates on alphanumeric tax codes for capital gains tax transactions under TRAIN and CREATE Laws Tax Notes

The Bureau of Internal Revenue (BIR) has recently published Revenue Memorandum Order (RMO) No. 18-2022 to facilitate the proper identification and monitoring of tax collection on capital gains tax.

Less than a minute | 08 Apr 2022
RBEs under IPAs now required to submit CETI as attachment to AITR Tax Notes

The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 28-2022, requiring all registered business enterprises (RBEs) enjoying both fiscal and non-fiscal incentives granted by Investment Promotion Agencies (IPAs), such as the Philippine Economic Zone Authority (PEZA) and Board of Investments (BOI), to secure a Certificate of Entitlement of Tax Incentives (CETI).

1 min read | 31 Mar 2022
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