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Guidelines in filing BIR Form 1702Q January 2018 for taxpayers with fiscal year accounting period eFPS
Tax Notes Guidelines in filing BIR Form 1702Q January 2018 for taxpayers with fiscal year accounting period eFPS
The Bureau of Internal Revenue (BIR) has recently issued Revenue Memorandum 68-2021 to address concerns from the Electronic Filing and Payment System (eFPS) of taxpayers/filers with fiscal year accounting period, citing that they could not proceed with the filing of BIR Form 1702Q (Quarterly Income Tax Return for Corporations, Partnerships, and Other Non-Individual Taxpayers).
1 min read | 09 Jun 2021
BIR clarifies Corporate Income Tax issues under the Create Act
Tax Notes BIR clarifies Corporate Income Tax issues under the Create Act
The Bureau of Internal Revenue (BIR) has addressed the questions and concerns of taxpayers and stakeholders on corporate income taxation in its Revenue Memorandum Circular (RMC) 62-2021 issued on May 17, 2021. The RMC clarifies BIR Revenue Regulations (RR) 5-2021.
4 min read | 03 Jun 2021
RA 115171 shortens process of issuing permits, licenses, certifications
Tax Notes RA 115171 shortens process of issuing permits, licenses, certifications
The Bureau of Internal Revenue has issued Revenue Memorandum Circular (RMC) 63-2021 for the dissemination of the provisions under Republic Act 115171 or “An Act authorizing the President to expedite the processing and issuance of National and Local Permits, Licenses and Certifications in times of National Emergency.”
1 min read | 26 May 2021
SSS clarifies definition of earnings declared for contributions of self-employed members
Tax Notes SSS clarifies definition of earnings declared for contributions of self-employed members
The Social Security System (SSS) has recently issued Circular 2021-005 to clarify the meaning and coverage of earnings declared of self-employed members in accordance with the implementation and intent of Section 19-A of the Social Security Act of 2018, otherwise known as Republic Act 11199.
1 min read | 19 May 2021
How to file online applications for maternity benefits, reimbursements through My.SSS portal
Tax Notes How to file online applications for maternity benefits, reimbursements through My.SSS portal
The Social Security System (SSS) has released Circular 2021-004 in support of the digitalization of SSS benefit processes and in compliance with the zero-contact policy under Republic Act (R.A.) 11032 or the Ease of Doing Business and Efficient Government Service Delivery Act of 2018.
4 min read | 13 May 2021
Clarifications on submission of BIR Form 1709 (RPT Form)
Tax Notes Clarifications on submission of BIR Form 1709 (RPT Form)
In its Revenue Memorandum Circular (RMC) 54-2021 released on April 27, 2021, the Bureau of Internal Revenue (BIR) clarified the rules on the submission of BIR Form 1709 or the Related Party Transactions (RPT) Form pursuant to the provisions of RR 19-2020, as amended by RR 34-2020.
05 May 2021
Revised guidelines on the use of Electronic Audited Financial Statements System
Tax Notes Revised guidelines on the use of Electronic Audited Financial Statements System
On March 31, 2021, the Bureau of Internal Revenue (BIR) issued RMC No. 43-2021 which prescribes the revised guidelines on the use of the eAFS System for the submission of duly filed Income Tax Returns (ITR) and required attachments, including BIR Form 1709.
01 May 2021
Guidelines for filing, payment of annual income tax returns by non-individual taxpayers
Tax Notes Guidelines for filing, payment of annual income tax returns by non-individual taxpayers
On April 5, 2021, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) 50-2021 which outlines the procedures for filing annual income tax returns considering the enactment of Republic Act 11534 or the Corporate Recovery and Tax Incentives for Enterprises (Create) Law. The RMC also announced the availability of the BIR’s Offline eBIRForms Package v7.9 which shall be utilized by users of the Electronic Filing and Payment System (EFPS) and non-EFPS filers.
21 Apr 2021
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