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THE Bureau of Internal Revenue issued Revenue Memorandum Circular 61-2020 on June 15, 2020, further extending the deadline for availing of tax amnesty on delinquencies under the provisions of Revenue Regulations (RR) 4-2019. RR 4-2019, which implements Title IV of Republic Act 11213 (Tax Amnesty Act) on the tax amnesty on delinquencies, was amended by RR 5-2020 and further amended by RR 11-2020 in light of the global Covid-19 pandemic.

THE Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) 60-2020 on June 10, 2020 to ensure that all persons doing business and earning income in any manner or form, specifically those who are into digital transactions, are registered based on the provisions of Section 236 of the Tax Code and compliant with current tax laws.

LONG queues to stamp Annual Income Tax Returns (ITRs) and Financial Statements have been common at most Bureau of Internal Revenue (BIR) Revenue District Offices (RDOs), especially on the date of a deadline. Fortunately, this time-consuming practice is expected to finally end as taxpayers are provided with other options for submission.

The Securities and Exchange Commission (SEC) issued Memorandum Circular (MC) No. 18, Series of 2020, to guide corporations in filing their annual audited financial statements (AFS) and general information sheet (GIS).

THE Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) 41-2020 to relax the regulations on expired or expiring principal and supplementary receipts or invoices and authority to print (ATP). ATP applications and the use of expired principal and supplementary receipts or invoices have been extended without penalties, provided that:

IN CONSIDERATION of the social and economic burden from community quarantine, the Department of Labor and Employment (Dole) issued Labor Advisory 16 on May 4, 2020 pursuant to section 1 of Presidential Administrative Order 30.

On April 15, 2020, the Bureau of Internal Revenue (BIR) published Revenue Memorandum Circular (RMC) 43-2020 in line with the extension of the enhanced community quarantine (ECQ) to alleviate concerned taxpayers from filing their tax returns and paying taxes due during the period. Taxpayers now have the option to:

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 42 – 2020 to inform all concerned on the guidelines in filing and payment of BIR Form Nos. 1700/ 1701/ 1701A/ 1702RT/ 1702EX/ 1702MX, for the taxable year 2019.