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THE Bureau of Internal Revenue recently issued Revenue Regulation 16-2020 on the further extension of due dates for filing of VAT refund claims covering taxable quarters affected by the implementation of the enhanced community quarantine (ECQ) and suspension of the 90-day processing period due to the spread of the pandemic.

REPUBLIC Act (RA) 11032, otherwise known as the Ease of Doing Business and Efficient Government Service Delivery Act of 2018, mandates all offices and agencies providing government services to regularly undergo evaluation and improvement of their transaction systems and procedures and re-engineer the same if deemed necessary in order to mitigate undue regulatory burden and costs to the agencies and the applicants or requesting parties.

THE Bureau of Internal Revenue issued Revenue Memorandum Circular (RMC) 59-2020 on June 9, 2020, informing taxpayers on the receipting/invoicing requirements during the modified enhanced community quarantine (MECQ), general community quarantine (GCQ) and modified GCQ.

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: