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.
DUE to the extension of the enhanced community quarantine (ECQ), the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular 43-2020 to provide relief to taxpayers in filing returns and paying due taxes. Taxpayers during the ECQ may:
ON APRIL 6, 2020, the Bureau of Internal Revenue (BIR) released Revenue Regulations (RR) 9-2020, granting further benefits from donations during the Enhanced Community Quarantine (ECQ) in relation to the National Internal Revenue Code (NIRC) of 1997, as amended. RR 9-2020 provides that donations or gifts made for the sole and exclusive purpose of combating Covid-19 during the state of national emergency shall be exempt from donor’s tax and shall be considered fully deductible against the gross income of the donor-corporation or donor-individual, granted that documentary evidence of such is provided. Such donations are limited to cash donations; donations of all critical or needed health care equipment or supplies; relief goods such as, but not limited to food packs (rice, canned goods, noodles, etc.) and water; and use of property, whether real or personal (shuttle service, use of lots or buildings).
THE Bureau of Internal Revenue (BIR) has issued Revenue Regulations 6-2020, which implements the tax exemption provision in Republic Act (RA) 11469, known as “Bayanihan to Heal as One Act.” Section 2, Paragraph (o) of RA 11469 states that the President has the power to:
THESE Bureau of Internal Revenue (BIR) tax filing/payment and submission guidelines are updated as of April 1, 2020 with the issuance of Revenue Regulations (RR) 7-2020, Revenue Memorandum Circular 34-2020 and Tax Advisory dated March 30, 2020.
THE Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) 30-2020 to further clarify RMC 28-2020 and 29-2020, both of which are on the extension of deadlines for filing and paying income tax and other various returns for 2019.
