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BUSINESS entities must pay their local business taxes (LBT) with the local government unit (LGU) every year.

UNDER Republic Act 10963 or the Tax Reform for Acceleration and Inclusion (Train) Law, a taxpayer may file an application for value-added tax (VAT) refund when there is excess input VAT within two years after the close of the taxable quarter when such sales were made.

IN RESPONSE to the protection of rights and continuous development of the welfare of occupationally disabled workers, the Social Security System (SSS) issued SSS Circular 2018-023 to inform all employees’ compensation (EC) pensioners of their entitlement to additional benefits

WITH reference to the Tax Reform for Acceleration and Inclusion Act or Train Law, the Bureau of Internal Revenue (BIR) recently issued Revenue Memorandum Circular (RMC) No. 96-2018 on Nov. 29, 2018.

THE Bureau of Internal Revenue (BIR) issued Revenue Memorandum Order (RMO) 48-2018, dated Oct. 24, allowing the use of a tax verification notice (TVN) instead of a letter of authority (LA) to check tax refund claims the BIR considers simple cases that will not require an in-depth audit or investigation.

THE Bureau of Internal Revenue (BIR) released Revenue Memorandum Circular 93-2018 last Oct. 31 announcing the availability of the offline electronic BIR Forms (eBIRForms) Package Version 7.2.

IN RESPONSE to the timely processing of claims to ensure members and beneficiaries receive their benefits and loan proceeds, the Social Security System (SSS) launched the real time processing of contributions program (RTCP), where contributions and loan repayments are posted within 24 hours from the time of payment.

THE Bureau of Internal Revenue (BIR) recently issued Revenue Memorandum Circular (RMC) 85-2018, clarifying the number of electronic certificates authorizing registration (eCARs) to be issued to taxpayers who submitted documents for transfer of real properties with the Land Registration Authority under an extrajudicial settlement.