IN LINE with Republic Act (RA) 10771, otherwise known as the Philippine Green Jobs Act of 2016, the Bureau of Internal Revenue (BIR) has issued Revenue Regulations (RR) 5-2019 to clarify the coverage and tax perks of taxpayers who provide “green jobs.”
The Bureau of Internal Revenue (BIR) has issued Revenue Regulations (RR) No. 4-2019 last April 5, 2019 to provide guidelines for processing tax amnesty on tax delinquencies.
In accordance with Republic Act No. 11199, or the Social Security Act of 2018, the Social Security System (SSS) issued SSS Circular No. 2019-05 on March 15, 2019, prescribing the new contribution table that is effective in April 2019, as illustrated below.
TO MAKE doing business in the Philippines easier, the Bureau of Internal Revenue (BIR) recently issued Revenue Memorandum Circular (RMC) 28-2019, allowing the use of BIR-printed receipts/invoices (BPRs/BPIs).
On February 18, 2019, Republic Act (RA) No. 11199, also known as the “Social Security Act of 2018,” was signed into law. The salient provisions of RA No. 11199 include the rates and contributions, as well as the minimum and maximum monthly salary credits, in accordance with the following schedule:
The Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 22-2018 to further supplement RR No. 11-2018 on the changes to the withholding tax rates of the following transactions:
IN IMPLEMENTING the changes to income taxation for individuals under the Tax Reform for Acceleration and Inclusion (Train) Law, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular 17-2019, requiring individual taxpayers to use the latest version of BIR Form 1701A, or the annual income tax return for individuals earning purely from business or profession, in filing their annual income tax return and paying their income tax dues for calendar year 2018 on or before April 15, 2019.
The Bureau of Internal Revenue (BIR) recently issued Revenue Memorandum Order (RMO) No. 06-2019 to provide guidelines, policies, and procedures for renewing the accreditation of printers of principal/ supplementary receipts/invoices.
