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Stay ahead and check tax and other reportorial deadlines with our comprehensive digital calendar! Gain quick access to key filing dates and deadlines in one convenient platform—helping you stay organised, compliant, and confident throughout the year.
National Internal Revenue Code of 1997 5th Edition
The Bureau of Internal Revenue (BIR) issued Revenue Regulation (RR) No. 14-2023 on the imposition of creditable withholding taxes on certain income payments by joint ventures or consortiums, amending RR No. 2-98.
“I hope that in this year to come, you make mistakes. Because if you are making mistakes, then you are making new things, trying new things, learning, living, pushing yourself, changing yourself, changing your world. You're doing things you've never done before, and more importantly, you're doing something.” from The Sandman, by Neil Gaiman. I personally agree with the said quote from my favorite book, but when dealing with the Bureau of Internal Revenue (BIR), mistakes in computing your tax dues and filing your returns, are the last thing you want to commit as they are tantamount to deficiency taxes and penalties for the BIR.
With everyone on a high note for the forthcoming Christmas holidays, the Bureau of Internal Revenue (BIR) has decided to give taxpayers an early present by postponing its examination and verification of books of accounts, records, and other transactions from December 16, 2023, to January 7, 2024.
The present global economic landscape continues to pose challenges for mid-market firms in the Philippines with 52% of business leaders identifying economic uncertainty as a significant restraint to business growth according to the latest International Business Report (IBR) conducted by Grant Thornton International.
As part of every taxpayer's annual tax compliance, P&A Grant Thornton would like to remind the deadline to file a request for confirmation (RFC) for the tax treaty rate/exemption.
Since the pandemic, there have been an increasing number of Filipinos using the internet for their shopping needs. Buying and selling online is now becoming a trend in our country. Unfortunately, some people are also taking advantage of this season to boost their sales or income by resorting to false advertising, especially on social media. Hence, consumers should be vigilant when buying online.
As we gear towards year-end, corporations and individuals engaged in business are busy preparing their financial statements and income tax returns to comply with the requirements of the different regulatory agencies such as the Securities and Exchange Commission and the Bureau of Internal Revenue (BIR).
One of the most commonly used phrases in Philippine taxation is that it is the lifeblood of the nation. It is the beating heart wherein the nation funds its projects whose benefits ultimately redound to its constituents.
