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 mere plan to hand over one’s resignation letter has become a common joke. Whether one pushes through with plans to quit their jobs or not, there is truth behind such joke. And in today’s business environment plagued by the great war for talent, statements like this are cause for concern not just for people management and Human Resources (HR) leaders, but also for all employees who share the massive responsibility of promoting employee engagement and talent retention within their organizations.
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 3- 2023 to amend Section 2 of RMC No. 19-2019, which provides that all books of accounts shall be registered online through the BIR’s Online Registration and Update System (ORUS) facility. A Quick Response (QR) code will be generated as proof of registration.
With the new year having just arrived, we can look forward to another year of exciting challenges and opportunities. For taxpayers following the calendar year as their tax period, the start of the new year marks the countdown for the April income tax deadline. While this is the most popular deadline for these taxpayers, we should not forget that there is also another BIR requirement that is due in April – the Request for Confirmation (RFC) to avail of tax treaty relief on certain income payments.
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 152-2022 to provide clarifications and guidelines on the implementation of certain provisions in Revenue Regulations (RR) No. 21-2021 and RMC Nos. 24-2022 and 49-2022 regarding the revised value-added tax (VAT) rules for Registered Export Enterprises (REEs) under the CREATE Law.
The Feast of Epiphany and the celebration of the Baptism of the Lord ended the Christmas season last January 8. This day also marked the end of the Bureau of Internal Revenue’s suspension of audit and field operations.
Beginnings are celebrated, and endings are often avoided. But if we really think about it, it is not the end or cessation of one thing that we veer away from, but the fear of the unknown that an ending or the start of something new brings.
With 2022 in our rearview mirrors, let us now face 2023 with full optimism and determination to succeed. To help us realize our aspirations for this new year, let us examine what 2023 has in store for us – taxpayers and tax practitioners alike.
The BIR Online Registration and Update System (ORUS) is already available in the BIR wWebsite (www.bir.gov.ph) under the eServices icon or through the link https://orus.bir.gov.ph is already available.
