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
As noted in Revenue Memorandum Circular (RMC) No. 146-2022 dated November 10, 2022, the Bureau of Internal Revenue (BIR) has announced the launch of the improved BIR Digital Assistant Chatbot REVIE, which now features TIN Verification/Validation, RDO Finder, and eComplaint Facility.
It is nineteen days before Christmas, twenty-five days before New Year. The holiday season is a time of countdowns. We always look forward to the moment when the clock strikes 12 at midnight. However, for businesses, the countdown never stops on New Year. From there, the 20-day countdown for the deadline of renewal of Local Government Unit (LGU) business registration starts to run. LGU permit renewal is important to kick-start your business year right since without it, your operations may be suspended.
To carry out the mandate of the Bureau of Internal Revenue (BIR) to collect taxes, the suspension of all field operations of the BIR, as ordered in Revenue Memorandum Circular (RMC) No. 77-2022 dated May 30, 2022, has been lifted effective immediately pursuant to RMC No. 148-2022 dated November 21, 2022.
Do what you love, and you will never have to work a day. This quote, earlier attributed to Chinese philosopher Confucius, is inspiring and true.
The Organisation for Economic Co-operation and Development (OECD) Transfer Pricing Guidelines provide five methodologies that are widely used and accepted by almost all tax authorities in determining transfer prices. These include three traditional transaction methods – comparable uncontrolled price (CUP) method, resale price method (RPM), and cost-plus method (CPM); and two transactional profit methods – transactional net margin method (TNMM) and profit split method (PSM).
The COVID-19 pandemic has been called many names. If we are to be straight and definitive about it, most see it as a spread of a viral disease, a contagion that halted our way of life as we knew it before the pandemic struck.
Equity-based compensation is an employee benefit given in the form of stock options, restricted share awards, stock appreciation rights, and restricted stock units, which may or may not pertain to the shares of stocks of the employer-grantor itself. This is commonly used as part of employee-retention programs.
Clearly, working from home (WFH) is here to stay. No other sector is more affected than the Information Technology and Business Process Management (IT-BPM) sector. Hence, when the government announced that their employees must go back to their registered offices, the whole industry was in tumult.
