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To have a fair and sustainable pricing mechanism that allows greater access to corporate data, the Securities and Exchange Commission (SEC) issued Memorandum Circular (MC) No. 6, Series of 2025, on 24 June 2025.
Due to the unavailability of the Bureau of Internal Revenue’s (BIR) VAT on Digital Services (VDS) Portal as well as the Online Registration and Update System (ORUS), which remains offline as a result of ongoing system migration activities.
The Bureau of Internal Revenue (BIR) recently circulated the Implementing Rules and Regulations of Republic Act No. 12079, otherwise known as the “An Act Creating a Value Added Tax (VAT) Refund Mechanism for Non-Resident Tourists”, which were signed last March 21, 2024.
In reference to our Tax Notes article published on February 4, 2025, titled “Implementing Rules and Regulations on VAT on Digital Services”, which discussed the imposition of a 12% Value-Added Tax (VAT) on gross sales derived by non-resident digital service providers (NRDSPs) from the supply or delivery of digital services consumed within the Philippines
The Bureau of Internal Revenue (BIR) issued Revenue Regulations No. 15-2025 to highlight the terms and conditions on the taxability of retirement benefits received by employees under a reasonable private retirement plan.
The Bureau of Internal Revenue (BIR) has issued Revenue Regulation (RR) No. 14-2025, amending specific provisions of RR No. 3-2025, particularly regarding the registration deadline for Non-Resident Digital Service Providers (NRDSPs).
Last April 25, 2025, the Bureau of Internal Revenue (BIR) revised the implementing rules and regulations of the law imposing Value-Added Tax (VAT) on Digital Services through Revenue Regulation (RR) 14-2025. To address certain issues in the implementation, the BIR subsequently issued Revenue Memorandum Circular (RMC) 47-2025 last May 8, 2025. This clarifies provisions involving Non-Resident Digital Service Providers (NRDSPs).
Republic Act No. 11956 extended the period of availment of the estate tax amnesty until 14 June 2025. The law also extended the coverage of the amnesty to the estates of decedents who passed away on or before 31 May 2022.
