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National Internal Revenue Code of 1997 5th Edition
The SSS has issued an updated list of documentary requirements for sickness and disability benefits in support of the digitalization of the SSS benefit process and in compliance with Republic Act No. 11032 or the Ease of Doing Business and Efficient Government Service Delivery Act of 2018.
In our present era, the BIR is likewise continuing to go digital to cope with the changing times. For one, at the beginning of this year, the Calendar Year 2022 BIR Priority Programs and Projects included the Digital Economy Policy. Under this project, the BIR intends to align tax rules and regulations to capture the digital economy. Included also in the said priorities of the BIR were the re-architecture and development of the filing system/facility, and the enhancement of the quality of tax administration and the delivery of taxpayer services through a Taxpayer Registration Database Management System, among others.
Taxpayers can take a breather as the country’s tax collection agency has suspended tax audits and other field operations as provided under Revenue Memorandum Circular (RMC) Nos. 76-2022 and 77-2022.
In 2013, Yahoo dealt with what the world now dubs as one of the biggest, if not the most massive, data hacks in history. At that time, the company was in the process of a huge takeover deal with another firm. According to a Reuters article, the breach took place in 2013 but was publicized by Yahoo only in 2016 when the company admitted that accounts of over a billion of its subscribers were compromised. Although the hackers were able to access security questions and answers, the attackers were not able to steal payment card and other bank details of the company’s subscribers.
Due to health concerns posed by the COVID-19 pandemic, schools were prohibited from conducting face-to-face classes and subsequently shifted to other means such as online classes or modular distance learning. Early this year, the Department of Education (DepEd) commenced the progressive expansion phase, where selected public and private schools were allowed to conduct limited face-to-face classes. Considering that the number of recent daily cases significantly decreased compared with those recorded during the previous years, the authorities are now eyeing the resumption of full face-to-face classes for the upcoming School Year 2022-23.
An easier processing of taxpayers’ businesses is now available through the Central Business Portal (CBP). Previously available for corporations and partnerships only, sole proprietors can now experience the smooth online application of businesses as well.