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In previous years, we have seen an evolution of the Philippine tax landscape under different administrations. The National internal Revenue Code or the Tax Reform Act of 1997 superseded the 1977 Tax Code. Electronic filings have also been introduced, including the Electronic Filing and Payment System (eFPS), eBIRForms System, and electronic certificate authorizing registration (eCAR), among others. We currently have this thrust on streamlining the processes and requirements of the BIR’s registration processes and other taxpayer transactions with the BIR. There are also significant tax reform laws which have been passed -- the Tax Reform for Acceleration and Inclusion (TRAIN) Law and the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, among others.

What makes a good leader? We may have heard or read about this question at least once, more so now that we have seen and heard from political candidates during their campaigns and rallies before the May 9 national elections. The same inquiry arises at some point for corporate employees. Although it is easy to dismiss it as another question with neither a right nor wrong answer, it is one worth pondering about. After all, being a leader is not just getting the job done; it is far from it. It entails fostering open communication with and a culture of trust among peers and staff, with Gallup reporting that 22% of workers expect to have leaders with clear-cut objectives and visions for the organization. Needless to say, a leader is one who is able to contribute and to make a lasting impact to colleagues and the whole organization.

The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 61-2022, announcing the expansion of the Central Business Portal (CBP) to include the Department of Trade and Industry (DTI) and additional Local Government Units (LGUs) in the online processing of business registration.

Yesterday’s elections was a defining moment for all Filipinos as the electorate cast their votes to elect the next leaders of the country. Sovereignty operated once more as people voted for and elected the government officials and representatives that embody their aspirations and dreams. As representatives of the people, the power and authority of elected officials emanate from the people. Thus, whenever an elected official goes beyond the authority delegated to him, he acts without legitimacy, and such authority may be withdrawn.

The Bureau of Internal Revenue (BIR) recently issued Revenue Memorandum Circular (RMC) No. 43-2022 on April 12, 2022, which prescribes the non-imposition of surcharges on amended tax returns.

Today, digital transformation continues to generate a big fuss among policymakers, government agencies, and sectoral leaders due to its societal impact. As digitalization disrupts society ever more profoundly, concern is growing on how it affects issues such as jobs, wages, inequality, health, resource efficiency and security. Nevertheless, we are all aware that it has a positive effect, especially in this time of pandemic.

The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 46-2022, clarifying that the deadline for submission of attachments to Annual Income Tax Returns is on or before May 31, 2022, whether the electronically filed AITR is an original or an amended return. The submission shall be made manually to the Revenue District Office (RDO) or the Large Taxpayers Division where the taxpayer is registered or electronically through the Electronic Audited Financial Statements (eAFS) System of the BIR.

The continuing saga between the information technology business process management (IT-BPM) sector and the Fiscal Incentives Review Board (FIRB) has perhaps been one of the most debatable concerns between business and government sectors during the pandemic. Here you have a battle of mostly good intentions.