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BIR Clarifies Taxability of the Medical Allowance Granted to Qualified Government Civilian Personnel
Tax Notes BIR Clarifies Taxability of the Medical Allowance Granted to Qualified Government Civilian Personnel
To clarify the taxability of the medical allowance granted to qualified government civilian personnel, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 107-2024.
2 min read | 14 Nov 2024
Clarification on risk-based approach in processing VAT refund claims
Tax Notes Clarification on risk-based approach in processing VAT refund claims
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 115-2024 to clarify issues regarding risk-based approach verification and processing of VAT refund claims, pursuant to Section 112(A) of the Tax Code, as amended and as implemented by Revenue Regulations (RR) No. 05-2024, and Revenue Memorandum Order (RMO) No. 23-2024, as amended by RMO No. 42-2024.
3 min read | 07 Nov 2024
Availability of Update of taxpayer Classification and Resumption of Business Registration in ORUS
Tax Notes Availability of Update of taxpayer Classification and Resumption of Business Registration in ORUS
Revenue Memorandum Circular (RMC) No. 113-2024 highlights the availability of the application for update of taxpayer classification through the “Update Information” functionality and the resumption of business registration and other registration-related transactions in the online registration and update system (ORUS) starting October 1, 2024, and October 10, 2024, respectively.
3 min read | 31 Oct 2024
Amendments on High-Risk VAT Refund Claims
Tax Notes Amendments on High-Risk VAT Refund Claims
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Order (RMO) No. 23-2024 to provide guidelines for implementing a risk-based approach in verifying VAT refund claims under Section 112(A) of the National Internal Revenue Code of 1997, as amended by Republic Act No. 11976 – the Ease of Paying Taxes Act.
2 min read | 24 Oct 2024
Clarification on the Types of Checks Accepted for Payment for One-Time Transaction-Related Internal Revenue Taxes
Tax Notes Clarification on the Types of Checks Accepted for Payment for One-Time Transaction-Related Internal Revenue Taxes
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 109-2024, clarifying the types of checks accepted in payment for One-Time Transaction (ONETT)—related internal revenue taxes, pursuant to Revenue Memorandum Order (RMO) No. 49-2018, as amended.
2 min read | 17 Oct 2024
Imposition of 12% VAT on Services by Digital Service Providers
Tax Notes Imposition of 12% VAT on Services by Digital Service Providers
Last October 2, 2024, President Marcos signed into law Republic Act (RA) No. 12023 or the Value Added Tax (VAT) on Digital Services Law which imposes a 12% VAT on digital service providers (DSPs).
5 min read | 09 Oct 2024
EOPT is Here: Guidelines for Classification of Business Taxpayers
Tax Notes EOPT is Here: Guidelines for Classification of Business Taxpayers
In line with the implementing rules of the Ease of Paying Taxes (EOPT) Act intending to streamline the procedure and promote fairness across business sizes, the Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Order No. 37-2020 last September 4, 2024, to publish procedures and guidelines in taxpayer classification.
3 min read | 03 Oct 2024
BIR requires presentation of tax clearance prior to the final settlement of government contracts
Tax Notes BIR requires presentation of tax clearance prior to the final settlement of government contracts
In order to ensure timely and complete tax payments pursuant to Executive Order (EO) No. 398, series of 2005, and Republic Act (RA) No. 9184, also known as the Government Procurement Reform Act, the Bureau of Internal Revenue (BIR) has issued Revenue Regulations (RR) No. 17-2024.
2 min read | 26 Sep 2024
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