Amendments of the Due Process Requirement in the Service and Execution of Summary Remedies
Tax Notes Amendments of the Due Process Requirement in the Service and Execution of Summary Remedies
The Bureau of Internal Revenue (BIR) has issued Revenue Regulation (RR) No. 12-2025, which amends Section 5 of RR No. 3-1969 by including additional provisions related to the service of warrants and notices.
2 min read |
Guidelines for Filing Annual Income Tax Returns for Calendar Year 2024
Tax Notes Guidelines for Filing Annual Income Tax Returns for Calendar Year 2024
As the filing and payment deadline for Annual Income Tax Return (AITR) approaches, the Bureau of Internal Revenue (BIR) reminds taxpayers to comply with the updated filing and payment procedures for the AITR for calendar year 2024. These guidelines, outlined in Revenue Memorandum Circular (RMC) No. 34-2025, aim to streamline the filing process and ensure timely compliance.
4 min read |
Tax Identification Number (TIN) Validation for SEC online systems eSECURE and eFAST
Tax Notes Tax Identification Number (TIN) Validation for SEC online systems eSECURE and eFAST
The Securities and Exchange Commission (SEC) has implemented the Tax Identification Number (TIN) validation for its online services, the Electronic SEC Universal Registration Environment (eSECURE) and the Electronic Filling and Submission Tool (eFAST), beginning March 17, 2025.
2 min read |
CREATE MORE: Treatment of Local Sales of Goods and/or Services by Registered Business Enterprises (RBEs)
Tax Notes CREATE MORE: Treatment of Local Sales of Goods and/or Services by Registered Business Enterprises (RBEs)
Pursuant to the enactment of Republic Act (R.A.) No. 12066, otherwise known as the CREATE MORE (Maximize Opportunities for Reinvigorating the Economy) Act, the Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 9-2025, which specifically applies to the treatment of local sales of goods and/or services by Registered Business Enterprises (RBEs).
6 min read |
CREATE MORE: Mandatory use of Electronic Invoicing and Electronic Sales Reporting with Allowable Deduction
Tax Notes CREATE MORE: Mandatory use of Electronic Invoicing and Electronic Sales Reporting with Allowable Deduction
Pursuant to the enactment of Republic Act (R.A.) No. 12066, otherwise known as the CREATE MORE (Maximize Opportunities for Reinvigorating the Economy) Act, the Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 11-2025 to implement the mandatory issuance of electronic invoices and use of electronic sales reporting to identified taxpayers.
4 min read |
CREATE MORE: Reduced Income Tax Rates for RBEs and Additional Allowable Deductions to Gross Income
Tax Notes CREATE MORE: Reduced Income Tax Rates for RBEs and Additional Allowable Deductions to Gross Income
Pursuant to the enactment of Republic Act (R.A.) No. 12066, otherwise known as the CREATE MORE (Maximize Opportunities for Reinvigorating the Economy) Act, the Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 7-2025 to implement the reduced income tax rates for domestic and resident and resident foreign corporations classified as Registered Business Enterprises (RBEs) under the Enhanced Deduction Regime (EDR) and additional allowable deductions from gross income under Section 34(C)(8) of the Tax Code.
3 min read |