Mandatory Registration of Persons Engaged in Online Trade or Business
Tax Notes Mandatory Registration of Persons Engaged in Online Trade or Business
The global economy has undergone a rapid digital transformation, with more transactions shifting the venue from physical stores to online platforms.
3 min read |
Clarifications on the registration procedures under EOPT Act
Tax Notes Clarifications on the registration procedures under EOPT Act
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 91-2024, which aims to provide clarifications and guidelines on the registration procedures in line with Revenue Regulations No. 7-2024 and 11-2024 under the Ease of Paying Taxes (EOPT) Act.
4 min read |
Frequently Asked Questions (FAQs) Relative to the Filing and Payment of Taxes Pursuant to the EOPT Act
Tax Notes Frequently Asked Questions (FAQs) Relative to the Filing and Payment of Taxes Pursuant to the EOPT Act
The Revenue Memorandum Circular (RMC) No. 87-2024 aims to provide clarity on the filing of tax returns and payment of taxes under Section 3 of Revenue Regulations (RR) No. 4-2024, which implements the "Ease of Paying Taxes (EOPT) Act."
3 min read |
Clarification on the Publication of Bureau of Internal Revenue (BIR) Issuances
Tax Notes Clarification on the Publication of Bureau of Internal Revenue (BIR) Issuances
Publication of BIR issuances is an important aspect of the regulatory framework governing taxation. It supports a fair and transparent approach in making the public aware of the new tax rules and regulations.
2 min read |
eONETT Tax Returns and Payments Forms: What You Need to Know
Tax Notes eONETT Tax Returns and Payments Forms: What You Need to Know
In a bid to inform the public, particularly taxpayers who have filed One-Time Transaction (ONETT) applications via the eONETT System and intend to manually pay the tax dues thereon to any Authorized Agent Banks (AABs) or Revenue Collection Officers (RCOs), the Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 83-2024 on July 30, 2024.
2 min read |
BIR extends the deadline for the imposition of withholding tax on payments made by digital financial service providers to online sellers
Tax Notes BIR extends the deadline for the imposition of withholding tax on payments made by digital financial service providers to online sellers
Pursuant to Revenue Regulation (RR) No. 16-2023, the Bureau of Internal Revenue (BIR) has required electronic marketplace (e-marketplace) operators and digital financial services providers (DFSP) to withhold a 1% withholding tax on 1/2 of their gross remittances to sellers or merchants for goods and services sold through their platforms or facilities.
2 min read |