Clarification on the Antedating of Deeds of Sale of Real Properties
Tax Notes Clarification on the Antedating of Deeds of Sale of Real Properties
Transactions involving dealings in property often take a period of time to complete. This length of time may stir complications over what date to use in documents or may be used to an advantage. As such, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 64-2024 last May 28, 2024, to provide policies and clarifications on antedating of deeds of sale involving real properties.
2 min read |
BIR Clarifies Issuance of eCAR relative to One-Time Transaction (ONETT)
Tax Notes BIR Clarifies Issuance of eCAR relative to One-Time Transaction (ONETT)
With the passage of the Ease of Paying Taxes Act, taxpayers can now enjoy the “file and pay anywhere” scheme, wherein the filing and payment of internal revenue taxes can now be made to any revenue district offices, authorized agent banks, or authorized tax software provider. However, the same raises certain concerns regarding the processing of electronic Certificate Authorizing Registration (eCAR) relative to One-Time Transaction (ONETT).
3 min read |
Availability of Taxpayer’s Classification in ORUS
Tax Notes Availability of Taxpayer’s Classification in ORUS
The Ease of Paying Taxes (EOPT) Act has brought significant regulatory updates to Philippine taxation. In the previous article, it discussed the new taxpayer’s classifications, such as Micro, Small, Medium, and Large taxpayers, based on their gross annual sales from business.
3 min read |
EOPT is here: Updates on the Preservation of Book of Accounts and Changes in Taxpayer Registration
Tax Notes EOPT is here: Updates on the Preservation of Book of Accounts and Changes in Taxpayer Registration
The Bureau of Internal Revenue (BIR) has released a series of Revenue Regulations (RR) for the implementation of Republic Act No. 11976, otherwise known as the Ease of Paying Taxes (EOPT) Act. This edition of Tax Notes discusses matters relating to the preservation of the Book of Accounts and changes in taxpayer registration, covered under Sections 4 and 5 of RR No. 7-2024.
7 min read |
Recovering overpaid taxes
Let's Talk Tax Recovering overpaid taxes
“Taxes are the lifeblood of any government.” Hence, taxpayers are mandated to remit the taxes due them and not be allowed to evade and escape giving their fair share to the government.
7 min read |
EOPT is here: Revised rules on taxpayer classification and reduced penalties for micro and small taxpayers
Tax Notes EOPT is here: Revised rules on taxpayer classification and reduced penalties for micro and small taxpayers
The Bureau of Internal Revenue (BIR) has released a series of Revenue Regulations (RR) for the implementation of Republic Act No. 11976, otherwise known as the Ease of Paying Taxes Act (EOPT). This edition of Tax Notes discusses matters relating to the classification of taxpayers and the imposition of reduced interest and penalty rates for micro and small taxpayers covered under RR No. 8-2024 and RR No. 6-2024, respectively.
4 min read |
Sheena Daño

Cebu

+63 (32) 231 6090