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By Arianne Cyril L. Mandac Earlier this month, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 4-2021, which lays down the guidelines for the filing of tax returns and attachments, as well as the payment of the taxes due. The RMC did not, essentially, introduce any changes to the prescribed manner of filing and payment of tax returns, but it is nevertheless important to refresh ourselves on these guidelines to ensure proper compliance and avoid unnecessary pena...

SunStar + December 29, 2020 On Dec. 22, 2020, the Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) 34-2020 to inform all concerned on the streamlined guidelines and procedures in the submission of BIR Form 1709 (Information Return on Related Party Transactions) and its required attachments including transfer pricing documentation (TPD). Submission of BIR Form 1709 Only the following taxpayers will now be required to submit the RPT Form (BIR Form 1709): 1. Large...

Started in the office of chief counsel we had a specific provision that stated without any question do not disclose taxpayer information. its not just the return but the information return. if do you youre subject to indictment and felony prosecution and you can go to jail. its very serious when you distribute. >> bill: and is this a reporter or rachel maddow or other executives on msnbc and they get the information doesnt the first question have to be if they understand the law who gave it out,...