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BIR reminds gov't offices on tax payments

BIR reminds gov't offices on tax payments
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Richardr-oquendo , Bureau-of-internal-revenue , Penal-liability-of-corporation , Internal-revenue , Government-owned , Controlled-corporation , Revenue-regulations , Value-added-tax , Revenue-district-officer , Republic-act , Tax-reform

[Ask the Tax Whiz] Who are required to withhold tax on online transactions?

The Philippine Tax Whiz discusses the recently issued Revenue Memorandum Circular No. 8-2024 which clarifies the imposition of 1% withholding tax on gross remittances made by e-marketplace operators and digital financial services providers to sellers/merchants pursuant to Revenue Regulations No. 16-2023

Washington , United-states , World-bank , District-of-columbia , Bureau-of-internal-revenue , Investment-center , Asian-consulting-group , International-tax , Internal-revenue , Revenue-memorandum-circular , Sworn-declaration

Tax highlights in 2023 | Atty. Mabel L. Buted

Happy Holidays! As the year 2023 is coming to an end, let us take a look back on the significant tax updates for the whole year. On January 1, 2023, individual taxpayers started to enjoy lower tax rates on their income. Those who were previously taxed at 20 percent to…

Philippines , National-investigation-division , Revenue-district-office-or-large-taxpayers , Advocacy-service , Ecozone-logistics-service-enterprises , Collection-division , Assessment-division , Minimum-corporate-income-tax , Estate-tax , Investment-promotion , Income-payment-not-subject

BIR issues regulations on tax compliance requirements of small Agricultural Producers

The Bureau of Internal Revenue (BIR), under the leadership of Commissioner Romeo D. Lumagui, Jr., has issued Revenue Regulations (RR) No. 12-2023 to define the tax compliance requirements of small Agricultural Producers. Per Section 237 of the Tax Code, as amended, all individuals subject to an internal revenue tax are…

Romeod-lumagui-jr , Revenue-district-office , Bureau-of-internal-revenue , Authority-to-print , Internal-revenue , Commissioner-romeo , Revenue-regulations , Tax-code , One-hundred , Doing-business , Agricultural-producers

Small-farmer receipt exemption rules issued - BusinessWorld Online

Small-farmer receipt exemption rules issued - BusinessWorld Online
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Romeod-lumagui-jr , Adrianh-halili , Authority-to-print , Bureau-of-internal-revenue , Revenue-district-office , Internal-revenue , District-office , Income-payment-not-subject , Withholding-tax , Creditable-tax-withheld , Agricultural-food-products

Philippine Center for Investigative Journalism

Philippine Center for Investigative Journalism
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Visayas , Philippines-general- , Philippines , Camp-crame , Quezon-city , Philippine , Benguet , San-juan-city , City-of-san-juan , Serbisyong-totoo-lamang , Joseph-ejercito-estrada , Luzp-delfin

A look back on changes to the Phl individual tax landscape

Unlike the previous year, there was no extension for tax filing for 2020. The government needed funds to sustain its programs and there may have been a conclusion that people have adjusted to the situation.

Philippine , Benguet , Philippines , Theodore-roosevelt , Bureau-of-internal-revenue , Part-two , Revenue-memorandum-order , Philippine-offshore-gaming-operations , Tax-identification-number , Internal-revenue , Package-version , Creditable-tax-withheld