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Small businesses required to file withholding tax forms online


BusinessWorld
August 5, 2021 | 12:31 am
FREEPIK
THE Bureau of Internal Revenue (BIR) is requiring even small businesses to file their withholding tax certificates online amid ongoing lockdown restrictions due to the coronavirus pandemic.
“This is to lessen face-to-face transactions with the office,” BIR Deputy Commissioner Marissa O. Cabreros said via Viber message.
Under Revenue Regulations No. 16-2021 issued on Aug. 3, the requirement to file withholding tax certificates online “shall apply to all taxpayers whether or not registered with the Large Taxpayers Service (LTS) of the BIR.”
Taxpayers are required to scan the original copies of their BIR Forms 2307 and 2316 and store such documents under the submission facilities of the BIR, with the name formats prescribed by the agency. ....

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Press Release - Senator Pia Cayetano hails suspension of BIR regulation on the tax rates of private schools; cites role of private schools as government's partner in educating our youth


Press Release
August 3, 2021
Senator Pia Cayetano hails suspension of BIR regulation on the tax rates of private schools; cites role of private schools as government s partner in educating our youth
Let s help the private schools do their job as the government s partner in educating our children.
Thus said Senate Ways and Means Chair Senator Pia S. Cayetano, as she welcomed the Bureau of Internal Revenue s (BIR) Revenue Regulations No. 14-2021, which suspended the inclusion of for-profit private schools in the regime of regular income tax.
To recall, on June 30, the Senate Committee on Ways and Means already held a hearing on Senate Bill No. 2272 filed by Sen Sonny Angara, amending Section 27(B) of the National Internal Revenue Code (NIRC) on the preferential tax rates of private schools. ....

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Tax Notes: BIR defers VAT treatment on export-oriented enterprises, income tax treatment on proprietary educational institutions

Tax Notes: BIR defers VAT treatment on export-oriented enterprises, income tax treatment on proprietary educational institutions
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