News and Updates

Wednesday, June 21, 2023 Lumagui: BIR has filed criminal cases vs. Buyers, Corporate Officers, Accounting Firms, and CPAs involved in Fake/Ghost Receipts; 17.9B in Tax Liabilities. Source: BIR Website: https://www.bir.gov.ph/index.php/home.html …

Tuesday, June 20, 2023 Bureau of Internal Revenue (BIR) has recently issued Revenue Memorandum Circular No. 69-2023 which reverts the rates of Percentage Tax, Minimum Corporate Income Tax, and Regular …

Saturday, June 17, 2023 PEZA positive on more investments in Cebu Mactan, Cebu – With the consistent investment performance in Cebu, Philippine Economic Zone Authority (PEZA) Director General Tereso O. …

Friday, June 16, 2023 BIR files criminal charges against erring individualsfor tax evasion and use of fake Certificate Authorizing Registration Source: BIR Website: https://www.bir.gov.ph/index.php/home.html https://www.bir.gov.ph/images/bir_files/internal_communications_1/Advisory/2023/News_Media%20Release/PR44JUN1623.pdf

Tuesday, June 13, 2023 Bureau of Internal Revenue (BIR) has recently issued Revenue Regulations No. 6-2023 which amends certain provisions of RR 13-2010 regarding Late/Out-of-District filing of Tax Returns. Source: BIR …

Tuesday, June 13, 2023 Bureau of Internal Revenue (BIR) has recently issued Revenue Memorandum Circular No. 68-2023 which further clarifies imported goods that will no longer require the issuance of “Authority …

May 16, 2023 New Revenue Issuance Revenue Regulations No. 5-2023 Bureau of Internal Revenue (BIR) recently issued Revenue Regulations No. 5-2023 which amends RR No. 5-2021 on the requirements in availing the Income …

May 11, 2023 Bureau of Internal Revenue Advisory Individual eFPS taxpayers are advised to file their first quarterly ITR for the first quarter of 2023 using the BIR Form No. …

May 9, 2023 SEC ADOPTS ASEAN SUSTAINABLE AND RESPONSIBLE FUND STANDARDS  The Securities and Exchange Commission (SEC) has approved the adoption of the ASEAN Sustainable and Responsible Fund Standards (SRFS), …

May 10, 2023 New Revenue Issuance Revenue Memorandum Circular No. 52-2023 Bureau of Internal Revenue (BIR) has recently issued Revenue Memorandum Circular No. 52-2023 which clarifies the guidelines in the …