July 2023

Wednesday, July 5, 2023 Percentage Tax Rate, MCIT Rate and Income Tax Rate for Non-Stock and Non-Profit Schools and Hospitals revert back to its ORIGINAL Rates. Source: BIR Website: https://www.bir.gov.ph/index.php/home.html …

Tuesday, July 4, 2023 BIR Makati Region padlocks restaurant and its 4 branches. 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/PR52JUL0423.pdf

Monday, July 3, 2023 BIR reiterates the display of “Notice to Issue Receipt/Invoice” in business establishments. 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/PR50JUL0323.pdf

Monday, July 3, 2023 Lumagui: BIR exempts 59 drugs for Cancer, Hypertension, High Cholesterol, Diabetes, Mental Illness, Tuberculosis, & Kidney Disease from VAT. Source: BIR Website: https://www.bir.gov.ph/index.php/home.html https://www.bir.gov.ph/images/bir_files/internal_communications_1/Media%20release/PR49JUL0323.pdf

Friday, June 23, 2023 Lumagui: BIR cuts in half the requirements for VAT Refund in an effort to promote Ease of Doing Business in the PH. Source: BIR Website: https://www.bir.gov.ph/index.php/home.html …

Friday, June 30, 2023 SEC MC No. 9, series of 2023 further Extension of the Deadline for Amnesty Applications Under SEC MC No. 2, s. of 2023, and Streamlining of …

Tuesday, July 4, 2023 Bureau of Internal Revenue (BIR) has recently issued Revenue Memorandum Order No. 25-2023 which prescribes the policies, guidelines and procedures on the preparation and processing of payroll. …

Wednesday, July 5, 2023 Bureau of Internal Revenue (BIR) has recently issued Revenue Memorandum Circular No. 75-2023 which extends the deadline for the replacement of Ask for Receipt Notice with Notice …

Wednesday, July 5, 2023 Bureau of Internal Revenue (BIR) has recently issued Revenue Memorandum Circular No. 74-2023 which prescribes the Sworn Statement and Sworn Declaration to be submitted relative to …

Saturday, June 29, 2023 Bureau of Internal Revenue (BIR) has recently issued Revenue Memorandum Circular No. 72-2023 publishes the full text of the May 22, 2023 letter from the Food …