May 17, 2023
Bureau of Internal Revenue News
Chief Lumagui: BIR to Allow Monthly Filing &
Payment of VAT
Republic Act No. 10963 or the TRAIN Law removed the monthly filing of Value Added Tax (VAT) returns, “beginning January 1, 2023, the filing and payment required under this subsection shall be done within twenty-five (25) days following the close of each taxable quarter”. However, there are numerous requests coming from taxpayers that they be allowed to file their VAT returns and pay the corresponding tax dues on a monthly basis.
Read full text https://rb.gy/ofemm
Source: BIR Website https://www.bir.gov.ph/index.php/home.html
