Release No:

1st Quarter 2006

News Archive:

-- Select Tax Window Issue -- Release No.1 : 1st Quarter Release No.2 : 1st Quarter Release No.1 : 2nd Quarter Release No.2 : 2nd Quarter Archive 2005 Archive 2004

Securities Borrowing and Lending

Rules on Securities Borrowing and lending (SEC MEMORANDUM CIRCULAR No 7)

Section 3: Modes of Conducting SBL: Lending Agent; Direct Lending - Securities lending may be conducted by the beneficial owner directly or through a lending agent; Provided that, the parties to a SBL transaction shall comply with the documentation........   

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BIR REVENUE REGULATION  No. 10-2006

Prescribes the guidelines and condition for the tax treatment of securities borrowing and lending transactions involving shares of stocks or securities listed in the Philippine Stock Exchange.  

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VAT REGULATIONS

REVENUE MEMORANDUM CIRCULAR No. 21-2006

 Provides basic questions and answers to clarify issues and guidelines on how to fill-up the September 2005 version of VAT Forms and other related issues.

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REVENUE MEMORANDUM CIRCULAR No. 22-2006

Clarifies certain issues relating to the implementation of the increase in the VAT rate from 10% to 12% on the sale of goods pursuant to RA No. 9337. 

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REVENUE MEMORANDUM CIRCULAR No. 30-2006

Prescribe the submission of a narrative memorandum report to accompany the VAT Credit Evaluation Repor and requires the attachment of a certain documents prior to approval of the Tax Credit Certificate. 

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REVENUE MEMORANDUM CIRCULAR No. 35-2006

 Clarifies the power VAT and EWP Treatment of freight and other incidental charges billed by freight forwarders.

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WITHHOLDING TAXES REGULATIONS

REVENUE MEMORANDUM ORDER  No. 13-2006

Prescribes the policies and procedures in monitoring and Local Government units (LGU's) compliance with the Withholding Tax Rules and regulations.
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REVENUE MEMORANDUM ORDER  No. 15-2006

Prescribes the policies and procedures in implementation of special revalidation covering all outstanding Tax Credit Certificates issued by the BIR and those jointly issued by the One-Stop Shop inter-agency tax credit and duty Drawback Center and the BIR.     

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REVENUE MEMORANDUM CIRCULAR  No.35-2006

Clarifies the proper VAT and EWT treatment of freight and other incidental charges billed by freight forwarders.  

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UPDATED RELIEF VERSION .
ftp://ftp.bir.gov.ph/webadmin1/exe/relief_v2.0.exe

ftp://ftp.bir.gov.ph/webadmin1/zip/job_aid_relief.zip

REVENUE REGULATION No. 2-2006

BANK BULLETIN NO. 2006-03 : All authorized Agent Banks are advised to accept the Summary Alphalist of Withholding Taxes (SAWT) in hard copy or diskette form as attachment to the quarterly/annual income tax returns and/or monthly/quarterly business tax returns with the Certificate of Tax Withheld at Source (BIR Form No.2307/2306/2316) and the monthly Alphalist of Payees (MAP) in hard copy/diskette form as ...........    

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Revenue Regulations No. 3-2006

To download the Alphalist Data Entry & VAlidation Module Version 2.0 (MAP/SAWT) full relase:

ftp://ftp.bir.gov.ph/webadmin1/exe/alphalist2.0full.exe http://www.bir.gov.ph/lumangweb/alphalist2.0full.exe ftp://ftp.bir.gov.ph/webadmin1/zip/1604patch.zip ftp://ftp.bir.gov.ph/webadmin1/zip/jobaid.zip

DOCUMENTARY STAMPS TAX                                                                   

Revenue Memorandum Order No. 16-2006

Creates, modifies and drops certain Alphanumeric Tax Codes of selected revenue source to facilitate the proper identification and monitoring of payments for Documentary Stamp Tax.

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