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BIR Updates

Revenue Regulations No. 14-2023

2023-11-23T16:14:06+08:00

Amends the pertinent provisions of Revenue Regulations (RR) No. 2-98, as amended, by adding items (V) and (W) to impose a Creditable Withholding Tax on certain income payments by joint ventures/consortiums.   The pertinent provisions of Section 2.57.2 of RR No. 2-98, as amended, is hereby further amended to read as follows:  "Sec. 2.57.2. Income Payments Subject to Creditable Withholding Tax and Rates Prescribed Thereon. Except as herein otherwise provided, there shall be withheld a creditable income tax at the rates herein specified for each class of payee from the following items of income payments to persons residing in the Philippines:  [...]

Revenue Regulations No. 14-20232023-11-23T16:14:06+08:00

Revenue Regulations No. 13-2023

2023-11-23T14:21:20+08:00

Prescribes the policies and guidelines for the optional VAT – registration of Registered Business Enterprises (RBE) classified as Domestic Market Enterprise (DME) under the five percent (5%) tax on Gross Income Earned (GIE) in lieu of all taxes regime during the transitory period pursuant to Rule 18, Section 5 of the amended Implementing Rules and Regulations (IRR) of Republic Act No. 11534 (CREATE Act).  An RBE classified as DME, which is located inside the Economic or Freeport Zone, may retain the availment of the 5% GIE incentive during the ten (10) year transitory period under Section 311 (C) of the CREATE [...]

Revenue Regulations No. 13-20232023-11-23T14:21:20+08:00

Revenue Memorandum Circular No. 109-2023

2023-11-06T13:14:54+08:00

This circular is issued to announce the availability of the Taxpayer Registration - Related Applications (TRRA ) Portal on October 16, 2023. The TRRA Portal is an alternative option that can be used by taxpayers to submit registration-related applications thru application. The documentary requirements for the following registration-related transactions can be submitted electronically to the concerned Revenue District Offices (RDOs) via the TRRA Portal:  Application for TIN under E.O 98 and ONETT;  Registration of OFW and Non-Resident Citizens;  Application for Authority to Print;  Updating of Email Address using Application Sheet Form S1905;  Transfer of Registration of Employees and Other Non-Business Taxpayers; [...]

Revenue Memorandum Circular No. 109-20232023-11-06T13:14:54+08:00

Revenue Regulations No. 12-2023

2023-10-11T18:21:55+08:00

In accordance with Section 237 of the Tax Code, as amended, all persons subject to an internal revenue tax shall, at a point of each sale and transfer of merchandise or for services rendered valued at One hundred pesos (P100.00) or more, issue duly registered receipts or sales or commercial invoices. However, the Commissioner of Internal Revenue may, in meritorious cases, exempt any person subject to internal revenue tax from compliance with the issuance of receipts or sales or commercial invoices.  For ease of doing business, the Commissioner, hereby exempts Agricultural Producers from the issuance of principal and supplementary receipts or [...]

Revenue Regulations No. 12-20232023-10-11T18:21:55+08:00

Revenue Regulations No. 11-2023

2023-10-02T21:17:07+08:00

Prescribes the use of electronic mail (e-mail) and electronic signature as additional mode of service of the Warrant of Garnishment (WG) pursuant Section 208 in relation to Section 244 of the National Internal Revenue Code of 1997, as amended.  The following Revenue Officers and employees are mandated to observe and perform the following general policies and guidelines in order to implement service thru e-mail of the WGs as additional mode of service:   The Regional Director concerned, Assistant Commissioner-Collection Services (CS), Assistant Commissioner-Large Taxpayers Service (LTS), and Chief Large Taxpayers District Offices (LTDOs) shall, issue and electronically sign the WGs issued [...]

Revenue Regulations No. 11-20232023-10-02T21:17:07+08:00

Revenue Memorandum Circular No. 94-2023

2023-09-14T14:18:34+08:00

Announcing the availability of Online Customer Satisfaction Survey as an additional functionality and feature of the BIR Online Registration and Update System (ORUS) Starting September 5, 2023.  The Online Customer Satisfaction Survey aims to determine and measure the overall taxpayer satisfaction for each transaction availed using the system/  As mandated under Section 3(b), Rule IV of the Implementing Rules and Regulations of Republic Act No. 11032, otherwise known as “Ease of Doing Business and Efficient Government Service Delivery Act of 2018", client satisfaction feedback shall be gathered for all services offered by the government agency. Relative to this taxpayers using the [...]

Revenue Memorandum Circular No. 94-20232023-09-14T14:18:34+08:00

Revenue Memorandum Circular No. 92-2023

2023-09-13T17:35:46+08:00

Announces the availability of the BIR Form No. 1621 (Quarterly Remittance Return of Tax Withheld on the Amount Withdrawn from Decedent's Deposit Account) in the Electronic Filing and Payment System (eFPS). The aforementioned BIR Form BIR Form is required to be filed and tax due thereon be paid or remitted not later than the last day of the month following the close of the quarter during which withholding was made.  All mandated eFPS taxpayers who are required to file the said return and pay the corresponding tax due thereon, if any, shall use the eFPS facility effective immediately.

Revenue Memorandum Circular No. 92-20232023-09-13T17:35:46+08:00

Revenue Memorandum Circular No. 91-2023

2023-09-13T17:20:53+08:00

All registered export and domestic enterprises that will continue to avail of their existing tax incentives subject to Sections 1,2 and 3 of this Rule, may continue to enjoy the duty exemption, VAT exemption on importation, and VAT zero-rating on local purchases as provided in their respective IPA registrations; Provided, that registered export enterprises as defined under section 293(E) of the Act whose income Tax-Based incentives have expired, may continue to enjoy VAT zero-rating on local purchases until electronic sales reporting system of the bureau of internal revenue under Section 237-A of the Act is fully operational, or until the expiration [...]

Revenue Memorandum Circular No. 91-20232023-09-13T17:20:53+08:00

Revenue Memorandum Circular No. 86-2023

2023-08-22T15:24:35+08:00

Circularizing the List of Qualified Personal Equity and Retirement Account (PERA) Eligible Products Duly Approved by the Securities and Exchange Commission  Under Section 9 of Republic Act No. 9505, otherwise known as the Personal Equity and Retirement Account (PERA) Act of 2008 and its implementing Revenue Regulations (RR) No 17-2011 as amended, all income earned from the investments and reinvestments of the maximum amount allowed by the said Act is tax exempt provided the said PERA investment products have been duly approved by the concerned Regulatory Authority.  Attached are the Lists of PERA Eligible Products duly approved by the Securities and [...]

Revenue Memorandum Circular No. 86-20232023-08-22T15:24:35+08:00

Revenue Memorandum Circular No. 84- 2023

2023-08-22T13:59:47+08:00

The revised BIR Form No. 2200-M is already available for download on the BIR website (www.bir.gov.ph) under the BIR Forms-Excise Tax Return Section. However, the Form is not yet available in the Electronic Filing System (eFPS) and Electronic Bureau of Internal Revenue Forms (eBIRForms). Thus, eFPS/eBIRForms filers shall continue to use the BIR Form No. 2200-M [October 2022 (ENCS)] in the eFPS in Office eBIRForms Package v7.9.4 in filing and paying the Excise Tax due. A separate revenue issuance shall be issued to announce its availability in the eFPS and in the Offline eBIRForms Package.   Manual filers shall download the [...]

Revenue Memorandum Circular No. 84- 20232023-08-22T13:59:47+08:00
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