Revenue Memorandum Circular No. 31- 2024


This Circular is issued to advisee all employees that the Bureau of Internal Revenue (BIR) Does not require newly-hired employees to verify their Taxpayer Identification Number (TIN) and get a verification slip from the Revenue District Offices (RDOs).  All RDOs shall not accept request for manual TIN Verification or issue TIN Verification slip for employment purposes, except for the following cases:  The online TIN Verification facility is not available or there is a prompt message that the user needs to visit the RDO; or  There is a need for BIR personnel to further verify the correctness of taxpayer has an existing [...]

Revenue Memorandum Circular No. 31- 20242024-02-27T17:26:43+08:00

Revenue Memorandum Circular No. 25-2024


This circular is issued to amend the pertinent provisions of Revenue Memorandum Circular No. 16-2024, more particularly, on the extension of the deadline of submission of Alphabetical List of Employees/ payees from Whom Taxes Were Withheld (Alphalist) for the taxable year 2023. Those taxpayers with their own extract program shall strictly observe the attached revised file structures and standard naming convention. Moreover, in order to provide all concerned taxpayers sufficient time to submit the alphalist for the taxable year 2023, the deadline of submission thereof shall be thirty (30) days from the date of posting of a tax advisory on the [...]

Revenue Memorandum Circular No. 25-20242024-02-19T16:44:05+08:00

Revenue Memorandum Circular No. 13-2024


The table below shows the differences between the recording and treatment of income and expenses relating to employee retirement benefits under the Philippine Financial Reporting Standards (PFRS)/Philippine Accounting Standards (PAS) and the National Internal Revenue Code of 1997, as amended.  Particulars  PFRS  Taxation  RA No. 4917  RA No. 7641  Employee benefit expense  Employee benefit expense comprises of:  Service costs  Net interest costs  Contribution to a tax qualified plan is deductible expense  Actual retirement benefits paid is a deductible expense  Current service cost  Recognized in profit or loss as part of employee benefit expense  Contribution for normal cost is deductible in full [...]

Revenue Memorandum Circular No. 13-20242024-02-12T16:00:17+08:00

BIR Advisory: Annual Registration Fee (ARF)


Effective January 22, 2024, the Bureau of Internal Revenue (BIR) will cease collecting the Annual Registration Fee (ARF) from business taxpayers. This change complies with the Republic Act No. 11976, the “Ease of Paying Taxes Act”. As a result, business taxpayers are exempt from filing BIR Form No. 0605 and paying the Five Hundred Pesos (PHP 500.00) ARF on or before January 31 every year. Business taxpayers with existing BIR Certificate of Registration (COR) that includes the Registration Fee will retain its validity. These taxpayers may choose to update/replace their COR at their convenience. This can be done at the Revenue [...]

BIR Advisory: Annual Registration Fee (ARF)2024-01-09T17:40:11+08:00

Revenue Regulations No. 15-2023


Implements the grant of Donor's Tax exemption on the donation of imported capital equipment, raw materials, spare parts, or accessories directly and exclusively used in the registered project or activity by Registered Business Enterprises (RBEs) of any existing Investment Promotion Agencies (IPAs) under Section 295 (C)(2)(e) of the Tax Code of 1997, as amended. The donation of capital equipment, raw materials, spare parts, or accessories, which were granted tax and customs duty exemption to the Technical Education and Skills Development Authority (TESDA), State Universities, and Colleges (SUCs), or Department of Education (DepEd) and Commission on Higher Education (CHED) - accredited schools [...]

Revenue Regulations No. 15-20232023-12-27T17:41:05+08:00

Revenue Regulations No. 13-2023


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


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. 11-2023


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
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