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Revenue Regulations No. 8-2024

2024-04-18T19:58:36+08:00

The Revenue Regulations implements Section 21(b) of the Tax Code of 1997, as amended by Republic Act No. 11976 (Ease of Paying Taxes Act), on the classification of taxpayers. Taxpayers shall be classified, and be covered by these Regulations, as follows: Micro Taxpayer - shall refer to a taxpayer whose gross sales for a taxable year is less than Three Million Pesos (P3,000,000.00) Small Taxpayer - shall refer to a taxpayer whose gross sales for a taxable year is Three Million Pesos (P3,000,000.00) to less than Twenty Million Pesos (P20,000,000.00). Medium Taxpayer - shall refer to a taxpayer whose gross sales [...]

Revenue Regulations No. 8-20242024-04-18T19:58:36+08:00

Revenue Regulations No. 7-2024

2024-04-18T19:17:24+08:00

This Revenue Regulation implements Section 113, 235, 236,237,238,242,243 of the Tax Code of 1997, as amended by Republic Act (RA) No. 11976 (Ease of Paying Taxes Act), on the registration procedures and invoicing requirements. The following registration procedures and invoicing requirements are specified in the Regulations: A. Invoicing and Accounting Requirements for Value-Added Tax (VAT) Registered Persons under Section 113 of the Tax Code Invoicing Requirements Information Contained in a VAT Invoice Accounting Requirements Consequence of Issuing Erroneous VAT Invoice B. Preservation of Books of Accounts and Other Accounting Records under Section 235 of the Tax Code Preservation Examination and Inspection [...]

Revenue Regulations No. 7-20242024-04-18T19:17:24+08:00

Revenue Regulations No. 6-2024

2024-04-18T14:16:20+08:00

This Revenue Regulation implements Section 4 of Republic Act (RA) No. 11976 (Ease of Paying Taxes Act), on the imposition of reduced interest and penalty rates for micro and small taxpayers. There shall be imposed, in addition to the tax required to be paid, a penalty equivalent to ten percent (10%) of the amount due, in the following cases: A. Failure to file any return and pay the tax due thereon as required under the provisions of the Tax Code or rules and regulations on the date prescribed. Provided that no penalty shall be imposed to an amendment of a tax [...]

Revenue Regulations No. 6-20242024-04-18T14:16:20+08:00

Revenue Regulations No. 5-2024

2024-04-17T17:04:54+08:00

This Revenue Regulation implements Sections 76(C), 112(C), 112(D), 204(C), 229 and 269(J) of the Tax Code of 1997, as amended by Republic Act No. 11976 (Ease of Paying Taxes (EOPT) Act), on tax refunds. The Regulations shall cover tax credit/refund claims that are filed starting July 1, 2024, onwards and implements the following: (A) Section 112(C) of the Tax Code that introduced the risk-based approach to verification of VAT refund claims; (B) Section 112(D) of the Tax Code which clarified the liability of the taxpayer-claimant and the BIR in case of disallowance by the Commission of Audit (COA); (C) Section 76(C) [...]

Revenue Regulations No. 5-20242024-04-17T17:04:54+08:00

Revenue Regulations No. 4-2024

2024-04-17T16:22:46+08:00

This Revenue Regulation implements Sec 22, 34, 51(A) (2)(e), 51(D), 56(A)(1), 58(A), 58(C), 58(E), 77, 81,90,91,103,114,128,200 and 248 of the Tax Code of 1997, as amended by Republic Act No. 11976 (Ease of Paying Taxes [EOPT] Act) on the filing of tax returns and payment of taxes and other matters affecting the declaration of taxable income. The filing of tax returns shall be done electronically - on any of the available electronic platforms. However, in case of unavailability of the electronic platforms, manual filing of tax returns may be allowed. The civil penalty of 25% of the amount due in case [...]

Revenue Regulations No. 4-20242024-04-17T16:22:46+08:00

Revenue Regulations No. 3-2024

2024-04-17T14:03:32+08:00

This Revenue Regulation implements the amendments introduced by RA No. 11976 (Ease of Paying Taxes[EOPT] Act), on the relevant provisions of Title IV - Value-Added tax and Title V - Percentage Tax of the Tax Code of 1997, as amended. Under the Regulations, all references to "gross selling price", "gross value in money", and "gross receipts" shall now be referred to as the "GROSS SALES", regardless of whether the sale is for goods under Section 106, or for services under Section 108 of the Tax Code. The term "Invoice" will also now be used instead of Sales/Commetccial Invoices or Official Receipts. [...]

Revenue Regulations No. 3-20242024-04-17T14:03:32+08:00

Revenue Memorandum Circular No. 52-2024

2024-04-13T14:29:15+08:00

This Circular is being issued to disseminate the availability of the BIR Electronic Tax Clearance System (eTCS) allowing the taxpayer-applicants registered under Revenue Region No. 8A- Makati City being the Pilot Region to use/access it through the Bureau of Internal Revenue (BIR) website under the eServices icon “eTCS”.  In line with the Bureau’s Digital Transformation (DX) Roadmap on elevating taxpayer experience and innovating BIR service processes, eTCS is developed as a web-based system that provides a facility for taxpayer-applicants to conveniently file, pay, and receive Tax Clearance Certificate (TCC).  The TCC types and purposes covered by the eTCS for the pilot [...]

Revenue Memorandum Circular No. 52-20242024-04-13T14:29:15+08:00

Revenue Memorandum Circular No. 51-2024

2024-04-13T13:46:07+08:00

Guidelines in the Filing of Annual Income Tax Returns and Payment of Taxes Due Thereon for Calendar Year 2023  The Guidelines in the filing of the AITR for the Calendar Year 2023 and the Payment of taxes due thereon are as follows:  Filing of Tax Returns  Electronic Filing and Payment System (eFPS) Filers/Users  Taxes mandated to use the eFPS shall file the AITR electronically and pay the taxes due thereon through the eFPS-Authorizes Agent Banks (AABs) where they are enrolled. The AITRs available in the eFPS are BIR Form Nos. 1700, 1707A, 1701, 1702RT and 1702-EX. BIR Form No. 1702-MX is [...]

Revenue Memorandum Circular No. 51-20242024-04-13T13:46:07+08:00

Revenue Memorandum Circular No. 48-2024

2024-04-06T14:10:22+08:00

Accordingly, all concerned taxpayers who shall file the return and pay the DST shall accomplish the new version of BIR Form No. 2000, in accordance with the following policies and procedures under the said methods of collecting the DST:  Electronic Documentary Stamp Tax (eDST) System  Policies  All mandated taxpayer-users of the eDST System are required to use the electronic Filing and Payment System (eFPs) in the filing of the DST declaration/return and payment of the corresponding DST.  The DST declaration/return be accomplished separately for the payment of advance deposits and for the declaration of the total DST due from all taxable [...]

Revenue Memorandum Circular No. 48-20242024-04-06T14:10:22+08:00

Revenue Memorandum Circular No. 39-2024

2024-04-06T15:57:46+08:00

This Circular is issued to announce the availability of BIR Form No. 1701 [Annual Income Tax Return for Individuals (including MIXED Income Earner), Estates and Trust] in the Electronic Filing and Payment System (eFPS). The aforementioned BIR Form shall be filed on or before April 15 of each year covering income for the preceding taxable year.  eFPS users/filers who are mandated and required to file the said return and pay the corresponding tax due thereon, if any, shall use the eFPS Facility effective immediately. Likewise, eFPS users/filers who already filed their BIR Form No. 1701 for the taxable year 2023 using [...]

Revenue Memorandum Circular No. 39-20242024-04-06T15:57:46+08:00
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