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BIR Updates

Revenue Memorandum Circular No. 55-2024

2024-04-19T17:23:42+08:00

The provisions of Revenue Memorandum Circular (RMC) No. -2024 allowed the electronic marketplace operators and digital financial services providers a transitory period of ninety (90) days form the date of its issue to comply with the relative policies or requirements of other government agencies, if any, and to give them an opportunity to adjust and properly comply with the provisions of Revenue Regulations (RR) No. 16-2023 prior to the actual imposition of the prescribed withholding tax. In order to provide the said taxpayers a sufficient time to comply and adjust to the requirements of RR No. 16-2023 and other government agencies, [...]

Revenue Memorandum Circular No. 55-20242024-04-19T17:23:42+08:00

Revenue Memorandum Circular No. 54-2024

2024-04-19T16:43:04+08:00

This Circular is hereby issued to inform Microfinance Non-Government Organizations (MF-NGOs), Cooperatives and their clients and members, respectively, that Taxpayer Identification Number (TIN) Issuance for executive Order (E.O.) No. 9 Taxpayers can now be generated through the Bureau's Online Registration and Update System (ORUS). Clients of the MF-NGOs and members of Cooperative can directly apply TIN through ORUS using the E.O. 9 Taxpayers can now be generated through ORUS using the E.O. 98 Functionality following the procedures in the attached ORUS User Guide/Taxpayer Job Aid. This Circular superseded the Policies and Guidelines prescribed under RMC No. 91-2018 with respect to the [...]

Revenue Memorandum Circular No. 54-20242024-04-19T16:43:04+08:00

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
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