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Tax in a Dot | Tax News | Transfer Pricing alerts

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2025

Tax in a dot (14 May 2025): Availability of eBIRForms Package version 7.9.5 (Revenue Memorandom Circular No.49 2025)

Tax in a dot (14 May 2025): Clarification on the submission of proof of settlement of estate (Revenue Memorandom Circular No. 40 2025)

Tax in a dot (13 May 2025): Revised regulations on private retirement benefit plan (Revenue Regulations No.15 2025)

Tax in a dot (25 April 2025): Extended registration deadline for non-resident digital service providers (Revenue Regulations No.14 2025)

Tax in a dot (23 April 2025): Revised guidelines on the mandatory requirements for VAT refund claims (Revenue Memorandom Circular No.37 2025, Annex A)

Tax in a dot (23 April 2025): Amendment to VAT zero-rating certifications issued by PEZA (Memorandom Circular No.20 2025)

Tax in a dot (14 April 2025): Guidelines for the filing of AITR for the calendar year ended 31 December 2024 (Revenue Memorandom Circular No. 34 2025, Annex A, Annex B, Annex C)

Tax in a dot (14 April 2025): Applicable taxes due on sale of real properties considered as ordinary assets (Revenue Memorandom Circular No.31 2025)

Tax in a dot (10 April 2025): DTI-EMB certification for VAT zero-rating of export-oriented enterprises (Revenue Memorandom Circular No.32 2025)

Tax in a dot (10 April 2025): Processing time for the issuance of OCS and eCAR (Revenue Memorandom Circular No. 28 2025)

Tax in a dot (21 March 2025): Guidelines on the 2025 filing of AFS and GIS (SEC Memorandom Circular No. 1)

Tax in a dot (5 March 2025): CREATE MORE IRRs of the BIR (Revenue Regulations No. 5 2025, Revenue Regulations No. 6 2025, Revenue Regulations No. 7 2025, Revenue Regulations No. 8 2025, Revenue Regulations No. 9 2025, Revenue Regulations No. 10 2025, Revenue Regulations No. 11 2025)

Tax in a dot (28 February 2025): Availability of the alphalist data entry and validation module version 7.4 (Revenue Memorandum Circular No.15 2025, Annex A, Annex B)

Tax in a dot (28 February 2025): Clarifying issues on requirements for tax credit or refund of excess CWT (Revenue Memorandum Circular No.14 2025, Annex A)

Tax in a dot (25 February 2025): Circularizing the IRR of Title XIII of the Tax Code as amended by the CREATE MORE Act (FIRB Advisory No.1 2025, Rules and Regulations)

Tax in a dot (20 February 2025): Clarification and amendments on existing BIR issuances for EOPT alignment (Revenue Memorandum Circular No.5 2025, Annex A)

Tax in a dot (3 February 2025): Revised threshold on tax-exempt clothing allowance and rules on tax-exemption of employee achievement awards (Revenue Regulations No. 4 2025).

Tax in a dot (22 January 2025): Implementing the VAT on Digital Services Act (Revenue Regulations No. 3 2025).

Tax in a dot (17 January 2025): Guidelines in the issuance of TCFG (Revenue Memorandum Order No. 2 2025).

Tax in a dot (17 January 2025): Amendment of documentary requirements to determine excise tax exemption of purely electric and hybrid vehicles (Revenue Regulations No. 1 2025).

Tax in a dot (17 January 2025): Availability of the BIR Electronic Tax Clearance System (eTCS) for select taxpayer-applicants.

Tax in a dot (8 January 2025): Updated schedule of SSS contributions effective January 2025 (Circular No. 6 2024).

Tax in a dot (8 January 2025): Processing of request for documents from the SEC (Revenue Memorandum Order No. 1 2025).

2024

Tax in a dot (20 December 2024): Year-End Reminders.

Tax in a dot (20 December 2024): Venue for processing eCAR for personal properties (Revenue Memorandum Circular No. 133 2024).

Tax in a dot (20 December 2024): Suspension of audit and field operations (Revenue Memorandum Order No. 51 2024).

Tax in a dot (20 December 2024): Interim IRR on the availment of incentives and transfer of registration under the CREATE MORE Act (FIRB Advisory No. 7 2024).

Tax in a dot (19 December 2024): Income exemption under treaties and international agreements (Revenue Regulations No. 18 2024, Annex A).

Tax in a dot (13 December 2024): Enactment of the VAT refund system for non-resident tourists (Republic Act No. 12079).

Tax in a dot (26 November 2024): Extension of deadlines in RDOs affected by the recent typhoons (Revenue Regulations No. 128 2024).

Tax in a dot (22 November 2024): Clarification on the validity of CTE issued to certain corporations (Revenue Regulations No. 123 2024).

Tax in a dot (29 October 2024): Extension of deadline for taxpayers affected by Typhoon Kristine (Revenue Regulations No. 119 2024).

Tax in a dot (23 October 2024): Circularizing the availability of the revised BIR Form 1900 (Revenue Regulations No. 117 2024, Annex A).

Tax in a dot (23 October 2024): Clarifications on the implementation of risk-based approach on VAT refund claims (Revenue Regulations No. 115 2024).

Tax in a dot (23 October 2024): Availability of update of taxpayer classification and resumption of registration on ORUS (Revenue Regulations No. 113 2024).

Tax in a dot (15 October 2024): Modified ATCs under the CREATE Act (Revenue Regulations No. 40-2024).

Tax in a dot (10 October 2024): Interim guidelines on the submission of employment and compensation data in the ABR (FIRB Advisory No. 006 2024).

Tax in a Dot (03 October 2024): High-risk VAT refund claims (Revenue Regulations No. 42-2024).

Tax in a Dot (26 September 2024): Accepted checks for payment of ONETT-related taxes (Revenue Regulations No. 109-2024).

Tax in a Dot (26 September 2024): Submission of annual reports through the FIRMS for taxable year 2024 (Revenue Regulations No. 42-2024).

Tax in a Dot (17 September 2024): Updated floor price of cigarette, heated tobacco, and vapor products (Revenue Regulations No. 16-2024).

Tax in a Dot (16 September 2024): Implementation of an Enhanced Compliance Incentive Plan (Revenue Regulations No. 13-2024).

Tax in a Dot (09 September 2024): Updated list of VAT-exempt medicines (Revenue Regulations No. 100-2024, Annex A).

Tax in a Dot (06 September 2024): Revised audit threshold in certain Regional Offices (Revenue Regulations No. 36-2024).

Tax in a Dot (06 September 2024): Guidelines in classifying taxpayers (Revenue Regulations No. 37-2024).

2021
 

Tax in a Dot (17 August 2021): Taxation of income received by social media influencers

Tax in a Dot (9 August 2021): Deadline extension for filing documents for ongoing tax audit and filing VAT refund with VCAD due to ECQ and MECQ

Tax in a Dot (9 August 2021): Suspension of the running of statute of limitations during ECQ/MECQ

Tax in a Dot (4 August 2021): 15-day extension for returns and reports due for filing and submission for areas under ECQ and MECQ

Tax in a Dot (28 July 2021): Deferral of RR9-2021

Tax in a Dot (21 July 2021): List of TWAs effective 1 August 2021

Tax in a Dot (8 July 2021): No email confirmation/acknowledgement when using eAFS

Tax in a Dot (8 July 2021): Clarifications on the revised procedures for treaty relief applications

Tax in a Dot (8 July 2021): PEZA advisory on the imposition of 12% VAT pursuant to RR 9-2021

Tax in a Dot (2 July 2021): No more application for VAT zero-rating with the BIR

Tax in a Dot (21 June 2021): Removal of VAT zero-rating on certain export sale transactions

2019
 

Tax in a Dot (10 September 2019): Revised guidelines on compliance with securities deposit of branch offices of foreign corporations

Tax in a Dot (19 August 2019): Zero percent duty on capital equipment, spare parts, and accessories extended anew for three years 

2018

Tax News (July 2018): BIR Issuances

Tax News (June 2018): BIR Issuances, BIR Tax Advisory, and Court of Tax Appeals Decision

Tax in a Dot (17 April 2018): Various BIR Issuances

Tax in a Dot (21 March 2018): Amendments to withholding tax regulations pursuant to TRAIN Law

Tax in a Dot (21 March 2018): Implementing rules and regulations of the TRAIN Law

Tax in a Dot (1 February 2018): Issuance of notice of informal conference in tax assessments

Tax in a Dot (18 January 2018): March 31 deadline to change status to non-VAT taxpayer for purposes of 8% tax

Tax in a Dot (17 January 2018): Implementing rules and regulations on revised excise tax rates

2017
 

Tax in a Dot (5 October 2017): Update on TRAIN-Senate Bill 1592 close to Senate approval

Tax in a Dot (20 January 2017): Revenue Regulations No. 01-2017 - Non-retroactive effect of "deemed denial" rule on VAT claims (Revenue Regulations No. 01-2017).

2016
 

Tax News (April 2016): BIR Issuances - Tax payments through credit cards

Tax in a Dot (28 March 2016): The Bureau of Internal Revenue (BIR) issued guidelines on the acceptance of income tax returns by authorized agent banks (AABs) relative to the 2016 income tax filing period (BIR Bank Bulletin No. 2016-09)

Tax in a Dot (22 March 2016): The BIR has released eBIRForms Package Version 6.0, which introduced modifications to the earlier version (RMC 35-2016)

Tax News (March 2016): BIR Issuances - Guidelines on the issuance of ATRIGs for imported automobiles released from customs custody

Tax in a Dot (22 March 2016): Release of eBIRForms Package version 6.0

Tax in a Dot (7 March 2016): AABs to accept tax returns on March 19 and April 02 and extend their banking hours up to 5 pm from April 1 to 15, 2016 (Bank Bulletin No. 2016-05)

Tax in a Dot (19 February 2016): New RELIEF Data Entry and Validation Module version 2.2 now available

Tax in a Dot (18 February 2016): Decentralized processing and issuance of Certificate of Internal Revenue Tax Payments (Revenue Memorandum Order No. 7-2016)

Tax in a Dot (18 February 2016): Reminder on submission of BIR Form 2316 (Revenue Memorandum Order No. 24-2015).

Tax News (February 2016): BIR Issuances - Tax treatment of NSSLAs - The Bureau of Internal Revenue (BIR) issued the following clarification on the taxability of non-stock savings and loan associations (NSSLAs) for income tax, gross receipts tax (GRT), and documentary stamp tax (DST).

Tax in a Dot (26 January 2016): Simplified processing of compromise settlement and abatement cases (Revenue Memorandum Order No. 4-2016).

Tax News (January 2016): BIR Issuance - Clarification on the VAT exemption of international carriers and sale, importation, or lease of cargo vessels and aircrafts.

2015

Tax in a Dot (14 April 2015): FAQs on filing of ITRs under eFPS/eBIRForms (Revenue Memorandum Circular No. 19-2015)

Tax in a Dot (11 April 2015): Reminders to taxpayers who used Offline eBIRForms Package 4.7.07 (Revenue Memorandum Circular No. 17-2015 and Annex D of RMC 14-2015)

Tax in a Dot (11 April 2015): Deferment of eFiling of “No Payment” ITRs (Revenue Memorandum Circular No. 18 -2015)

Tax in a Dot (11 April 2015): ITR filing guidelines for newly-enrolled eFPS taxpayers with pending AAB registration (Revenue Memorandum Circular No. 18-2015)

Tax in a Dot (8 April 2015): Modes of obtaining the Offline eBIRForms Package (Revenue Memorandum Circular No. 16-2015)

Tax in a Dot (8 April 2015): Deferred eFiling of withholding tax returns (Revenue Memorandum Circular No. 15-2015)

Tax in a Dot (7 April 2015): Guidelines in the filing of ITRs by taxpayers mandated to use eFPS/eBIRForms (Revenue Memorandum Circular No. 14-2015)

Tax News (April 2015): Taxpayers required to file their tax returns using the electronic filing and payment system (eFPS) or electronic Bureau of Internal Revenue (BIR) Forms (eBIRForms) who failed to do so shall be subject to a penalty of P1,000 per return.

Tax in a Dot (1 April 2015): Further deferment of ITR disclosure requirement (Revenue Memorandum Circular No. 13-2015, March 31, 2015)

Tax in a Dot (30 March 2015): Clarification on the filing of no payment returns (Revenue Memorandum Circular No. 12-2015)

Tax in a Dot (16 March 2015): Guidelines for Php82,000 tax-exempt bonuses (Revenue Regulations No. 3-2015)

Tax in a Dot (12 March 2015): Guidelines on acceptance of ITRs by AABs (Bank Bulletin No. 2015-03)

Tax in a Dot (10 March 2015): Revenue Regulations No. 2-2015 was published on March 6, 2015, and it shall become effective after fifteen days from its publication on March 21, 2015. Please see copy of Revenue Regulations 2-2015 for the detailed requirements and procedures:

• Revenue Regulations 2-2015
• Revenue Regulations 2-2015 - Annex A
• Revenue Regulations 2-2015 - Annex B
  
• Revenue Regulations 2-2015 - Annex C

Tax News (6 March 2015): Republic Act No. (RA) 10653 increases the tax-exempt ceiling on 13th month pay and other benefits from P30,000 to P82,000. The P82,000 tax-exempt ceiling covers the 13th month pay and other benefits, such as productivity incentives and Christmas bonus received by employees.

Tax in a Dot (4 March 2015): Under Revenue Regulations (RR) No. 10-2014, the BIR has made it mandatory for taxpayers under the Taxpayer Account Management Program (TAMP) to file their returns and pay taxes through the Electronic Filing and Payment System (eFPS).

Tax in a Dot (12 February 2015): The President signed into law today the legislative measure increasing the tax-exempt ceiling for 13th month pay and other benefits from P30,000 to P82,000.

Tax in a Dot (6 February 2015): The BIR has required authorized agent banks (AABs) to accept tax returns/payments on two (2) Saturdays immediately prior to April 15, 2015, i.e., on March 28, 2015 and April 11, 2015. Banking hours shall also be extended from 3:00 pm to 5:00 pm from April 1 to April 15, 2015 for purposes of accepting tax returns and payments. For your reference and guidance, please see here.

Tax News (5 February 2015): The Bureau of Internal Revenue (BIR) has expanded the list of de minimis benefits that are exempted from income tax on compensation to include benefits under collective bargaining agreements (CBAs) and productivity incentive schemes.

Tax News (6 January 2015): The BIR has made it mandatory for taxpayers under the Taxpayer Account Management Program (TAMP) and accredited importers/customs brokers to file their returns and pay taxes through the Electronic Filing and Payment System (eFPS).

Tax in a Dot (6 January 2015): The BIR has expanded the list of tax-exempt de minimis benefits by including benefits received by employees under collective bargaining agreements (CBAs) and productivity incentive schemes with total value not exceeding P10,000 per employee per taxable year.

2014
 

• Tax in a Dot (12 December 2014): The SEC has issued the schedule of filing of the annual financial statements (AFS) and general information sheet (GIS) in 2015 by companies whose fiscal year ends on December 31, 2014
• Tax in a Dot (11 December 2014): The BIR has further expanded the coverage of taxpayers required to file returns and pay taxes through the Electronic Filing and Payment System (eFPS)
• Revenue Regulations (RR) No. 10-2014 (10 December 2014): Amending Further Section 3 of Revenue Regulations (RR) No. 9-2001, as amended, Expanding the Coverage of Taxpayers Required to File Returns and Pay Taxes through the Electronic Filing and Payment System (eFPS)
• SEC Memorandum Circular No. 23 (9 December 2014): The SEC has issued the schedule of filing of the annual financial statements (AFS) and general information sheet (GIS) in 2015 by companies whose fiscal year ends on December 31, 2014
• Tax News (December 2014): BIR Revenue Memorandum Circular, CTA Decisions, SEC Memorandum Circulars
• Revenue Memorandum Circular (RMC) No. 87-2014 (5 December 2014): The BIR announced the suspension of all audit and field operations this holiday season. The suspension shall commence from December 16, 2014 to January 4, 2015, except in some cases
• Tax in a Dot (30 July 2014): The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 60-2014, dated July 24, 2014, clarifying that the requirement to present tax exemption certificate or ruling pursuant to RMC No. 8-2014 does not apply to General Professional Partnerships (GPP)
• Tax in a Dot (8 July 2014): The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 54-2014 clarifying the issues relative to the Application for Value Added Tax (VAT) Refund/Credit
• Tax in a Dot (24 June 2014): In the Court of Tax Appeals (CTA) decision, Case No. 8382 promulgated last June 3, 2014, the CTA has ruled that condominium dues are not subject to expanded withholding tax (EWT)
• Tax in a Dot (16 April 2014): Due to the volume of taxpayers filing/paying through eFPS on April 15, 2014, the Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 28-2014 to inform taxpayers and all other persons concerned that the penalties attendant to the late filing of returns and payment of the income taxes for the year ended December 31, 2013 and quarter ended March 31, 2014 are waived. The waiver strictly covers eFPS-registered taxpayers and provided that the tax returns are filed on April 16, 2014
• Tax in a Dot (7 April 2014): The Bureau of Internal Revenue (BIR) recently issued Revenue Memorandum Circular (RMC) No. 20-2014 to provide guidelines in the filing, receiving, and processing of taxable year 2013 Income Tax Returns (ITRs) BIR Form Nos. 1700, 1701, 1702-RT, 1702-EX, and 1702-MX
• Tax in a Dot (25 March 2014): In its efforts to enjoin self-employed professionals to comply with the requirements on registration and issuance of official receipts and invoices, the Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 4-2014 providing policies and guidelines for purposes of monitoring the fees charged by the professionals, aid the BIR personnel in conducting tax audit and boost revenue collections in such sectors
• Tax in a Dot (13 February 2014): Revenue Memorandum Circular (RMC) No. 9-2014 dated February 11, 2014 further amends RMC No. 57-2011 entitled “Revised Forms No. 1700, 1701,and 1702”. The Bureau of Internal Revenue (BIR) has again suspended the implementation of the Supplemental Information disclosure requirement for individuals who are obliged to file their income tax returns (BIR Form Nos. 1700 and 1701) on or before April 15, 2014
• Tax in a Dot (6 February 2014): The Bureau of Internal Revenue (BIR) has issued Revenue Regulations (RR) No. 2-2014 dated on January 24, 2014 prescribing the new BIR Forms that will be used for income tax returns (ITRs) filing covering and starting with the taxable year ended December 31, 2013