Tax Alerts
The Bureau of Internal Revenue has issued several regulations and memorandum circulars that will have an impact on taxpayers’ compliance obligations. We have collated the issuances that we find most relevant and applicable.
Cross-border services are not automatically taxable in the Philippines. RMC No. 24-2026 spells out the essential elements before such services could be taxed in the Philippines and the documents taxpayers' need to show if ever they are audited.
Tax assessment update: ongoing field audits and related field operations have been suspended until further notice from the Bureau of Internal Revenue
The legal dispute between the Commissioner of Internal Revenue (CIR) and the Estate of Mr. Charles Marvin Romig centers on the estate tax implications of foreign currency deposit accounts under Philippine law.
RMO No. 07-2025 highlights the amendments that prescribe the Gross Sales Threshold for Cases yet to be investigated by the regional offices in the country.
This regulation operationalizes Republic Act No. 12023, known as the "VAT on Digital Services Act," which amends various sections of the National Internal Revenue Code of 1997 to include digital services within the VAT system.
Written by: Earl Gioseph Enriquez Let’s welcome our New Year with deadlines made easy.
The Bureau of Internal Revenue (BIR) has implemented the CREATE (Corporate Recovery and Tax Incentives for Enterprises) MORE (Maximize Opportunities for Reinvigorating the Economy) Act to enhance the tax incentives in the Philippines and incentivize more corporations to do business in the country.
The Bureau of Internal Revenue (BIR) announces the ninety-day (90-day) transitory period of imposing Withholding Taxes on online sellers in the Philippines.
The Bureau of Internal Revenue (BIR) clarifies the procedures and usage of Foreign Currency transactions for Internal Revenue Tax and Financial reporting in the Philippines – alongside updated policies on Foreign Exchange (Forex) Rates in the Philippines .
The Bureau of Internal Revenue (BIR) gives guidelines on the Revenue District Office (RDO) responsible in the issuance of Electronic Certificate Authorizing Registration (eCAR).
The Bureau of Internal Revenue (BIR) has implemented the revised form on Quarterly Value Added Tax (VAT) Returns and clarified the procedures necessary for filing and paying the form
The Bureau of Internal Revenue (BIR) issued the policies and procedures in the proper manner of filling out the Monthly Documentary Stamp Tax (DST) Return, alongside other tax requirements in the Philippines.
19 June 2024 This list showcases the effectivity dates of the regulations within the Ease of Paying Taxes Act (EOPT) in the Philippines.
19 June 2024 This short guide summarises all the transitory provisions implemented by three regulations introduced by the Ease of Paying Taxes (EOPT) Act as clarified by the Bureau of Internal Revenue (BIR).
The Bureau of Internal Revenue (BIR) releases guidelines and procedures about the exchange for spontaneous taxpayer-specific rulings. Various Ruling types provided potential exchange jurisdictions.
The Ease of Paying Taxes (EOPT) Act or Republic Act 11976 was created to simplify the tax filing for those classified as small or micro taxpayers through the file-and-pay-anywhere system, which allows for most tax procedures to be completed online. Follow the pages below to learn more about its features, transitory provisions, and effectivity dates.
New Invoicing Requirements and Transitory Provisions under the Ease of Paying Taxes (EOPT) Act explained by Forvis Mazars Tax Manager, Carl Franz Dela Riva.
03 May 2024 The Bureau of Internal Revenue (BIR) introduces the implementing rules and regulations for the Ease of Paying Taxes Act (EOPT)
15 April 2024 The Bureau of Internal Revenue (BIR) introduced a new Republic Act (RA) to simplify tax filings for taxpayers in the Philippines through various tax amendments and clarifications.
26 February 2024 The Bureau of Internal Revenue (BIR) sets the updated rules for imposing Withholding Tax for the Gross Remittances of Electronic Marketplace (e-marketplace) operators and digital financial service providers (DFSP) to online sellers/online service providers & merchants in the Philippines.
26 February 2024 The Bureau of Internal Revenue (BIR) has released several amendments to its Audit Program – highlighting new report deadlines and updated tax procedure guidelines.
21 February 2024 For individuals and businesses operating in the Philippines, navigating the tax landscape can be a complex endeavor. One particularly challenging aspect is the potential for double taxation, where the same income is taxed twice – often by different taxing authorities. This can lead to higher tax burdens and reduced profitability.
21 February 2024 The Bureau of Internal Revenue (BIR) has recently released the extended deadline for the submission of the alphalist of employees/payees who have been withheld taxes for the taxable year 2023.
13 February 2024 Congress has proposed heftier tax penalties and clarified its stance on Tax Racketeering in its pending House Bill to help reduce tax evasion in the Philippines.
09 January 2024 The Bureau of Internal Revenue (BIR) clarifies the application of taxes on sale of real property considered as ordinary assets.
20 December 2023 The Bureau of Internal Revenue (BIR) has announced new policies and guidelines regarding the alternative options for Registered Business Enterprises (RBEs) to register as VAT taxpayers in the Philippines.
13 December 2023 This short guide created by Forvis Mazars Philippines explains the Tax-Exempt qualifications in the Philippines.
20 October 2023 The Bureau of Internal Revenue (BIR) clarifies issues relative to the implementation of Revenue Regulations No. 3-2023 and other related concerns on Value-Added Tax (VAT) zero-rate transactions in the Philippines on local purchases of the Registered Export Enterprises (REEs) and other entities granted with VAT zero-rate incentives under special laws and international agreements
20 October 2023 The Bureau of Internal Revenue (BIR) announces reversion of Regular Corporate Income Tax to 10% for proprietary educational institutions and non-profit hospitals, Percentage Tax to 3%, and Minimum Corporate Income Tax to 2%, effective July 1, 2023. (Revenue Memorandum Circular No. 69-2023, issued on June 20, 2023)
10 February 2024 Forvis Mazars' Tax Associate, Mary Ann Dela Cruz, shares this guide on the essential things to know about Withholding Taxes and Transactions subjected to Withholding in the Philippines.
The Bureau of Internal Revenue (BIR) amends Rule 18, Section 5 of the Implementing Rules and Regulations (IRR) to address VAT-related issues and concerns of Registered Business Enterprises (RBEs) registered prior to the CREATE Act.
The Bureau of Internal Revenue (BIR) explains the new requirements needed to avail Income Tax Exemptions of Foreign Sourced Dividends that are received by a Foreign Corporation.
09 September 2023 Forvis Mazars highlights the essential mandatory supporting documents for Value Added Tax (VAT) in the Philippines.
24 August 2023 The Bureau of Internal Revenue (BIR) continues its crackdown on ghost receipts and their buyers.
25 June 2023 The Bureau of Internal Revenue (BIR) has released an amendment regarding the issuance of Certificate Authorizing Registration relative to tax-free exchanges of properties under Section 40(C)(2) of the National Internal Revenue Tax Code of 1997.
06 June 2023 The Bureau of Internal Revenue (BIR) announces four new forms available in their online electronic Filing and Payment System (eFPS).
06 June 2023 The Bureau of Internal Revenue (BIR) shares updated policies and guidelines on the issuance of both old and new Tax Identification Number (TIN) cards.
17 May 2023 The Bureau of Internal Revenue (BIR) implements the optional filing and payment of VAT returns on a monthly basis for the first two months of the quarter.
09 May 2023 The Bureau of Internal Revenue (BIR) adds new amendments to past provisions regarding Value Added Tax (VAT) zero-rated sales/transactions and VAT zero-rating certification.
20 April 2023 Forvis Mazars shares a guide sharing the BIR’s procedure for conducting BIR tax audits in the Philippines.
17 April 2023 Forvis Mazars' Tax Manager, Carl Franz S. Dela Riva, shares the due process requirements in the issuance of a deficiency tax assessment pursuant to C.T.A. EB CASE NO. 2352, RR No. 18-2013, and RR No. 22-2020
29 March 2023 The Bureau of Internal Revenue (BIR) reveals its updated features, functions, and transaction options for its Online Registration and Update System (ORUS). A news article from Mazars trusted Tax consultant firm in the Philippines, that provides tax services in the Philippines.
28 March 2023 The Bureau of Internal Revenue (BIR) highlights the updated ways for taxpayers to file and pay their Annual Income Tax Returns (AITRs) due by April 17, 2023.
15 March 2023 The Bureau of Internal Revenue (BIR) highlights all recently accredited Microfinance Non-Government organizations through their updated list.
14 February 2023 The BIR announces updated templates from FIRB and mandates their use to all IPAs starting March 1, 2023
09 February 2023 The Bureau of Internal Revenue (BIR) promotes the use of its Electronic One-Time Transaction System (eONETT) for real estate sellers.
6 February 2023 The Bureau of Internal Revenue announces new penalties for cooperative members with missing Taxpayer Identification Numbers.
01 February 2023 TRAIN Law increases take-home pay in the new Income Tax Rate Table in the Philippines.
18 January 2023 The Bureau of Internal Revenue announces updated transitory periods for VAT Returns following the amendments from the TRAIN law.
January 12, 2023 The Bureau of Internal Revenue announces new policies for the online registration of Books of Accounts using ORUS and how to use the online generated QR stamps.
04 January 2023 Forvis Mazars shares a list of the most important annual year-end tax compliance deadlines.
03 January 2023 Forvis Mazars provides recent updates and changes to the tax system for 2023.
03 January 2023 The Bureau of Internal Revenue announces a new implementation schedule for their Online Registration and Update System.
21 November 2023 Forvis Mazars shares a short guide to using and acquiring a Tax Declaration in the Philippines.
21 December 2022 Forvis Mazars shares a short guide on defining and claiming a Tax Refund in the Philippines.
19 December 2022 The Bureau of Internal Revenue resumes suspension for all audit and field operations from December 2022 to January 2023
28 November 2022 The Bureau of Internal Revenue removes the suspension for all field operations in a recent announcement
18 November 2022 Philippine president Ferdinand Marcos Jr. announced tax lawyer Romeo Lumagui Jr. as new commissioner of the Bureau of Internal Revenue (BIR).
20 October 2022 Forvis Mazars creates a short guide on the penalties for Tax Mapping Violations.
13 October 2022 Bureau of Internal revenue announces new policies for equity-based compensations and their income tax treatment.
10 October 2022 The Bureau of Internal Revenue (BIR) announces its Digital Transformation Roadmap 2022-2030 to enhance its revenue collections for its digital journey.
4 October 2022 Bureau of Internal Revenue announces new Memorandum Order to replace “Ask for Receipt” notices with “Notice to Issue Receipt/Invoice” and explain its implementation.
The Bureau of Internal Revenue announces a set of missing BIR Forms involving the transfer of Real Properties.
09 September 2022 The BIR releases new guidelines for registering to their new Online Registration and Update System.
09 September 2022 The Bureau of Internal Revenue announces new guidelines on lifting their suspension to field audit.
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