Tax Alerts
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.
BIR answers questions on VAT zero-rate transactions and VAT Zero-rate incentives
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
BIR reverts Corporate Income Tax, Minimum Corporate tax, and Percentage Tax rates in the Philippines to their original rates
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)
Withholding Taxes: A comprehensive guide to Understanding and Navigating Transactions subjected to Withholding.
10 February 2024
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.
BIR releases new amendments on Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act
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.
Read more
BIR updates requirements on availing Income Tax exemptions of foreign sourced Dividends received by a Foreign Corporation
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.
Read moreMandatory Supporting Documents for VAT
09 September 2023
Mazars highlights the essential mandatory supporting documents for Value Added Tax (VAT) in the Philippines.
BIR’s crackdown on ghost receipts
24 August 2023
The Bureau of Internal Revenue (BIR) continues its crackdown on ghost receipts and their buyers.
BIR amends issuance of Certificates Authorizing Registration regarding the tax-free exchange of properties stated in the Tax Code
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.
BIR adds new BIR forms to their online filing and payment system
06 June 2023
The Bureau of Internal Revenue (BIR) announces four new forms available in their online electronic Filing and Payment System (eFPS).
BIR clarifies the issuance of new TIN cards, CORs and discontinues old TIN cards
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.
