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.
Adjusted deadlines for taxes due on weekends and holidays
Mazars highlights the tax due dates and the conditions these have when falling on a weekend or holiday.
Read moreKinds of Tax Incentives in the Philippines and how to avail them
Mazars gives a short guide on how a company can become eligible for tax incentives, how to correctly avail them, and how it can attract additional foreign investors to the country.
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INVOICING SYSTEM GOES ELECTRONIC!
by Erickson P. Padilla
26 July 2022
The Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 8-2022, which prescribes the policies and guidelines for using the Electronic Invoicing System (EIS) on June 30, 2022.
BIR provides new guidelines and procedures for exchange in taxpayer-specific rulings
14 June 2022
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.
BIR clarifies the 30-day submission of the electronic letter of authority from the issuance date
13 July 2022
The Bureau of Internal Revenue (BIR) addresses changes to the 30-day submission time from the date of issuance of the electronic Letter of Authority (eLA).
BIR mandates the issuance of electronic receipts or sales/commercial invoices to certain taxpayers
12 July 2022
The Bureau of Internal Revenue (BIR) releases policies and guidelines on the issuance of Electronic Invoicing/Receipting System (EIS) and which taxpayers are obligated to use it.
Five-year validity period for PTUs and receipts/invoices removed by BIR
04 July 2022
The Bureau of Internal Revenue (BIR) announces that Permit to Use (PTU) and system-generated receipts/invoices will be valid unless revoked thanks to the removal of the five-year validity period.
List of withholding agents obligated to remit and deduct CWT released by BIR
29 June 2022
An updated list of withholding agents obligated to remit 1% or 2% of Creditable Working tax was released by the Bureau of Internal Revenue.
The 2022 Strategic Investment Priority Plan (SIPP), economic acceleration activities begin implementation
29 June 2022
The Strategic Investment Priority Plan (SIPP) inside the Memorandum Order (MO) No. 61 has begun implementation, and activities stated to increase economic resiliency, adaptability, and accelerate transformation are now in progress.
Guide to business tax and tax services in the Philippines
28 June 2022
Mazars shares a short guide to business tax and tax services in the Philippines for small to medium business owners.
