Tax Alerts

Latest updates in Philippine Taxation

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.

Guide to Withholding taxes and transactions with Withholding in the Philippines Landing Page Image

Withholding Taxes: A comprehensive guide to Understanding and Navigating Transactions subjected to Withholding.

Mazars shares this guide on the essential things to know about Withholding Taxes and Transactions subjected to Withholding in the Philippines.

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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.

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BIR RMC 91-2023 Landing Page
BIR RR 5-2023 Landing Page

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.

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Mandatory Supporting Documents for VAT

09 September 2023

Mazars highlights the essential mandatory supporting documents for Value Added Tax (VAT) in the Philippines.

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Mandatory Supporting Documents for VAT Landing Page
Due Process of a Tax Deficiency Assessment Landing Page

Due Process Requirement in the Issuance of a Deficiency Tax Assessment

17 April 2023

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

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New features and transactions implemented for BIR’s online registration system

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.

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BIR RMC 36-2023 Landing Page Image
BIR RMC 32-2023 landing page image

BIR announces new guidelines on filing and payment of Annual Income Tax Returns due until April 17, 2023

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.

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BIR announces all accredited Microfinance NGOs in an updated list

15 March 2023

The Bureau of Internal Revenue (BIR) highlights all recently accredited Microfinance Non-Government organizations through their updated list.

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BIR RMC 26-2023 Landing Page
BIR RMC 17-2023 Landing Page image

BIR mandates the use of updated CETI templates given in FIRB advisory

14 February 2023

The BIR announces updated templates from FIRB and mandates their use to all IPAs starting March 1, 2023

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BIR announces online transaction system for easier manual filing

09 February 2023

The Bureau of Internal Revenue (BIR) promotes the use of its Electronic One-Time Transaction System (eONETT) for real estate sellers.

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BIR RMC 10-2023 Landing Page