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.
The consequences of Tax Mapping violations
20 October 2022
Mazars creates a short guide on the penalties for Tax Mapping Violations.
BIR gives definitive guidelines for equity-based compensation income tax treatment
13 October 2022
Bureau of Internal revenue announces new policies for equity-based compensations and their income tax treatment.
BIR announces roadmap for “Enhanced Digital Transformation” to revenue collections
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.
BIR replaces “Ask for Receipt” notices for all businesses in newly implemented policies
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.
Notice for a lost set of BIR forms on registration for the transfer of real properties
The Bureau of Internal Revenue announces a set of missing BIR Forms involving the transfer of Real Properties.
Read moreBIR gives updated guidelines for taxpayers’ registration process to their Online Registration and Update System
09 September 2022
The BIR releases new guidelines for registering to their new Online Registration and Update System.
BIR gives updated guidelines on lifting the suspension of field audit and letter/notice operations
09 September 2022
The Bureau of Internal Revenue announces new guidelines on lifting their suspension to field audit.
Simplified guidelines on using ‘Computerized Accounting Systems’ and processing ‘Permit to Use’ applications in 2021
31 August 2022
To use electronic accounting programs, taxpayers need to adhere to certain mandated guidelines and processes.
BIR lifts suspension on mission orders; revenue officers resume conduction of Tax Compliance Verification Drive
22 August 2022
The Bureau of Internal Revenue removes the suspension on mission orders by previous RMC 77-2022; revenue officers can again conduct Tax Compliance Verification Drives.
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.
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