philippines - Tax & Revenue - Notices & Directives

Revision of BIR Form No. 1306

This Circular is issued for the information and guidance on the revised format of the BIR Form No. 1306 "Declaration of Forfeiture of Real Property" and "Consolidation of Titles of Absolutely Forfeited Property in Favor of the Republic of the Philippines". Revenue Memorandum Circular No. 70-2018
Date: 31 July 2018; Type: Circular; Source: Bureau of Internal Revenue

New Procedural Code for the shipments of PSC

This Circular is to notify the new procedural code B09-Philippine Sports Commission (PSC) for the shipments of the PSC which will be available upon the issuance of Tax Exempt Division. Customs Memorandum Circular No. 81-2018
Date: 24 April 2018; Type: Circular; Source: Bureau of Customs

Renewing the Travel Tax Exemption Policy to Travellers

This Circular is to notify all Internal Revenue Officials, Employees and others concerned that the Memorandum Order No. 23, informing the renewal of Travel Tax Exemption Policy to Travellers Departing from all International Airports and Seaports in Mindanao and Palawan to any destination in the Brunei Darussalam-Indonesia-Malaysia- Philip ...
Date: 21 May 2018; Type: Circular; Source: Bureau of Internal Revenue

Circularizing the Reportorial Requirements of Revenue Regional Offices to the Internal Affairs Service

This Circular is issued to disseminate the revised formats of the reports required to be submitted to the Internal Affairs Service (IAS) by the concerned offices in the Revenue Regions in order to facilitate the collation for database purposes and integration of the reports in the IAS. Revenue Memorandum Circular No. 47-2018
Date: 05 June 2018; Type: Circular; Source: Bureau of Internal Revenue

Revised Non-Disclosure Agreement Form

This Memorandum Order amends the Non-Disclosure Agreement form prescribed to be used/accomplished by BIR revenue personnel and/or third parties. Revenue Memorandum Order No. 27-2018
Date: 11 May 2018; Type: Circular; Source: Bureau of Internal Revenue

Reiteration of the Guidelines in Registration Updates and Other Tax Compliance Requirements

This Circular is issued to reiterate the guidelines in registration, update and other tax compliance requirements of candidates, political parties/ party list groups and campaign contributors pursuant to Revenue Regulations (RR) No. 8-2009, as amended, RR No. 7-2011 and other related revenue issuances. Revenue Memorandum Circular No. 38-2018
Date: 03 May 2018; Type: Circular; Source: Bureau of Internal Revenue

Amendment of Revenue Memorandum Circular No. 55-2016 to extend the Validity Period of all Certificates of Accreditation

This Memorandum Circular notifies the extended validity period of all Certificates of Accreditation. All valid Certificates of Accreditation issued on or before July 31, 2015 shall be valid until July 31, 2020 and all Certificates of Accreditation issued on August 1, 2015 onwards shall follow the five-year validity period b ...
Date: 07 May 2018; Type: Circular; Source: Bureau of Internal Revenue

Clarification on the Issuance of Taxpayer Identification Number for Corporations

This Memorandum Circular is issued to clarify the policies on the issuance of Taxpayer Identification Number for corporations relative to its corporate term under Section 11 of the Corporation Code of the Philippines. Revenue Memorandum Circular No. 41-2018
Date: 23 May 2018; Type: Circular; Source: Bureau of Internal Revenue

Creation of Fast Lane for all One-Time Transactions involving Simple Transaction

This Memorandum Circular by the Bureau of Internal Revenue directs the One-Time Transaction Team to create a fast lane that will cater to individuals or corporations filing Capital Gains Tax or Donor's Tax Returns with only one Deed of Sale/ Exchange/ Donation involving one to three properties. Revenue Memorandum Circular No. 43-2018
Date: 18 May 2018; Type: Circular; Source: Bureau of Internal Revenue

Guidelines and Instructions for BIR Form No. 1701Q

These guidelines by the Bureau of Internal Revenue is to assist the taxpayers to file their Quarterly Income Tax Returns. The Quarterly Income Tax Return does not have to be accompanied with Account Information Form and/or Financial Statements. 
Date: 26 April 2018; Type: Guideline; Source: Bureau of Internal Revenue

FY 2019 Internal Revenue Allotment and Guidelines on the Preparation of the FY 2019 Annual Budgets of Local Government Units

This Circular is to inform the Local Government Units (LGUs) of their Internal Revenue Allotment shares for FY 2019 based on the certification of the Bureau of Internal Revenue and to prescribe the guidelines on the preparation of the FY 2019 annual budgets of LGUs. Local Budget Memorandum No. 77
Date: 15 May 2018; Type: Circular; Source: Department of Budget and Management

Prescribing Policies, Guidelines and Procedures for Individuals Earning from Self-Employment and/or Practice of Professions

This Order is issued to prescribe policies, guidelines and procedures in availing the eight percent (8%) income tax rate option of individuals earning from self­-employment/ business and/or practice of profession relative to the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Act. Revenue Memorandum Order No. 23-2018
Date: 21 May 2018; Type: Circular; Source: Bureau of Internal Revenue

Revised Guidelines and Procedures in the Conduct of Tax Compliance Verification Drive

Revenue Memorandum Order No. 9-2006 is revised by removing the requirement for the Tax Mapping Team to issue a ‘Reminder Letter' to all business establishments being tax mapped. Revenue Memorandum Order No. 22-2018
Date: 10 April 2018; Type: Circular; Source: Bureau of Internal Revenue

Entry into Force, Effectivity and Applicability of the Philippines-Sri Lanka Double Taxation Agreement

The circular notifies the Convention between the Government of the Republic of the Philippines and the Government of the Democratic Socialist Republic of Sri Lanka for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income has entered into force on 14 March 2018. Revenue Memorandum Circular No. 34 ...
Date: 17 May 2018; Type: Circular; Source: Bureau of Internal Revenue

Entry into Force, Effectivity and Applicability of the renegotiated Philippines-Thailand Double Taxation Convention

The circular notifies the Renegotiated Convention between the Government of the Republic of the Philippines and the Government of the Republic of Thailand for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income has entered into force on '05 March 2018. Revenue Memorandum Circular No. 33-2018
Date: 17 May 2018; Type: Circular; Source: Bureau of Internal Revenue

Exemption from Withholding Tax on Compensation of Public School Teachers and other Persons Serving in the Electoral Board

This resolution ensures that those serving in the Electoral Boards, DESOs and support staff who are exempted from withholding tax on compensation shall be able to execute the prescribed Sworn Declaration, and to submit the same to the Commission on Elections for the processing and refund of the tax previously withheld. Resolution No. 10332
Date: 11 May 2018; Type: Circular; Source: Commission on Elections

Circularizing the Availability of the Newly revised BIR Form No. 1701Q

This Circular is issued to prescribe the newly revised Bureau of Internal Revenue Form, which was revised due to the implementation of the Tax Reform for Acceleration and Inclusion Law. The newly revised return shall be used by the taxpayers in filing and paying the quarterly income tax return starting the first quarter of 2018 through the pre ...
Date: 26 April 2018; Type: Circular; Source: Bureau of Internal Revenue

Over-the-Counter Acceptance of Certain Tax Returns/ Payment of Internal Revenue Taxes due to the Unavailability of the eFPS

This Revenue Memorandum Circular is to notify that the due date for Over-the-Counter Acceptance of Certain Tax Returns/Payment of Internal Revenue Taxes is extended to April 26, 2018 without the corresponding payment of penalties for late filing, due to the unavailability of the Bureau's Electronic Filing and Paym ...
Date: 25 April 2018; Type: Circular; Source: Bureau of Internal Revenue

Amended Documentary Requirements for New Business Registrants

This Circular is to amend Annexes A1 to A3 of Revenue Memorandum Circular No. 93-2016. The documentary requirements of new business registrants were amended pursuant to the Data Privacy Act of 2012 and the Ease of Doing Business (EODB). Revenue Memorandum Circular No. 30-2018
Date: 03 May 2018; Type: Circular; Source: Bureau of Internal Revenue

Prescribing the Revised Policies and Procedures on the Processing of Tax Credit Certificates for Cash Conversion

This Circular prescribes the revised guidelines, policies and procedures in the processing of request for conversion of Tax Credit Certificate into cash refund, to update the functions and responsibilities of offices involved in this process and to provide a better control and monitoring mechanism in the cancellation of TCCs and the release of fund ...
Date: 19 March 2018; Type: Circular; Source: Bureau of Internal Revenue

INDUSTRY UPDATES

Palace suspends Government Work for Holy Week Exodus

MANILA, Apr 17 (PNA) - Malacañang suspended work on Wednesday (April 17), 12 noon onwards, to allow government employees to travel to their respective regions in time for the observance of Maundy Thursday (April 18) and Good Friday (April 19).

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INDUSTRY UPDATES

JBC asks Applicant to comment on Gadon Opposition

MANILA, Apr 16 (PNA) - The Judicial and Bar Council (JBC) has asked an applicant for a vacancy in the Court of Tax Appeals (CTA) to comment on an opposition to her appointment filed last month by senatorial candidate and lawyer, Lorenzo "Larry" Gadon.

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INDUSTRY UPDATES

PCC approves Ayala-PHINMA Energy Deal

MANILA, Apr 15 (PNA) - The Philippine Competition Commission (PCC) has approved the acquisition of the majority stake in PHINMA Energy by Ayala Corporation’s power branch, AC Energy.

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INDUSTRY UPDATES

8,254 Workers Re-employed after getting Assistance from ESO

KUALA LUMPUR, Apr 16 (Bernama) - A total of 8,254 unemployed workers have been re-employed after receiving assistance from the employment service officers (ESOs) since the Re-Employment Placement Programme for Employment Insurance System (EIS) commenced in August 2018.

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INDUSTRY UPDATES

Two Indonesians fined RM100,000 for Possessing Illicit Cigarettes

KLANG, Apr 16 (Bernama) - Two Indonesian retail shop workers were fined RM100,000 by the Magistrate Court here today after pleading guilty to possessing 854 packs of illegal cigarettes of various brands valued at RM1,668.56.

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INDUSTRY UPDATES

"Go to the Mosque, get Closer to God," Judge advises Robber

IPOH, Apr 16 (Bernama) - "Go to the mosque, get closer to God, be a good person and stop taking drugs," Sessions Court judge Azman Abu Hassan told a palm oil fruit collector.

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INDUSTRY UPDATES

Fake News Bill: Law Society refutes Online Flak over Alleged Silence

Law Society president Gregory Vijayendran said that the organization will share their views over the draft Protection from Online Falsehoods and Manipulation Act privately with policymakers, and has refuted online flak about its so-called "deafening silence".

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INDUSTRY UPDATES

SC suspends Work in Courts for Holy Week

MANILA, Apr 15 (PNA) - The Supreme Court (SC) on Monday announced its modified work schedule for the Holy Week, starting with a half-day work on Wednesday.

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INDUSTRY UPDATES

Fourth 'Justice Zone' opens in Pampanga

MANILA, Apr 13 (PNA) - The fourth Justice Zone in the country has been formally opened in Angeles, Pampanga by the Justice Sector Coordinating Council (JSCC).

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INDUSTRY UPDATES

Indonesia Industrial Summit to be held on April 15-16

Jakarta, April 13 (ANTARA) - The Industry Ministry will organize the 2019 Indonesia Industrial Summit (IIS) themed "Implementation of Making Indonesia 4.0 Toward Top Ten Global Economies", in ICE BSD, Tangerang, Banten Province, on April 15 and 16.

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INDUSTRY UPDATES

200 Lawyers gather in Kuala Lumpur for TerraLex

KUALA LUMPUR, Apr 13 (Bernama) - A total of 200 lawyers from 50 countries have gathered here for the TerraLex Global Meeting to discuss a wide variety of legal and economic issues impacting Malaysia.

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INDUSTRY UPDATES

Chief Justice pens Touching Farewell to Colleagues

PUTRAJAYA, Apr 13 (Bernama) - "All I ask from you is to protect the judiciary no matter what others may say," said Tan Sri Richard Malanjum in his farewell message to the judges, officers and employees of the judiciary upon his retirement yesterday.

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INDUSTRY UPDATES

Chief Justice Richard Malanjum retires

PUTRAJAYA, Apr 12 (Bernama) - Chief Justice Tan Sri Richard Malanjum retires today after serving 27 years in the judiciary.

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INDUSTRY UPDATES

SC launches New Public-Friendly Website

BAGUIO CITY, Apr 11 (PNA) - Supreme Court Chief Justice Lucas Bersamin on Thursday launched the High Court's new and improved website, which includes a court locator directory for lower courts and an e-library of the tribunal's decisions and resolutions.

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INDUSTRY UPDATES

Appointment of Suhakam Commissioner for Children to be announced this Month

KUALA LUMPUR, Apr 11 (Bernama) - The Legal Affairs Division in the Prime Minister's Department is expected to announce the appointment of a Suhakam (Human Rights Commission of Malaysia) commissioner for the portfolio of children this month.

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INDUSTRY UPDATES

Proposed Amendment to Constitution not done in haste - Liew

KUALA LUMPUR, Apr 10 (Bernama) - Minister in the Prime Minister's Department Datuk Liew Vui Keong today brushed off claims that the proposed amendment to Article 1(2) of the Federal Constitution was done in haste, saying the MPs from Sabah and Sarawak were given ample time to deliberate the matter.

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INDUSTRY UPDATES

Re-tabling of Amendment Bill depends on Needs - Dr Mahathir

KUALA LUMPUR, Apr 10 (Bernama) - Prime Minister Tun Dr Mahathir Mohamad said re-tabling of the bill to amend the Federal Constitution to give Sabah and Sarawak equal status with Peninsular Malaysia, which failed to get two-thirds majority support in the Dewan Rakyat yesterday, would depend on needs.

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INDUSTRY UPDATES

Hearing of Najib's Appeal to disqualify Gopal Sri Ram as Prosecutor Rescheduled to April 23

PUTRAJAYA, Apr 10 (Bernama) - The Court of Appeal has rescheduled to April 23 to hear Datuk Seri Najib Tun Razak's appeal against a High Court's dismissal of his application to disqualify former Federal Court judge Datuk Seri Gopal Sri Ram from leading the prosecution team in his 1Malaysia Development Bhd (1MDB) cases.

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