philippines - Tax & Revenue - Notices & Directives

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

Circularizing New and Revised BIR Forms affected by Tax Reform for Acceleration and Inclusion Law

This Circular is to notify the new and revised BIR forms. The Forms are available under the BIR forms-Payment/ Remittance Form section of the BIR website. Revenue Memorandum Circular No. 27-2018
Date: 16 April 2018; Type: Circular; Source: Bureau of Internal Revenue

Revised Guidelines for Registration of Importers and Customs Brokers with the Bureau of Customs

This Order is supplemental to the Customs Memorandum Order No.11-2014, which seeks to revise the guidelines for registration of importers and customs brokers with the Bureau of Customs. Customs Memorandum Order No. 05-2018
Date: 24 April 2018; Type: Circular; Source: Bureau of Customs

INDUSTRY UPDATES

Cabinet acknowledges Progress in Thailand-Myanmar Cooperation in fighting Drug Trade

BANGKOK, Aug 15 (NNT) - The Cabinet has acknowledged progress made in Thailand’s cooperation with Myanmar in tackling drug problems in the border area.

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NLA whip to decide on proposed Amendment of EC Act - VP Surachai

BANGKOK, Aug 15 (NNT) - The National Legislative Assembly whip will be the person responsible for the ultimate decision to proceed with a proposed amendment of the Election Commission Act, says the legislature’s Vice President Surachai Liengboonlertchai.

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INDUSTRY UPDATES

CA confirms Poll Exec, Foreign Service, Military Officers' Appointment

MANILA, Aug 15 (PNA) - Commission on Elections (Comelec) Commissioner Marlon Casquejo and several foreign service and military officers hurdled the Commission on Appointments (CA) on Wednesday.

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INDUSTRY UPDATES

House installs Yap, Pichay as New Deputy Speakers

MANILA, Aug 15 (PNA) - The House of Representatives on Wednesday elected two new deputy speakers following the ascension of Pampanga Rep. Gloria Macapagal-Arroyo to the speakership.

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INDUSTRY UPDATES

Five CJ bets to face JBC Interview Thursday

MANILA, Aug 15 (PNA) - The five candidates for the post of Chief Justice of the Supreme Court (SC) will walk into the line of fire with their Judicial and Bar Council (JBC) interview set on Thursday.

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INDUSTRY UPDATES

IRD to build ICT System enabling Tax Payments

Taxpayers may soon be able to pay their dues to the government via mobile banking, said U Min Htut, director general of the Internal Revenue Department (IRD).

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INDUSTRY UPDATES

Law Enforcement remains weak: Deputy Minister

Laos has enacted over 100 laws since national liberation in 1975, but law enforcement remains weak, a senior official has admitted.

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Exercise of Freedom must be in accordance to Federal Constitution - Eddin Syazlee

JOHOR BAHRU, Aug 14 (Bernama) - The exercise of individual’s right to freedom, be it freedom of religion or speech, must be done in accordance to the provisions in the Federal Constitution, says Deputy Communications and Multimedia Minister Eddin Syazlee Shith.

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INDUSTRY UPDATES

International Malaysia Law Conference 2018

The 4-day International Malaysia Law Conference (“IMLC”) 2018, the flagship biennial event of the Malaysian Bar themed “Raising the Bar: Innovate. Integrate. Emulate.” is underway.

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INDUSTRY UPDATES

IMLC 2018: Change of Government an impetus for strengthening the Rule of Law, says Sultan Nazrin Shah

KUALA LUMPUR, Aug 14 (Bernama) - The recent change of government in Malaysia has given a fresh impetus to strengthen the rule of law in the country, the Sultan of Perak, Sultan Nazrin Shah said today.

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INDUSTRY UPDATES

1Mine urges Government to postpone SST

KUALA LUMPUR, Aug 14 (Bernama) - The government has been urged to postpone implementation of the Sales and Services Tax (SST) come Sept 1 until a directive on the newly passed tax law is clearly outlined.

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INDUSTRY UPDATES

Seizure of Equanimity made according to Legal Procedures - Liew Vui Keong

KUALA LUMPUR, Aug 14 (Bernama) - Minister in the Prime Minister’s Department Datuk Liew Vui Keong told the Dewan Rakat today that the seizure of the superyatch Equanimity was made according to Malaysian procedures and laws.

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INDUSTRY UPDATES

Petronas, Sabah, Negeri Sembilan receive Global Innovation Award

KUALA LUMPUR, Aug 14 (Bernama) - Petroliam Nasional Berhad (Petronas), Sabah Land and Survey Department, and the Negeri Sembilan government have been selected ahead of more than 100,000 companies worldwide to win a global technology award.

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INDUSTRY UPDATES

PH Embassy in Switzerland celebrates ASEAN Day

BERNE, Aug 13 - The Philippine Embassy in Switzerland held a ceremony on 08 August 2018 to commemorate the 51st anniversary of the founding of ASEAN.

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INDUSTRY UPDATES

ASEAN launches Website, Publication of ASEAN Institute for Peace and Reconciliation

JAKARTA, Aug 13 - Association of Southeast Asian Nations (ASEAN) Secretary-General Dato Lim Jock Hoi and Indonesian Foreign Retno Marsudi led the celebration of the 51st anniversary of ASEAN in a ceremony held at the ASEAN Secretariat in Jakarta on 08 August 2018.

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INDUSTRY UPDATES

PH Embassy in Madrid participates in ASEAN Day

MADRID, Aug 13 - The Philippine Embassy in Madrid participated in the annual commemoration of ASEAN Day on 08 August 2018, in a ceremony hosted by Thai Ambassador and current ASEAN Committee in Madrid (ACM) chair Rattikul Chansuriya.

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INDUSTRY UPDATES

DFA lauds Appointment of Career Diplomat as Chief of Presidential Protocol, Foreign Affairs Adviser

Aug 12 - The Department of Foreign Affairs (DFA) today lauded the appointment by President Rodrigo Duterte of a career diplomat as one of the senior officials at the Office of the President and said this move would help advance the country’s foreign policy goals.

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INDUSTRY UPDATES

ASEAN Committee in Rome celebrates ASEAN Day 2018

ROME, Aug 13 - Ambassador to Italy Domingo P. Nolasco joined other Association of Southeast Asian Nations (ASEAN) Ambassadors in Rome in celebrating ASEAN Day, in a ceremony held at the Malaysian Embassy in Rome.

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