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

Justice Ministry: US Claims ‘baseless’

The Ministry of Justice on Tuesday reacted to recent “baseless” claims by the US Embassy in Phnom Penh regarding the case of former opposition leader Kem Sokha, urging the embassy to stop spreading misinformation regarding the implementation of the law in Cambodia.

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INDUSTRY UPDATES

Court adjourns Tony Pua's Appeal against Interim Injunction over RUU355 Video Clip

PUTRAJAYA, Feb 20 (Bernama) - The Federal Court today adjourned the appeal hearing by Damansara Member of Parliament Tony Pua Kiam Wee against an interim injunction order over his alleged video clip relating to the tabling of Syariah Courts (Criminal Jurisdiction) (Amendment) Bill 2016 or RUU355.

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INDUSTRY UPDATES

DOJ urged to Act on Murder Raps vs PNP Men in Lawyer's Death

MANILA, Feb 19 (PNA) - A former Cebu City councilor asked the Department of Justice (DOJ) Monday to charge policemen implicated in the killing of his brother, lawyer Noel Archival, five years ago.

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INDUSTRY UPDATES

Laos, Japan celebrate 20 Years of Legal, Judicial Cooperation

The Lao and Japanese governments have highlighted 20 years of achievement in cooperation to strengthen the legal and judicial sectors in Laos, especially with regard to human resource development.

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INDUSTRY UPDATES

Sarawak Lawyers wants Government to set up RCI over Judge Allegations

MIRI, Feb 19 (Bernama) - The Advocates Association of Sarawak (AAS) has proposed to the government to set up a Royal Commission of Inquiry (RCI) over the allegation of judicial interference in the affidavit made by a sitting Court of Appeal judge Datuk Dr Hamid Sultan Abu Backer recently.

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INDUSTRY UPDATES

MACC meets Judge Hamid Sultan over 63-Page Affidavit

PUTRAJAYA, Feb 18 (Bernama) - The Malaysian Anti-Corruption Commission (MACC) today met with Court of Appeal judge Datuk Dr Hamid Sultan Abu Baker over his recent 63-page affidavit, filed last week, on allegations of judicial interference.

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INDUSTRY UPDATES

CBM headed in Right Direction, Bank Development expected: Experts

The Central Bank of Myanmar (CBM) has begun taking the initial steps to stand as an independent body, local financial experts and economists say.

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INDUSTRY UPDATES

Retired SC Justice Azcuna 'Selfless Government Worker': Palace

MANILA, Feb 15 (PNA) - Malacañang wished retired Supreme Court (SC) Associate Justice Adolfo Azcuna the best as he celebrates his 80th birthday on Saturday.

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INDUSTRY UPDATES

Rule of Law followed in Ressa Arrest

MANILA, Feb 15 (PNA) - Malacañang on Friday said the rule of law was followed in the arrest of Rappler chief executive officer Maria Ressa for cyberlibel amid criticisms of suppressing press freedom.

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INDUSTRY UPDATES

Rebuilding ASEAN’s Financial Safety Net

Singapore and Indonesia signed a US$10 billion (K15.23 trillion) bilateral swap agreement last October, allowing the two countries to assist each other during times of financial stress through US dollar loans. The move signalled a willingness by ASEAN countries to play a bigger and more direct role in strengthening the region’s financial stability, but there is still much more to do.

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INDUSTRY UPDATES

Judiciary lodges Police Report over Allegations in Affidavit

PUTRAJAYA, Feb 15 (Bernama) - The Judiciary has lodged a police report over allegations made against unnamed judges and the institution in the affidavit made by a sitting Court of Appeal judge Datuk Dr Hamid Sultan Abu Backer.

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INDUSTRY UPDATES

Blind Woman's Persistence to become Lawyer bears Fruit

KUALA LUMPUR, Feb 15 (Bernama) - ‘Where there’s a will, there’s a way’, this proverb illustrates the determination and diligence of a visually impaired young woman who has achieved her dream of becoming a lawyer.

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INDUSTRY UPDATES

Lawyer urges Government and CJ to address Justice Hamid's Revelations

KUALA LUMPUR, Feb 15 (Bernama) - Lawyer Sangeet Kaur Deo has called on the government and Chief Justice to immediately look into the claims by Court of Appeal judge Datuk Dr Hamid Sultan Abu Backer, contained in his affidavit which revealed misconduct of top judges and judicial interference.

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INDUSTRY UPDATES

Decision on Minimum Wage Increases due in March

BANGKOK, Feb 13 (NNT) - The final decision on Minimum Wage increases will be made in March, with new rates to vary in accordance with economic conditions in each province.

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INDUSTRY UPDATES

No Violation of Ressa's Civil Rights: DOJ

MANILA, Feb 14 (PNA) - Justice Secretary Menardo Guevarra on Thursday assured full protection of the civil rights of online news website Rappler's publisher Maria Ressa, who was arrested on Wednesday in connection with a cyber libel complaint filed against her and the media firm by a private individual.

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INDUSTRY UPDATES

DOTr inks Deal on Common Station Construction

MANILA, Feb 13 (PNA) - The Department of Transportation (DOTr) on Wednesday signed a contract with a private consortium for the construction of Area A of the Unified Grand Central Station (UGCS) or the common station which is located between SM North Edsa and Trinoma in Quezon City.

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INDUSTRY UPDATES

Men too face Sexual Harassment at Workplace

SUNGAI PETANI, Feb 14 (Bernama) - Men too have been recorded as being victims of sexual harassment at the workplace, said Women, Family and Community Development Deputy Minister, Hannah Yeoh.

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INDUSTRY UPDATES

LHDN launches eProcurement System, Suppliers' Portal

CYBERJAYA, Feb 13 (Bernama) - The Inland Revenue Board (LHDN) has launched the eProcurement (eP) system and the Suppliers’ portal as a continuous effort to improve service delivery to suppliers or tenderers dealing with the agency.

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