Revised Private Retirement Benefit Plan Regulations Section 1 – The National Internal Revenue Code of 1997, as amanded (“Tax Code”) and Republic Act (“RA”) No. 4917, as implemented by Revenue Regulations (“RR”) No. 1-1983 and RR No. 11 – 2001; and clarified by Revenue Memorandum Circular (“RMC”) No. 10-1983, prescribes the terms and conditions under which qualified employee private retirement plan may avail of the tax exemption privileges. Section 2 – Scope – Pursuant to the provisions of Sections 224 and 245 of the Tax Code, these Regulations are hereby promulgated to revise policies and guidelines on the taxability of retirement benefits received by employees under a reasonable private retirement benefit plan. These Regulations shall be known as the “Revised Private Retirement Benefit Plan Regulations. For purposes of these Regulations, the term “reasonable private retirement benefit plan” means a plan maintained by an employer for the benefit of some or
Amending Section 14 of the Revenue Regulations No. 3-2025 on the Prescribed Policies and Guidelines for the Implementation of Republic Act No. 12023, entitled “An Act Amending Sections 105,108, 109, 110, 113, 114, 115, 128, 236 and 288 and Adding New Sections 108-A and 108-B of the National Internal Revenue Code of 1997, as Amended, “Imposing the Value Added Tax on Digital Services” Section 1. Scope – Pursuant to Sections 244 and 245 of the National Internal Revenue Code of 1997, as amended (Tax Code), these Regulations are hereby promulagated to amend portions of Revenue Regulations (RR) No. 3 – 2025 pertaining to Section 14 particularly of Transitory Provision on the deadline of Registration of Non-Resident Digital Services. Section 2. Amendment – Section 14 of RR No. 3 – 2025 is hereby amended to read as follows: Section 3. Repealing Clause – Any rules and regulations, issuances or parts thereof
This Circular is issued to provide uniform guidelines and prescribe the revised mandatory documentary requirements in the processing and grant of VAT refund claims under Section 112 of the Tax Code, in line with the latest developments on VAT introduced by Republic Act (R.A.) No. 12066. COVERAGE This Circular shall cover claims for VAT refund under Section 112(A) and (B) of the Tax Code, except those pursuant to a writ of execution by the Courts, that are filed on April 1, 2025 and thereafter. GENERAL POLICIES Type of VAT Zero-Rated Sales Section in RR No. 16-2005, as amended by RR No. 10-2025 Direct export sales of goods, regardless of the percentage of export sales to total sales 4.106-5(a)(1) Direct export sales of services, regardless of the percentage of export sales to total sales 4.108-5(b)(2) Sale of goods to persons engaged in international shipping or international air transport operations 4.106-(a)(4) Services
This Circular is being issued to prescribe the guidelines in the filing of the Annual Income Tax Return (AITR) for the Calendar Year ending December 31,2024, and payment of corresponding taxes due thereon on or before April 15, 2025. The filing of the AITR for Calendar Year 2024 shall be done electronically, including AITRs without payment, in any of the available electronic platforms [Electronic Filing and Payment System (eFPS), eBIRForms, and Tax Software Providers (TSPs)]. Manual Filing shall only be allowed to the following: The Guidelines in the filing of the AITR for the Calendar Year 2024 and the payment of taxes due thereon are as follows: BIR Form No. Latest Version to be Used in eBIRForms 1700 BIR Form No. 1700v2018 1701 BIR Form No. 1701v2018 1701A BIR Form No. 1701A 1702-RT BIR Form No. 1702RTv2018C 1702-EX BIR Form No. 1702EXv2018C 1702-MX BIR Form No. 1702MXv2018C Only those applicable
Circularizing Joint Administrative Order No. 002-2025, series of 2025, Entitled “Guidelines to Implement Sections 6,6, and 8 of Republic Act No. 12066, on the Certification of Export-Oriented Enterprise with Export Sales of at least Seventy Percent (70%) of the Total Annual Production of the Preceding Taxable Year” Joint Administrative Order No. 002-2025 Guidelines to Implement Sections 6,6, and 8 of Republic Act No. 12066, on the Certification of Export-Oriented Enterprise with Export Sales of at least Seventy Percent (70%) of the Total Annual Production of the Preceding Taxable Year WHEARAS, Republic Act (RA) No. 12066, otherwise known as “An Act Amending Sections 24, 28, 32, 34, 57, 106, 108, 109, 112, 135, 237, 237-A, 269, 293, 294, 295, 296, 297, 300, 301, 308, 309, 310, and 311, and Adding New Sections 135-A, 295-A, 296-A, and 297-A of the National Internal Revenue Code of 1997, as amended (Tax Code), and for
Consolidated Provisions to Simplify and Streamline the Procedures and Requirements Relative to the Availment of the Tax Exemptions and Incentives Granted to the Participating Private Entities Under Republic Act No. 8525 or the “Adopt-a-School Act of 1998” Republic Act No. 12063 or the “Enterprise-Based Education and Training (EBET) Framework Act”, and the Tax Code. Section 1. Scope – It is the policy of the State to institute various programs that encourage private entities to help or assist in upgrading and modernizing educational institutions in the Philippines. Therefore, pursuant to Sections 244 and 245 of the National Internal Revenue Code 1997, as amended, (Tax Code), the following Regulations are hereby promulgated to consolidate provisions of Revenue Regulations (RR) No. 10-2003 and Section 294 (C) (2) and (4) of the Tax Code, in order to ensure the efficient and effective implementation of the tax incentives granted under Sections 5 and 6 of
An act creating a VAT Refund mechanism for non-resident tourists, adding a new section 112-A to the National Internal Revenue Code of 1997, as amended, for the purpose Section 1 – A new section designated as Section 112-A under Chapter I, Title IV of the National Internal Revenue Code, as amended, is hereby inserted to read as follows:
To maintain an organized and orderly filing of Annual Financial Statements (AFS) and General Information Sheet (GIS), and to comply with the zero-contact policy and automation of business-related transactions mandated by Republic Act No. 11032, otherwise known as the Ease of Doing Business and Efficient Government Service Delivery Act of 2018, the Securities and Exchange Commission (SEC), pursuant to its authority under Republic Act No. 11232, otherwise known as the Revised Corporation Code of the Philippines, and Republic Act No. 8799, otherwise known as the Securities Regulation Code, hereby adopts the following measures in the filing of annual reports with the Commission: SUBMISSION DATES Last Digit of SEC Registration/ License Number May 2,5,6,7,8,9,12,13,14,15 and 16 1 and 2 May 19,20,21,22,23,26,27,28,29 and 30 3 and 4 June 2,3,4,5,6,9,10,11and 13 5 and 6 June 16,17,18,19,20,23,24,25,26 and 27 7 and 8 June 30/ July 1,2,3,4,7,8,9,10 and 11 9 and 0 All corporations under
Further Amending Section 5 of Revenue Regulations (RR) No. 3-69, Relative to the Due Process Requirement in the Service and Execution of Summary Remedies Section 1 Scope – Pursuant to the provisions of Sections 244 and 245 in relation to Sections 207 and 208 of the National Internal Revenue Code of 1997 (Tax Code), as amended, this Regulation is hereby promulgated to amend the provisions of Revenue Regulations (RR) No. 3-69. Section 2 Amendment – Section 5 of RR No. 3-69 is hereby amended pertaining to the pertinent provision of Section 5 (a) and shall include additional provision related to the service of warrants and notices to taxpayers who have resurfaced that were previously identified as Cannot be Located (CBL) under the circumstances prescribed in the existing revenue issuances, to wit: “Section 5. Due Process Requirements in the Enforcement of Summary Remedies (a) Service and Execution of Warrants and Notices
Amending the Pertinent Provisions of Revenue Regulations No. 16-2005 to Implement the Value-Added Tax Provisions under Section 106, 108, 109, and 112 the National Internal Revenue Code of 1997, as Amended by Republic Act No. 12066. SECTION 1. Scope. – Pursuant to Sections 244 and 245 of the National Internal Revenue Code of 1997, as amended (Tax Code), in relation to Sections 12, 13, and 32 of Republic Act (RA) No. 12066, these Regulations are hereby promulgated to implement Sections 237 and 237-A of the Tax Code, particularly on the issuance of electronic invoices, electronic sales reporting and additional allowable deduction related thereto. SECTION 2. DEFINITION OF TERMS. – In applying the provisions of these Regulations, the following terms shall be defined as follows: A photo or scanned copy (in any file format) of a paper invoice (physical/manual copy) is not an electronic invoice. For purpose of these Regulations, internet
Live Webinar on Ph Payroll Computations and Taxation
Live Webinar: Input VAT Refund
Live Webinar: Winning BIR Tax Assessments Series: Process, Remedies & Writing Effective Protest
Onsite Training: PEZA Registered Entities: Taxation and Basic Reports
Live Webinar: Quarterly BIR Tax Updates- with CPD Units
Live Webinar: Returns and Reports Preparation under eBIR Forms and Online Submissions
Live Webinar: Basic Bookkeeping Refresher Course
Live Webinar: Withholding Taxes, Subjects & Applications
Live Webinar: Value Added Tax: In and Out
Live Webinar: SEC Dividend Declarations
Revenue Regulations No. 015-2025
Revenue Regulations No. 014-2025 – VAT on Digital Services
Revenue Memorandum Circular No. 37-2025
Revenue Memorandum Circular No. 34-2025
Revenue Memorandum Circular No. 32-2025
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