Providing Extension of the Deadlines of the Filing of Tax Returns and Payment of the Corresponding Taxes Due Thereon, Including Submission of Required Documents for Taxpayers Within the Jurisdiction of Revenue District Offices of the Bureau of Internal Revenue That Were Affected by Southwest Monsoon and Typhoon “Carina”, and Giving Authority to the Commissioner of Internal Revenue to Extend the Deadline for the Filing of the Commissioner of Internal Revenue to Extend the Deadline for the Filing of the Returns and Other Documents on Times of Force Majeure Section 1 Purpose – Pursuant to Sections 244 and 245 of the National Internal Revenue Code (NIRC) of 1997, as amended, and taking into account the following: The Bureau of Internal Revenue (BIR) is hereby extending the deadline for the filing of tax returns and the payment of taxes due thereon, including submission of certain documents. The extension is intended to provide
Prescribing the Mandatory Requirements for Claims for Credit/Refund of Taxes Erroneously or Illegally Received or Collected or Penalties Imposed Without Authority Pursuant to Section 204(C), in Relation to Section 229 of the National Internal Revenue Code of 1997, as Amended (Tax Code), Except Those Under the Authority and Jurisdiction of the Legal Group This Circular is issued to provide the guidelines and prescribe the mandatory documentary requirements in the processing and grant of claims for issuance of tax credit certificates (TCC) or cash refund (TCC/refund) or erroneously or illegally received or collected taxes under section (204(c), in section 229 of the Tax Code, in line with the recently introduced reforms on tax refunds under Republic Act (R.A.) No. 11976, also known as the Ease of Paying Taxes (EOPT) Act of 2023, This shall not cover actions or request for tax credit/refund based on writ of execution issued by the Court
Prescribing the Mandatory Requirements for Claims for Tax Credit or Refund of Excess/Unutilized Creditable Withholding Taxes on Income Pursuant to Section 76(C), in Relation to Section 204(C) and 229 of the National Internal Revenue Code of 1997, as Amended (Tax Code) Except Those Under the Authority and Jurisdiction of the Legal Group This Circular is issued to provide guidelines and prescribe the mandatory documentary requirements in the processing and grant of claims for issuance of tax credit certificates (TCC) or cash refund (TCC/refund) of excess/unutilized creditable withholding taxes (CWT) on income under Section 76(C), in relation to Sections 204(C) and 229 of the Tax Code, in line with the recently introduced reforms on tax refunds under Republic Act (R.A.) No. 11976, also known as the Ease of Paying Taxes (EOPT) Act of 2023. This does not cover actions on request for tax credit/refund based on writ of execution issued by
Amending Section 5 and 6 of Revenue Regulations (RR) No. 3-2019, on the Validity of Certificate Authorizing Registration (eCAR) and its Revalidation Section 1. Background The Certificate Authorizing Registration (CAR) being issued by the Bureau of Internal Revenue (BIR) allows the Land Registration Authority (LRA) to transfer. The CAR is issued by the BIR as a proof that the transfer of property was reported and that all necessary taxes were paid in full by the taxpayer. BIR is currently issuing Electronic CAR (eCAR) wtih a validity period of five (5) year validity period. The eCAR has an embedded barcode, which is being used by the Land Registration Authority System (LRA-PHILARIS-RD System) to validate the pertinent data needed to proceed with the processing and issuance of a new property title. However, not all eCARS issued by the BIR are presented within the five (5) year validity period, thus concerned parties have
Amending the Transitory Provisions of Revenue Regulations No. 7-2024 Relative to the Deadlines for Compliance with the Invoicing Requirements Section 1. Scope – Pursuant to the provisions of Sections 244 and 245 of the National Internal Revenue Code of 1997, as amended (Tax Code), in relation to Section 47 of Republic Act (RA) No. 11976, otherwise known as the “Ease of Paying Taxes (EOPT) Act”, these Regulations are hereby promulgated to amend the transitory provisions of Revenue Regulations (RR) No. 7-2024 and extend the deadlines for compliance with the new Invoicing Requirements under the EOPT Act. Section 2. Amendments and Extensions of Deadlines for Compliance. – Section 8 – Transitory Provisions of RR No. 7 – 2024 is hereby amended to read as follows: “Section 8 Transitory Provisions.– Section 3. Subsequent Amendments on the Extension of Deadlines. – The Commissioner of Internal Revenue may further extend the deadlines on the
Amending certain provisions of Revenue Regulations No. 10-2006, As amended, Relative to the Registration of Master Securities Lending Agreement and Global Master Securities Lending Agreement Section 1. Scope. – Pursuant to Section 244 of the National Internal Revenue Code of 1997, as amended, these Regulations are hereby promulgated to amend certain provisions of Revenue Regulations (RR) No. 10-2006, as amended by RR No. 1-2008. Section 2 Section 3 of RR No. 10-2006, as amended, is hereby further amended to read as follows: “Section 3. Definition of Terms.-b. Collateral. Cash, government securities, equity securities, standby letter of credit issued by a bank, or other forms of collateral provided to the Lender as security in accordance with the rules prescribed by the SEC and/or PSE until the borrowed share/security is returned. f. Global Master Securities Lending Agreement (GMSLA). Master Securities Lending Agreement substantially in the form published by the International Securities Lending
Clarifying the Deadline for Filing of Documentary Stamp Tax Return and Payment of the Corresponding Taxes This Circular is issued to clarify the deadline for filing of Documentary Stamp Tax (DST) Return and payment of DST, considering the passage of Republic Act No. 11976, otherwise known as the “Ease of Paying Taxes Act” (EOPT Law). Section 200(B) of the National Internal Revenue Code of 1997, as amended (Tax Code), states: “Section 200. Payment of Documentary Stamp Tax. – (B) Time for Filing and Payment of the Tax. – Except as provided by rules and regulations promulgated by the Secretary of Finance, upon recommendation of the Commissioner, the tax return prescribed in this Section shall be filed, either electronically or manually, within ten (10) days after the close of the month when the taxable document was made, signed, issued, accepted, or transferred, and the tax thereon shall be paid at the
Submission of Inventory Report and Notice in Compliance with Transitory Provisions of Revenue Regulations No. 7-2024 Relative to the implementation of the transitory provisions of Revenue Regulations (RR) No. 7-2024, as amended, taxpayers can convert unused Official Receipts/Billing Statement/Statement of Account/Statement of Charges into Invoices/Billing Invoices. Additionally, they are required to submit Inventory Report related to these conversions on or before July 31, 2024; and Notice on the renaming of Official Receipt/Billing Statement/ Statement of Account/Statement of Charges within thirty (30) days from the completion of machine/system reconfiguration/enhancement or on December 31, 2024, whichever comes first. To streamline the process of report submission, taxpayers shall have the option to submit their Inventory Report and/or Notice being required under RR No. 7-2024 electronically: a) via email though Taxpayer Registration-Related Applications (TRRA) Portal which is accessible in the BIR Website under the eServices section (refer to Annex A for the User Guide;
Clarifies Certain Issues Relative to the Implementation of section 19 of R.A. No. 11976, otherwise known as “Ease of Paying Taxes Act”, Which Added Section 110(D) of the National Internal Revenue Code (NIRC) of 1997, as amended (Tax Code), that Introduced the Output VAT Credit on Uncollected Receivables This Circular is issued to clarify issues and set guidelines for the effective implementation of Section 110(D) of the Tax Code, as introduced in Republic Act (RA) No. 11976, also known as “Ease of Paying Taxes Act” ” Output VAT Credit on Uncollected Receivables. – A seller of goods or services may deduct the output VAT pertaining to uncollected receivables from its output VAT on the next quarter, after the lapse of the agreed upon period to pay: Provided, That the seller has fully paid the VAT on the transaction: Provided, further, That the VAT component of the uncollected receivables has not
Availability of BIR Form No. 1702-MX January 2018 (ENCS) in the Electronic Filing and Payment system (eFPS) This Circular is issued to announce the availability of BIR Form No. 1702-MX [Annual Income Tax Return for Corporation, Partnership and Other Non-Individual with MIXED income Subject to Multiple Income Tax Rates or with Income Subject to SPECIAL/PREFERENTIAL RATE] January 2018 (ENCS) in the Electronic Filing and Payment System (eFPS). The aforementioned BIR Form shall be filed electronically, with or without payment, on or before the 15th day of the 4th month following the close of the taxpayer’s taxable year. All mandated eFPS taxpayers who are required to file the said return and pay the corresponding tax due thereon, if any, shall use the eFPS facility effective immediately.
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