Pursuant to Section 24 Republic Act (RA) No. 12214, otherwise known as the “Capital Markets Efficiency Promotion Act” (CMEPA), Section 258 of the National Internal Revenue Code of 1997, as amended (Tax Code), is further amended (Tax Code), is further amended to read as follows: ” SEC. 24. Section 258 of the National Internal Revenue Code of 1997, as amended, is hereby further amended to read as follows: SEC. 258. Unlawful Pursuit of Business. – Any person who carries on any business without registering the same in accordance with Section 236 shall, upon conviction for each act or omission, be punished by a fine of not less than Five thousand pesos (P5,000) but not more than Twenty thousand pesos (P20,000) and imprisonment of not less than six (6) months but not more than two (2) years: Provided, That in the case of a person engaged in the business of distilling,
This Revenue Memorandum is issued to clarify the provisions of Revenue Regulations (RR) No. 3-2025, implementing the National Internal Revenue Code of 1997 (Tax Code), as amended by Republic Act (RA) No. 12023, and to address certain issues pertaining to the implementation of the Value-Added Tax (VAT) on Digital Services. Q1: Non-Resident Digital Service Providers (NRDSPs) are required to register with the Bureau of Internal Revenue (BIR) pursuant to Section 5 of RR No. 3-2025. Are NRDSPs whose sales from the Philippines only constitute Business-to-Business (B2B) still required to register with the BIR for VAT purposes? A1: Yes. All NRDSPs are required to register or update their registration with the BIR under Section 5 of RR No. 3-2025. This requirement applies regardless of the nature of their transactions, whether B2B, Business-to-Consumer (B2C), or both. Q2: If required to register, are NRDSPs with purely B2B transactions atill required to file tax
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
Circularizing the Implementing Rules and Regulations of Title XIII of Republic Act No. 8424, Otherwise Known as the National Internal Revenue Code of 1997, as Amended by Republic Act No. 12066 For the information and guidance of all internal revenue officials, employees and others concerned, attached as Annex “A” hereof is the Implementing Rules and Regulations of Title XIII of the National Internal Revenue Code of 1997, as amended by Republic Act No. 12066.
Clarification on the Submission of Proof of Settlement of Estate Pursuant to Revenue Regulations (RR) No. 10-2023 This Circular is hereby issued to clarify the provisions of Section 2 of RR No. 10-2023 regarding the submission of proof of settlement of the estate, whether judicial or extra-judicial, for purposes of availability of estate amnesty. The documents required for the availment of the estate tax amnesty are the Estate Tax Amnesty Return (ETAR) – BIR Form No. 2118-EA, the Acceptance Payment Form – BIR Form No. 0621-EA, and the complete documentary requirement as prescribed under RR No. 10-2023. The proof of settlement of the estate (e.g. Extra Judicial Settlement, Court Order), whether judicial or extra judicial, is not required to accompany the ETAR at the time of filing and payment of taxes if it is not yet available. Accordingly, the non-submission of such proof on or before June 14, 2025 shall
Clarification on the Requirement of Submission of Taxpayer Identification Number of Cooperative Members for the Issuance of Certificate of Tax Exemption in Relation to Revenue Memorandum Circular No. 158-2022 The Taxpayer Identification Number (TIN) is a unique identifier issued by the Bureau of Internal Revenue (BIR) for all taxpayers in the Philippines, serving as a crucial component in the administration of tax laws and regulations. In line with the government’s efforts to improve tax administration, ensure compliance, promote transparency and accountability in its transactions, the BIR has recognized the need to standardized the compliance on the submission of TIN for members of cooperatives. The BIR, however, is cognizant that cooperatives have been facing challenges and difficulties in securing and submitting their member’s TIN due to various factors such as capacity of the members to understand the BIR regulations pertaining to application of TIN delays in securing documentary requirements for registration
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
Live Webinar 2025 ITR (1702 MX) Filing Reminders for PEZA-Registered Entities
Live Webinar: SEC Dividend Declarations
Live Webinar 1 & 2: BIR Tax Compliance for VAT Entity
Live Webinar: PEZA Registered Entities: Taxation and Basic Reports
Live Webinar: Basic Bookkeeping for Non-Accountants
Live Webinar: Winning BIR Tax Assessments Series: Process, Remedies & Writing Effective Protest
SEC MEMORANDUM CIRCULAR NO. 9 – 2026 Filing of Annual Financial Statements and General Information Sheet
Revenue Regulations No. 029-2025
Revenue Regulations No. 28-2025
Revenue Regulations No. 27-2025 Amends Section 8 of Revenue Regulations No. 25-2003 on the Tax Treatment of Subsequent Sale, Transfer of Exchange of Tax-Exempt Automobile by a Tax-Exempt Person/Entity to a Non-Exempt Person/Entity
Revenue Regulations No. 26-2025 Amending the Transitory Provision of Revenue Regulations No. 11-2025 Extending the Compliance Period for Electronic Invoice Issuance by Covered Taxpayers
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