Bureau of Internal Revenue Issuances
TAX ADVISORY
Please be informed that effective January 22, 2024, the BIR will cease to collect the Annual Registration Fee from business taxpayers. Click this link to read the full advisory from BIR.
BIR ANNOUNCES NEW FEATURES OF ORUS
Advisory on Online Registration and Update System (ORUS) availability. More
BIR ANNOUNCES THE AVAILABILITY OF THE OFFLINE eBIR FORMS PACKAGE VERSION 7.9.4.2
REVENUE REGULATIONS (RR)
RR No. 1-2024
January 15, 2024
Further amends Section 2, Sub-section 4.109-1(B)(p) of RR No. 4-2021, as amended by RR No. 8-2021, to implement the adjustment of the selling price threshold of the sale of house and lot, and other residential dwellings for Value-Added Tax exemption purposes.
(Published in Manila Bulletin on January 18, 2024) | Full Text
REVENUE MEMORANDUM ORDER (RMO)
RMO No. 1-2024
January 10, 2024
Further amends Revenue Memorandum Order No. 6-2023 prescribing the updated and consolidated policies, guidelines and procedures for BIR audit program.
REVENUE MEMORANDUM CIRCULAR (RMC)
RMC No. 1-2024
January 9, 2024
Provides clarification on payment of penalties by NGAs in electronic Tax Remittance Advice
RMC No. 2-2024
January 9, 2024
Circularizes BIR’s Strategic Statements
RMC No. 3-2024
January 10, 2024
Circularizes RA No. 11976 (Ease of Paying Taxes Act) and the Veto Message of President Ferdinand R. Marcos Jr.
RMC No. 4-2024
January 10, 2024
Circularizes the revised People’s Freedom of Information (FOI) Manual for the BIR and updated List of FOI receiving officers
Digest | Full Text | Annex 1 | Annex A | Annex B-B6
Annex 2 | Annex 3 | Annex 4 | Annex 5
RMC No. 5-2024
January 10, 2024
Further clarifies the proper tax treatment of cross-border services in light of the Supreme Court En Banc Decision in Aces Philippines Cellular Satellite Corp. v. Commissioner of Internal Revenue, GR. No. 22668
RMC No. 6-2024
January 10, 2024
Publishes the full text of the JAO No. 001-2023 guidelines to implement Sections 305, 306, 307, and 308 of the NIRC of 1997, as amended by the RA No. 11534 (CREATE Act) for Cooperatives; and full text of FIRB – Advisory No. 017-2023 regarding the availability of the updated templates for the Annual Tax Incentives Report and Annual Benefits Report of Cooperatives (FIRB Form No. 3003AS v2.1 dated 6 October 2023)
Digest | Full Text | DTI JAO No. 001-2023 | FIRB Advisory No. 017-2023
RMC No. 7-2024
January 11, 2024
Reverses the Value-Added Tax exemption of transactions specified under Section 109 (BB) of the National Internal Revenue Code (Tax Code) of 1997, as amended.
RMC No. 8-2024
January 15, 2024
Clarifies the provisions of Revenue Regulations No. 16-2023 imposing Withholding Tax on gross remittances made by electronic marketplace operators and digital financial services providers to sellers/merchants.
RMC No. 9-2024
January 16, 2024
Clarifies surcharge computed in the filing of an amended return in the electronic Filing and Payment System (eFPS).
REVENUE DELEGATION AUTHORITY ORDERS
RAO No. 1-2024
January 5, 2024
Redefines the areas of jurisdiction of RDO No. 50 – South Makati City and RDO No. 44 Taguig City-Pateros
TAX AND BUSINESS RELATED NEWS
BIR WEEKENDER BRIEFS
Volume No. 15 Issue No. 2 Week ending January 12, 2024
A case was filed by a BIR revenue district office under the Run After Tax Evaders (RATE) Program on illicit cigarettes on January 4, 2024.
Click the link below to read the full news from the source:
Lumagui: 26 BIR Officials Suspended
Bureau of Internal Revenue Commissioner Romeo D. Lumagui Jr., has ordered the suspension of twenty-six (26) BIR employees. Commissioner Lumagui has earlier stated his mission to have a BIR that is filled with professionals that have integrity.
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Lumagui: VAT Exemption for Sale of House and Lot & Other Residential Dwellings increased to 3.6M
Bureau of Internal Revenue Commissioner Romeo D. Lumagui Jr has issued Revenue Regulations No. 1-2024 which increased, for Value-Added Tax (VAT) exemption purposes, the selling price threshold of the sale of house and lot, and other residential dwelling.
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Lumagui: BIR Conducts Nationwide Tax Compliance Verification Drive to Help Educate Taxpayers and to Improve Taxpayer Information Awareness
In a historic move towards bolstering taxpayer awareness and cultivating a culture of compliance, Commissioner Romeo D. Lumagui Jr. of the Bureau of Internal Revenue (BIR) is set to lead a Nationwide Tax Compliance Verification Drive (TCVD) on January 18 to 19, 2024.
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Real property tax for land in Iloilo City reduced to 60%
(Philippine News Agency / Perla Lena / January 2, 2024)
Iloilo City Mayor Jerry Treñas said taxes are the lifeblood of government and urged the public to pay their taxes promptly, given the reduction.
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Sandigan denies appeal of convicted Tarlac municipal tax collector
(Abogado.com / January 2, 2024)
The Sandiganbayan has rejected the motion for reconsideration filed by a former municipal revenue collector of Santa Ignacia town in Tarlac province appealing his conviction on malversation charges for allegedly incurring a shortfall of public funds totaling P343,000 in 2013.
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https://abogado.com.ph/sandigan-denies-appeal-of-convicted-tarlac-municipal-tax-collector/
Electric Tax
(BusinessMirror / Atty. Irwin C. Nidea Jr. / January 3, 2024)
In the case of Misamis Oriental II Rural Electric Services Cooperative, Inc. (MORESCO-II), v. CIR ( CYA Case No. 10145), the Court of Tax Appeals has Confirmed that an electric cooperative that is registered as a non-stcl non-profit, registered with NEA but is not registered with CDA is permanently exempt from income tax.
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It’s up to Supreme Court to rule on unprogrammed funds – Salceda
(Inquirer.net / Jean Mangaluz / January 3, 2024)
It will be up to the Supreme Court (SC) to decide whether the additional unprogrammed funds that Congress inserted in the 2024 national budget are constitutional, Albay Rep. Joey Salceda said in a statement on Tuesday.
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SC na ang magdedesisyon ng legalidad ng P449B excess unprogrammed funds – Salceda
(Remate On-Line / Gail Mendoza – January 3, 2024)
Nasa kamay na ng Korte Suprema ang pagdedesisyon ukol sa legalidad ngbunprogrammed funds sa ilalim ng General Appropriations Act of 2024 na aabot sa P449 bilyon, ayon kay House Committee on Ways and Means chairman Rep. Joey Salceda.
Click the link below to read the full news from the source:
https://remate.ph/sc-na-ang-magdedesisyon-ng-legalidad-ng-p449b-excess-unprogrammed-funds-salceda/
CTA orders PAGCOR to pay P117-M deficiency income tax
(Philippine News Agency/ Benjamin Pulta / January 3, 2024)
The Court of Tax Appeals (CTA) en banc has ordered the Philippine Amusement and Gaming Corporation (PAGCOR) to pay deficiency income tax for 2005 and 2006 amounting to PHP117 million.
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Makati excludes EMBO barangays from 2024 national tax collection
(Manila Bulletin / Patrick Garcia / January 5, 2024)
The 10 EMBO barangays have been excluded in Makati City’s National Tax Allotment (NAT) for this year, the city government announced on Friday, Jan. 5.
Click the link below to read the full news from the source:
https://mb.com.ph/2024/1/5/makati-excludes-embo-barangays-from-2024-national-tax-collection
Tax court returns to RTC the LRT tax refund suit vs. Manila
(Philippine News Agency / Benjamin Pulta / January 10, 2024)
The Court of Tax Appeals (CTA) has remanded to the Manila Regional Trial Court (RTC) a case involving local business taxes imposed by the City of Manila over the operator of Light Rail Transit-1.
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Meralco warns vs discounts in paying bills via social media
(The Philippine Star / January 14, 2024)
The Manila Electric Co. (Meralco) has warned the public against scammers claiming that customers can pay their electric bills through social media accounts to get discounts.
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SEC Updates and Compliance for 2024
(PhilStar.com / January 16, 2024)
The implementing rules and regulations of the Revised Corporation Code of the Philippines that took effect on Feb. 23, 2019 has been released by the Securities and Exchange Commission through memorandum circulars (MCs).
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https://www.philstar.com/business/2024/01/16/2326029/sec-updates-and-compliance-2024
DOJ orders BI to stop issuing work visas petitioned by sole proprietorships
(CNN Philippines/ January 16, 2024)
The Department of Justice (DOJ) has directed the Bureau of Immigration (BI) to no longer issue visas petitioned by unincorporated businesses run by just one owner, after authorities found that thousands of foreigners using fake corporations were allowed entry to the Philippines.
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https://www.cnnphilippines.com/news/2024/1/16/doj-bi-visa-issuance-sole-proprietorships.html
SEC Revokes License of Lending Firm
(The Philippine Star / Iris Gonzales / January 17, 2024)
The Securities and Exchange Commission (SEC) has revoked the certificate of authority of Wealth and Personal Development Lending Inc. to operate as a lending company.
Click the link below to read the full news from the source:
https://www.philstar.com/business/2024/01/17/2326261/sec-revokes-license-lending-firm
New Finance Chief Eyes Carbon Tax
(The Philippine Star / January 18, 2024)
Newly installed Finance Secretary Ralph Recto is pursuing the tax reform proposals of his predecessor, starting with the imposition of a carbon tax in a bid to generate additional revenues and address environmental concerns.
Click the link below to read the full news from the source:
https://www.philstar.com/business/2024/01/18/2326533/new-finance-chief-eyes-carbon-tax
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