Bureau of Internal Revenue Issuances
TAX REMINDER
All sellers/merchants engaged in sale of goods and services in electronic marketplaces are reminded to register their business and submit a Sworn Declaration (Annex A of Revenue Memorandum Circular No. 8-2024) with the BIR RDO having jurisdiction over their place of business on or before April 15, 2024, as prescribed under the said Circular.
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REVENUE MEMORANDUM ORDERS(RMO)
RMO No. 10-2024
March 13, 2024
Amends RMO No. 4-2017 pertaining to the inclusion of certain Special Allotment Release Order information in the Tax Subsidy Availment Certificate
REVENUE MEMORANDUM CIRCULARS(RMC)
RMC No. 36-2024
March 11, 2024
Clarifies the manner of computing the Minimum Corporate Income Tax (MCIT) for Taxable Year 2023
REVENUE DELEGATION OF AUTHORITY ORDERS(RDAO)
RDAO No. 5-2024
March 13, 2024
Designates Assistant Commissioner of Client Support Service as Officer-In-Charge of the Operations Group and gives her the authority to sign several documents specified in the Order in view of the approved leave of absence of OG Deputy Commissioner
Tax And Business Related News
Lumagui: BIR raids Laguna warehouse with 100,000+ bottles of Flava vape
Bureau of Internal Revenue Commissioner Romeo D. Lumagui Jr. reported that a raid of a warehouse located in San Pablo City, Laguna resulted into the confiscation of 1,029 master boxes (102,900 bottles) of vape products and the arrest of two individuals. The raid was made in coordination with the Philippine National Police Criminal Investigation and Detection Group, Laguna Provincial Field Unit. The total deficiency taxes computed by the BIR for the San Pablo raid is Php 75,745,323.19.
Click the link below to read the full news from the source:
https://www.bir.gov.ph/images/bir_files/internal_communications_1/2024/Press Release/PR19MAR1424.pdf
BIR holds Public Consultation on the Draft Revenue Regulations to implement the EOPT Act
Commissioner Romeo D. Lumagui, Jr., together with the Deputy Commissioners, concerned Assistant Commissioners (ACIR) and Head Revenue Executive Assistants, and other revenue officials, spearheaded the conduct of the two-day Public Consultation on the Draft Revenue Regulations to implement the Ease of Paying Taxes (EOPT) Act (Republic Act No. 11976) on February 26 and 27, 2024 at The Elements in Eton Centris, Quezon City. The two-day consultation commenced with the Commissioner’s Opening Message wherein he called the event “not just a consultation, but an opportunity to gather and discuss the EOPT Act with the taxpaying public.”
Click the link below to read the full news from the source:
https://www.bir.gov.ph/images/bir_files/internal_communications_5/2024 BIR Updates/BIR Updates Issue No. 5 1.pdf
Presentation of Proposed Revenue Regulations to Implement the EOPT Act
Members of the Ease of Paying Taxes (EOPT) Drafting Committees had their photos taken with CIR Romeo D. Lumagui, Jr. and the Deputy Commissioners after the presentation of the highlights of the proposed Revenue Regulations to implement the EOPT Act conducted on March 7 at the 3rd Floor, Executive Conference Room in the BIR National Office.
Click the link below to read the full news from the source:
https://www.bir.gov.ph/images/bir_files/internal_communications_5/2024 Weekender Briefs/v15n10 highres.pdf
Lumagui: BIR dismissal of employee for POS-CRM tampering supported by DOF, together with another batch of BIR dismissals
Bureau of Internal Revenue Commissioner Romeo D. Lumagui Jr. welcomes the support of the Department of Finance (DOF) in upholding the integrity and professionalism of BIR employees. The support of the DOF was manifested in its confirmation of several dismissals made by the BIR for erring BIR personnel. The cases vary from Grave Misconduct, Conduct Prejudicial to the Best Interest of the Service, Violation of Republic Act 3019 or the Anti-Graft and Corrupt Practices Act, and Violation of Reasonable Office Rules and Regulations. The DOF also confirmed the dismissal of an erring BIR personnel tagged in tampering and altering the Point of Sales-Cash Register Machine (POS-CRM).
Click the link below to read the full news from the source:
https://www.bir.gov.ph/images/bir_files/internal_communications_1/2024/Press Release/PR18MAR1124.pdf
Internal Consultation on EOPT draft Revenue Regulations held
With the passage into law of Republic Act No. 11976 or Ease of Paying Taxes (EOPT) Act, the EOPT Oversight Committee, headed by ACIR Larry M. Barcelo of the Legal Service, conducted a 2-day internal consultation on the draft Revenue Regulations to implement the law on February 14 and 15 at the National Training Center Auditorium, BIR Compound, Diliman, Quezon City. Almost 1,000 revenuers, comprised of Assistant Commissioners, Head Revenue Executive Assistants, Revenue District Officers, Division Chiefs from the National Office and Regional Offices, Section Chiefs from Client Support Section and Collection Section and other concerned personnel, attended the consultation (face-to-face and via Zoom)
Click the link below to read the full news from the source:
https://www.bir.gov.ph/images/bir_files/internal_communications_5/2024 BIR Updates/BIR Updates Issue No. 3.pdf
EoPT Act: Insights on the draft Implementing Rules and Regulations
(Business World / Ma. Lourdes Politado-Aclan / March 11, 2024)
They say good things come in threes. In April 2021, I wrote an article for this section, “Wish list for reforms on tax filing, payment, and administrative compliance.” In that article, I listed three wishes, some of which were addressed by the Ease of Paying Taxes (EoPT) Act, which was then a bill. My wishes and the general taxpayer’s wishes then are to enhance the portability of tax transactions by removing restrictions on the filing and payment of taxes, institutionalizing the acceptance of e-signatures on all tax returns and documents required by the BIR, and removing the distinction between the value-added tax (VAT) sales invoice and VAT official receipts. Less than three years from then, those wishes came true in the form of the EoPT Act, or Republic Act No. 11976, which was signed into law on Jan. 5 and published in the Official Gazette on Jan. 7. Taxpayers and the tax community indeed welcomed the new year 2024 right. The EoPT Act includes the following amendatory provisions: Out-of-district filing and payment of taxes; One VAT base and invoice for the sale of goods and services; and Digitalization, electronic filing, and acceptance of certain BIR applications. To effectively implement the above provisions and other provisions of the EoPT Act, the law authorizes the Secretary of Finance, after consultation with the Bureau of Internal Revenue (BIR) and the private sector, to promulgate the necessary rules and regulations within 90 calendar days from the effectivity of the EoPT Act.
Click the link below to read the full news from the source:
https://www.bworldonline.com/economy/2024/03/11/581052/eopt-act-insights-on-the-draft-implementing-rules-and-regulations/
Senate bill meant to boost cities realty taxes passed on 3rd reading
(Business World / John Victor D. Ordonez / March 11, 2024)
THE PHILIPPINE Senate on Monday approved on third and final reading a priority bill seeking to fast-track and boost the monitoring of real property sales of local government units (LGUs) and to maintain a digital database of up-to-date market values. In a 23-0-0 vote, senators voted in favor of Senate Bill No. 2386 or the Real Property Valuation and Assessment Reform Act, which aims to improve real property tax collections by updating valuations without increasing or imposing new taxes.
Click the link below to read the full news from the source:
https://www.bworldonline.com/the-nation/2024/03/11/581064/senate-bill-meant-to-boost-cities-realty-taxes-passed-on-3rd-reading/
Refund remedies of EOPT
(Business Mirror / Atty. Irwin C. Nidea Jr. / March 12, 2024)
The Ease of Paying Taxes Law (EOPT) has introduced changes in claims for excess input VAT and erroneously paid taxes. The period that the BIR is mandated to act on these claims is now defined. The law is also clear on the remedies available to taxpayers in case a claim for refund is denied. But when you read the draft revenue regulations (RR) on refunds, it appears that the BIR wants to introduce additional remedies that are not provided for by law. I am afraid that this signals another vicious cycle of false hopes and dismissed judicial appeals.
Click the link below to read the full news from the source:
Refund remedies of EOPT | Atty. Irwin C. Nidea Jr. (businessmirror.com.ph)
Philippine Chamber of Commerce and Industry (PCCI) urges livestock, transport inclusion in carbon tax review
(Business World / Sheldeen Joy Talavera / March 12, 2024)
THE Philippine Chamber of Commerce and Industry (PCCI) said any review of a proposed carbon tax should include the livestock farming and transport industries, which it described as major emitters of greenhouse gases. “Both sectors are major contributors to greenhouse gas emissions and the bill needs to clarify how the policy will be equally and fairly applied to the aforementioned industries,” the PCCI said in a position paper from earlier in the month.
Click the link below to read the full news from the source:
https://www.bworldonline.com/economy/2024/03/12/581256/pcci-urges-livestock-transport-inclusion-in-carbon-tax-review/
TIN registration at your fingertips
(The Philippine Star / Reyna Mae Dela Cerna / March 12, 2024)
Our government agencies are trying to keep pace with rapid technology advancements through the digitalization of some of their operations to streamline administrative processes, improve compliance and provide better services.The Bureau of Internal Revenue (BIR), as the primary revenue generating agency, initiated the BIR Digital Transformation (DX) Roadmap for CY2020-2030 back in 2019 to adapt to and take advantage of the fast-evolving digital economy. This initiative aims to further improve efficiency in revenue collection and make compliance easier, in alignment with Republic Act (RA) 11032 or An Act of Promoting Ease of Doing Business and Efficient Delivery of Government Services.
Click the link below to read the full news from the source:
https://www.philstar.com/business/2024/03/12/2339793/tin-registration-your-fingertips
BIR rules out deduction for stores honoring senior, PWD discounts
(Business World / Irish D. Tabile / March 13, 2024)
THE Bureau of Internal Revenue (BIR) said retailers who plan to honor the expanded discounts planned for senior citizens and persons with disabilities (PWDs) have no legal basis at the moment to claim tax deductions. Speaking at a consultation organized by the Department of Trade and Industry (DTI) this week, Ron Mikhail Uy, representing the BIR, said: “We cannot give additional (tax deductions) without basis in the law. As of now, that is the stand of BIR.”
Click the link below to read the full news from the source:
https://www.bworldonline.com/economy/2024/03/13/581648/bir-rules-out-deduction-for-stores-honoring-senior-pwd-discounts/
Digital nomad visas: Redefining the workation
(Business World / Irene To / March 13, 2024)
Following an announcement made in May, the Bureau of Immigration (BI) is set to launch its new digital nomad visa program in 2024. Digital nomad visas give individuals the right to live and work remotely outside their home country. With such a visa, individuals will be allowed to reside in a foreign country while being employed elsewhere. Currently, over 50 countries offer similar remote work visas to attract remote workers and freelancers. While not all countries have specific visas tailored for remote workers, some offer options that can accommodate them. Thailand, for instance, has the Thailand Elite Visa for extended stays, which is not explicitly designed for digital nomads. Indonesia’s Social Budaya Visa is geared towards cultural or educational purposes, while Malaysia’s MM2H Program is for long-term stays. Taiwan’s Gold Card Visa targets skilled professionals but can facilitate remote work arrangements. The Working Holiday Visa of Japan and the H-1 Visa of South Korea may be utilized by remote workers under certain conditions. While the landscape for digital nomad visas in Asia is still evolving, these options reflect a growing recognition of the needs of remote workers in the region.
Click the link below to read the full news from the source:
https://www.bworldonline.com/economy/2024/03/13/581639/digital-nomad-visas-redefining-the-workation/
Electric vehicle stakeholders still awaiting talks on tax breaks
(Philippine Star / March 13, 2024)
MANILA, Philippines – Key personalities from the electric vehicle (EV) industry have expressed concern as the waiting game continues for the National Economic Development Authority (NEDA) to hold talks on an executive order concerning tax breaks on certain EV types. This developed despite the announcement by NEDA chief Arsenio Balisacan that the Tariff Commission (TC) would be asked to conduct public hearings to carefully consider the views of all stakeholders on Executive Order No. 12. The EO’s provisions is expected to be reviewed one year after its implementation on February 20, 2023.
Click the link below to read the full news from the source:
https://www.philstar.com/nation/2024/03/13/2340247/electric-vehicle-stakeholders-still-awaiting-talks-tax-breaksa
DOF engages finance sector to further refine proposed bill on simplifying passive income tax and other financial instruments
(Department of Finance / March 14, 2024)
The Department of Finance (DOF) engaged finance sector stakeholders in a briefing on March 1, 2024 on the proposed Package 4 of the Comprehensive Tax Reform Program (CTRP) that will simplify the tax structure on passive income and certain instruments and other financial products. A priority measure of the Marcos, Jr. administration, Package 4 of the CTRP is aimed at making the taxation of passive income, financial intermediaries, and financial transactions simpler, fairer, and globally competitive. The proposal will ensure a more efficient Philippine tax system, boost the competitiveness of the country’s capital markets, and foster greater financial inclusion among Filipinos.
Click the link below to read the full news from the source:
https://www.dof.gov.ph/dof-engages-finance-sector-to-further-refine-proposed-bill-on-simplifying-passive-income-tax-and-other-financial-instruments/
BIR raids vape seller with P75.7-M tax deficiency
(Business World / Luisa Maria Jacinta C. Jocsan / March 14, 2024)
THE BUREAU of Internal Revenue (BIR) has confiscated illicit vape products which cost the government P75.7 million in lost revenues. In a statement on Thursday, the agency said it raided the vape seller’s warehouse in San Pablo City, Laguna and confiscated 102,900 bottles of vape products.
Click the link below to read the full news from the source:
https://www.bworldonline.com/the-nation/2024/03/14/581989/bir-raids-vape-seller-with-p75-7-m-tax-deficiency/
BIR ordered to refund Petron P67.9M in erroneously paid excise taxes
(Abogado.com.ph / March 15, 2024)
The Bureau of Internal Revenue (BIR) has been ordered by the Court of Tax Appeals to refund or issue a tax credit certificate to Petron Corporation in the amount of P67.99 million representing erroneously paid excise taxes for importing alkylate, a gasoline blending product, in 2017. The importations were imposed an excise tax of P67,991,825 under the National Internal Revenue Code “on the ground that alkylate is supposedly a product of distillation similar to naptha.”
Click the link below to read the full news from the source:
https://abogado.com.ph/bir-ordered-to-refund-petron-p67-9m-in-erroneously-paid-excise-taxes/
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