Bureau of Internal Revenue Issuances
TAX REMINDER
LIST OF BIR E-FILING/ TAX ASSISTANCE CENTER
https://www.bir.gov.ph/images/bir_files/internal_communications_1/2024/Advisories/Bureaus%20List%20of%20Tax%20Filing%20Centers%2003222024%20v6.pdf
ALL TAXPAYERS SHALL ELECTRONICALLY FILE THEIR AITRs (through eBIRForms or eFPS, whichever is applicable), INCLUDING ITS ATTACHMENTS (through eAFS).
NO MANUAL FILING OF AITRs in all Large Taxpayers Services (LTS) offices, Revenue District Offices (RDOs), nor in the eFiling/TAC at the BIR NTC – Auditorium
EXCEPT FOR: Senior Citizens (SC) or Persons with Disabilities (PWDs) filing their own returns; employees deriving purely compensation income with two or more employers (concurrently or successively) during the taxable year; employees whose spouse is not entitled to substituted filing; and employees qualified for substituted filing but opted to file for AITR for purposes of promotion, loans, scholarships, foreign travel requirements, etc.
Taxpayers who have electronically filed and/or paid their AITR, including its attachments NEED NOT SUBMIT THE PRINTED COPY OF THE ELECTRONICALLY FILED RETURN to the concerned LTS office or RDO for stamping.
Bank Bulletin No. 2024-1 reminds all Authorized Agent Banks to accept tax returns/payments of internal revenue taxes on April 6 and April 13, 2024 and to extend their banking hours up to 5:00 P.M. for the period April 1-15, 2024.
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.
https://www.bir.gov.ph/images/bir_files/internal_communications_1/Advisory/2024/Tax%20Reminder.pdf
TAX ADVISORY
Advisory on the establishment of eFiling/Tax Assistance Center at the BIR National Training Center – Auditorium.
Manual filing of attachments, EXCEPT Certificates of Withholding Tax (BIR Form Nos. 2307, 2316, etc.), shall be allowed in BIR offices/Tax Assistance Center (TAC). The submission of copies of BIR Form Nos. 2307 and 2316 shall be done following the procedures prescribed under Revenue Regulations (RR) No. 16-2021.
Manual filing of “No Payment Returns” shall be allowed in BIR frontline offices/TAC only.
REVENUE REGULATIONS (RR)
RR No. 3-2024
April 11, 2024
Implements the amendments introduced by Republic Act No. 11976 (Ease of Paying Taxes Act), on the relevant provisions of Title IV – Value-Added Tax and Title V – Percentage Tax of the NIRC of 1997, as amended.
RR No. 4-2024
April 11, 2024
Implements Sections 22, 34, 51(A)(2)(e), 51(B), 51(D), 56(A)(1), 58(A), 58(C), 58(E), 77, 81, 90, 91, 103, 114, 128, 200 and 248 of the NIRC of 1997, as amended by Republic Act No. 11976 (Ease of Paying Taxes Act), on the filing of tax returns and payment of taxes and other matters affecting the declaration of taxable income
RR No. 5-2024
April 11, 2024
Implements Sections 76(C), 112(C), 112(D), 204(C), 229, and 269(J) of the NIRC of 1997, as amended by Republic Act No. 11976 (Ease of Paying Taxes Act), on tax refunds
RR No. 6-2024
April 11, 2024
Implements Section 45 of Republic Act No. 11976 (Ease of Paying Taxes Act), on imposition of reduced interest and penalty rates for micro and small taxpayers
RR No. 7-2024
April 11, 2024
Implements Sections 113, 235, 236, 237, 238, 242, 243 of the NIRC of 1997, as amended by Republic Act No. 11976 (Ease of Paying Taxes Act), on the registration procedures and invoicing requirements
RR No. 8-2024
April 11, 2024
Implements Sections 21(b) of the NIRC of 1997, as amended by Republic Act No. 11976 (Ease of Paying Taxes Act), on the classification of taxpayers
REVENUE MEMORANDUM ORDERS (RMO)
RMO No. 14-2024
April 12, 2024
Creates Alphanumeric Tax Code (ATC) for Creditable Withholding Tax on Certain Income Payments by Joint Ventures/Consortiums
REVENUE MEMORANDUM CIRCULARS (RMC)
RMC No. 52-2024
April 8, 2024
Announces the availability of the BIR Electronic Tax Clearance System (eTCS) for taxpayer-applicants registered under Revenue Region No. 8A – Makati City as the pilot region
RMC No. 53-2024
April 11, 2024
Informs taxpayers on the availability of the revised BIR Registration Forms relative to the implementation of Republic Act No. 11976 (Ease of Paying Taxes Act)
Full Text | BIR Form 1901 | BIR Form 1903 | BIR Form 1904 | BIR Form 1906
REVENUE DELEGATION OF AUTHORITY ORDERS (RDAO)
RDAO No. 6-2024
April 11, 2024
Authorizes the OIC-Assistant Regional Director of RR No. 19 – Davao City to sign several documents specified in the Order in view of the approved leave of absence of RR No. 19’s Regional Director
TAX AND BUSINESS RELATED NEWS
BIR WEEKENDER BRIEFS
Volume No. 15 Issue No 14 Week ending April 5, 2024
Commissioner Romeo D. Lumagui, Jr., led the conduct of simultaneous raids on the warehouses of major vape distributors in Manila, Antipolo and Binangonan on March 27. Large Taxpayers Service ACIR Jethro Sabariaga, HREA Dondanon Galera, Excise LT Field Operations Division Chief Venus Gaticales and revenue officers assisted in the raids.
BIR surpasses collection target as February 2024 Collection grew by more than 24%
For the first two months of 2024, the Bureau of Internal Revenue (BIR), under the leadership of Commissioner Romeo D. Lumagui, Jr., was able to surpass its collection target of ₱ 445.535 Billion and increase its collection by more than 24%.
Lumagui: BIR raids large-scale illicit cigarette traders in 3 warehouses/factories in Cavite with P5.4 billion tax liability
Bureau of Internal Revenue Commissioner Romeo D. Lumagui Jr. reported the success of a large-scale BIR raid in 3 warehouses/factories in Indang and Dasmariñas, Cavite last March 21, 2024. The total tax liability computed after the raid reached an estimate of P 5.4 Billion, making the operation one of the largest BIR raids against illicit cigarettes.
Traders divert imported fish to evade VAT
(The Philippine Star / Jasper Emmmanuel Arcalas / April 6, 2024)
MANILA, Philippines — Unscrupulous fish importers are diverting frozen stocks of round scad (galunggong), bonito (tulingan) and mackerel (alumahan) to the wet markets to evade paying value added tax (VAT), the Department of Agriculture (DA) said yesterday. Agriculture Secretary Francisco Tiu Laurel Jr. said that some “crafty” importers sold some of their frozen imported fish inventory to the wet markets, where the sale of marine products is exempt from VAT.
Click the link below to read the full news from the source:
https://www.philstar.com/business/2024/04/06/2345572/traders-divert-imported-fish-evade-vat
The effect of new assessment in the Final Decision on Disputed Assessment
(Business World / Penelope Germaine D. Sernande / April 8, 2024)
In tax assessment, the Bureau of Internal Revenue (BIR) and the taxpayers will likewise protect and defend their duties and rights based on laws, rules and regulations, and jurisprudence. The BIR must ensure that taxpayers are declaring and paying the correct amount of taxes based on their valid examination of the books of account and collect payment, upon notice and demand, of any deficiency due to the government. Whereas the taxpayers need to exhaust all administrative remedies to challenge any alleged tax deficiency before seeking relief from the courts. Filing a protest to a Formal Letter of Demand (FLD) and Final Assessment Notice (FAN), which may either be a request for reconsideration or a request for reinvestigation, is among the administrative remedies available to taxpayers. The assessment then becomes a disputed assessment, and the Commissioner of Internal Revenue (CIR) or a duly authorized representative has a duty to resolve and decide on the disputed assessment. This decision is known as the “Final Decision on Disputed Assessment (FDDA).”
https://www.bworldonline.com/economy/2024/04/08/586815/the-effect-of-a-new-assessment-in-the-final-decision-on-disputed-assessment/
Pursue progressive tax reforms, government urged
(Business World / Kyle Aristophere T. Atienza / April 8, 2024)
THE MARCOS administration should find new sources of revenue and reconsider the bill that seeks to further lower taxes imposed on domestic and foreign companies, economists said. This as the government raised its budget deficit ceiling for the next five years to pursue flagship infrastructure projects.
Click the link below to read the full news from the source:
https://www.bworldonline.com/top-stories/2024/04/08/586488/pursue-progressive-tax-reforms-govt-urged/
Most-favored nation clause: Tax credit limitation clarified
(Business World / Maria Alyssa Mae A. Panis / April 10, 2024)
The Philippines has about 44 bilateral tax agreements to eliminate or mitigate double taxation of cross-border transactions involving certain types of income (e.g., service fees, dividends, interest, royalties). In eliminating double taxation, the 2017 Organisation for Economic Co-operation and Development (OECD) Commentaries on the Model Tax Convention on Income and on Capital provide two leading principles — the principle of exemption and the principle of credit. One of the oldest tax treaties we have is with the US, which grants US residents the lowest Philippine tax rate that may be imposed on a resident of a third State or what we call the “most-favored nation (MFN)” clause for royalty income. Further, the US allows a credit against the US tax equivalent to the taxes paid or accrued in the Philippines, provided that the tax credit does not exceed the limitations set by US law for the taxable year.
Click the link below to read the full news from the source:
https://www.bworldonline.com/economy/2024/04/10/587300/most-favored-nation-clause-tax-credit-limitation-clarified/
Sandiganbayan upholds ruling on case of former BIR officer
(Daily Tribune / Edjen Oliquino /April 11, 2024)
A former Bureau of Internal Revenue officer accused of extorting P610,000 and 10-hectare farmland from a local businessman has failed anew to convince the Sandiganbayan to have his corruption case dismissed. In a six-page resolution promulgated on 3 April, the anti-graft court Third Division denied BIR-Davao Region revenue officer Leo Gonzales’ motion for reconsideration due to lack of merit.
Click the link below to read the full news from the source:
https://tribune.net.ph/2024/04/11/sandiganbayan-upholds-ruling-on-case-of-former-bir-officer
Bulacan ask SC to reconsider October ruling on Angat dam water tax
(Republic of the Philippines PNA – Philippine News Agency / Benjamin Pulta / April 11, 2024)
MANILA The Bulacan provincial government on Thursday filed an appeal before the Supreme Court asking the tribunal to take a second look at its earlier ruling that precluded water from the Angat Dam as a natural resource subject to taxes, including a share for the province. “We most humbly and respectfully move for the reconsideration of the Decision of the Honorable Court en banc dated 03 October 2023 which ruled that appropriated dam water is not to be considered national wealth, and therefore, not subject to the national wealth tax,” Bulacan Gov. Daniel Fernando said in a statement after filing the motion for reconsideration.
Click the link below to read the full news from the source:
https://www.pna.gov.ph/articles/1222475
No extension: Tax filings to lift BIR collections to P406 billion in April
(The Philippine Star / Louise Maureen Simeon / April 12, 2024)
MANILA, Philippines The Bureau of Internal Revenue (BIR) is expecting to collect more than P400 billion this month, largely driven by the annual income tax return (ITR) filing which will not be extended beyond April 15. BIR Commissioner Romeo Lumagui said the deadline of filing and payment of the ITRs, which summarizes a taxpayer’s transactions last year, is still on April 15. “Our tax campaign started early in February. So that should be enough time for our taxpayers to be reminded of the tax filing on April 15,” Lumagui told The STAR.
Click the link below to read the full news from the source:
https://www.philstar.com/business/2024/04/12/2346977/no-extension-tax-filings-lift-bir-collections-p406-billion-april
Tax break for 2-wheeled EVs pushed
(The Philippine Star/April 12, 2024)
MANILA, Philippines — It is high time to bring the “green” to Philippine roads by expanding current tax breaks to include two-wheeled electric vehicles (EVs), a leading think tank said. “We commend the government’s issuance of Executive Order 12, which gives tariff incentives to importers of electric vehicles, but these have been limited to three- and four-wheeled units which only affluent Filipinos can afford,” said Dindo Manhit, president of The Stratbase Institute.
Click the link below to read the full news from the source:
https://www.philstar.com/business/2024/04/12/2346972/tax-break-2-wheeled-evs-pushed
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