Bureau of Internal Revenue Issuances
REVENUE REGULATIONS
RR No. 13-2025
March 31, 2025
Consolidated provisions to simplify and streamline the procedures and requirements relative to the availment of the tax exemptions and incentives granted to the participating private entities under RA No. 8525 (Adopt-a-School Act of 1998), RA No. 12063 (Enterprise-Based Education and Training (EBET) Framework Act), and the Tax Code.
(Date Posted: April 2, 2025)
REVENUE MEMORANDUM CIRCULAR
RMC No. 24-2025
April 3, 2025
Publishing the full text of RA No. 12009 entitled “An Act Revising RA No. 9184, otherwise known as the “Government Procurement Reform Act”, and for Other Purposes” and the implementing Rules and Regulations of RA No. 12009 or the New Government Procurement Act .
Full Text | RA No. 12009 | IRR
RMC No. 25-2025
April 4, 2025
Publishing the full text of the February 24, 2025 Letter from the Food and Drug Administration (FDA) of the Department of Health (DOH) endorsing updates to the list of VAT-Exempt Products under RA No. 10963 (TRAIN Law) and RA No. 11534 (CREATE Act).
RMC No. 26-2025
April 4, 2025
Missing original copy of unused/unissued BIR Form No. 2313-R – Electronic Certificate Authorizing Registration for Transaction Involving Transfer of Real Properties.
RMC No. 27-2025
April 4, 2025
Lost two (2) pads of unused/unissued BIR Form No. 0423 – Apprehension Slip.
REVENUE DELEGATION OF AUTHORITY ORDERS
RDAO No. 17-2025
April 2, 2025
Delegates to the Legal Division Chief of RR 3-Tuguegarao City the authority to sign documents specified in the Order in view of the approved leave of RR 3’s OIC-Assistant Regional Director.
RDAO No. 18-2025
April 4, 2025
Delegates to the HREA of the Information Systems Development and Operations Service the authority to sign documents in response to the requests of the Office of the Ombudsman.
ADVISORIES
2024 Annual Income Tax filing your return Due on or before April 15, 2025.
Reminders
Payment Channels
These channels, according to Lumagui, include authorized agent banks, revenue collection officers, and various electronics platforms like Maya, GCash and MYEG, among others. To support the BIR this tax filling season, authorized agent banks will open on April 5 and April 12, both Saturday, and extend banking hours until 5pm form April 1 to April 15 to accommodate tax payments.
Advisory on the schedule of Online Registration and Update System (ORUS) availability.
Click the link below to read the full news from the source:https://bir-cdn.bir.gov.ph/BIR/pdf/ORUS%20ADVISORY%20-%20MARCH%2021%202025%20(1).pdf
DRAFT IMPLEMENTING RULES AND REGULATIONS (IRR) | Department of Finance
The Department of Finance invites stakeholders to a Public Consultation on the Draft Implementing Rules and Regulations of Republic Act No. 12079, otherwise known as “An Act Creating a VAT Refund Mechanism for Non-Resident Tourists, Adding a New Section 112-A to the National Internal Revenue Code of 1997, As Amended, For The Purpose.”, on 17 March 2025, 1:00 PM – 4:00 PM via Zoom.
Interested participants may register via this link:
https://bir-gov-ph.zoom.us/meeting/register/j5Rtidr5S4y1qStWCBSDHw
The Draft Implementing Rules and Regulations may be accessed at:
Stakeholders may submit their official position papers via e-mail at esiriban@dof.gov.ph as the e-mail subject, please use:
“[COMMENT ON DRAFT VAT REFUND FOR TOURIST IRR]”
NOTE:
* Only registered attendees will be accommodated.
* Meeting link to be sent to confirmed attendees.
Proposed Revenue Regulations to Implement Republic Act 12066, Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act. - Implementing the Amendments to Sections 27, 28, and 34 of the National Internal Revenue Code of 1997, as Amended by Republic Act No. 12066 or the “Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy”
Click the link below to read the full news from the source:
https://bir-cdn.bir.gov.ph/BIR/pdf/CREATEMORE%20Draft%20RR.pdf
REPUBLIC ACT No. 12023 – VAT on Digital Services
Official Gazette / October 2, 2024
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.
TAX LAW
REPUBLIC ACT No. 12023 – VAT on Digital Services
Official Gazette / October 2, 2024
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
REPUBLIC ACT No. 12066 – CREATE MORE
Official Gazette / November 13, 2024
AN ACT AMENDING SECTIONS 27, 28, 32, 34, 57, 106, 108, 109, 112, 135, 237, 237-A, 269, 292, 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, AND FOR OTHER PURPOSES
REPUBLIC ACT No. 12079 – A VAT Refund for Non- Resident Tourists
Official Gazette / December 9, 2024
AN ACT CREATING A VAT REFUND MECHANISM FOR NON-RESIDENT TOURISTS, ADDING A NEW SECTION 112-A TO THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED, FOR THE PURPOSE
FIRB ISSUANCE
FISCAL INCENTIVES REVIEW BOARD
Official website: https://firb.gov.ph/
FIRB Advisory 001-2025
February 20, 2025
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: All Investment Promotion Agencies (IPAs), Other Government Agencies Administering Tax Incentives, Revenue Collecting Agencies, Registered Business Enterprises (RBEs) and Other Registered Entities, and All Other Key Stakeholders
This Advisory circularizes the IRR of Title XII of RA No. 8424 (NIRC of 1997), as amended by RA No. 12066 or the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act.
The IRR is issued in accordance with Section 32 of RA No. 12066, which mandates the Secretary of Finance and the Secretary of Trade and Industry to jointly promulgate the necessary rules and regulations for Title XII of the National Internal Revenue Code (NIRC) of 1997 within ninety (90) days form law’s effectivity
The CREATE MORE IRR was signed on February 17, 2025. Pursuant to Rule 25, Section 4 thereof, the IRR took effect on 20 February 2025 upon its publication in the Philippine STAR.
https://firb.gov.ph/download/firb-advisory-001-2025/
wpdmdl=4338&refresh=67b817f0c55c71740118000
FIRB Advisory No. 007-2024 – December 17, 2024
Interim Implementing Rules and Regulations (IRR) on the Availment of Incentives and Transfer of Registration as Provided Under Republic Act No. 12066
https://firb.gov.ph/download/firb-advisory-no-007-2024/?wpdmdl=4135&refresh=6776528c473f11735807628
The Fiscal Incentives Review Board, or FIRB, is the interagency government body given the authority by the Philippine law to grant tax incentives to registered business enterprises. The FIRB has delegated to the country’s investment promotion agencies the grant of tax incentives for registered projects or activities with investment capital of one billion pesos (P1,000,000,000) and below. The FIRB also grants tax subsidies to government-owned and -controlled corporations (GOCCs).
WHAT ARE THE TAX INCENTIVES AVAILABLE?
WHAT ARE THE TAX INCENTIVES AVAILABLE?
- 4 to 7 years of income tax holiday (ITH)
- 10 years of special corporate income tax (SCIT) for export enterprises
- Enhanced deductions
- Customs duty exemption on importation
- Value-added tax (VAT) exemption on importation and VAT zero-rating on local purchases
TAX AND BUSINESS RELATED NEWS
BIR WEEKENDER BRIEFS
Volume No. 16 Issue No 13 Week ending March 28, 2025 – (BIR Website)
BIR district offices temporarily closed business establishments on March 20 and 25.
Click the link below to read the full news from the source:https://bir-cdn.bir.gov.ph/BIR/pdf/v16n13_highres_compressed.pdf
Ginebra wins P66-M tax case
Business World / chloe Mari A. Hufana / March 30, 2025
THE Court of Tax Appeals (CTA) ruled in favor of Ginebra San Miguel, Inc. (GSMI), which claimed it was “erroneously and illegally” charged P66.38 million in excise tax. GSMI sought P66.38 million in tax refund, paid for the period starting Jan. 23, 2020, to Feb. 9, 2020. This amount reflects the excess of the basic excise tax computed using the new rates, under Republic Act 11467. The said law increased the excise tax on distilled spirits to P42 per liter from P24.34.
Click the link below to read the full news from the source:https://www.bworldonline.com/the-nation/2025/03/30/662698/ginebra-wins-p66-m-tax-case/
VAT refund for tourists to boost retail industry’
The Philippines Star / Louella Desiderio / March 30, 2025 – MANILA, Philippines
The retail industry is expecting to see a revenue boost following the signing of rules to implement the value-added tax (VAT) refund for foreign tourists. “This will encourage more tourist spending, which means more revenue for local stores, more jobs for Filipinos and more growth for our economy, especially our local artisans and businesses,” Special Assistant to the President for Investment and Economic Affairs Frederick Go said. Go said Filipinos traveling abroad have experienced the VAT refund process in other countries and the signing of the rules would now make the system a reality in the Philippines. Finance Secretary Ralph Recto, Bureau of Customs Commissioner Bienvenido Rubio and Bureau of Internal Revenue deputy commissioner Marissa Cabreros recently signed the implementing rules and regulations (IRR) for Republic Act 12079 or the VAT Refund for Non-Resident Tourists Act.
Click the link below to read the full news from the source:https://www.philstar.com/business/2025/03/30/2432017/vat-refund-tourists-boost-retail-industry
Makati City lowers tax rates for real property
Business World/Aubrey Rose A. Inosante/ March 31, 2025
MAKATI Mayor Marlen Abigail Binay-Campos approved an ordinance lowering real property tax (RPT) rates in the city. In a statement on Monday, Makati said Ms. Binay-Campos signed City Ordinance No. 2025-047 on March 24, which has an effectivity date of Jan. 1. The ordinance amends the Revised Makati Revenue Code or City Ordinance No. 2004-A-025, which deals with basic real property tax and assessment levels. For land, rates of levy for residential property is now at 1% from 1.5%, commercial property at 1.5% from 2%, industrial property at 1.5% from 2% and special property at 0.5% from 1.5%. Meanwhile, real property tax rates for buildings, machinery, and other improvements were left unchanged for residential (1.5%), commercial (2%), industrial (2%), and special (0.5%) categories.
Click the link below to read the full news from the source:https://www.bworldonline.com/economy/2025/03/31/663023/makati-city-lowers-tax-rates-for-real-property/
Vape tax not deterring users- House think tank
Business World / Kenneth Christiane L. Basilio / March 31, 2025
LEGISLATORS may need to reassess tax rates on vapes and other e-cigarette products, which are rising in popularity due to their low cost, according to a House of Representatives think-tank. The Congressional Policy and Budget Research Department (CPBRD) said, however, that higher tax rates could spur the growth of an illicit vape market. More consumers in the Philippines were aware and were using vape and e-cigarette products in 2021 than in 2015 despite the signing of Republic Act No. 11346, which hiked excise tax rates on smoking products, the CPBRD said, citing the Global Adult Tobacco Survey.
Click the link below to read the full news from the source:https://www.bworldonline.com/economy/2025/03/31/663014/vape-tax-not-deterring-users-house-think-tank/
New VAT rules for local sales of RBEs ‘Let’s Talk Tax’
Business World / Clarita C. Afaga / March 31, 2025
With the components Comprehensive Tax Reform Package (CTRP) gradually unfolding, it can be overwhelming for taxpayers to note the changes directly affecting them. With the signing of the CREATE MORE Act (Republic Act No. 12066), the country moves closer to becoming more competitive by enhancing tax incentives to attract investors. This law aims to expand fiscal incentives, promote ease of doing business, strengthen investment regulations, support regional development, and clarify transitory rules for Registered Business Enterprises (RBEs). These measures position the country as a more attractive investment destination. Under CREATE MORE, local sales of goods and/or services by an RBE, regardless of the income tax incentives regime and location, are subject to 12% VAT, unless otherwise exempt or zero-rated under the Tax Code. As further defined in the CREATE MORE Act, “local sales” cover sales of goods and services to domestic market enterprises (DMEs) or non-RBEs, regardless of whether the sale occurs within the freeport or economic zones. The highlight of this amendment is the shift of the liability to the buyers in the filing and remittance of the VAT on local sales. While the effects of this change are yet to be determined, the BIR initially laid out the manner in which this shift will be implemented. To simplify matters, the transactions will first be classified into two (2): 1. Business-to-Business (B2B) transactions — transactions to natural or juridical persons engaged in business located in the Philippines; otherwise,
2. Business-to-Consumer (B2C) transactions.
VAT RULES FOR LOCAL SALES OF RBEs
1. B2B Transactions
In filing the quarterly VAT returns, non-VAT registered RBEs are not required to file as compared to VAT-registered RBEs and RBEs with mixed activities, which must declare all B2B local sales supported by BIR Form 2307 or BIR Form 0605 issued by their buyers. Further, non-VAT registered RBEs must only submit the summary list of local sales on a quarterly basis, while VAT-registered RBEs are to continue the regular submission of the same as per existing revenue rules and regulations.
2. B2C Transactions
Since the buyer in a B2C transaction is typically an individual or non-business entity, it is not practical to shift VAT liability to them. Therefore, the RBE seller remains responsible for VAT compliance.
INVOICING REQUIREMENTS
On the invoicing of RBE-seller to the buyer, the invoice should contain a separate line item for the VAT, labeled as “VAT on Local Sales.” Since the buyer in a B2B transaction will file and pay the corresponding VAT, the RBE seller will only receive the purchase price. However, the buyer in a B2C transaction should remit the full amount to the seller.
CLAIMING OF INPUT VAT BY VAT-REGISTERED BUYERS
Following the changes in the discussion above, the BIR provides the necessary documents for VAT-registered buyers claiming the input tax on their purchases:
a. Sales invoice issued by the RBE seller showing the amount of VAT on local sales; and
b. Copy of the corresponding duly filed BIR Form 1600-VT or BIR Form 2307, whichever is applicable.
Meanwhile, VAT paid by non-VAT-registered buyers for their purchases must be expensed outright
Click the link below to read the full news from the source:
https://www.bworldonline.com/economy/2025/03/31/663074/new-vat-rules-for-local-sales-of-rbes/
Inflation could have hit 1.7-2.5% in March – BSP
The Manila Times / Nina Myka Pauline Arceo / April 1, 2025
INFLATION could have fallen to a near five-year low in March, the Bangko Sentral ng Pilipinas (BSP) said on Monday, following lower prices of key food items, particularly rice, as well as a stronger peso. Ahead of the Philippine Statistics Authority’s release of data for the month this Friday, the BSP said that consumer price growth would likely be in the 1.7- to 2.5-percent range — an even spread from February’s 2.1-percent result.
Click the link below to read the full news from the source:https://www.manilatimes.net/2025/04/01/business/top-business/inflation-could-have-hit-17-25-in-march-bsp/2083440
BIR, BOC flagged over low conviction rates for tobacco smuggling
Philstar.com / Jean Mangaluz / April 2, 2025 – MANILA, Philippines
Sen. Sherwin Gatchalian expressed alarm over the Bureau of Customs’ low conviction rate for tobacco smuggling cases, with only two out of 1,295 seizures reaching a court decision since 2018. In a Senate Committee on Ways and Means hearing on Wednesday, April 2, Gatchalian bared the disparity between the bureau’s seizure numbers and its case conviction rates. From 2018 to 2025, the BOC conducted 1,296 seizures of illegal tobacco products. Of these, only 64 cases were filed, with just 14 currently pending before the Office of the Prosecutor. Only eight cases were filed before the courts, and only two resulted in decisions. BOC Assistant Commissioner Vincent Philip Maronilla acknowledged the data but said further validation was needed. He explained that the agency has performed entrapment operations but no one would claim ownership of the intercepted packages.
Click the link below to read the full news from the source:https://www.philstar.com/headlines/2025/04/02/2432952/bir-boc-flagged-over-low-conviction-rates-tobacco-smuggling
Iloilo City grants tax incentives for BPO developers
Philippine News Agency / Perla Lena / April 2, 2025 – ILOILO CITY
The Sangguniang Panlungsod has passed an ordinance granting real property tax incentives to developers constructing buildings exclusively for business process outsourcing (BPO) operations in Iloilo City. “This aims to encourage more investments and employment opportunities, particularly in the BPO industry, which shall further boost Iloilo City economy,” Councilor Jose Maria Miguel Treñas, the ordinance principal author, said during their regular session on Wednesday. “This ordinance grants relief from surcharge and interests of local tax for the transfer of real property ownership aligning with the estate tax amnesty program under Republic Act 11956,” he said.
Click the link below to read the full news from the source:https://www.pna.gov.ph/articles/1247317
PEZA investment pledges surge 249% in Q1 2025
Philippine News Agency / Kris Crismundo / April 2, 2025 – MANILA
Investment pledges in the Philippine Economic Zone Authority from January to March 2025 hit PHP58.95 billion, 249 percent higher than the PHP13.95 billion project registrations in the same period in 2024. PEZA reported Wednesday that the pledges came from 66 projects that registered with the investment promotion agency (IPA) in the first quarter of the year. Ecozone development and domestic enterprises got seven projects each, while utilities and facilities activities registered two projects each. A big chunk of PEZA-approved investment in Q1 2025 are for Calabarzon (32 projects), followed by National Capital Region (12), Central Luzon (eight), Central Visayas (eight), Davao Region (two), Ilocos Region (two), Northern Mindanao (one), and Western Visayas (one).
Click the link below to read the full news from the source:https://www.pna.gov.ph/articles/1247286
SC justice: Sin tax funds must go to PhilHealth, universal healthcare as mandated by law
Philstar.com / Dominique Nicole Flores / April 2, 2025 – MANILA, Philippines
Supreme Court Associate Justice Alfredo Benjamin Caguioa stressed that sin tax laws, which fund the Philippine Health Insurance Corp. (PhilHealth), and the Universal Health Care Act (UHCA), require funds to be appropriated to the state insurer. This argument stems from deliberations over the petitions filed before the Supreme Court questioning Congress’ decision to grant PhilHealth zero government subsidy due to its accumulated excess reserve fund. During the Supreme Court’s oral arguments on the PhilHealth fund transfer issue on Wednesday, April 2, Caguioa challenged Solicitor General Menardo Guevarra’s claim that Congress has the discretion to decide how much should be allocated to PhilHealth. Caguioa also detailed provisions in the sin tax laws mandating the allocation of excise tax revenue to PhilHealth. These are Republic Acts 9334, 10351,11346 and 11467. He noted that four of these laws specify that the tax must be remitted to PhilHealth “for the purpose of” achieving universal healthcare coverage, while three others state that the funds “shall be allocated” and/or “used exclusively” for the state insurer or universal healthcare.
Click the link below to read the full news from the source:https://www.philstar.com/headlines/2025/04/02/2432998/sc-justice-sin-tax-funds-must-go-philhealth-universal-healthcare-mandated-law
Recto: PH economy remains relatively resilient amid global trade shifts, gov’t to leverage CREATE MORE to attract more investors
Department of Finance / April 3, 2025
Finance Secretary Ralph G. Recto has underscored that the Philippine economy remains relatively resilient amid global trade shifts, with the government leveraging the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act to attract more investors to locate in the country. “The Philippine economy is primarily driven by domestic demand rather than exports. This makes us relatively resilient against trade wars. However, as with all countries, we are not spared from the impact of the expected decline in international trade and possible slowdown of global growth due to supply chain disruptions, higher interest rates, and higher inflation,” the Finance Chief said. “Nevertheless, the CREATE MORE Act will strengthen our ability to attract investors looking to expand or relocate to the Philippines, given the relatively lower tariffs imposed on our exports to the United States (US). We are also actively pursuing more free trade agreements with our global partners,” he added. Compared to its ASEAN neighbors, Philippine exports to the US will be subjected to a lower tariff of 17%. The US has imposed higher tariffs on Vietnam (46%), Thailand (36%), Indonesia (32%), Malaysia (24%), and Cambodia (49%). Despite this, the government sees opportunities arising from global trade development.
Click the link below to raed the full news from the source:https://www.dof.gov.ph/recto-ph-economy-remains-relatively-resilient-amid-global-trade-shifts-govt-to-leverage-create-more-to-attract-more-investors/
The secrecy of bank deposits in the context of taxation
The Manila Times / Lew Earvin Manarin / April 3, 2025
THE Secrecy of Bank Deposits Act (Republic Act 1405), often referred to as the Bank Secrecy Act, protects the confidentiality of bank deposit information, ensuring that individuals and businesses can conduct transactions without fear of unauthorized disclosure. The law prohibits the release of deposit details without the depositor’s consent, safeguarding both personal and corporate financial privacy. A key feature of the law is privacy protection. It prevents unauthorized access to bank records, ensuring that individuals and businesses are not subjected to unwarranted scrutiny. In tax matters, the Bureau of Internal Revenue (BIR) cannot access taxpayer records without clear legal grounds. Access is only permitted through a court order, ensuring that any breach of financial privacy is legally justified. This balance protects both financial transparency and the taxpayer’s right to privacy. Although the Secrecy of Bank Deposits Act protects financial privacy, it recognizes certain exceptions where disclosure of bank deposit information is permissible. These exceptions are narrowly defined to balance privacy with the need for financial transparency in specific circumstances.
Click the link below to read the full news from the source:https://www.manilatimes.net/2025/04/03/business/top-business/the-secrecy-of-bank-deposits-in-the-context-of-taxation/2085360
CREATE MORE roadshow makes 1st int’l stop in Seoul
Philippine News Agency / Kris Crismundo / April 3, 2025 – MANILA
The Board of Investments (BOI), the country’s top investment promotion agency, will lead the first stop of the international roadshow for Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) in Seoul, South Korea on April 7. The BOI announced on Thursday that the Philippine Business Forum next week at the Grand Hall of the Korea Chamber of Commerce and Industry in Seoul is part of the overseas investment promotion of the Philippine government to attract foreign investors into the country following the signing of the CREATE MORE implementing rules and regulations on Feb. 17. The forum will gather top government officials, industry leaders, and stakeholders from the Philippines and South Korea to explore investment opportunities in the country in the sectors of electronics and semiconductors, clean energy, electric vehicle and critical mineral processing, high-tech agriculture, and logistics.
Click the link below to read the full news from the source:https://www.pna.gov.ph/articles/1247436
DOJ sues cosmetics firm for tax evasion
Philippine News Agency / Benjamin Pulta / April 4, 2025 – MANILA
The Department of Justice (DOJ) on Friday said it filed a tax evasion case against officials of a local cosmetics manufacturer. In a news release, Justice Secretary Jesus Crispin Remulla said four criminal information were filed against Ever Bilena Cosmetics Inc. and its president, Dioceldo Sy, and treasurer, Miami Siytaoco, before the Quezon City Metropolitan Trial Court Branch 33 for tax evasion and failure to supply correct and accurate information in its tax returns. The cases are in relation to the Bureau of Internal Revenue’s (BIR) intensified Run After Fake Transaction (RAFT) Program involving fake/fictitious receipts. Based on the Investigation of the RAFT Task Force, Ever Bilena used and claimed benefits from the ghost receipts issued by Decarich Supertrade Inc., a ghost company.
Click the link below to read the full news from the source:https://www.pna.gov.ph/articles/1247471
New law makes tax payments easier thru digital systems
Philippine News Agency / Leonel Abasola / April 4, 2025- MANILA
Senator Sherwin Gatchalian expects higher compliance of taxpayers and increased revenues for the government as the government continues to modernize tax administration. This, as Republic Act (RA) No. 11976 or the Ease of Paying Taxes Act was signed into law in January. “The availability of digital channels for filing income tax returns and tax payments makes it a lot easier for taxpayers to comply with their tax commitments. This means they can file and pay anytime and anywhere they want,” Gatchalian, the law’s main author and chairperson of the Senate Committee on Ways and Means, said in a statement Friday. Under RA 11976, taxpayers are classified into micro, small, medium and large, with special concessions for micro and small taxpayers. It authorizes electronic or manual filing of returns and payment of taxes to the Bureau of Internal Revenue (BIR) or through any authorized agent bank or authorized tax software provider.
Click the link below to read the full news from the source:https://www.pna.gov.ph/articles/1247458
Download File:
