Reyes Tacandong & Co. - Must Read

Think Tax Recapadmin2024-04-11T15:26:24+08:00

The Tax Tweets is now RT ThinkTax! This is our official monthly publication which highlights select and significant issuances and advisories of various government agencies including the BIR, SEC, BOC, FIRB, PEZA, and other regulatory bodies.

April 2024 RT ThinkTax Issue

BIR Issuances

Guidelines in the Filing of Annual Income Tax Returns (AITR) and Payment of Taxes Due Thereon for Calendar Year 2023
Obligation of Authorized Agent Banks (AABs) on the acceptance of Internal Revenue Taxes for the period April 1-15, 2024
Acceptance of Tax Returns/Payment Forms by Authorized Agent Banks in Compliance with Republic Act No. 11976 or the Ease of Paying Taxes Act
Announces the availability of BIR Form No. 1701 in eFPS
Advises all employers that the BIR does not require newly hired employees to verify their Tax Identification Number (TIN) and get a TIN Verification Slip from the Revenue District Offices (RDOs)
Announces the availability of additional functionalities of the Contact Center Solution and Chatbot Revie
Policies and guidelines for brand registration and the submission of packaging labels and product composition/formulation sheet as an additional requirement for proper tax classification of Vapor Products pursuant to Section 4 (C) of Revenue Regulations No. 14-2022
New and upgraded Internal Revenue Stamp design for cigarettes, heated tobacco products, and vapor products
Publishes the updated list of registered manufacturers/importers/exporters of cigarettes, heated tobacco products, vapor products and novel tobacco products with the corresponding product brands/variants and integration of the requirements for compliance purposes
Clarifies the manner of computing the Minimum Corporate Income Tax (MCIT) for Taxable Year 2023
Announces the availability of TIN inquiry through electronic mail
Clarifies the issues raised on RMC 5-2024
Prescribes the policies and procedures in the proper manner of accomplishing the new version of the Monthly Documentary Stamp Tax (DST) Declaration/Return (BIR Form No. 2000 version 2018)
Creates Alphanumeric Tax Code (ATC) for Final Withholding Tax on Gross Income Earned by Foreign Nationals Employed and Assigned in the Philippines by Offshore Gaming Licensee

SEC Issuances

FIRB Issuances

Increasing the investment capital threshold for projects delegated to the Investment Promotion Agencies under the CREATE Act

March 2024 RT ThinkTax Issue

BIR Issuances

August 2023 RT ThinkTax Issue

BIR Issuances

SEC ISSUANCES

PEZA ISSUANCES

Payment of fees a mandatory requirement for all PEZA applications

BOI ISSUANCES

Duty Exemption/VAT and Customs Duty Exemption on Importation of Capital Equipment, Raw Materials and Spare Parts or Accessories

July 2023 RT ThinkTax Issue

BIR Issuances

SEC ISSUANCES

June 2023 RT ThinkTax Issue

BIR Issuances

SEC ISSUANCES

Guidelines on the Application for Allocation of Securities Identifiers for Financial Instruments

FIRB ISSUANCES

BOC ISSUANCES

Guidelines on the issuance of Proof of Origin, granting of Preferential Tariff Treatment, and verification procedures under the Regional Comprehensive Economic (RCEP) Agreement

April 2023 RT ThinkTax Issue

BIR Issuances

SEC ISSUANCES

BOC ISSUANCES

Guidelines on the Operation of the Bureau of Customs Customer Assistance and Response Services (BOC-CARES) Unit

FIRB ISSUANCES

PEZA ISSUANCES

Submit RFP

Send your request for a proposal of services here.

Leadership

Get to know the RT&Co leaders, the driving force of our firm.

Discover Leadership

Careers @ RTCo

Discover why RT&Co attracts the best people in the country.