Think Tax Updates

Know the latest issuances and updates from the DOF, BIR, SEC and the other government agencies

BIR

  • BIR Issuances – RMC 1-2024

    The BIR directed the National Government Agencies (NGAs) to discontinue the practice of using Electronic Tax Remittance Advice (eTRA) System for payment of penalties

  • BIR Issuances – RMC 2-2024

    The BIR circularizes its BIR Aspiration 2028 (formerly referred to as BIR Vision) as formulated during the BIR Strategic Planning Session held last November 23-24, 2023

  • BIR Issuances – RMC 3-2024

    The BIR circularized the Republic Act No. 11976, otherwise known as the “Ease of Paying Taxes Act” and the Veto Message of President Ferdinand R. Marcos, Jr.

  • BIR Issuances – RMC 4-2024

    The BIR circularizes the revised People’s Freedom of Information (FOI) Manual for the BIR and updated List of FOI receiving officers

  • BIR Issuances – RMC 5-2024

    The BIR further clarifies the proper tax treatment of cross-border services in light of the Supreme Court’s En Banc Decision in Aces Philippines Cellular Satellite Corp. vs. Commissioner of Internal Revenue, G.R. No. 226680, dated August 30, 2022.

  • BIR Issuances – RMC 6-2024

    The BIR publishes the full text of the Joint Administrative Order (JAO) No. 001-2023 Guidelines to implement Sections 305, 306, 307, and 308 of the National Internal Revenue Code of 1997, as amended by the Republic Act No. 11534, otherwise known as the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act for Cooperatives.

  • BIR Issuances – RMC 84-2023

    The BIR 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

  • BIR Issuances – RMC 8-2024

    The BIR clarifies the provisions of Revenue Regulations (RR) No. 16-2023 imposing Withholding Tax on Gross Remittances made by Electronic Marketplace Operators and Digital Financial Services Providers (DFSP) to Sellers/Merchants.

  • BIR Issuances – RMC 9-2024

    Announces the availability of the revised BIR Form No. 2200-M (Excise Tax Returns for Mineral Products) – January 2018 ENCS v2

  • BIR Issuances – RMC 10-2024

    The BIR announced the availability of Branch Account Enrollment Registration in the Online Registration and Update System (ORUS) for the Branches of the taxpayers.

  • BIR Issuances – RMC 11-2024

    The BIR clarifies the Tax Treatment of Lease Accounting by Lessees under Philippine Financial Reporting Standard 16 in Relation to Sections 34(A), 34(K), 106, 108, 179, 194 of the Tax Code, as Amended, Revenue Regulations (RR) No. 19-86, as Amended, and RR No. 02-98, as Amended.

  • BIR Issuances – RMC 12-2024

    The BIR clarifies the Tax Treatment of Foreign Currency Transactions for Financial Reporting and Internal Revenue Tax Purposes.

  • BIR Issuances – RR 1-2024

    The BIR further amended the implementation of Adjustment of the Selling Price Threshold of the Sale of House and Lot, and Other Residential Dwellings for Value-Added Tax Exemption

  • BIR Issuances – RMC 13-2024

    The BIR clarified and reconciled the differences between the recording and treatment of income and expenses relating to employee retirement benefits under the Philippine Financial Reporting Standards

  • BIR Issuances – RMC 14-2024

    The BIR ceased collecting the Payment of Annual Registration Fee Pursuant to Republic Act No. 11976, otherwise known as the “Ease of Paying Taxes Act”

  • BIR Issuances – RMC 15-2024

    The BIR announced the temporary use of BIR Form No. 0605 for the Remittance of Creditable Withholding Tax by Joint Ventures/Consortiums under Revenue Regulations No. 14-2023

  • BIR Issuances – RMC 17-2024

    The BIR published the Full Text of the November 29, 2023 Letter from the Food and Drug Administration (FDA) of the Department of Health (DOH) Endorsing Updates

  • BIR Issuances – RMC 18-2024

    The BIR announced the availability of BIR Form Nos. 1700 and 2000 in the Electronic Filing of Payment System (eFPS)

  • BIR Issuances – RMO 1-2024

    The BIR further amended the Revenue Memorandum Order No. 6-2023 prescribing the updated and consolidated policies, guidelines and procedures for BIR Audit Program.

  • BIR Issuances – RMO 2-2024

    The BIR amended the Customer Satisfaction Survey Form prescribed under Revenue Memorandum Order (RMO) No. 37-2023 issued on December 11, 2023

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FIRB

BIR

  • BIR Issuances – RR 12-2023

    The BIR implements Section 237 of the National Internal Revenue Code of 1997, as Amended, on the issuance of receipts or sales or commercial invoices by Agricultural Producers.

  • BIR Issuances – RR 11-2023

    The Use of Electronic Mail (E-Mail) and Electronic Signature as Additional Mode of Service of the Warrant of Garnishment Pursuant to Section 208 in Relation to Section 244 of the National Internal Revenue Code of 1997, as Amended

  • BIR Issuances – RR 10-2023

    Issues amendments on certain provisions of Revenue Regulations No. 6-2019, as amended, to implement the extension of extension of the period of availment of the EstateTax Amnesty

  • BIR Issuances – RMC 97-2023

    Releases tax compliance reminders to all candidates and other participants in any national or local elections, including Barangay or Sangguniang Kabataan (SK) Elections

  • BIR Issuances – RMC 92-2023

    Announces the availability of BIR Form No. 1621 (Quarterly Remittance Return on Tax Withheld on the Amount Withdrawn from the Decedent’s Deposit Account) in the Electronic Filing and Payment System (eFPS)

  • BIR Issuances – RMC 84-2023

    Announces the availability of the revised BIR Form No. 2200-M (Excise Tax Returns for Mineral Products) – January 2018 ENCS v2

  • BIR Issuances – RMC 105-2023

    The BIR provides Clarification and Guidance on the Affixture of Internal Revenue Stamps on Vapor Products Pursuant Section 9 of Revenue Regulations (RR) No. 18-2021 and Section 4 (H) of RR 14-2022

  • BIR Issuances – RMC 109-2023

    The BIR announces the Availability of the Taxpayer Registration-Related Applications (TRRA) Portal

  • BIR Issuances – RMC 112-2023

    The BIR clarifies the duty of the Food and Drug Administration (FDA) to determine classification of beverages pursuant to Sec. 150-B of the NIRC of 1997, as amended, and as implemented by Revenue Regulations (RR) No. 20-2018

  • BIR Issuances – RMC 114-2023

    The BIR announces the temporary suspension of the opening of Escrow Account pursuant to Revenue Memorandum Order (RMO) No. 29-2022

  • BIR Issuances – RMC 115-2023

    The BIR Classifies the Costs Associated on Franchises, Concessions, Licenses, Rights, Operations Agreements or similar arrangements Granted by the Government to Operate a Public Service, including Public Utility as an Administrative Cost instead of “Direct Cost of Services”

  • BIR Issuances – RMC 118-2023

    The BIR Circularizes the Updated List of Accredited Microfinance Non-Government Organizations (NGOs) as of September 2023

  • BIR Issuances – RMC 120-2023

    The BIR announces the Availability, Use and Acceptance of Digital Taxpayer identification Number (TIN) ID

  • BIR Issuances – RMC 121-2023

    The BIR announces the Updated Features and Functionalities of the Online Registration and Update System (ORUS)

  • BIR Issuances – RMC 122-2023

    The BIR announces the availability of the Offline Electronic Bureau of Internal Revenue Forms (eBIRForms) package Version 7.9.4.1.

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