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The Senate has given its approval to Senate Bill (SB) 2219, granting a two-year extension to the estate tax amnesty period until June 14, 2025. The decision was made in response to the concerns of taxpayers who were unable to utilize the initial extension due to the pandemic. According to
The Senate has given its approval to Senate Bill (SB) 2219, granting a two-year extension to the estate tax amnesty period until June 14, 2025.
The Bureau of Internal Revenue (BIR) has invalidated the accreditation of an accountant who was involved in a syndicate specializing in fake receipts. Commissioner Romeo
The House of Representatives Committee on Ways and Means in the Philippines has recently given its approval to a bill that extends the amnesty for
Although the Department of Health has released a lot of campaign information on breastfeeding, many new moms opt to bottle feed. Researchers who underscored the
Commissioner Romeo D. Lamagui Jr of the BIR (Bureau of Internal Revenue) is currently waging a war against users of ghost receipts as this method
The Presidential Communications Office (PCO) announced last January 29 that President Ferdinand Marcos Jr green-lighted a new Value Added Tax (VAT) program for tourists. The
Listen up, single parents! Those who parent their child alone can look forward to the implementation of the much-awaited Expanded Solo Parents Welfare Act. Specifically,
If you work on employees’ payroll, year-end and the start of the year could be a busy time for you because you have to prepare
Because it’s the New Year, there are updates in taxation that taxpayers must take note of to prevent mistakes and avoid costly penalties. The new
Attention NonResident digital services providers. The House already approved the 2nd reading of House Bill 4122 which is set to impose a 12% VAT charge on all your online transactions.
The BIR updated rules on e-receipts and invoices, with some businesses, mandated to issue them exclusively. Expert accounting services can help you transition.
President Ferdinand “Bongbong” Marcos Jr. is seeking to impose value-added tax (VAT) on digital service providers to boost government revenues. In his first State
The country’s astronomical debts have put pressure on the Department of Finance, resulting in a proposition to reduce tax exemptions like deductibles while expanding the
Now that business processing outsourcing (BPO) firms have 100% return-to-onsite work orders, the Bureau of Internal Revenue (BIR) has formed a task force to check
Retail and service businesses with no more than 10 workers can now apply for exemption from paying the new minimum wage rate in Metro Manila
On August 16, 2021, the Bureau of Internal Revenue (BIR) issued RMC No. 97-2021 or the Taxation of Any Income Received by Social Media Influencers.
The CREATE Bill has now been finally signed into law. After numerous revisions and heated debates in the Senate and House of Representatives, The Corporate
With the implementation of the Bayanihan to Recover as One Act, taxpayers will enjoy various exemptions under the law, including relief for businesses incurring losses
The Bureau of Internal Revenue recently released its latest Revenue Regulation-21-2020, which promotes the promulgation of the VAPP (Voluntary Assessment and Payment Program) for the taxable
As a business owner, you must be concerned about paying the right taxes on the proper deadlines to avoid hefty penalties. However, no matter how
