On this day three years ago, 23 February 2019, Republic Act No. 11232, otherwise known as the Revised Corporation Code of the Philippines, came into effect. The Revised Corporation Code…
Here are FAQs that are now clarified by the BIR A1: A taxpayer is required to file an RPT Form if the following conditions are present: It is required to…
Based on the existing tax rules and regulations, a taxpayer is required to submit a copy of electronically filed ITR with Filing Reference Number (FRN) thru eFPS facility or…
As the continuing effect of COVID 19, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) 29-2021 to provide policies and guidelines for the use of e-Signature on…
The deadline for the submission of email address and mobile phone number is extended by SEC to February 22, 2021 without penalty.However, corporations, associations and partnership with certificate of registration…
Stay at Home, Minimize Contact, Social Distancing and Skeleton work force is the result of the COVID19 pandemic. These changed how people we interact with one another and how we…
As a general principle under the Philippines Tax Code, a) Filipino citizen or corporation income earned within and outside of the Philippines; or b) foreign citizen or corporation income within…
TAX & BUSINESS UPDATES OF PHILIPPINE CONSULTING CENTER INC. Bureau of Internal Revenues Latest Issuances Filing of Various Returns and Payment Revenue Memoradum Circular No. 79-2020 All concerned taxpayers duly registered…
The global health crisis that has had major cities worldwide on lockdown. Businesses closed down. Employees were laid off. But there were the fortunate ones who were able to work…