Closer look at Top Withholding Agents (TWAs): Changes in Definition and Obligations

Tax regulations in the Philippines have undergone significant changes aimed at improving tax collection and ensuring tax compliance. One of these changes pertains to the number of top withholding agents…

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Suspension of All Audit and Other Field Operations of the Bureau of Internal Revenue effective December 16, 2022

Revenue Memorandum Order No. 55-2022, issued on December 15, 2022, states that all field audit and other field operations of the BIR are hereby suspended for the period of December…

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Lifting the Suspension of Tax Compliance Verification Drive covered by Mission Orders

August 3, 2022 REVENUE MEMORANDUM CIRCULAR NO. 115-2022 issued on July 28, 2022 lifts the suspension on the issuance of Mission Orders insofar as authorizing Revenue Officers to conduct Tax…

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RR 9-2022 Prescribes the policies and guidelines for the admissibility of sales documents in electronic format

July 5, 2022 REVENUE REGULATIONS NO. 9-2022 issued on June 30, 2022 prescribes the policies and guidelines for the admissibility of sales documents in electronic format in relation to the…

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RR 8-2022 Prescribes the requirements on the issuance of electronic receipts/invoices (or e-Receipts/eInvoices) in lieu of the manual receipts or sales/commercial invoices and on the electronic reporting of these sales data to the BIR.

July 5, 2022 REVENUE REGULATIONS NO. 8-2022 issued on June 30, 2022 prescribes the policies and guidelines for the implementation of Sections 237 and 237-A of the National Internal Revenue…

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Prescribes additional guidelines for implementing the tax provisions of the Personal Equity and Retirement Account (PERA) Act of 2008

May 21, 2022 REVENUE REGULATIONS NO. 2-2022 issued on April 5, 2022 prescribes additional guidelines for implementing the tax provisions of the Personal Equity and Retirement Account (PERA) Act of…

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