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2012 Top 500 Individual Taxpayers Released by the BIR

Yesterday, October 14, 2013, the Bureau of Internal Revenue (BIR) released the list of top 500 individual taxpayers.  The list was ...
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Obligations of Hopitals, Clinics, HMOs to Withhold Taxes from Medical Practitioners

Medicine is one of the professions where Bureau of Internal Revenue (BIR) look at when it comes to tax non-compliance.  We are not ...
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Makati RTC declares invalid RMC 65-2012 subjecting condominium corporation to VAT and income tax

A decision issued by the Makati Regional Trial Court (RTC) dated September 5, 2013 declaring Revenue Memorandum Circular (RMC) No. ...
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RMC No. 57-2013: Recovery of unutilized creditable input taxes attributable to VAT zero-rated sales

For some reasons, a taxpayer may have excess input VAT at the end of any taxable quarter.  The question is, how are these excess input ...
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RMC 55-2013: Tax Rules and Obligations on Online Business Transactions

Many of us buy and sell goods, virtual goods and services using a virtual marketplace called the Internet.  More and more transactions ...
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RMC 53-2013: Clarifying the Taxability of Donations given to Homeowners’ Association of Subdivisions and Villages

Clarifying the Taxability of Donations given to Homeowners’ Association of Subdivisions and Villages The Bureau of Internal Revenue, ...
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RMC 52-2013: Clarifying the Validity of Unused/Unissued Principal and Supplementary Receipts/Invoices Printed Prior to January 18, 2013

On August 13, 2013, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 52-2013,  for another clarification ...
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RR 12-2013: Requirements for deductibility of certain income payments (expenses)

As most of us maybe aware of, the Bureau of Internal Revenue (BIR) has required related withholding tax to be paid as a condition to ...
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RR 11-2013: Submission of the Certificate of Compensation Payment/Tax Withheld (BIR Form 2316) for Employees Qualifying Substituted Filing

On May 20, 2013, the Bureau of Internal Revenue issued Revenue Regulation (RR) 11-2013 entitledFiling/Submission of Hard Copy of the ...
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RMC 44-2013: Extension of Validity of Unused/Unissued Principal and Supplementary Receipts and Invoices

Extension of Validility of Receipts/Invoices UPDATE: On August 13, 2013, the Bureau of Internal Revenue issued Revenue Memorandum ...
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RR No. 6-2013: Fair Market Value of Shares not Traded through A Local Stock Exchange

The Bureau of Internal Revenue (BIR) has recently issued Revenue Regulations (RR) No. 6-2013 which prescribes the determination of ...
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BIR 2013 Schedule of Filing Annual Financial Statements for Large Taxpayers

For all large taxpayers, the Bureau of Internal Revenue (BIR) has issued a schedule of filing of financial statements for the year ...