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BIR Top 500 Individual and Non-individual Taxpayers for 2011

The Bureau of Internal Revenue has recently issued the list of top 500 individual and non-individual (corporate) taxpayers for the ...
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The Primers: How to Fill up BIR Form Nos. 1701 and 1702 November 2011 ENCS?

“How to accomplish BIR Form No. 1701 and 1702?”.  “How to fill up BIR Form No. 1701 and 1702?”.  Some of ...
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Guidelines in the Filing, Receiving and Processing of 2012 ITR and Additional Attachments

It’s tax season again! Guidelines on filing, receiving and processing of 2012 ITRs  for 2013 have already been defined, are ...
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Withholding Tax on Political Campaign Contributions/Expenditures

It’s election coming once again!  Politicians as well as their parties are preparing for the near approaching May 2013 Election ...
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RMC 9-2013: Clarifying the taxability of association dues, membership fees and other assessments/charges

On January 29, 2013, BIR issued Revenue Memorandum Circular (RMC) No. 9-2013.  The circular is issued to clarify the taxability of ...
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RMC No. 2-2013: Clarification on Deductibility of Expenses Relating to Purchase of Vehicles

On December 28, 2012, the Bureau of Internal Revenue issued Revenue Memorandum Circular No. 2-2013 clarifying certain provisions of ...
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Revenue Regulations (RR) No. 2-2013: Transfer Pricing Guidelines

Last January 23, 2013, the Bureau of Internal Revenue (BIR) issued Revenue Regulations No. 2-2013 providing guidelines to transfer ...
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Philippines ‘sin tax’ introduced (revised tax rates on cigarettes and alcohols)

On December 26, 2012, the Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) 17-2012 Prescribing the Implementing Guidelines ...
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RR No. 12-2012 Deductibility of Depreciation and Other Related Expenses of Vehicles

Revenue Regulations (RR) No. 12-2012, dated October 12, 2012, prescribes the rules on the deductibility of depreciation expenses as ...
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RR No. 14-2012 Proper Tax Treatment of Interest Income Earnings on Financial Instruments and Other Related Transactions

In doing business, individuals and companies usually earn interest income.  These interests income may be derived from investments ...
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Electronic BIR Forms (eBIRForms) are Now Available

Not so long ago after the release of the Bureau of Internal Revenue (BIR) Interactive Forms, now, the BIR released the Electronic ...
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Wage Order No. 17 & RMC No. 76-2012: Daily Minimum Wage Rates in the National Capital Region

Wage Order No. 17 was issued on May 17, 2012 to providing a Cost of Living Allowance (COLA) and integrating the existing COLA of P22.00 ...