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0
Jan
29
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 ...
0
Jan
25
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 ...
6
Jan
05
Deductibility of Interest Expense/Allowable Interest Expense
It’s tax season and business and individuals with taxable year ending December 31 are starting to work on financial statements ...
0
Jan
01
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 ...
0
Dec
23
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 ...
13
Nov
24
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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Nov
15
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 ...
25
Apr
16
New Quarterly Income Tax Returns (1702Q and 1701Q)
Some of us may have already filed our income tax returns in the new format prescribed by the Bureau of Internal Revenue (BIR). These ...
11
Apr
10
E-filing of the New Tax Forms (1700, 1701, 1702) Excel and Interactive Form
On April 3, 2012, the Bureau of Internal Revenue issued Revenue Memorandum Circular (RMC) No. 15-2012 prescribing additional guidelines ...
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Apr
04
2010 Top 500 Corporate (Non-individual) and Individual Taxpayers in the Philippines
Have you ever wondered who are the top income tax payers in the Philippines for the year 2010? You might be surprised finding out ...
5
Apr
03
BIR and SEC Schedule of Filing of 2011 Financial Statements
While everyone is rushing for the completion of their 2011 financial statements, income tax returns and other reportorial requirements ...
0
Apr
03
Format for Supplementary Information Required Under RR 19-2011 and 15-2010
Accountants and Auditors are now rushing on finalizing financial statements for filing with the regulatory bodies and other interested ...