Finally, on July 29 the Bureau of Internal Revenue (BIR) issued the much-awaited Revenue Memorandum Circular (RMC) No. 76-2020 to clarify issues on the filing of BIR form no. 1709. BIR form no. 1709 ...

With the end of the year approaching, most people start preparing for the holidays. For accountants and tax practitioners, this is also the time to plan for year-end statutory obligations, such as the ...

It’s been more than a year since the effectivity of the Tax Reform for Acceleration and Inclusion (TRAIN) Act, but the effects of its implementation are far from over. Just this year, the Bureau of ...

The Bureau of Internal Revenue (BIR) reminds the taxpaying public that the filing of the Quarterly Income Tax Return for Individuals, Estates and Trusts (BIR Form No. 1701Q) is on or before May 15, ...

Plenty of provisions in the Tax Code have been changed due to the ongoing tax reform process. Will all these changes need new forms? Most, but not all. For instance, changes in value-added tax, while ...

Which form should I use if I’m self-employed, availing of itemized deductions under the graduated rates? Is it BIR Form No. 1701 or 1701A? You will have to use BIR Form No. 1701. Since you’re availing ...

MANILA, Philippines—Revenue Commissioner Kim Jacinto-Henares said on Friday that the Annual Information Return (AIR), that would be required of taxpayers making more than P500,000 a year was in no way ...

In the early 1990s, the BIR had already prescribed a similar form, although only for foreign related-party transactions that is, BIR form no. 1702 H, known as the “Information Return on Transactions ...