Revenue Regulation No. 25-2020

Rules and Regulations lmplementing Section 4 (bbbb) of Republic Act No. 11494, otherwise known as the "Bayanihan to Recover as One Act" Relative to Net Operating Loss Garry-Over (NOLCO) Under Section 34 (DX3) of the N|RC, As Amended "The business or enterprise which...

Revenue Regulation No. 21-2020

REVENUE REGULATION NO. 21-2020 Voluntary Assessment and Payment Program for Taxable Year 2018 Under Certain Conditions "These Regulations shall apply to all internal revenue taxes covering the taxable year ending December 31, 2018, and fiscal year 2018 ending on the...

RR No. 7-2019 Amendments to RR No. 11-2018

The BIR has issued a new RR amending the requirements for Top Withholding Agents. Based on the new ruling, taxpayers with gross receipts/sales or gross purchases or claimed deductible itemized expenses of 12M  during the preceding year shall now be considered as Top...

Tax Advisory

Purely self-employed individuals and/or professionals who are VAT-registered taxpayers and whose gross sales/receipts and other non-operating income do not exceed the new VAT threshold of P3,000,000.00 in the preceding...

RR No. 7-2019 Amendments to RR No. 11-2018

The BIR has issued a new RR amending the requirements for Top Withholding Agents. Based on the new ruling, taxpayers with gross receipts/sales or gross purchases or claimed deductible itemized expenses of 12M  during the preceding year shall now be considered as Top...

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