News & Updates
Read more about the latest news and updates on the industry policies and upcoming deadlines to ensure up-to-date coverage.
BIR Form 1700
FOR INDIVIDUALS EARNING PURELY COMPENSATION INCOME (Including Non-Business/Non-Professional Income) Each taxpayer is required to file a specific annual income tax return from the different types of Income Tax Return issued
Donations During Enhanced Community Quarantine
During the period of the Enhanced Community Quarantine (ECQ), the BIR issued the Revenue Regulation No. 9-2020, which implements Section 4 (Z) and Section 4 (EE) of the Republic Act
Cash and Accrual Accounting
The two primary methods of accounting that are normally used today are Cash and Accrual Accounting. There are differences between both methods. However, the main distinction is on the timing
December 2020 BIR Deadlines
Dec 10, 2020 Filing and payment BIR Forms 1601C, 0619-E and 0619-F (Non-eFPS Filers) Dec 11, 2020 e-Filing BIR Form 1601C, 0619-E and 0619-F (eFPS Group E) Dec 12, 2020
How to Secure Tax Clearance Certificate
Before entering a new contract or a continuing contract with the Government, its Department, Agencies and Instrumentalities, one of the requirements is to submit a Tax Clearance Certificate (TCC) from
Fringe Benefits Under Philippine Taxation
Some business owners believe that their employees are the backbone of their company. Creating a solid employee program that helps to promote job satisfaction and morale, increase motivation, and efficiencies