Category: Guidelines

Guidelines

Year-End Payroll Adjustments

Every year end, employers are reminded to carry out their year-end payroll adjustments for compliance with the existing withholding tax regulations. These adjustments, also called tax annualization, are performed to

Read More
Guidelines

New offline eBIRforms v7.9.3

On September 28, 2022, the Bureau of Internal Revenue (BIR) released the Memorandum Revenue Circular (RMC) 131-2022 notifying the Taxpayers with the release of new offline eBIRforms package version 7.9.3. 

Read More
Guidelines

Taxation of Passive Income

Passive income includes earnings from investments and other ventures that require minimal supervision or effort such as income generated from interests, dividends, royalties, and payments from rental property. While it’s

Read More
Guidelines

Taxation for Work-From-Home Employees

The government-imposed lockdowns and safety restrictions brought by the pandemic pushed businesses to accommodate a remote work setup. This helped reduce the COVID cases significantly by decongesting the public transportation

Read More
footer-logo@3x