Category: Guidelines

Due to the declaration of ECQ and MECQ in NCR and other areas of the country, the BIR has issued Revenue Memorandum Circular (RMC) No. 92-2021 which extends the deadline

One of the changes brought by the Tax Reform for Acceleration and Inclusion (TRAIN) Act is the amendment to National Internal Revenue Code (NIRC) Section 114(C) on the treatment for

New SSS Contributions Table effective January 2021. In pursuant to Republic Act No. 11199 or the Social Security Act of 2018, SSS contribution was increased to 13%, a 1% increase

The Securities and Exchange Commission (SEC) recently released Memorandum Circular (MC) No. 27-2020 to guide corporations under (or with potential to be under) conversion from Ordinary Stock Corporation (OSC) to

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

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