Weekly Tax Updates[June 12, 2020]

BIR RESUMES ENFORCEMENT ACTIVITIES + BIR KEEPS JUNE 15 DEADLINE FOR TAX FILING + MASSIVE US LAYOFFS CONTINUE EVEN AS BUSINESSES REOPEN Other Relevant Tax Updates:Bureau of Internal Revenue (BIR) resumes enforcement activities that were restricted under Enhanced...

Weekly Tax Updates[June 5, 2020]

JOBLESS FILIPINOS BALLOON TO 7.3 MILLION IN APRIL AS UNEMPLOYMENT SOARS IN LOCKDOWN + HOUSE APPROVES PHP 1.3 TRILLION STIMULUS PACKAGE ARISE ON FINAL READING Other Relevant Tax Updates:Bureau of Internal Revenue (BIR) provides additional payment channel for internal...

Weekly Tax Updates[May 29, 2020]

MOST RECENT BIR & SEC FILING GUIDELINES ON AFS & GIS + MOST RECENT UPDATE ON NEW TAX REFORM BILLS THROUGH CREATE & ECONOMIC STIMULUS PACKAGE Other Relevant Tax Updates:Bureau of Internal Revenue (BIR) clarifies the manner of filing and acceptance of...

Weekly Tax Updates[May 21, 2020]

HUNDREDS OF PRIVATE HOSPITALS IN PH MAY GO BANKRUPT DUE TO CORONAVIRUS PANDEMIC + SALCEDA WANTS ADDITIONAL TAX ON DIGITAL SERVICES LIKE NETFLIX LAZADA FB ADS FOLLOWING INDONESIA MODEL]   Other Relevant Tax Updates:Securities and Exchange Commission (SEC) extends...

Weekly Tax Updates[May 15, 2020]

BIR: NO MORE TAX DEADLINE EXTENSION AS GOVERNMENT IN DIRE NEED OF FUNDS + TWITTER SAYS MANY EMPLOYEES MAY WORK REMOTELY FOREVER + TAX AVOIDANCE ALLEGATIONS VS. ABS-CBN UNFAIR FOR REGULATORS: TAX EXPERT Other Relevant Tax Updates:BIR clarifies invoicing compliance...