RR No. 5-2014 Amendment to RR No. 5-2014 dated september s, 2014 and lmposition of Penalties for Failure to File Returns Under the Electronic Systems March 17, 2015

RR 5-2015 Amends RR N0. 6-2014 and imposes the penalties for failure to file returns under the electronic system of the BIR by taxpayers mandatorily covered by eFPS or eBIRForms (Published in Manila Bulletin on March 19, 2015) March 17, 2015 | Full Text | Annex A

RR No. 6-2014 Prescribes the mandatory use of Electronic BIR Forms in filing of all tax returns by non-electronic Filing and Payment System filers particularly accredited tax agents/practitioners..(Published in Manila Bulletin on September 9, 2014) September 8, 2014 | Digest | Full Text

RR No. 3-2015 Implements the provision of RA No. 10653, more particularly on the increase to P 82,000.00 of the total amount of exclusion from gross income for 13th month pay and other benefits.. (Published in Manila Bulletin on March 16, 2015) March 13, 2015 | Digest | Full Text

RMO No. 5-2015 Amends RMO No. 4-2015 on the allocation of the CY 2015 BIR collection goal by implementing office March 12, 2015 | Digest | Full Text | Annexes Table 1 to 5

RMO No. 5-2015 Amends RMO No. 4-2015 on the allocation of the CY 2015 BIR collection goal by implementing office March 12, 2015 | Digest | Full Text | Annexes Table 1 to 5

RR No. 4-2015 Amends further Section 2 of RR No. 13-08, as amended by RR No. 13-2013, relative to the definition of raw sugar and raw cane sugar for Value-Added Tax purposes (Published in Manila Bulletin on March 16, 2015) March 13, 2015 | Digest | Full Text

Effectivity of RR 2-2015 RR 2-2015 requires that, for large taxpayers, CWT certificates to be attached to the SAWT/ITRs should be in scanned/PDF copies and stored in DVD-R. (See Tax Bulletin dated March 10)

Bank Bulletin No. 2015-03 Implementation of Certain Policies in the Acceptance of Income Tax Returns During the 2015 Income Tax filing Period March 9, 2015 | Full Text

RMC No. 9-2015 Circularizes the enhanced BIR registration forms for the implementation of Taxpayer Registration System under Electronic Tax Information System (eTIS-1) March 11, 2015 | Full Text | Form 1901 | Form 1902 | Form 1903 | Form 1904 | Form 1905 | Form 2305

Electronic Tax Information System (eTIS): The Taxpayer Registration System (TRS) of the Electronic Tax Information System (or eTIS-1) was rolled out in two pilot offices on February 12, 2015

RMC No. 2-2015 Informs taxpayers relative to the availability of certain Annual Income Tax and Excise Tax Returns in Offline eBIRForms Package, which could be submitted thru the eFPS January 9, 2015 | Digest | Full Text

RR No. 2-2015 Amends pertinent provisions of Revenue Regulations (RR) No. 2-2006 and RR No. 11-2013 with respect to the submission of copies of BIR Form Nos. 2307 and 2316 March 5, 2015 | Full Text | Annex A | Annex B | Annex C

One Lightning Corporation Posted: 10 March 2015

CIR’s Announcement re: eFPS and eBIRForms: Identifiedtaxpayers are mandated to enroll, file their returns and pay their taxes early using the Electronic Filing and Payment Systerm (eFPS) or Electronic Bureau of Internal Revenue Forms (eBIRForms) to avoid administrative consequences.

RMC No. 7-2015 Reiterates the tax treatment of interest income derived from long-term deposits or investments certificates as described in RR No. 14-2012 and clarified in RMC Nos. 77-2012 and 81-2012 March 6, 2015 | Full Text

Bank Bulletin No. 2015-02 Acceptance of Tax Returns/Payments of Internal Revenue Taxes by Authorized Agent Banks (AABs) on March 28, 2015 and April 11, 2015, Saturdays, and Extension of Banking Hours up to 5:00 P.M. February 2, 2015 | Full Text

RMC No. 6-2015 Publishes the full text of Executive Order No. 173 entitled “Reduction and Condonation of Real Property Taxes and Interest/Penalties Assessed on the Power Generation Facilities of Independent Power Producers under Build-Operate-Transfer Contracts with Government-Owned and/or -Controlled Corporations” January 22, 2015 | Digest | Full Text

RMC No. 5-2015 Publishes the full text of Presidential Administrative Order No. 45 entitled “Revoking Letter of Instruction No. 1479, Series of 1985” January 22, 2015 | Digest | Full Text

RMC No. 4-2015 Publishes the full text of Department Order No. 107-2014 issued by the DOF entitled “Rules on Accreditation with the Bureau of Customs for PEZA Locators” January 13, 2015 | Digest | Full Text

RR No. 1-2015 Further amends RR Nos. 2-98 and 3-98, as last amended by RR Nos. 5-2008, 5-2011 and 8-2012, relative to “De Minimis Benefits” (Published in Manila Bulletin on January 6, 2015) January 5, 2015 | Digest | Full Text

RMO No. 1-2015 Further amends certain provisions of RMO No. 10-2014, as amended by RMO No. 33-2014 January 7, 2015 | Digest | Full Text | Annex A | Annex A-1 | Annex B | Annex C | Annex D | Annex E | Annex F |

RMC No. 1-2015 Circularizes the revised BIR Form No. 0217 (Application for Contractor’s Final Payment Release Certificate) November 2014 ENCS January 7, 2015 | Digest | Full Text | Annex A

RMC No. 2-2015 Informs all taxpayers and others concerned relative to the online submission of certain Annual Income Tax and Excise Tax Returns thru the eFPS January 9, 2015 | Digest | Full Text

RMC No. 86-2014 Clarifies the valuation of contributions or gifts actually paid or made in computing taxable income December 5, 2014 | Digest | Full Text | BIR Form No. 2322

RR No. 10-2014 Amends further Section 3 of RR No. 9-2001, as amended, expanding the coverage of taxpayers required to file December 10, 2014 | Digest | Full text

Revenue Regulations No. 10-2014 Amends further Section 3 of RR No. 9-2001, as amended, expanding the coverage of taxpayers required to file.. December 10, 2014 | Digest | Full text

PUBLIC HEARING: Revised Schedule of Compromise Penalties The BIR shall conduct a Public Hearing on the draft revenue issuance entitled December 18, 2014 | Notice | Annex A for Comments

ADVISORY FOR eDST System Users: Payment of Documentary Stamp Tax, for purposes of utilization in the eDST System, cannot be processed…

Starting on September 24, 2014, selected Non-Electronic Filing and Payment System (Non-eFPS) filers are mandated to use the Electronic BIR Forms (eBIRForms) in the preparation and filing of all their tax returns

RMO No. 38-2014 Prescribes the uniform policies and guidelines on the implementation of cash disbursements for tax refunds thru the Trust Receipt Fund December 9, 2014 | Full Text | Annex A | Annex B | Annex C | Annex D | Annex E | Annex F | Annex G

RMC No. 86-2014 Clarifies the valuation of contributions or gifts actually paid or made in computing taxable income December 5, 2014 Digest | Full Text | BIR Form No. 2322

RMC No. 87-2014 Suspends all audit and other field operations of the BIR effective December 16, 2014 December 9, 2014 | Full Text

SEC MEMORANDUM CIRCULAR NO. 21 Guidelines Governing the Computation of Corporate Term Posted: 1 December 2014

Public Seminar for Financing Companies on 12 December 2014 Posted: 28 November 2014

Public Seminar for Foundation on 11 December 2014 Posted: 28 November 2014

RMC No. 82-2014 Publishes the full text of Joint Circular No. 002.2014 of the DOF, DBM, BOC and BIR, providing for the establishment of… Dec 2, 2014 | Full Text | Joint Circular

AMENDMENT TO THE REVISED CODE OF CORPORATE GOVERNANCE

NOTICE: AMENDMENT TO THE REVISED CODE OF CORPORATE GOVERNANCE

COMPLIANCE WITH SEC MEMORANDUM CIRCULAR NO. 9 SERIES OF 2014 To grant extension of compliance with subject MC 9 is until 31 DECEMBER 2014. Basic penalty of P20,000

RR No. 9-2014 Further amends the provisions of RR No. 7-2014, specifically the deadlines prescribed under Section 13 thereof November 5, 2014 | Full Text

RMC No. 79-2014 Clarifies the tax treatment of stock option plans and other option plus November 3, 2014 | Full Text

RMC No. 78-2014 Circularizes clarifications on the requirement of FDA Certification for the feed ingredients enumerated in RMC No. 66-2014 October 24, 2014 | Digest | Full Text

RMC No. 77-2014 Clarifies certain requirements on the processing of applications for cash conversion of Tax Credit Certificates October 13, 2014 | Digest | Full Text

RMC No. 70-2014 Clarifies the requirements for the issuance of Certifications on Outstanding Tax Liabilities/Delinquency Verification Slips September 9, 2014 | Digest | Full Text

BIR CLARIFIES REQUIREMENTS FOR PROCESSING OF TAX REFUND, TCC CASH CONVERSION AND VAT MONETIZATION

RR No. 8-2014 Amends the provisions of RR No. 7-2014, specifically the deadlines prescribed under Section 13 October 17, 2014 | Digest | Full Text