On September 1, 2021, the Bureau of Internal Revenue released the Revenue Memorandum Circular No. 99-2021. This Circular was issued to clarify the issues and concerns received by the BIR from the previous Revenue Memorandum Circular No. 81-2021 released in relation to the VAT Exempt goods for medical/COVID-19 purposes published by the Food and Drug…
On August 16, 2021, the Bureau of Internal Revenue released the Revenue Memorandum Circular No. 91-2021. The BIR released this RMC with the reports that called their attention regarding certain social media influencers who are not paying their taxes despite their massive earnings. The issuance of this Circular will serve as a reminder of their…
In consideration of the upcoming implementation of Enhanced Community Quarantine (ECQ) and Modified Enhanced Community Quarantine (MECQ) in the National Capital Region (NCR) and several provinces in the Philippines due to the incessantly rising cases of Delta variant, the Bureau of Internal Revenue (BIR) has released a memorandum notifying concerned taxpayers about its decision to…
BIR Form 2000-OT is known as the Monthly Documentary Stamp Tax Declaration Return for One-Time Transactions. Documentary Stamp Tax, also simply known as DST, is a tax in the Philippines applied to transaction documents regularly. Common transactions where DST can be utilized include but are not limited to, execution of loan or debt agreements, issuance…
BIR Form 2000 is known as the Monthly Documentary Stamp Tax Declaration Documentary Stamp Tax, also simply known as DST, is a tax in the Philippines applied to transaction documents regularly. Common transactions where DST can be utilized include but are not limited to, execution of loan or debt agreements, issuance or sale of stocks,…
“That won’t happen to me”, “My password is strong enough already” or “I’m too lazy right now, maybe later” can be the reason your personal data is breached. Take the steps to protect your account now! With the growing amount of personal information stolen through cyberattacks around the world, 80% of consumers in the world…
On April 30, 2021, the Bureau of Internal Revenue (BIR) released Revenue Memorandum Circular No. 64-2021. The BIR released this RMC to promote tax compliance among Filipino taxpayers, making sure that they will be able to conveniently e-File and e-Pay with their chosen Tax Software Provider (TSP). As the very first TSP to be certified…
On April 30, 2021, the Bureau of Internal Revenue (BIR) released Revenue Memorandum Circular No. 67-2021. This RMC aims to clarify some issues in relation to the changes to the Percentage Tax Rate under the “Corporate Recovery and Tax Incentives for Enterprises Act” (C.R.E.A.T.E.). JuanTax has already implemented the changes with C.R.E.A.T.E. Law in mind.…
On April 30, 2021, the Bureau of Internal Revenue (BIR) released Revenue Memorandum Circular No. 65-2021. This RMC was shared to describe the guidelines required in order to file for amendments to Quarterly Percentage Tax Returns. This was due to the change in tax rate from 3% to 1% following the Corporate Recovery and Tax…
Data breaches happen when a hacker uses different methods to acquire a user’s personal information, change website contents, or to use identity theft for gathering even more information. What You Need To Know About Multi-Factor Authentication Passwords are no longer safe—in the early years, they protected you from others gaining access to your information. Over…
