Month: April 2022

CLARIFICATION ON TAX DEADLINE FOR FILING OF ANNUAL INCOME TAX RETURNS (AITR) FOR TAXABLE YEAR ENDING DECEMBER 31, 2021 (Revenue Memorandum Circular No. 42-2022, April 12, 2022) The deadline for filing of Annual Income Tax Return (AITR) as well as the payment is on or before 18 April 2022 (Monday) since

RMC No. 24-2022 clarifying issues relative to RR No. 21-2021 implementing the amendments to the Value-Added Tax (VAT) zero rating provisions under Sections 106 and 108 of the National Internal Revenue Code of 1997 (Tax Code), in relation to Sections 294(E) and 295(D), Title XIII of the Tax Code, introduced