MANDATORY REQUIREMENTS AND GUIDELINES, POLICIES AND PROCEDURES IN THE PROCESSING OF CLAIMS FOR VALUE-ADDED TAX (VAT) CREDIT/REFUND. Revenue Memorandum Order No. 23-2023, June 23, 2023 The BIR prescribes the mandatory requirements and guidelines, policies and procedures in the processing of claims for Value-Added Tax (VAT) Credit/Refund except those under the
TAX ASSESSMENTS PRIVATE EDUCATIONAL INSTITUTION’S INCOME IS SUBJECT TO LOCAL BUSINESS TAX. Educational institutions are exempt subject to the condition that income is actually, and exclusively used for the educational purpose. Such applies to non-stock non-profit educational institutions. Non-profit means that no part of the income inures directly or indirectly
EXTENDS COVERED PERIOD OF DEATH UNTIL MAY 31, 2022 Republic Act No. 11956 Coverage: Estate of decedents who died on before May 31,2022 Availment Deadline: June14,2025 Payment by Installment – must be paid within 2 years from statutory date for its payment, without civil penalty and interest BIR MAY ACCEPT
April 2023 Certain requisites must be complied with by the taxpayer-applicant to successfully obtain a credit/refund of input VAT related to zero-rated sales. Said requisites are classified into certain categories, to wit: As to the timeliness of the filing of the administrative and judicial claims: The claim is filed
