OBLIGATION TO DEDUCT AND REMIT 1% OR 2% CWT SHALL CONTINUE, COMMENCE OR CEASE, AS THE CASE MAY BE, EFFECTIVE AUGUST 1, 2021. ANY TAXPAYER NOT FOUND IN THE PUBLISHED LIST OF TWA IS DEEMED EXCLUDED AND THEREFORE NOT REQUIRED TO DEDUCT AND REMIT THE 1% OR 2% CWT. (RMC No. 88-2021, July 16, 2021)
SALE OF HOUSE AND LOT AND OTHER RESIDENTIAL DWELLINGS IS EXEMPT FROM VAT FOR SELLING PRICE NOT EXCEEDING P3,199,200.00 DESPITE THE TRAIN LAW; AUTHORITY TO RELEASE IMPORTED GOODS SHALL NO LONGER BE ISSUED FOR COVID-19 EQUIPMENT.
THE SEC EXTENDS THE DEADLINE TO SUBMIT FORMS/NOTICES ON CREATION/DESIGNATION OF E-MAIL ACCOUNT ADDRESSES AND MOBILE PHONE NUMBERS FOR TRANSACTIONS WITH THE COMMISSION UNTIL JUNE 30, 2021