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BIR TO LAUNCH ONLINE REGISTRATION AND UPDATE SYSTEM (ORUS); TAXPAYERS ARE ADVISED TO UPDATE RECORDS USING REGISTRATION UPDATE SHEET (RUS); OFFICIAL EMAIL ADDRESSES SHOULD BE PROVIDED, WHERE THE BIR SHALL SERVE ITS ORDERS, NOTICES, LETTER, AND OTHER PROCESS/COMMUNICATIONS. RMC No. 122-2022

September 23, 2022

BIR TO LAUNCH ONLINE REGISTRATION AND UPDATE SYSTEM (ORUS); TAXPAYERS ARE ADVISED TO UPDATE RECORDS USING REGISTRATION UPDATE SHEET (RUS); OFFICIAL EMAIL ADDRESSES SHOULD BE PROVIDED, WHERE THE BIR SHALL SERVE ITS ORDERS, NOTICES, LETTER, AND OTHER PROCESS/COMMUNICATIONS. RMC No. 122-2022

  • The BIR prescribes the guidelines in updating the registration information record of taxpayers who will enroll in the Bureau's Online Registration and Update System (ORUS).
  • The BIR will launch ORUS allowing taxpayers to register, update and transact registration-related transactions online
  • Purpose of Circular: to advise taxpayers to update their registration records to enroll in ORUS
  • Taxpayers shall update their registration records, such as e-mail address, contact information using the S1905 – Registration Update Sheet (RUS)
    • Email address should be official email address
    • Email address shall be used in serving BIR orders, notices, letters, and other processes/communications to the taxpayers
  • For taxpayers with head office – head office registration shall be updated first before updating the branches
  • Employers to inform employees regarding this requirement
  • Submission of RUS – via email to the BIR (list may be accessed HERE.

 

BIR CLARIFIES REMOVAL OF 5-YEAR VALIDITY PERIOD ON RECEIPTS/INVOICES; RECEIPTS/INVOICES EXPIRING BEFORE JULY 15, 2022 ARE NO LONGER VALID AND SHOULD BE RETURNED FOR DESTRUCTION TO THE BIR; P20,000 (FIRST OFFENSE) AND P50,000 (SECOND OFFENSE) FOR USE OF EXPIRED RECEIPTS OR INVOICES RMC No. 123-2022

  • The BIR  clarifies the provisions of Revenue Regulations No. 6-2022 relative to the removal of the five (5) – year validity period on receipts/invoices

 

Effectivity date July 15, 2022
Covered taxpayers
  • Taxpayers who are/will be using principal and supplementary receipts/invoices; or
  • Taxpayers with/who will apply for any of the following:
    •  ATP
    •  CAS/CBA and/or components
    • PTU for CRM/POS and other sales receipting software
Expired receipts/invoice

before July 15, 2022

  • If the receipts/invoices have a validity date of on or before July 15, 2022, they can no longer be valid for use.
  • ATP is the basis for the validity period of receipts/invoice
Date of ATP Unused Receipts/Invoices as of Expiry Date
Date of Issue “Valid Until” as reflected in the ATP/Receipts/Invoice Can they still be issued

(Yes/No)

On or before July 16, 2017 On or before July 15, 2022 No – unused receipts/invoices must be surrendered to the RDO where the Head Office or Branch is registered for purposes of destruction.

 

Period to surrender: On or before 10th day after the validity period

 

Period to apply for subsequent ATP – 60 day prior to expiration

July 17, 2017 onwards July 16, 2022 onwards Yes

To disregard;

5-year period and validity period imprinted in the receipt/invoice

 

Consequence of use of expired receipts prior to effectivity date Penalties:

  • P20,000 – first offense
  • P50,000 – second offense

 

Effect on applications CRM/POS/CAS etc.
  • To remove the 5-year validity and “valid until” phrase of PTU to be reflected on the footer of the  generated receipts/invoice
  • For PTU CRM/POS Machines/CAS-registered taxpayers –
    • They need to reconfigure the CRM/POS Machines/CAS to remove the said phrases
    • No need to submit written notification to the RDO
    • Period to remove the phrase and validity period by reconfiguration” December 31, 2022

 

BIR RULINGS

  • The bonus payments granted by the company to its employees are considered compensation income and are not exempt from withholding tax.
    • The employer must withhold from compensation paid on computed amount
    • The company should deduct and withhold the proper tax at the time the income payment is paid (BIR Ruling No: OT-133-2022)
  • Sale of house and lot under economic and low-cost housing project of a company duly registered with the Board of Investments under Executive Order (EO) No. 226 is exempt from income tax and creditable withholding tax on its income received directly in connection with the mentioned project. In addition to that, sale of house and lot and other residential dwellings with selling price of not more than Php 3,199,200 is VAT exempted. (BIR Ruling No: Certificate of Tax Exemption No: BOI-LEH-135-2022)
  • Sale of house and lot duly registered with the Housing and Land Use Regulatory Board (HLURB) is exempt from income tax and creditable withholding tax on its income received directly in connection with the mentioned project. Moreover, sale of house and lot and other residential dwellings with selling price of not more than Php 3,199,200 is VAT exempted. (BIR Ruling No: Certificate of Tax Exemption No: PSH-136-2022, PSH-137-2022, PSH-138-2022, PSH-139-2022, PSH-140-2022,  PSH-141-2022, PSH-142-2022, PSH-143-2022)
  • The purchases of goods/articles under the construction/development of NHA’s Socialized Housing Program is exempt from project-related income tax, creditable withholding tax and value-added tax on its income received directly in connection with the mentioned project. However, the purchases of goods/articles of the said company shall be subject to VAT, even if the said purchases are to be used for social housing projects and must issue VAT exempt official receipts on its gross receipts from the said socialized housing project. (BIR Ruling Nos: Certificate of Tax Exemption No: NSH-144-2022, NSH-145-2022, NSH-146-2022, NSH-147-2022)

 

 

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Articles

AUGUST 2023 COURT OF TAX APPEALS DECISIONS

COURT OF TAX APPEALS DECISIONS MAY 2023

COURT OF TAX APPEALS DECISIONS

BIR Updates March 30 – April 1, 2023

Tax Updates January 25-29, 2023

SEC Updates January 25-29 2023

SEC Updates December 5-11 2022

BIR LIFTS THE SUSPENSION OF THE CONDUCT OF ENFORCEMENT ACTIVITIES AND OPERATIONS COVERED BY OUTSTANDING MISSION ORDERS (MOS) AND REMOVAL OF THE PROHIBITION ON THE ISSUANCE OF NEW MOS AUTHORIZING SUCH ACTIVITIES AND OPERATIONS UNDER REVENUE MEMORANDUM CIRCULAR NO. 77-2022. (RMC No. 127-2022, September 7, 2022)

BIR TO LAUNCH ONLINE REGISTRATION AND UPDATE SYSTEM (ORUS); TAXPAYERS ARE ADVISED TO UPDATE RECORDS USING REGISTRATION UPDATE SHEET (RUS); OFFICIAL EMAIL ADDRESSES SHOULD BE PROVIDED, WHERE THE BIR SHALL SERVE ITS ORDERS, NOTICES, LETTER, AND OTHER PROCESS/COMMUNICATIONS. RMC No. 122-2022

COURT OF TAX APPEALS DECISIONS January 2022

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Recent Articles

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Voluntary Assessment and Payment Program

September 8, 2020
The Bureau of Internal Revenue recently issued Revenue Regulations No. 18-2020 on Voluntary Assessment and Payment Program (VAPP). By availing the benefits under the VAPP, the taxpayer shall not be audited for 2018 for the tax types covered by the availment, and in case of pending audit, the issued Letter of Authority, Tax Verification Notice, Discrepancy Notice, Notice for Informal Conference, Preliminary Assessment Notice, Final Assessment Notice for pending cases shall be withdrawn and canceled. The VAPP is available until December 31, 2020, unless extended by the Secretary of Finance.

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Corporate, Tax and Other Legal Digest

September 4, 2020
For your reference and file, we are pleased to send our regular corporate, tax and other legal digest.

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Corporate, Tax and other Legal Digest

August 24, 2020

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Court of Tax Appeals Decisions Articles

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JULY 2023 COURT OF TAX APPEALS DECISIONS

October 2, 2023

COURT OF TAX APPEALS DECISIONS MAY 2023

August 23, 2023

ESTATE TAX AMNESTY EXTENDED TO JUNE 14 2025

August 15, 2023

Security and Exchange Commission Articles

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SEC Updates January 25-29 2023

January 23, 2023

SEC Updates December 5-11 2022

December 19, 2022

GUIDELINES ON CORPORATE DISSOLUTION UNDER SECTIONS 134, 136 AND 138 OF THE REVISED CORPORATION CODE.

March 16, 2022

Bureau of Internal Revenue Articles

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BIR Updates SEPTEMBER 25 TO OCTOBER 2, 2023

October 2, 2023

BIR Updates August-28 to September-3

August 29, 2023

BIR Updates May 15-28 2023

May 22, 2023

Recent Articles

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Php 2.3 million income tax refund DENIED; Salaries paid by ADB to Filpino citizens are subject to income tax.

September 4, 2020

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Php 3 million refund erroneously paid percentage tax gross revenue tax of 5% imposed on non-bank financial intermediaries is based on receipts

September 4, 2020

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Corporate, Tax and other Legal Digest

August 24, 2020

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PUBLIC COMPANIES AND REGISTERED ISSUERS ARE REQUIRED TO SUBMIT A NEW MANUAL ON CORPORATE GOVERNANCE UNTIL 30 SEPTEMBER 2020.

August 14, 2020

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BIR DEADLINES from AUGUST 10 to AUGUST 16, 2020

August 7, 2020

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