BIR Monitor Issue No.
|Vol. 20 No. 6||With the passage of the TRAIN Law, the interest imposed on any unpaid tax (deficiency and/or delinquency) has been reduced from 20% to 12% per annum effective January 1, 2018.|
|Vol. 20 No. 5||Revenue officials and employees, led by Commissioner Caesar R. Dulay and the Deputy Commissioners, celebrated the 114th BIR Founding Anniversary on August 1 to 2, 2018.|
|Vol. 20 No. 4||The BIR has issued Revenue Memorandum Order No. 23-2018 to further clarify the guidelines in the availment of the 8% Income Tax Rate option provided under the TRAIN Law.|
|Vol. 20 No. 3||Registering a new business with the BIR is now much faster and easier with the new set of policies, guidelines and procedures issued by Commissioner Caesar R. Dulay under RMO No. 19-2018.|
|Vol. 20 No. 2||Purely self-employed individuals and/or professionals who are VAT-registered and whose gross sales/receipts and other non-operating income in the preceding year did not exceed the new VAT threshold of P 3 Million shall have until April 30, 2018 to update their registration to Non-VAT.|
|Vol. 20 No. 1||
The BIR is fast-tracking the finalization of revenue issuances that will provide the guidelines for the implementation of Tax Reform for Acceleration and Inclusion (TRAIN) Act.