The Commissioner of Internal Revenue has issued Revenue Memorandum Circular (RMC) No. 14-2021 to clarify that RMO No. 47-2020 became effective only on 19 January 2021
Source: PwC
Latest Posts in "Philippines"
- VAT Rules for Freebies and Promotional Items in the Philippines: Key Concepts and Legal Framework
- The BIR suspends audits of books of accounts until further notice
- Philippine Senate Proposes Abolishing VAT and 3% Tax, Signaling Major Tax Reform
- Philippine Court Clarifies Input VAT Refunds for Zero-Rated Sales in Recent Decision
- Philippine Court Bars VAT Deficiency Collection Due to Expired Three-Year Prescriptive Period
