The effectivity of Tax Reform for Acceleration and Inclusion (Train) Law repealed the monthly filing of the value-added tax (VAT) returns (BIR Form 2550M) starting Jan. 1, 2023, but retained the filing of the quarterly VAT returns (BIR Form 2550Q). Recently, the issuance of Revenue Memorandum Circular (RMC) 52-2023 revived the monthly filing but in an optional capacity.
Source: www.sunstar.com.ph