January 25, 2023

Expanded Solo Parents Welfare Act

Pursuant to NIRC 1977 and Solo Parents Welfare Act of 2000, this regulation provides a 10% discount and VAT exemption to qualifed Solo parent and to […]
January 23, 2023

Submission of Inventory Lists and Other Reporting Requirements

The BIR circular provides guidelines on the submission of Inventory list and other reporting requirements with addition of words ‘in soft copies’ in the prescribed format […]
January 19, 2023

Alphanumeric Tax Codes (ATCs) for Excise Taxes and Tobacco Inspection Fees on Novel Tobacco Products

Pursuant to implementation of RA 1190, BIR presents two new ATCs for Tobacco products (Excise tax and Tobacco inspection fees) under this new RMO that was […]
January 19, 2023

Clarifiation on the Return Processing System (RPS) Assessment issued by the BIR

As issued last January 17 of this year, RMC 7-2023 clarifies the Returns Processing System (RPS) Assessments being issued by the BIR.RPS Assessments were generated from […]
January 19, 2023

Implementation of the Quarterly Filing of VAT Returns starting January 1, 2023

Issued last January 13 2023 is the RMC 5-2023 that provide directives on implementation of Republic Act (RA) No. 10963, otherwise known as TRAIN Law relating […]
January 19, 2023

Online Registration of Books of Accounts at Online Registration and Update System (ORUS)

This RMC issued January 10 2023 – Set guidelines for online registration of Books of accounts at BIR Online Registration and Update System (ORUS). It provides […]
January 5, 2023

Availability of the Revised Alphalist Format in the BIR Form No. 1604-C (Annual Information Return of Income Taxes Withheld on Compensation)

The Bureau of Internal Revenue (BIR) has recently issued Revenue Memorandum Circular (RMC) No. 160-2022 announcing the availability of the Revised Alphalist Format in BIR Form […]
January 5, 2023

Suspension of the Increase of PhilHealth Premium Rate and Income Ceiling for 2023

President Ferdinand Marcos Jr. ordered the suspension of PhilHealth’s new premium contribution rates and income ceiling for 2023 as Filipinos still grapple with economic challenges caused […]
December 16, 2022

XMC Asia year-end party

We appreciate your value as an employee of XMC Asia and also would like to praise for the talent you have. XMC Asia is thankful for […]