Online Registration of Books of Accounts at Online Registration and Update System (ORUS)January 19, 2023
Clarifiation on the Return Processing System (RPS) Assessment issued by the BIRJanuary 19, 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 to VATfiling.
For transaction starting January 01 2023, VAT-registered taxpayers are no longer required to file Monthly VAT return (2550 M).Moreover, compliance with Quarterly VAT (2550 Q) will still be observed.
SOURCE BIR WEBSITE: http://bit.ly/3J1TZjw