Alerts and Publications

2021 AITR still due on April 18, 2022; filing of tentative AITR allowed and may be amended without penalties until May 16, 2022; e-signature allowed for all returns and attachments to AITR

12 Apr 2022

This Tax Alert is issued to clarify the filing deadline for the calendar year (CY) 2021 Annual Income Tax Return (AITR), guidelines for filing and payment thereof, the use of electronic signature.

Reminder on the reportorial requirements for the income tax exemption of foreign-sourced dividends received by domestic corporations

11 Apr 2022

This Tax Alert is issued to remind all concerned taxpayers on the reportorial requirements for the income tax exemption of foreign-soured dividends received by domestic corporations.

Clarifications and guidelines in using eAFS system; use of e-signatures on all tax returns, attachments and documents now allowed

11 Apr 2022

This Tax Alert is issued to inform all concerned on the on the clarifications and guidelines in using the electronic Audited Financial Statement (eAFS) System as well as the use of e-signatures on all tax returns, attachments and required documents.

Revised guidelines on the payment of penalty for RBEs violating WFH threshold/guidelines prescribed by FIRB

11 Apr 2022

This Tax Alert is issued to inform all concerned on the manner of payment of penalties in relation to the suspension of income tax incentives granted to Registered Business Enterprises (RBEs) in the IT-BPM sector for violating Work-From-Home (WFH) threshold requirements and conditions prescribed by the Fiscal Incentives Review Board (FIRB) in FIRB Resolution Nos. 19-21 and 23-21.

Clarification on the availment period of VAT zero-rating incentives for existing registered export enterprises

11 Apr 2022

This Tax Alert is issued to inform all concerned on the clarifications on the transitory provisions for the non-income related tax incentives, particularly the VAT zero-rating on purchases of registered export enterprises, pursuant to the CREATE Act.