Atty. Carmela Eloisa S. Dullas, CPA Law Office

Revenue Regulations No. 8-2024

Implements Sections 21(b) of the NIRC of 1997, as amended by Republic Act No. 11976 (Ease of Paying Taxes Act), on the classification of taxpayers. For full text, https://tinyurl.com/2p8uyn6d

Revenue Memorandum Circular No. 53-2024

Informs taxpayers on the availability of the revised BIR Registration Forms relative to the implementation of Republic Act No. 11976 (Ease of Paying Taxes Act). For full text, https://tinyurl.com/yx42s5sd
BIR Form 1901: https://tinyurl.com/2zfkd92k
BIR Form 1903: https://tinyurl.com/pjr48ted
BIR Form 1904: https://tinyurl.com/4p9n64m4
BIR Form 1906: https://tinyurl.com/4frcyfn4

PAALALA NG BSP, DTI, DILG AT LTFRB:
TANGGAPIN ANG MAY TUPI NA 1000-PISO POLYMER BANKNOTES

Nagpalabas ng magkakahiwalay na advisory sa publiko ang Bangko Sentral ng Pilipinas, Department of Trade and Industry (DTI), Department of the Interior and Local Government (DILG) at Land Transportation Franchising and Regulatory Board (LTFRB) na nananatili ang halaga ng 1000-piso polymer banknote na may tupi at maaaring ipambayad ito.

Hinihikayat din ng mga nasabing ahensya ang publiko na ipagbigay-alam ang hindi pagtanggap ng may tuping polymer banknote sa pamamagitan ng mga sumusunod:

BSP e-mail address: [email protected]
LTFRB Hotline: 1342 / Landline: 8529-7111 / E-mail address: [email protected]
DTI Hotline: 1-384 / E-mail address: [email protected]

Proof of life ⚖️

The Bureau of Internal Revenue (BIR) is urging the taxpaying public not to patronize and obtain their Taxpayer Identification Number (TIN) and/or TIN Card from online sellers.

Read the full media release here: https://bit.ly/PR45JUN1923

𝐁𝐈𝐑 𝐫𝐞𝐟𝐮𝐭𝐞𝐬 𝐝𝐞𝐜𝐞𝐩𝐭𝐢𝐯𝐞 𝐣𝐨𝐛 𝐩𝐨𝐬𝐭𝐢𝐧𝐠𝐬 𝐜𝐢𝐫𝐜𝐮𝐥𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐬𝐨𝐜𝐢𝐚𝐥 𝐦𝐞𝐝𝐢𝐚

The Bureau of Internal Revenue (BIR) clarifies and denounces misleading job postings that had been circulating in various social media platforms, particularly Facebook and TikTok. The post falsely claims to offer exorbitant monthly salaries, even to High School Graduates, and implies that the job openings are affiliated with the BIR.

BIR Commissioner Romeo D. Lumagui, Jr. would like to clarify that the BIR did not initiate, create, nor authorize such job postings, and that they are purely deceptive and fraudulent.

In light of this incident, the Bureau encourages the public to be vigilant and cautious when considering job postings in social media or other platforms, and to always verify the information from official sources to avoid falling victim to scams or deceptive practices.

“The BIR is committed to providing equal and fair opportunities to all job applicants in accordance with the government's principles of transparency and integrity; hence, this matter is taken seriously because it misleads job seekers. We assure the public that we are actively investigating the source of these misleading posts to hold those responsible accountable for their actions. We thank the public for their continued support and cooperation in combating misinformation and ensuring a secure and credible job application process”, said Commissioner Lumagui, Jr.

All individuals seeking employment opportunities with the BIR are urged to rely only on the Bureau’s official channels of information. The complete and legitimate list of job vacancies, along with their respective requirements, can be found on the BIR Website at https://www.bir.gov.ph/index.php/vacant-positions.html and/or BIR Official page at https://www.facebook.com/birgovph.

Landmark Decision from the Supreme Court, on copyrighted music, published today.

1. Off the Grill restaurant should have obtained a license from FILSCAP and paid the necessary fees, for (a) allowing live bands to play copyrighted music; and (b) playing recorded copyrighted music in its premises.

2. Filing a duplicate of the document assigning the rights to copyrighted musical works is permissive and not mandatory upon the author or the assignee (such as FILSCAP). Assignees cannot be compelled to file a duplicate copy of the document evidencing the assignment, and have the deeds or agreements published in the IPO Gazette before their rights can be invoked or enforced.

3. Under the Berne Convention, the enjoyment of rights protected by copyright "shall not be subject to any formality; such enjoyment and such exercise shall be independent of the existence of protection in the country of origin of work." The purpose of registration is to protect subsequent purchasers or mortgagees for value and without notice, since in principle, it is similar to the filing and recording statute pertaining to chattel mortgages.

4. As the assignee, FILSCAP has the right to demand compensation for the playing or performance in public of copyrighted musical works under its catalogue in establishments or other venues, when infringement is being committed due to the absence of a license and payment of fees.

5. The Court acknowledges that FILSCAP, by authority of the deeds/agreements, represents the owners or holders of copyrighted musical works under its catalogue. As the assignee, FILSCAP is tasked to monitor and issue licenses to persons, businesses, establishments, and the like which are interested to play or perform these musical compositions. Although it seems trivial or outrageous to collect fees for this purpose especially when almost everything is readily accessible to the listening public, the copyright owners are still entitled to be compensated for their creative work. There is no question that they invested time, creativity, talent, and effort in the creation and development of their compositions. Thus, assigning FILSCAP to pursue their intellectual property rights on their behalf should not be taken against FILSCAP, as it is acting not merely for its own benefit, but for the copyright owners' as well. Still, FILSCAP's monitoring, licensing, and its other functions should all be exercised within reasonable, proper, and just means.

COSAC, Inc. v. Filipino Society of Composers, Authors, and Publishers, Inc., GR 222537, 28 Feb 2023

* * *
Paki-basa na lang po ang comments section, kung may mga tanong tungkol sa Decision, at kung paano naman ang mga small-time establishments at bands. Baka po mas mabigyang linaw. Salamat!

Starting July 1, 2023, persons subject to percentage tax under Section 116 of the National Internal Revenue Code, as amended, will revert to 3% of their gross quarterly sales or receipts.

As provided in the said Section 116 of the NIRC, “Any person whose sales or receipts are exempt under Section 109(CC) of this Code from the payment of value-added tax and who is not a VAT-registered person shall pay a tax equivalent to 3% of his gross quarterly sales or receipts. Provided, that cooperatives shall be exempt from the 3% gross receipts tax herein imposed: Provided, further, That effective July 1, 2020 until June 30, 2023, the rate shall be one percent (1%).”

The provision on the adoption of the 1% Percentage Tax rate from July 1, 2020 to June 30, 2023 has been promulgated in March 2021 under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law.

Non-VAT taxpayers are mandated to file the Percentage Tax return (BIR Form No. 2551Q) and pay the corresponding tax dues within twenty-five (25) days after the end of each taxable quarter.

Moreover, from July 1, 2023 onwards, the Minimum Corporate Income Tax (MCIT) will return to its previous rate of 2%, calculated based on the gross income at the end of the taxable year. The MCIT rate is applicable to domestic corporations or resident foreign corporations when the MCIT exceeds the regular corporate income tax of the company. The MCIT is imposed beginning the fourth taxable year immediately following the year in which said corporation begins its business operations.

In addition, non-stock/non-profit schools and hospitals will once again be subject to a preferential tax rate of 10% on their taxable income. However, as previously provided, if the gross income from “unrelated trade, business, or other activity” exceeds 50% of the total gross income generated by the educational institution or hospital from all sources, the tax applicable to domestic corporations will be levied on their entire taxable income.

Believe in the power that you hold.

Pinapaalam ng Bureau of Internal Revenue (BIR) sa publiko na huwag tangkilikin at bumili ng kanilang Taxpayer Identification Number (TIN) mula sa online sellers.

Basahin ang media release dito: https://bit.ly/PR45JUN1923

𝗣𝗥𝗢𝗖𝗟𝗔𝗠𝗔𝗧𝗜𝗢𝗡 𝗡𝗢. 𝟮𝟱𝟴

Malacañang declares Wednesday, June 28,2023, a Regular Holiday in observance of 𝗘𝗶𝗱'𝗹 𝗔𝗱𝗵𝗮 (𝗙𝗲𝗮𝘀𝘁 𝗼𝗳 𝗦𝗮𝗰𝗿𝗶𝗳𝗶𝗰𝗲).

Happy birthday in advance Atty. Leni Robredo 🌸

𝒀𝒐𝒖𝒓 𝒖𝒏𝒊𝒒𝒖𝒆𝒏𝒆𝒔𝒔 𝒎𝒂𝒌𝒆𝒔 𝒂 𝒄𝒐𝒍𝒐𝒓𝒇𝒖𝒍 𝒘𝒐𝒓𝒍𝒅.

The 𝗡𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗪𝗮𝗴𝗲𝘀 𝗮𝗻𝗱 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝘃𝗶𝘁𝘆 𝗖𝗼𝗺𝗺𝗶𝘀𝘀𝗶𝗼𝗻 joins the National Council on Disability Affairs and the nation in celebrating 𝗪𝗼𝗿𝗹𝗱 𝗔𝘂𝘁𝗶𝘀𝗺 𝗔𝘄𝗮𝗿𝗲𝗻𝗲𝘀𝘀 𝗗𝗮𝘆.

Learn more by visiting their website at www.ncda.gov.ph/ and official page at www.facebook.com/nationalcouncilondisabilityaffairs

𝐌𝐄𝐌𝐎𝐑𝐀𝐍𝐃𝐔𝐌 𝐂𝐈𝐑𝐂𝐔𝐋𝐀𝐑 𝐍𝐎. 𝟏𝟔, 𝐬. 𝟐𝟎𝟐𝟑
Signed on 31 March 2023

𝐒𝐔𝐒𝐏𝐄𝐍𝐒𝐈𝐎𝐍 𝐎𝐅 𝐆𝐎𝐕𝐄𝐑𝐍𝐌𝐄𝐍𝐓 𝐖𝐎𝐑𝐊 𝐎𝐍 𝟎𝟓 𝐀𝐏𝐑𝐈𝐋 𝟐𝟎𝟐𝟑 𝐈𝐍 𝐎𝐁𝐒𝐄𝐑𝐕𝐀𝐍𝐂𝐄 𝐎𝐅 𝐓𝐇𝐄 𝐇𝐎𝐋𝐘 𝐖𝐄𝐄𝐊

Visit the Official Gazette website: https://www.officialgazette.gov.ph/2023/03/31/memorandum-circular-no-16-s-2023/

FILE AND PAY YOUR 2022 AITR ANYWHERE

Per Revenue Memorandum Circular (RMC) No. 32-2023, taxpayers may file their 2022 Income Tax Return (ITR) and pay the taxes due thereon to any Authorized Agent Bank (AAB) or BIR Revenue Collection Officer nearest them without the imposition of penalties for wrong venue filing.

Click here to read the full RMC: https://bit.ly/FilePayAnywhere2023