MSBA Tax and Accounting Services

MAGANDANG BALITA

Hindi na po kailangang bayaran ang ANNUAL REGISTRATION FEE! Ito po ay alinsunod sa Rebuplic Act 11976 o Ease of Paying Taxes Act.

Abangan po ang aming advisory ukol dito.

FYI

[𝐓𝐀𝐗 𝐀𝐃𝐕𝐈𝐒𝐎𝐑𝐘]

Please be advised that effective January 22, 2024, the Bureau of Internal Revenue (BIR) will cease collecting the Annual Registration Fee (ARF) from business taxpayers. This change complies with Republic Act No. 11976, the “Ease of Paying Taxes Act.” As a result, business taxpayers are exempt from filing BIR Form No. 0605 and paying the Five Hundred Pesos (PHP 500.00) ARF on or before January 31 every year.

Business taxpayers with existing BIR Certificate of Registration (COR) that includes the Registration Fee will retain its validity. These taxpayers may choose to update/ replace their COR at their convenience. This can be done at the Revenue District Office, where they are registered on or before December 31, 2024, by surrendering their old COR.

Kindly take note of these changes for your compliance.

NOTICE

Please be advised that the SEC Tarlac Extension Office will be holding its FY 2023 SuperVision 2028 Performance Review and Internal Targets Updating (SPRINT) Conference on October 4-6, 2023 (Wednesday to Friday) and will operate in a skeleton capacity.

We encourage the public to send their urgent concerns through our hotline number at 0950-029-5715 or through our email address at [email protected] during the said dates.

Regular operations shall resume on Monday, October 9, 2023.

For everyone’s information and guidance.

📰 | 𝐏𝐑𝐄𝐒𝐒 𝐑𝐄𝐋𝐄𝐀𝐒𝐄: 𝐒𝐄𝐂 𝐭𝐨 𝐢𝐬𝐬𝐮𝐞 𝐫𝐞𝐯𝐢𝐬𝐞𝐝 𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐫𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠 𝐠𝐮𝐢𝐝𝐞𝐥𝐢𝐧𝐞𝐬 𝐟𝐨𝐫 𝐩𝐮𝐛𝐥𝐢𝐜𝐥𝐲-𝐥𝐢𝐬𝐭𝐞𝐝 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬

The SEC is revising the Sustainability Reporting (SR) Guidelines for publicly listed companies (PLCs), in an effort to reflect the latest developments in global sustainability frameworks.

The Commission on October 4 issued for public comment the draft
Memorandum Circular on the Revised SR Guidelines, seeking to update current rules on sustainability reporting provided under SEC Memorandum Circular No. 4, Series of 2019 (MC 4).

Under the revised guidelines, PLCs will be mandated to submit sustainability reports in two formats: the SR Narrative, and Sustainability Report (SuRe) Form.

For the SR Narrative, PLCs shall submit a narrative report following the format outlined in MC 4, which will be submitted in conjunction with the company’s annual report.

Read more here: https://www.sec.gov.ph/pr-2023/sec-to-issue-revised-sustainability-reporting-guidelines-for-publicly-listed-companies/ .tab=0

Calling out the attention of the Universities and Colleges under the jurisdiction of BIR Revenue Region No. 8B - South NCR.

Join the BIR's Search for the PHILIPPINES' BRIGHTEST BUWIS MASTERS.

𝗟𝗔𝗕𝗢𝗥 𝗔𝗗𝗩𝗜𝗦𝗢𝗥𝗬 𝗡𝗢. 𝟭𝟯-𝟮𝟯

Payment of Wages for the Regular Holiday on June 12, 2023 (Independence Day)

Pursuant to Proclamation No.42, Series of 2022, as amended by Proclamation No.90 Series of 2022.

𝗥𝗘𝗔𝗗 𝗠𝗢𝗥𝗘:https://www.dole.gov.ph/php_assets/uploads/2023/06/Labor-Advisory-No.-13-23-Payment-of-Wages-for-the-Regular-Holiday-on-12-June-2023-Independence-Day.pdf

Everyone is invited to attend RDO 57’s webinar on RDO 57 - Current Tax Compliance of PEZA and BOI Registered Entities

Date and Time: Jun 7, 2023 02:00 PM - 04:00 PM
Meeting ID: 892 1502 3288
Passcode: RDO57!0607
Registration Link: https://bit.ly/RDO570607

https://us06web.zoom.us/meeting/register/tZ0vduyorDgoEtxf9gyUek1eVIav-nupHpYP

Pag-IBIG Acquired Assets na hanap mo, nandito na! 🏠

Click https://www.pagibigfund.gov.ph/acquiredassetslistofproperties_Individual.html to see the list of Pag-IBIG Acquired Assets AS OF MAY 29, 2023.

na ang capital gains tax ay isang uri ng income tax na ipinapataw sa pagbebenta ng capital asset tulad ng real property or shares of stock.

Ang capital gains tax sa real property ay nakabase sa zonal value ng BIR o gross selling price, alinman ang mas mataas sa dalawang ito.

Ang rate ng capital gains tax ay six percent (6%). Ito ay dapat mabayaran sa loob ng 30 araw mula sa petsa ng notaryo ng deed of sale. Ang BIR Form 1706 ang gagamitin sa pagbabayad nito.

Hindi maaaring mailipat ang rehistro o titulo ng lupa kung hindi ito mababayaran.

🤔Word of the day: PRELIMINARY ASSESSMENT NOTICE (PAN)

The Bureau of Internal Revenue (BIR) has recently issued Revenue Memorandum Circular (RMC) No. 62-2023 announcing the availability of the following forms in the Electronic Filing and Payment System (eFPS):

👉 BIR Form No. 1604-C (Annual Information Return of Income Taxes Withheld on Compensation)
👉 BIR Form No. 1604-E (Annual Information Return of Creditable Income Taxes Withheld (Expanded)/Income Payments Exempt from Withholding Tax)
👉 BIR Form No. 1604-F (Annual Information Return of Income Payments Subjected to Final Withholding Taxes)
👉 BIR Form No. 0620 (Monthly Remittance Form of Tax Withheld on the Amount Withdrawn from the Decedent's Deposit Account)

All taxpayers who are mandated to use the eFPS facility in the filing and payment of their tax returns shall file and use these forms effective immediately.

The Bureau of Internal Revenue, headed by Commissioner Romeo "Jun" Lumagui Jr., filed 69 criminal cases for tax evasion with the Department of Justice earlier today, May 25, 2023. These cases were filed against illicit cigarette traders who were caught after the first nationwide raid conducted by the BIR last January 2023.

Click here to read the full media release:https://www.bir.gov.ph/images/bir_files/PR35MAY2523.pdf

📣 Calling all business owners!

Power up your business with a FREE online workshop brought to you by DTI and Canva this coming June 5-9, every 6-7:30PM.

Sali na to boost your skills, amplify your brand, and drive results that will take your business to new heights.

Register for FREE at bit.ly/CanvaDTI-DesignDiskarteTalks and get a chance to win a 3-month Canva Pro subscription. 🎁

Comment below kung pupunta kayo, and feel free to tag your friends! Kitakits!👏

Application ONGOING. Apply for the CHED Merit Scholarship 2023.

APPLY ONLINE: https://announcement.ph/ched-scholarship-ay-2023-2024/

BENEFITS:
✅Allowance amounting to P120,000 per academic year (for Private College/University)
✅Stipend/allowance amounting to P80,000 per academic year (for Public College/University)

REGIONAL TRADE FAIR| To pool efforts to improve the marketing strategies and sustain the businesses of the micro, small, and medium enterprises, the Department of Trade and Industry Region 4-A will hold its 10th KALAKAL CALABARZON regional trade fair with the theme, “Kalakalan ng mga produktong galing sa CALABARZON sa araw ng Kalayaan,” on June 9-13, 2023 at the Palm Drive Activity Center, Glorietta 2, Ayala Center, Makati City. This is in partnership with DTI’s Provincial Offices of Cavite, Laguna, Batangas, Rizal, and Quezon.

This year’s Kalakal will showcase 50 MSMEs who are beneficiaries of different DTI interventions—One Town, One Product Next Generation Program (OTOP NextGen), Shared Services Facilities (SSF), KAPATID Mentor ME (KMME), and Comprehensive Agrarian Reform Program (CARP). These programs enabled the exhibitors to enhance the quality, design, and marketability of their products to heighten buyers’ interest in supporting locally manufactured products.

“Since 2014, the DTI 4-A has been providing our CALABARZON MSMEs a venue for promotion and selling of their products and services. This will be the second time that KALAKAL CALABARZON will be set up in Makati City as we opt to showcase our region’s high-quality and innovative but affordable products to reach a bigger market. We hope that the public will continuously show support for our very own craftsmen and entrepreneurs by buying and going local,” said DTI 4-A OIC-Regional Director Marissa C. Argente.

DTI 4-A invites everyone to visit the KALAKAL CALABARZON 2023 and choose from a wide variety of personal gifts, consumer goods, handicrafts, home décor, textiles, fashion, and other local and design driven goods. For more details about the fair, kindly contact the Office at [email protected].

Revenue Memorandum Circular No. 58-2023

Clarifies the policies and guidelines on the issuance and validity of TIN Card and Certificate of Registration. For full text, https://tinyurl.com/3s4hhnkj

🤔Word of the day: DOUBLE TAXATION

Revenue Memorandum Circular No. 59-2023

Announces the availability of the revised BIR Form No. 2550Q [Quarterly Value-Added Tax (VAT) Return] January 2023 (ENCS). For full text, https://tinyurl.com/2s3e75zn
Annex A: https://tinyurl.com/2p96cxeb
Guidelines: https://tinyurl.com/5epae2w7

Bureau of Internal Revenue Philippines (BIR) Commissioner Romeo D. Lumagui, Jr. issued Revenue Regulations No. 3 – 2023, amending certain provisions of existing revenue issuances pertaining to zero-rated value-added tax (VAT) transactions.

The amended provisions now state that local purchases of goods and local services such as janitorial, security, financial, consultancy, marketing and promotion, and services rendered for administrative operations such as HR, legal, and accounting, shall not be considered as "directly and exclusively used" in the registered project or activity of a registered export enterprise.

Read more: https://www.bir.gov.ph/images/bir_files/PR26MAY0323.pdf?fbclid=IwAR3NvttUPdUsbN4l4xIasctpZIqQ-I_2KfsdcbDhPskqJJRLCZDMVA0redo

To receive on-the-go updates on the Philippine economy, JOIN the DOF Viber community: https://vb.me/dofcommunity

ANG ATIN PONG PASALAMAT SA MGA KASAMAHAN SA BUREAU.

Bukod sa taus-pusong pasasalamat natin sa mga taxpayers na napakahalaga ng tulong upang ma-achieve natin ang record-breaking collection, dapat din nating i-recognize ang efforts ng ating mga kasamahan dito sa Bureau.

NOTICE TO ALL CLIENTS📌: Due to technical issue, the telephone numbers of DOLE-NCR CAMANAVA Field Office (CFO) at (02) 8283-5044 and (02) 8282-1842 are temporarily unavailable.

At the moment, clients are advised to reach said Office through the following:

E-mail address: [email protected]
DOLE-NCR e-Filing Services: http://clients.ncr.dole.gov.ph/

We apologize for the inconvenience.



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Department of Labor and Employment - National Capital Region