Gavree Bookkeeping Services

21/03/2024

11/07/2023

Effective July 1, 2023, the rate of percentage tax reverts to 3% per Revenue Memorandum Circular (RMC) No. 69-2023.

Read the full text of the RMC here: https://bit.ly/RMC692023

Read the full Media Release here: https://bit.ly/PR53JUL0523

29/04/2023

Advisory on the Submission of Attachments to 2022 AITR filed through eBIRForms due on May 2, 2023.

19/02/2023

No more monthly Filing of Vat
BIR Form2550M

BIR Makes Filing of VAT Returns Easier

Per Revenue Memorandum Circular No. 5-2023, VAT-registered taxpayers are no longer required to file the Monthly Value-Added Tax Declaration (BIR Form No. 2550M) for transactions starting January 1, 2023, but will instead file the corresponding Quarterly Value- Added Tax Return (BIR Form No. 2550Q) within twenty-five (25) days following the close of each taxable quarter when the transaction transpired.

For full text, https://bit.ly/3XOcsEZ