and relative to the issuance of Certificate of Value-Added Tax Withheld at September 16, , Amends the Revenue Regulations governing the. RR – Free download as Word Doc .doc), PDF File .pdf), Text File .txt) or read online for Secrets to Prevent BIR Audit and Eliminate Tax Assessments. Executive Orders · BIR Issuances RR No. , Further amends Section 9 of Revenue Regulations No. relative to the certain provisions of RR No. , as amended, to implement further amendments pursuant to RA No.

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2018 Revenue Regulations

In such a rrr, the applicable rate of tax based on the entire consideration bri be withheld on the last installment or installments to be paid to the seller. Determine the excess, if any, of the amount of tax computed in Step No. Fringe benefits however, which are required by the hir of or necessary to the trade, business or profession of the employer, or where such fringe benefit is for the convenience and advantage of the employer shall not be subject to the fringe benefits tax.

In general, the situs of the income whether within or without the Philippines, is determined by the place where the service is rendered. Extends further the deadline for the accreditation of tax agents from December 31, to February 28, Implements Section 34 E of the Tax Code of relative to the requirements for deductibility of bad debts from gross income.

Thus, any remuneration paid for labor which is occasional, incidental or irregular, and does not promote or advance the employer’s trade or business, is not considered as compensation. The non-taxable income are those which are specifically exempted from income tax by the Code or other special laws as listed in Sec. If the employer fails to withhold and remit the correct amount of tax, such tax shall be collected from the employer together with the penalties or additions to the tax otherwise applicable.

The required return shall be filed and payments made within ten 10 days following the end of the month the withholding was made except taxes withheld for the 3rd month of the quarter which shall be remitted through a Quarterly Value-Added Tax Return BIR Form Q to be filed not later than the 25th day after the end of the calendar quarter.

However, the monetized value of unutilized vacation leave credits of ten 10 days or less which were paid to the employee during the year are not subject to income tax and to the withholding tax. The finality of the withholding tax is limited only to the payee’s income tax liability on the particular income.


The same tax treatment shall apply to Filipinos employed and occupying the same as those of alien employed by these multinational companies. Thus, it may be paid on the basis of piece-work, or a percentage of profits; and may be paid hourly, daily, weekly, monthly or annually.

Revenue Regulations – Bureau of Internal Revenue

C, her husband is also employed and claims for the additional exemptions. Prescribes the tax treatment of sale of jewelry, gold and other metallic minerals to a non-resident alien individual not engaged in trade or business within the Philippines or to a non-resident foreign corporation. A Individuals deriving compensation concurrently rf two or more employers at anytime during the taxable year.

Applicability of Constructive Receipt of Compensation. Except as big otherwise provided, there shall be withheld a creditable income tax at the rates herein specified for each class of payee from the following items of income payments to persons residing in the Philippines: Amends the transitory provisions of RR No. Hence, the same shall not form part of the taxable supplementary compensation, of managers and supervisors, subject to the withholding tax tables. In cases where no information was provided by a previous employer, such fact should be annotated in Form and the r employer shall not be liable blr any penalties.

Personal and additional exemptions P20, B In general, taxes shall be withheld from the wages of the wife in accordance with the schedule for a married person without any qualified dependent. Amends Section 2 of RR No. Registration with the Register of Deeds. The fourth copy shall be the file copy of the withholding agent.

Amends further Section 2 of RR No. Amends pertinent provisions of RR No. N Income payments by government. Provided, however, that where the spouse of the employee is unemployed or is a non-resident citizen deriving income from foreign sources, the employed spouse within the Philippines shall be automatically entitled to claim the additional exemptions for children.

The remuneration paid for the services above enumerated which are performed in or about rooming or lodging houses, boarding houses, clubs, hotels, hospitals or commercial offices or establishments is considered as compensation; Remuneration paid for services performed as a private secretary, even if they are performed in the employer’s home is considered as compensation; 4 Remuneration for casual labor not in the course of an employer’s trade or business.


Prescribes the regulations for the exemption of a citizen or a resident alien individual from Capital Gains Tax on the sale, exchange or disposition of his principal residence. The term covers all employees, biir officers and employees, whether elected or appointed, vir the Government of the Philippines, or any political subdivision thereof or any agency or instrumentality.

Extends further the deadline for availment of the Voluntary Assessment Program until December 15,and prescribes a bie flexible manner of payment of the amount due thereon. Use the monthly withholding tax table to compute the tax, and the tax so computed shall be multiplied by three 3 or six 6accordingly; LLjur c Bi-weekly — divide the compensation by two 2 to determine the average weekly compensation.

22-98 work is irregular and he spends, the rg part of two days in completing bit work. Amends the coverage of the Electronic Filing and Payment System EFPS by making it mandatory for large taxpayers and optional for certain identified non-large taxpayers to avail of the EFPS in the filing of their tax returns and the payment of taxes due thereon.

Withholding of Income Tax on Compensation Income. C Individuals receiving a combination of compensation and business income mixed income. Compute the amount of tax on the difference arrived at in Step 4, in accordance with the schedule provided in Sec.

Prescribes the regulations relative to the imposition of VAT on services of banks, non-bank financial intermediaries bor finance companies beginning January 1, Hospitals, clinics, HMOs and similar establishments must ensure that correct taxes due on the professional fees of their medical practitioners have been withheld and timely remitted to the Bureau of Internal Revenue BIR.

Published in Manila Bulletin on March 28, All payments made in cash or other forms other than products of the farm where labor is performed, for services constituting agricultural labor as explained above, are not within the exception. Any person who willfully files a declaration, return or statement containing information which is not true and correct as to every material matter shall, 2–98 conviction, be subject to the penalties prescribed for perjury under the Revised Penal Code.

Prescribes the regulations governing the manner of issuance of Tax Credit Certificates and the conditions for their use, revalidation and transfer.