L'Equipe Accounting & Bookkeeping Services

GOOD NEWS FOR EMPLOYERS & EMPLOYEES!

Pursuant to the issuance of BIR Revenue Regulations No. 29-2025, the non‑taxable thresholds for several De Minimis Benefits was increased effective January 6, 2026.

The new thresholds give employers greater flexibility to expand tax‑free employee benefits, while allowing employees to retain more of their earnings through higher take‑home pay.

BIR Update: Revenue Memorandum Circular (RMC) No. 6-2026 provides extension of deadlines for filing of tax return and payment of VAT due of Nonresident Digital Service Providers.

Don't stop when you are tired. Stop when you are done.

Revenue Regulations No. 15-2022

Further amends certain provisions of RR No. 2-98 as amended by RR No. 11-2018, which implemented the provisions of RA No. 10963 (TRAIN Law), relative to some changes in the rate of Creditable Withholding Tax on certain income payments (Published in Manila Times and Manila Bulletin on December 12, 2022). (Published in Manila Times and Manila Bulletin on December 12, 2022). For full text, https://bit.ly/3WdSja4

Source: Bureau of Internal Revenue

Philhealth Update: Philhealth Advisory No. 2022-0039

Acceptance of Philippine Identification System (PhilSys) ID (PhilID) and PhilSys Digital ID in Various Formats including the Printed EPhilID

Ctto: PHIC,

DOLE Advisory: “𝗟𝗔𝗕𝗢𝗥 𝗔𝗗𝗩𝗜𝗦𝗢𝗥𝗬 𝗡𝗢. 𝟮𝟯 𝘀. 𝟮𝟬𝟮𝟮

𝗚𝗨𝗜𝗗𝗘𝗟𝗜𝗡𝗘𝗦 𝗢𝗡 𝗧𝗛𝗘 𝗣𝗔𝗬𝗠𝗘𝗡𝗧 𝗢𝗙 𝗧𝗛𝗜𝗥𝗧𝗘𝗘𝗡𝗧𝗛-𝗠𝗢𝗡𝗧𝗛 𝗣𝗔𝗬

This Guidelines is hereby issued pursuant to Article 5 of the Labor Code of the Philippines, as renumbered, and Presidential Decree No. 851 requiring employers in the private sector to pay their rank-and-file employees 13th-Month Pay:

𝗖𝗢𝗩𝗘𝗥𝗔𝗚𝗘

Thirteenth-month pay shall be paid to rank-and-file employees in the private sector regardless of their position, designation, or employment status, and irrespective of the method by which their wages are paid, provided that they have worked for at least one (1) month during the calendar year.”

Credit to the Owner: repost

Update your registration records now with the BIR to use the Online Registration and Update System (ORUS)!

All taxpayers who want to transact online with the BIR are advised to update their registration records first, such as e-mail address and contact information, using BIR Form S1905 - Registration Update Sheet (RUS) to be able to enroll and use the ORUS. The RUS shall be submitted via e-mail to the Revenue District Office (RDO) where the taxpayer is registered.

What is ORUS?
ORUS is a web-based system that taxpayers can use to register with the BIR and update their taxpayer registration information online, anytime and with real time access to their registration records.

Where to get BIR Form S1905?
• Client Support Section of your RDO
• BIR Website - Attachment of RMC No. 122-2022, available via this link: https://bit.ly/3wJ3f4Y

Source: Bureau of Internal Revenue Philippines

Tax updates!

BIR Tax Deadline

25 Friday
SUBMISSION of Quarterly Summary List of Sales/Purchases/Importations by a VAT Registered Taxpayers — Non-eFPS Filers — Fiscal Quarter ending October 31, 2022
SUBMISSION of Sworn Statement of Manufacturer’s or Importer’s Volume of Sales of each particular Brand of Alcohol Products, To***co Products and Sweetened Beverages Products — Fiscal Quarter ending October 31, 2022
e-FILING/FILING & e-PAYMENT/PAYMENT of BIR Form 2550Q (Quarterly Value-Added Tax Return) — eFPS & Non-eFPS Filers — Fiscal Quarter ending October 31, 2022
e-FILING/FILING & e-PAYMENT/PAYMENT of BIR Form 2551Q (Quarterly Percentage Tax Return) — eFPS & Non-eFPS Filers — Fiscal Quarter ending October 31, 2022
e-FILING & e-PAYMENT of BIR Form 2550M (Monthly Value-Added Tax Declaration) — eFPS Filers under Group A — Month of October 2022
e-PAYMENT of BIR Form 2550M (Monthly Value-Added Tax Declaration) – eFPS Filers under Group E, D, C & B — Month of October 2022

BIR Update: Revenue Memorandum Circular (RMC) No. 148-2022 lifts the suspension on all field operations and other field operations of the BIR. Effective immediately.

For more information please dont hesitate to message us. We are happy to assist you.

Revenue Memorandum Order (RMO) No. 43-2022

Publishes the the policies, guidelines and procedures in the issuance and use of Notice to Issue Receipt/lnvoice (NIRI) pursuant to Revenue Regulations (RR) No. 10-2019.

RMO No. 43-2022: https://bit.ly/RMO43-2022
RR No. 10-2019: https://bit.ly/RR10-2019
RMC No. 60-2020: https://bit.ly/RMCNO602020

Revenue Memorandum Order (RMO) No. 43-2022

Publishes the the policies, guidelines and procedures in the issuance and use of Notice to Issue Receipt/lnvoice (NIRI) pursuant to Revenue Regulations (RR) No. 10-2019.

RMO No. 43-2022: https://bit.ly/RMO43-2022
RR No. 10-2019: https://bit.ly/RR10-2019
RMC No. 60-2020: https://bit.ly/RMCNO602020

Be updated.