J. Aguilar Accounting Firm

More options on how to “PAY” your tax.

Revenue Regulations No. 4-2025

Further amending the "De Minimis" benefits provisions of RR No. 2-98, as amended, increasing the Clothing Allowance pursuant to RA No. 11975, the Fiscal Year 2024 General Appropriations Act, and Employees Achievement Awards

For full text: https://tinyurl.com/45nmy85t

READ :

Lumagui : BIR Educates Business establishments in Nationwide Tax Compliance Verification Drive (TVCD): No Penalties to be imposed during nationwide TCVD.

READ : Beginning January 1, 2025, the Social Security System will enforce updated rules for member contributions which will rise from the current 14% to 15%.

See sample computation below:

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Proclamation No. 486, s. 2024

DECLARING THE MONTH OF FEBRUARY EVERY YEAR AS TAX AWARENESS MONTH

Full text: https://bit.ly/3V0VaFN