Gavree Bookkeeping Services

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

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