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Tax code
Rules on tax perks for firm-based training, Adopt-a-School clarified
The Bureau of Internal Revenue (BIR) has issued a clarificatory revenue memorandum circular (RMC) to clear up confusion over tax exemptions and incentives for...
BIR bares grant of tax perks under EBET, adopt school programs
The Bureau of Internal Revenue (BIR) has issued a new order consolidating the provisions granting tax exemptions and incentives under the Adopt-a-School Act, the...
BIR issues new tax rules for businesses based on gross sales
Business taxpayers should note that the Bureau of Internal Revenue (BIR) has released a new order that lays down the criteria for the classification...