Morquicillo Business Consultancy and Accounting Services

24/09/2017

http://www.grantthornton.com.ph/insights/articles-and-updates1/lets-talk-tax/revisiting-improperly-accumulated-earnings-tax-iaet/

Normally, when one looks at the financial statements of a corporation and notices that the accumulated earnings exceed the paid-up capital, one will infer that this is a positive thing.

25/01/2017

http://www.bir.gov.ph/index.php/january.html

List of Buyers of Sugar Together with a Copy of Certificate of Advance Payment of VAT Made by Each Buyer appearing in the List by a Sugar Cooperative

31/12/2016

Happy New Year!🍾🍾🍷🍷🍻🍻

27/10/2016

Assessment and collection of taxes -- these are the two chief functions of the Bureau of Internal Revenue (BIR), which is tasked to interpret and implement the provisions of the National Internal Revenue Code of 1997, as amended. To meet the objective, the Tax Code grants broad powers to the Commiss...

25/08/2016

The implementation of the proposed tax policy reform program to be pitched by the Duterte administration to Congress next month is targeted to generate P600 billion in additional revenues by 2019

12/08/2016

BIR UPDATE:
RMC No. 84-2016 Exempts all taxpayers applying for issuance of tax credit/refund based on Writ of Ex*****on issued by the Court of Tax Appeals and Supreme Court from the requirement of certifications on Outstanding Tax Liabilities/Delinquency Verification Slips

BIR UPDATE:

RMC No. 84-2016 Exempts all taxpayers applying for issuance of tax credit/refund based on Writ of Ex*****on issued by the Court of Tax Appeals and Supreme Court from the requirement of certifications on Outstanding Tax Liabilities/Delinquency Verification Slips

04/07/2016

INTERNAL Revenue Commissioner Caesar Dulay was warmly welcomed by various tax reform groups including the Center of Strategic Reforms of the Philippines (CSR Philippines) after issuing two circulars

18/02/2016

2016 Filing of Annual Financial Statement and General Information Sheet

http://www.sec.gov.ph/laws/memorandumcircular/CY%202016/memo_circular_no.1.pdf

12/04/2015

http://philcpa.org/2015/04/important-updates-on-ebirforms-part-2/

On April 5, 2015, we shared to you recent important updates on eBIRForms and others which includes the issuance of the following Revenue Regulations (RR) and Revenue Memorandum Circulars (RMC):

07/04/2015

http://www.bworldonline.com/content.php?section=Economy&title=The-eBIRForm-tax-return-Are-you-still-confused&id=105564

04/04/2015

http://www.bworldonline.com/content.php?section=Economy&title=mandatory-filing-of-tax-returns-using-ebirforms-and-efps-by-april-15&id=104418

IT’S tax season once again and all taxpayers -- be they individual or corporate -- are spending sleepless nights to meet the fast-approaching filing deadline on April 15. Aside from the pressure of reporting the correct amount of income on time, taxpayers filing manually are now encouraged to use eB…

30/03/2015

http://taxacctgcenter.org/classification-of-large-taxpayers-in-the-philippines/

Large Taxpayer is a taxpayer who has been classified as such in accordance with the criteria under Revenue Regulations No. 1-1998 (RR No. 1-98), and has been duly notified by the Commissioner of Internal Revenue (BIR). This would mean that the two (2) requirements must be complied with before a taxp…