APG Accounting and Consultancy Services

24/12/2022

To our dear clients,

Happy Holidays and many thanks. We couldn’t do it without you. This year and always, you’re a valued member of our team ❤️

From your FGT-APGACS and Computer Builders Family... we wish you a very Merry Christmas ❤️

💡

03/12/2022

New Income Tax Rate for January 2023

On January 1, 2023 a new tax table is set to be implemented, see below.

The previous admin has proposed to delay the tax rates until 2026. (Source: https://mb.com.ph/2022/05/25/dof-defer-pit-reduction-remove-vat-exemptions/) However, there is no confirmation whether the current admin and congress will authorize the delay in the implementation of the 2023 tax rates. We'll keep you posted.

07/09/2022

Interpretation of BIR RMC 123-2022

BIR memorandum re: clarification on the removal of the 5-year validity period on receipts

Summary:
1. Invoices/Receipts expiring ON or BEFORE July 15, 2022 are mandated to be surrendered to the BIR. The surrendered receipts are to be replaced by a newly-issued receipts/invoices on which the 5-year validity period is no longer applicable. Newly-issued receipts/invoices may be used for more than 5 years until they are fully exhausted.

2. Invoices/Receipts expiring ON July 16, 2022 onwards may be used by the taxpayer until they are fully exhausted. The validity period reflected at the footer of the receipts/invoices shall be disregarded.

2.1. Example, issuance of a receipt/invoice today - September 7, 2022 to a customer with expiration of July 16, 2022 is still valid)

For further clarifications, you may consult with our office to avoid confusion and penalties. Thank you

03/08/2022

Good day dear Valued Clients!

Please be guided on the recent minimum wage increase.

Thank you

02/07/2022

Revenue Regulations No. 6-2022

Removes the 5-year validity period on receipts/invoices

For full text, https://bit.ly/3yzTlny

13/05/2022

Advisory on Electronic Filing and Payment System (eFPS) Unavailability/Inaccessibility. For full text, http://ow.ly/iROS30sjBZS

08/09/2021

To our dear clients,

Our office will be closed this afternoon due to Typhoon Jolina!

Stay safe everyone.

09/05/2021

In your arms, you held us. Little did we know but you have given us the greatest treasure that will never fade in our hearts and that’s your love. Happy Mother's Day especially to our dearest MOMMY clients and friends!

03/05/2021

Hi dear CLIENTS,

Our office resumes tomorrow, WEDNESDAY, May 5,2021. see yah! ☺️