Rey Lozada – Page 2 – Bustamante Lozada and Associates

Year-End Tax Reminders and Updates

Notice To Issue Receipt/Invoice (NIRI)

Provide guidelines and procedures for the Issuance and Use of Notice to Issue Receipt/Invoice.

Tax Treatment of Equity Based Compensation

RR 13-2022 Equity based compensation is subject to withholding tax. See Attached

BIR ORUS (Online Registration and Update System)

RMC 122-2022 Updating of Registration Information Records See Attached

e-Receipts/e-Invoices

RR 8-2022 issued on June 22, 2022 provide guidelines for the issuances of electronic receipts/or invoices.

Removal of 5-Yr Validity of OR/Invoices

See RR No. 6-2022 for details

Additional List of Withholding Agents

Central Business Portal

RMC 61-2022 in relation to Ease of Doing Business Act

RMC 46-2022

Clarification on submission of attachment on AITR for 2021.

Bank Bulletin No. 2022-11 and 2022-12

BB 2022-11 No “Verified TIN” stamp required for bank to accept payments BB 2022-12 Tax due payments on April 18 and amendment and attachments to the amended tax returns.