Author Archives: Rey Lozada
Revised Provision on the Submission of Inventory List
Pursuant to the requirement in RMC 57-2015 See Attached
Online Registration of Books of Accounts
RMC 3-2023 dated January 10, 2023 prescribing the policies and guidelines on the Online Registration of Books of Accounts.
Transitory Provisions – Quarterly VAT Filings
See attached RMC 5-2023
Revised Alphalist Format
Please see attached
Reminder on Reduce Income Tax Rate
Just a reminder that under the Train Law (RA10963) as implemented under RR No. 8-2018, there has been reduction of income tax rate for individual in 2023.
BIR Audit and Field Operation for December 16, 2022 to January 8, 2023 Suspended (with exception)
See attached RMO 55-2022
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
LLB and Associates 