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No Extension But Can File Tentative ITR

RMC No. 46-2021 dated April 6, 2021 Clarifying the Deadline for Filing of Annual Income Tax Returns (AITR) for Taxable Year Ending December 31, 2020. Providing Guidelines in the Manner of Filing Thereof, including the use of Electronic Signature; and Reiterating Availability of eAFS.

CREATE ACT (RA#11534)

An Act reforming the Corporate Income Tax and Incentive Systems is signed into law. Highlights: RA 11534 cuts corporate income tax rate to 25 percent from the current 30 percent. Retroactive from July 1, 2020. According to the law, ‚ÄúProvided, that corporations with net taxable income not exceeding PHP5 million and with total assets notContinue reading “CREATE ACT (RA#11534)”

BIR eSignature

The BIR has issued RMC 29-2021 dated January 25, 2021 allowing eSignature on certain BIR Forms. See attached for the complete reference.

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