BIR issued RMC 4 – 2021 dated December 22, 2020 for the Guidelines of Filing ITR including the required Attachments and payments.
RMO No. 46-2020, dated December 23, 2020 provided guidelines and procedures for the availment of the reduced rate of 15% on Intercompany Dividend paid by domestic corporation to non-resident foreign corporation. It includes guidelines on Philippine Depository Receipts (PDRs).
The BIR issued RR 25-2020 dated September 30, 2020 signifying that NOLCO for the year 2020 to year 2021 can be carried forward for the next five years.