Happy Holidays! As the year 2023 is coming to an end, let us take a look back on the significant tax updates for the whole year. On January 1, 2023, individual taxpayers started to enjoy lower tax rates on their income. Those who were previously taxed at 20 percent to…
The Bureau of Internal Revenue (BIR), under the leadership of Commissioner Romeo D. Lumagui, Jr., has issued Revenue Regulations (RR) No. 12-2023 to define the tax compliance requirements of small Agricultural Producers. Per Section 237 of the Tax Code, as amended, all individuals subject to an internal revenue tax are…
The Bureau of Internal Revenue (BIR), under the leadership of Commissioner Romeo D. Lumagui, Jr., has issued Revenue Regulations (RR) No. 12-2023 to define
Small-farmer receipt exemption rules issued - BusinessWorld Online bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.