and relative to the issuance of Certificate of Value-Added Tax Withheld at September 16, , Amends the Revenue Regulations governing the. RR – Free download as Word Doc .doc), PDF File .pdf), Text File .txt) or read online for Secrets to Prevent BIR Audit and Eliminate Tax Assessments. Executive Orders · BIR Issuances RR No. , Further amends Section 9 of Revenue Regulations No. relative to the certain provisions of RR No. , as amended, to implement further amendments pursuant to RA No.

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Revenue Regulations – Bureau of Internal Revenue

Prescribes the regulations governing the manner of issuance of Tax Credit Certificates and the conditions for their use, revalidation and transfer.

BIR duly stamped received sworn declaration not later than five 5 days from the date of receipt by the BIR. While the services of the clerks may be casual, they are rendered in the course of the employer’s trade or business and therefore the remuneration paid for such services is considered as compensation.

For purposes of substantiating the claim of insurance expense, the policy contract shall be presented to the employer together with the original official receipt of the premium payment, in addition to the documents which will be prescribed by the BIR in a separate regulation to determine the aggregate of his family income. B In general, taxes shall be withheld from the wages of the wife in accordance with the schedule for a married person without any qualified dependent.

Amends certain sections of RR Noas amended, otherwise known as the Revenue Regulations governing the imposition of excise tax on automobiles. In case of dispositions of real property made by individuals to government or any of its political subdivisions or agencies or to government-owned or controlled corporations, the tax to be imposed shall be determined either under Sec.

Use the monthly withholding tax table to compute the tax, and the tax so computed shall be multiplied by three 3 or six 6 accordingly. The Register of Deeds shall annotate on the Transfer Certificate of Title of the said property such information required under Section 58 E of the Code. Provided, however, That the aggregate amount to be imposed for all such failures during a calendar year shall not exceed twenty-five thousand pesos P25, Real property, other than capital asset, by an individual, estate, trust, trust fund or pension fund or by a corporation who is not habitually engaged in the real estate business — Seven and one-half percent 7.

Prescribes the rules and regulations for the effective implementation of the tax incentives provided for qualified jewelry enterprises under Republic Act No. A Person for whom the services are or were performed does not have control.

A, single, with no qualified dependent receives P6, as regular monthly compensation.


Withholding of Creditable Value-Added Tax In general, value-added tax due on sales of goods and services are not subject to withholding since the tax is not determinable at the time of sale. Where the consideration or part thereof is payable on installment, no withholding of tax is required to be made on the periodic installment payments where the buyer is an individual not engaged in trade or business.

A The husband shall be deemed the proper claimant of the additional exemption in respect to any dependent children, unless he explicitly waives his right in favor of his wife in the application for registration or in the withholding exemption certificate.

The numerals affixed to the status symbols “ME” and HF” represent the number of qualified legitimate, illegitimate, or legally adopted children; Exemption — means the amount of exemption in thousand pesos an employee is entitled to claim as a deduction from gross compensation income in accordance with the status and number of qualified dependent children.

Fix the compensation level as follows: E Liability of designated officers. The additional exemptions for qualified dependent children shall be claimed by only one of the spouses in the case of married individuals. Prescribes the rules and regulations in the bif of the provision on Improperly Accumulated Earnings Tax. big

However, the wife shall claim full additional exemption for children in the following cases: Such structure includes sewers and sewerage disposal plants and systems, parks, playgrounds, and other recreational works, refineries, chemical plants and similar industrial plants requiring specialized engineering knowledge and skills, powerhouse, power plants and other utility plants and installation, mines and metallurgical plants, cement and concrete works in connection with the above-mentioned fixed works.

Such liability stays even if the employee subsequently pays the tax. The employee who opts to file the Income Tax Return shall file the same not later than April 15 of the year immediately following the taxable year. The separation from the service of the official or employee must not be asked for or initiated by him. Further implements certain provisions of the Tax Code of relative to the compromise settlement of internal revenue tax liabilities.

D Liability of designated officers — 1 Additions to the tax — The designated Treasurers, Chief Accountants and other persons holding similar positions, who have the duty to withhold and remit the value added tax in their respective offices shall be personally liable for the additions to the tax prescribed in Sec.

B Creditable Withholding Tax. Defers the implementation of the amendatory provisions introduced by RR No.

Amends the provisions of RR No. Use the appropriate tables for the payroll period; monthly semi-monthly weekly or daily as the case may be. If the employer fails to withhold and remit the correct amount of tax, such tax shall be collected from the employer together with the penalties or additions to the tax otherwise applicable.

G Income Payment to a Domestic Corporation. Amends certain provision of RR No. It shall be duly established by the employer by competent evidence which should be attached to the monthly return for the period in which the amount paid due to the involuntary separation was made.


If the deficiency tax is more than the amount of last compensation to be paid to an employee, the employer shall be liable to pay the amount of tax which cannot be collected from the employee. If the services are rendered at a stipulated price, in the absence of evidence to the contrary, such price will be presumed to be the fair market value of the remuneration received. Prescribes the tax administration treatment of petroleum and petroleum products imported into the Philippines including those coming in through freeport zones and economic zones and registration of all storage tanks, facilities, depots and terminals.

Implements Section 34 E of the Tax Code of relative to the requirements for deductibility of bad debts from gross income. Amends pertinent portions of RR Nos. Amends pertinent provisions of RR No. Amends further RR Nos. Newer Post Older Post Home.

Grants moratorium on the withholding of Income Tax on the compensation income of public elementary and secondary school teachers employed by the national government. He received for the year, the following: The excess tax when the amount of cumulative tax already deducted and withheld is greater than the tax computed in Step 5 shall be credited or refunded to the employee not later than January bie of the following year.

The fourth copy shall be the file copy of the withholding agent. Further amends the provisions of RR No.

2018 Revenue Regulations

C The alphabetical list of employees shall be prepared indicating among others, separate listings of the following: Taxes withheld on income payments covered by the expanded withholding tax referred to in Sec. Such fiduciary, agent, or other person may also be authorized to make and file returns of the tax withheld at source on such compensation and to furnish the receipts required under these Regulations.

C, married with two 2 qualified dependent children receives P5, H waived his right to claim for the additional exemptions in favor of his wife.

The remuneration paid for the services above enumerated which are performed in or about rooming or lodging houses, boarding houses, clubs, hotels, hospitals or commercial offices or establishments is considered as compensation; Remuneration paid for services performed as a private secretary, even if they are performed in the employer’s home is considered as compensation; 4 Remuneration for casual labor not in the course of an employer’s trade or business.

Amends further pertinent provisions of RR Nos.