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LATEST UPDATE
BIR REVENUE MEMORANDUM CIRCULAR NO. 17-2021
Extension of the Deadline for the Filing/Submission of the Annual
Information Return of Income Taxes Withheld on Compensation and
Final Withholding Taxes (BIR Form Nos. 1604-C and 1604-F)
SSS CIRCULAR NO. 2021-001
SSS Accredited collecting Agent for the period 01 November 2020 to 31 October 2021
ADVISORY
Cities that Extended & Ended the Deadline of Assessment and Payments of Business Permits
LATEST UPDATE
Revenue Memorandum Circular No. 8-2021
SUBJECT: Circularizing Republic Act No. 11467, entitled "An Act Amending Sections 109, 141, 142, 143, 144, 147, 152, 263, 263-A, 265, and 288-A' and Adding a New section 290-A to Republic Act No. 8424, as Amended, Otherwise Known as the National Internal Revenue Code of 1997, and for Other Purposes"
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SUBMISSION OF FORMS/NOTICES PURSUANT TO MEMORANDUM CIRCULAR NO. 28, SERIES OF 2020
The SEC is giving corporations, associations, partnerships and individuals under its supervision until February 22, 2021 to submit their email addresses and mobile phone numbers, pursuant to SEC Memorandum Circular No. 28, Series of 2020.
Those with certificates of registration issued after January 23, 2021 will have 30 days to comply with the requirement.
The forms/ notices must be emailed at MC28_S2020@sec.gov.ph.
SSS Circular 2020-032-b
This Circular announces the Amendments to the Guidelines for the Implementation of the Mandatory Provident Fund (MPF) Program for SSS Members
SEC PAYMENT FACILITIES SCHEDULE
Please be advised that the following SEC payment facilities will remain open on December 21, 22, 23, 28 and 29, 2020
LABOR ADVISORY NO. 32 SERIES OF 2020 (Page 02)
In Labor Advisory No. 32, series of 2020 signed by Secretary Silvestre Bello III, there are three special non-working holidays and two regular holidays in December. The special holidays are the Feast of the Immaculate Conception of Mary (December 8) Christmas Eve and New Year’s Eve, while the regular holidays are Christmas Day and Rizal Day (December 30).
Source: Higher pay for workers for December holidays | Department of Labor and Employment (dole.gov.ph)
LABOR ADVISORY NO. 32 SERIES OF 2020 (Page 01)
In Labor Advisory No. 32, series of 2020 signed by Secretary Silvestre Bello III, there are three special non-working holidays and two regular holidays in December. The special holidays are the Feast of the Immaculate Conception of Mary (December 8) Christmas Eve and New Year’s Eve, while the regular holidays are Christmas Day and Rizal Day (December 30).
Source: Higher pay for workers for December holidays | Department of Labor and Employment (dole.gov.ph)
SSS CIRCULAR No. 2020 - 033 Table
SCHEDULE OF REGULAR SOCIAL SECURITY, EMPLOYEES' COMPENSATION, AND MANDATORY PROVIDENT FUND CONTRIBUTIONS EMPLOYER AND EMPLOYEE
Revenue Memorandum Circular No. 8-2021
SUBJECT: Circularizing Republic Act No. 11467, entitled "An Act Amending Sections 109, 141, 142, 143, 144, 147, 152, 263, 263-A, 265, and 288-A' and Adding a New section 290-A to Republic Act No. 8424, as Amended, Otherwise Known as the National Internal Revenue Code of 1997, and for Other Purposes"
SSS CIRCULAR No. 2020 - 033 Page 1
NEW SCHEDULE OF SSS CONTRIBUTIONS EFFECTIVE JANUARY 2021
BIR REVENUE MEMORANDUM CIRCULAR No. 127-2020
Suspension of All Audit and other Field Operations of the Bureau of lnternal Revenue Effective December 15, 2O2O
Memorandum Circular No. 31-2020
Non-Imposition of Fines and Other Monetary Penalties for Non-Filing, Late Filing and Failure to Comply with Compulsory Notification and other Reportorial Requirements
Circular No. 2020-028 MORATORIUM ON SHORT-TERM LOAN PAYMENTS
Pursuant to Social Security Commission (SSC) resolution No. 551-s.2020 dated October 21, 2020 approving the recommendation to implement Moratorium on Short-Term Loan Payments as provided under Bayanihan Act 2, the following guidelines are hereby issued.
SEC NOTICE
Effective November 16, 2020, the SEC will be opening a receiving area for filing of AFS and GIS at the SEC Ortigas Office, Mandaluyong City through an Appointment System during the community quarantine.
You may contact the Commission during office hours on the ICTD interim hotline numbers available at the SEC Contact Center for clarifications.
SPECIAL HOUSING LOAN RESTRUCTURING
Waive all penalties on unpaid dues of your Pag-IBIG Housing Loan. Apply for a Special Housing Loan Restructuring today!
Offer until December 15, 2020 only.
REVENUE MEMORANDUM CIRCULAR NO. 112-2020
Suspension of Enlisting/Delisting of Large Taxpayers.
This has reference to the memorandum dated September 21,2020, postponing the effectivity of the enlisted and delisted taxpayers of the Large Taxpayers Service (LTS) to January 1,2021.
SSS CIRCULAR NO. 2020-006-d
This Circular announces the Further extension of deadline of remittance of contributions in aid to recovery.
REVENUE REGULATION NO. 27-2020
Regulations suspending the Filing and Ninety (90) - Day Processing of Value-Added Tax (VAT) Refund Claims Anchored Under Section 112 of the Tax Code of 1997, as Amended, in Relation to Section 4(tt) of Republic Act (R.A,) No - 11494, Otherwise Known as the "Bayanihan to Recover as One Act"
Pag-IBIG Fund grants grace period and offers special loan restructuring to aid borrowers
Pag-IBIG Fund’s top officials announced that the agency has granted a 60-day grace period on all loan payments and is offering a special loan restructuring program for home loan borrowers in its efforts to provide members financial relief amid the pandemic.
Secretary Eduardo D. del Rosario of the Department of Human Settlements and Urban Development and Chairman of the 11-member Pag-IBIG Fund Board of Trustees, said that they have granted a one-time 60-day grace period on payments of all loans in accordance with Republic Act No. 11494, otherwise known as the Bayanihan to Recover as One Act (Bayanihan 2), while providing its housing loan borrowers in arrears with a Special Housing Loan Restructuring Program to help update their accounts and keep their homes.
SSS Circular No. 2020 - 025
Revised Guidelines on the Moratorium on Short-Term Loan payments of SSS Members affected by the Corona Virus Disease 2019 (COVID-19) situation
Revenue Regulations (RR) No. 25-2020
In line with Bayanihan II, the Bureau of Internal Revenue (BIR) has issued Revenue Regulations (RR) No. 25-2020 extending the Net Operating Loss Carry-Over (NOLCO) period from 3 to 5 years
Revenue Memorandum Circular No. 92-2020
Further extends the deadline for business registration of those into digital transactions under RMC Nos. 60-2020 and 75-2020
Premium Payment for the Formal Sector
In light of President Rodrigo Duterte’s declaration of the Modified Enhanced Community Quarantine (MECQ) in major cities and provinces in the country, PhilHealth extended the payment of premium contributions for the formal sector under MECQ.
EXTENSION OF DEADLINES FOR THE SUBMISSION OF PRINTED/ HARD COPIES
Corporations whose fiscal years ended on 30 November 2019 or 31 December 2019, regardless of their SEC registration or license numbers, shall have until 30 September 2020 to submit the printed/ hard copies of their AFS to the SEC Main Office and Extension Offices.
Accordingly, the filing schedule based on the last digit of corporations’ SEC registration or license numbers, as provided in previous notices, shall no longer apply.
Corporations whose fiscal years ended between 31 January 2020 and 30 April 2020 shall have thirty (30) more days to file the printed/hard copies of their AFS from the filing deadlines previously provided in SEC Memorandum Circular No. 17, Series of 2020.
First Zoom Seminar / Webinar
@ AMV Business Center
REVENUE MEMORANDUM CIRCULAR No. 79 - 2020
Filing of Various Returns and Payment of Tax Due Thereon of Taxpayers
Under the Jurisdiction of National Capital Region, Bulacan, Cavite,
Laguna and Rizal.
Due to the declaration of Modified Enhanced Community Quarantine in National Capital Region (NRC), Bulacan, Cavite, Laguna and Rizal for the period August 4,2020 to August 18,2020, this Circular is being issued to inform taxpayers and others concerned on the filing and payment of
taxes during this period.
REGULAR HOLIDAY
AMV Business Center office will be close tomorrow July 31, 2020 in celebration of Eid Al Adha.
for urgent concern please visit here:
Revenue Memorandum Circular No. 75-2020
The Bureau of Internal Revenue Extends the deadline for business registration of those into digital transactions under Revenue Memorandum Circular No. 60-2020 until August 31, 2020 with no penalty imposition.
SEC NOTICE JULY 27, 2020
The Securities and Exchange Commission of the Philippines will open its payment facilities starting today July 27, 2020.
SSS Circular No. 2020 - 017
The Social Security System (SSS) is implementing a number coding system and modified service procedures in handling transactions in 61 selected branches nationwide.
Published here: https://bit.ly/3f0Zlst
BIR Revenue Memorandum Circular No. 69-2020
Prescribes the revised procedures on the cancellation of Permit to Use (PTU) Cash Register Machines (CRM), Point-of-Sale (POS) Machines, and other similar sales machines generating receipts/invoices in compliance with Republic Act No. 11032
For full text, http://ow.ly/xa7930qYHRN
Revenue Memorandum Order No. 21-2020
- Prescribes the policies, guidelines and procedures for the inspection or supervision of the destruction/disposal and determination of deductible expense pertaining to inventory of goods/assets which have been declared as waste or obsolete
- For full text, http://ow.ly/nXkW30qYHsT
- Annex A: http://ow.ly/e9CD30qYHsL
- Annex B: http://ow.ly/yVfe30qYHxI
- Annex C: http://ow.ly/gccC30qYHxT
- Annex C1: http://ow.ly/Rxvl30qYHy9
- Annex D: http://ow.ly/Nnbi30qYHyw
- Annex E: http://ow.ly/FmKD30qYHyJ
- Annex E1: http://ow.ly/Mb1h30qYHyZ
- Sworn Declaration of Asset Disposal: http://ow.ly/PqgW30qYHzb
AMV BUSINESS CENTER SERVICES
BUSINESS REGISTRATION & RENEWAL
BUSINESS RETIREMENT
BOOKKEEPING
IT & CCTV SERVICES
The SEC Main Office Closed
The SEC will continue receiving printed reports such as Annual Financial Statements (AFS) and the General Information Sheet (GIS), and other documents through the SEC Express Nationwide Submission (SENS) facility at https://sens.secexpress.ph/.
Corporations with SEC registration or license numbers ending in 1 and 2 shall have another week, from 10 to 14 August 2020, to submit their printed AFS to the SEC Main Office.
BIR-RR5 Regional RDO27 Caloocan
BIR-RR5 Regional RDO27 Caloocan Employees will resume work on July 6, 2020
REVENUE REGULATIONS No. 16-2020
Further suspends the due dates in the application of the ninety (90)-day period to process Value-Added Tax (VAT) refund/claim pursuant to Section 112 of the Tax Code of 1997, as amended by RA No. 10963 (TRAIN Law), for taxable quarters affected by the declaration of the national state of emergency.
4 STEPS TO SUBMIT AFS AND GIS WITHOUT GOING TO THE SEC OFFICE
Through SENS, you now have the option to submit your reportorial requirements [i.e. Audited Financial Statements (AFS) stamped received by the Bureau of Internal Revenue, and General Information Sheet (GIS)] without going to the SEC Office.
MY.SSS BANK ACCOUNT ENROLLMENT RECORDS
Before filing an application for any loan or benefits with SSS, enroll your bank account first at My.SSS. This will also be required from you before your application will be processed. Here's the 5 simple steps.
CESSATION OF MANDATORY GRACE PERIOD
Please be advised that under the BSP Memorandum No. M-2020-045 (BSP Memo No. 045), 1 and IATF Resolution No. 46-A series of 2020,2 placing the majority of the provinces and cities in the Philippines under either GCQ or MGCQ until 30 June 2020, the mandatory 30-day grace period under Sec. 4(aa) of Republic Act No. 11469, otherwise known as the Bayanihan to Heal As One Act shall no longer be applied effective 01 June 2020.
COVID-19 Calamity Loan Assistance Program (CLAP)
The Social Security System (SSS) opened its Calamity Loan Assistance Program (CLAP) for its members who are affected by the coronavirus disease 2019 (COVID-19) pandemic.
Pag-Ibig Calamity Loan Application
Your Human Resource Personnel, authorized representative, HDMF Fund Coordinator or outsourced company just like us could apply on your behalf the following requirements to the PAG-IBIG Fund email address designated for your area. It could easier if you would try to contact our experts for a constant help. (Our number is at the bottom of this page):
click the banner for complete guide.
SSS Online Account Creation
How to Create an account on MY.SSS for individual members? follow the step-by-step guide!
DOLE Labor Advisory No. 13-A
=DEFERMENT OF PAYMENT OF HOLIDAY PAY FOR THE APRIL 2020 HOLIDAYS=
On account of the existence of a national emergency as aforementioned, employers are allowed to defer payment of holiday pay on April 9, 10 and 11, 2020, as may be applicable, pursuant to Labor Advisory No. 13 Series of 2020 until such time that the present emergency situation has been abated and the normal operations of the establishments is in place.
COVID19 IN COMPLIANCE & DOCUMENTATION WITH THE GOVERNMENT
REVENUE MEMORANDUM CIRCULAR NO. 61-2020
Further extends the deadline on availment of Tax Amnesty on Delinquencies under RR No. 4-2019, as amended by RR No. 5-2020 in relation with RMC No. 33-2020, RMC No. 38-2020 and RR No. 11-2020.
ADVISORY: SSS CONTRIBUTION PAYMENT EXTENDED
SSS further extends the contribution payment deadline up to JUNE 30, 2020.
FOR REGULAR EMPLOYERS:
Applicable for the months of February, March and April 2020.
FOR HOUSEHOLD EMPLOYERS, VOLUNTARY, SELF-EMPLOYED AND NON-WORKING SPOUSE MEMBERS:
Applicable for 1st Quarter 2020 contributions.
ADVISORY: Small Business Wage Subsidy (SBWS)
Kindly go to the SBWS Portal, log-in to your (employer's) MY.SSS account. and click on the "SBWS Post-Payout Data Correction" Tab. Please comply as soon as possible so that we can process your employees’ SBWS payouts.
TOP 5 FAQS on SBWS application, payouts and returns. For the complete list, read here: https://bit.ly/2UH14Mg
Email: SBWSQueries@sss.gov.phCall
Center: 1455
Toll free: 1-800-10-2255777
ALLOWED MODES WITH LIMITED CAPACITY Phase 1 June 1-21 | Phase 2 June 22-30
As various areas in the country prepares to shift from Modified Enhanced Community Quarantine (MECQ) to General Community Quarantine (GCQ), the 'NEW NORMAL' necessitates the adoption of an updated Public Transport Guidelines and Protocols.
With this, the Department of Transportation (DOTr) releases the guidelines for the ROAD TRANSPORT sector.
hit banner for more info.
ATTENTION ONLINE SELLERS
REVENUE MEMORANDUM CIRCULAR NO. 60-2020
Notifies persons conducting business through any forms of electronic media regarding their tax obligations and the registration of their business with the BIR.
Hit banner for more
Revenue Regulations No. 14-2020
Amends the pertinent provisions on cash conversion of Unutilized Tax Credit Certificate under RR No. 5-2000.
For Revenue Memorandum Circular No. 54-2020
Announces the availability of the mobile application facility of the PayMaya Philippines, Inc. for the payment of internal revenue taxes.
Visit here, http://ow.ly/DSAK30qKt5j
Revenue Regulations No. 12-2020
Amends Section 2 of RR No. 10-2020, as amended by RR No. 11-2020, relative to the extension of statutory deadlines and timelines for the filing and submission of any document and the payment of taxes pursuant to Section 4 (z) of RA No. 11469 (Bayanihan to Heal As One Act)
BIR FB page? hit the banner
AMV Business Center office guidelines
Under the Omnibus guidelines on the implementation of community quarantine in the country released on Friday by The Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID) , the last day before the transition, under the MECQ gathering would be highly restricted and limited to not more than five persons while 50% allowed on business operations set by the IATF-EID.
We at AMVBC implemented a No Mask No Entry by all its staff while we strictly observe the social distancing policy of 1 -2 meters apart and not allowing any customers inside the premises.
for full text Omnibus-guidelines-on-the-implementation-of-community-quarantine-in-the-Philippines hit the banner.
Revenue Memorandum Circular No. 47-2020
Prescribes the guidelines on temporary measures adopted by taxpayers relative to the receipting/invoicing requirements during the Enhanced Community Quarantine (ECQ), in relation to the implementation of RA No. 11469 (Bayanihan to Heal as One Act).
for full text instruction hit the banner:
Revenue Regulations No.10-2020
Amends Section 2 of RR No. 7-2020 relative to the extension of statutory deadlines and timelines for the filing and submission of any document and payment of taxes pursuant to Section 4 (z) of RA No. 11469 (Bayanihan to Heal as One Act).
DTI Memorandum Circular 20-12
DTI issues Memorandum Circular 20-12: Guidelines on the Concessions on Residential Rents; Commercial Rents of MSMEs
ACCOUNTING TECHNICIAN CONGRESS 2020
dole to employers: give 13th month pay on time
Posted on 16 December 2019
NEWS RELEASE
DOLE to employers: Give 13th month pay on time The labor department renewed calls for private sector employers to release the 13th-month pay of workers not later than December 24.
Labor Secretary Silvestre Bello III echoed the reminder as DOLE is swamped with inquiries and complaints on the payment of workers mandatory 13th month benefit. “We call on our private sector employers to give the 13th-month pay of their rank and file employees on or before December 24,” Bello said. He added: “They are entitled to this benefit, regardless of the nature of their employment and irrespective of the methods by which their wages are paid, provided they worked for at least one month during the calendar year.”
The 13th-month pay is a mandatory benefit provided to employees pursuant to Presidential Decree No. 851. It is defined to mean one-twelfth (1/12) of the basic salary of an employee within a calendar year. The basic salary includes all remunerations or earnings paid by an employer to an employee for services rendered, but may not include cost-of-living allowances (COLA), profit-sharing payments, cash equivalents of unused vacation and sick leave credits, overtime pay, premium pay, night shift differential pay, holiday pay, and all allowances and monetary benefits which are not considered, or integrated as part of the regular or basic salary of the employee. Bello also said an employee who has resigned or whose services are terminated at any time before the payment of the thirteenth-month salary is entitled to this monetary benefit.
The amount is in proportion to the length of time the employee has worked during the year.
Thus, the 13th-month pay is computed from the time the employee has started working during the calendar year up to the time of his or her resignation or termination from service.
Employers are also duty-bound to report their compliance with this general labor standard.
The Labor Code provides that every covered employer is required to make a report of compliance with the law to the nearest DOLE regional office not later than January 15 of each year.
DOLE Logo, Department of Labor and Employment,
(BIR) REVENUE MEMORANDUM CIRCULAR No. 105-2019
Clarifies the Proper Tax Treatment of Maternity Leave Benefits Under Republic Act No. 11210 Otherwise Known as the "105-Day Maternity Leave Law"
Clarifies the Proper Tax Treatment of Maternity Leave Benefits Under Republic Act No. 11210 Otherwise Known as the "105-Day Maternity Leave Law"
PHILHEALTH ADVISORY
PhilHealth implements its new premium contribution schedule per PhilHealth Circular No. 2019-0009
PhilHealth implements its new premium contribution schedule per PhilHealth Circular No. 2019-0009
LONG WEEKEND HOLIDAY year 2020
