Taxand Philippines shares the latest updates to take note of with the following new issuances from the Bureau of Internal Revenue.
Revenue Regulations No. 10-2015 mandates the use of non-thermal paper for all CRM/POS and other invoice/receipt-generating machine/software
Revenue Memorandum Order No. 19-2015 prescribes the policies, guidelines, and procedures in the audit and investigation of tax returns
Revenue Memorandum Order No. 20-2015 provides the policies and guidelines in the issuance of Taxpayer Identification Numbers (TIN)
Revenue Memorandum Circular No. 58-2015 announces the availability of Electronic Bureau of Internal Revenue Forms (eBIR Forms) Package Version 5.1 and provides the step-by-step procedure of using the new version
Revenue Memorandum Circular 59-2015 announces the availability of Update of Exemption of Employees (UEE)