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Donations During Enhanced Community Quarantine

WebDuring the period of the Enhanced Community Quarantine (ECQ), the BIR issued the Revenue Regulation No. 9-2020, which implements Section 4 (Z) and Section …

Actived: 7 days ago

URL: https://mpca.com.ph/donations-during-enhanced-community-quarantine/

Fringe Benefits Under Philippine Taxation

WebRevenue Regulation (RR) 11-2018 imposed new tax rates for the taxable fringe benefits. Below is as follow: To determine the grossed-up value/tax base of the fringe benefit, the …

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Extended Deadline for Availing of Tax Amnesty on Delinquencies

WebPursuant to Administrative Order No. 30 s. 2020 of the President to direct all government agencies to suspend deadlines for the duration of community quarantine, …

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Cash and Accrual Accounting

WebDecember 5th, 2020. Guidelines. The two primary methods of accounting that are normally used today are Cash and Accrual Accounting. There are differences between both …

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Salary Differential

WebHere are the steps on how to compute salary differential: Compute the total maternity benefits. For monthly wages. Total benefits = monthly rate x maternity period in …

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Ten Percent (10%) Discount and VAT Exemption for Solo Parents

WebTo avail of the 10% discount and VAT exemption, all of the following conditions must be met: The Solo Parent has a child/children (as defined by RA No. …

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BIR launches the Electronic Invoicing/Receipting System (EIS)

WebWith the pilot date of July 2022, Bureau of Internal Revenue (BIR) was set to implement the Electronic Invoicing/Receipting System (EIS). Launched as part of the compliance with …

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PhilHealth December 2019 Contribution Hike

WebDecember 11th, 2019. Guidelines. As mountain hiking has been one of the squad goals of the “tropas” this year, Philippine Health Insurance Corporation (PhilHealth) has also …

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DE MINIMIS BENEFITS

WebBelow is the list of de minimis benefits with some items updated in amounts by Revenue Regulations No. 11-2018 (RR 11-2018): Monetized unused vacation leave …

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Money Management Tips to Improve Your Finances

WebHere are some tips to help you handle your finances effectively: Always create a budget. Creating a budget can help you set limits on how much money you can …

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PhilHealth Rate to Increase Starting June 2022

WebJune 24th, 2022. Guidelines. The Philippine Health Insurance Corporation (PhilHealth) is set to collect higher premium contributions from its members beginning this June, in …

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Guidelines Archives

WebThe Philippine Health Insurance Corporation (PhilHealth) is set to collect higher premium contributions from its members beginning this June, in accordance with the Universal …

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Securing Tax Exemption on Separation Pay

WebNovember 18th, 2019. Guidelines. Under the National Internal Revenue Code Section 32 (B) (6) (b), separation benefits received by an official or employee or by his heirs from the …

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Guidelines Archives

WebAs mountain hiking has been one of the squad goals of the “tropas” this year, Philippine Health Insurance Corporation (PhilHealth) has also joined the craze with a hike on its

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Guidelines Archives

WebThe Bureau of Internal Revenue (BIR) has recently issued Revenue Regulations (RR) No. 6-2022, which removes the five-year validity period on all manual and system-generated …

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Tax Implication of Donations

WebDonations and gifts made in favor of accredited non-stock, non-profit corporations/NGOs shall be exempted from the donor’s tax: Provided, however, that not …

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