The state government has initiated the process of forming a Municipal Council for Bir-Billing, one of the world’s premier paragliding sites and a rapidly developing tourist destination in ...

February, 2025 – Located in the heart of Wall Street in New York City, Federal Hall stands as a monument to the birth of the American presidency. It was here, on April 30, 1789, that George ...

HR obligations: Breaking down final pay compliance, COE issuance, and BIR Form 2316 Ensuring a smooth offboarding process: Philippine lawyer shares insights on requirements, policy alignment, and ...

The Bureau of Internal Revenue (BIR) reminds the taxpaying public that the filing of the Quarterly Income Tax Return for Individuals, Estates and Trusts (BIR Form No. 1701Q) is on or before May 15 ...

To expand its available payment channels, the Bureau of Internal Revenue (BIR) has partnered with the Development Bank of the Philippines (DBP) & MyEG, a market leader in electronic solutions ...

Self Certification form Nigeria: FIRS tax "Self Certification form" sample copy and why banks, financial institutions, some Nigerian account holders must to do am ...

In the early 1990s, the BIR had already prescribed a similar form, although only for foreign related-party transactions that is, BIR form no. 1702 H, known as the “Information Return on ...

Finally, on July 29 the Bureau of Internal Revenue issued the much-awaited Revenue Memorandum Circular No. 76-2020 to clarify issues on the filing of BIR form no. 1709.

In BIR Form No. 1709, foreign and domestic transactions have separate sections, and there are portions categorizing the transactions with the parent company, subsidiaries, associates, and others.

To plug hefty tax leakages from local and foreign deals involving related parties, the Bureau of Internal Revenue (BIR) on Friday mandated reporting of these types of transactions.