Implementing Rules and Regulations of RA 9994 (Expanded Senior Citizens Act of 2010)
IRR of Republic Act 9994
published June 21, 2010
Published in the Business Mirror on June 21, 2010 are the Implementing Rules and Regulations of Republic Act No. 9994, otherwise known as the “Expanded Senior Citizens Act of 2010".
Advisory for Insurance Companies: Amendments on Premium and DST
Revenue Memorandum Circular (RMC) No. 49-2010
dated June 3, 2010
The BIR has introduced, through RMC 49-2010, substantial amendments to RMC 30-2008 and 59-2008, on the taxability of Insurance Companies to Premium Tax, GRT and documentary stamp tax on the other types of income they generate aside from the premiums from their main activity of underwriting life insurance policies.
What taxpayers should know of electronic Letters of Authority (Revenue Memorandum Order No. 44-2010)
Revenue Memorandum Order (RMO) No. 44-2010
dated May 12, 2010
By this time, most taxpayers must have already received a Letter of Authority issued by the BIR. In this connection, taxpayers are advised of the important features of a valid electronic LA, as follows:
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