Guidelines in requesting extension of time to maintain and/or adopt a Computerized Accounting System (CAS) and/or components thereof
Revenue Memorandum Circular (RMC) No. 68-2010
dated August 9, 2010
Revenue Regulations (RR) No. 9-2009 made it mandatory for large taxpayers (LTs) to maintain and/or adopt a Computerized Accounting System (CAS) and/or components thereof, in accordance with Revenue Memorandum Order No. 29-2002, not later than December 31, 2009.
2010 Tax Updates Seminar by Philippine Chamber of Commerce and Industry (PCCI)
August 26, 2010 @ 1:00 pm- 5:30 pm, New World Hotel
Speakers:
BIR Commissioner Kim Jacinto-Henares - Keynote Speaker
Deputy Commissioner Estela Sales - New direction for the Legal and Enforcement Services, including policies on securing of rulings, applications for tax treaty relief, and cases with legal implications, as well as the run after tax evaders (RATE) program.
Atty. Benedicta Du-Baladad - Latest developments on Taxation, including laws, revenue regulations, rulings, Supreme Court and Court of Tax Appeals Decisions.
Verification and loading of unused DST load balances to the eDST system until August 31, 2010 only. Load balances not transferred as of this date is forfeited in favour of BIR.
Revenue Memorandum Order (RMO) No. 68-2010
dated July 2, 2010
With the implementation of the eDST System pursuant to Revenue Regulations No. 7-2009 (dated June 29, 2009), the use of the Documentary Stamp Tax Electronic Imprinting Machine (DSEIM) was discontinued effective January 1, 2010. As such, all unused/unloaded Documentary Stamps Tax (DST) balances in the said machines may, at the option of the taxpayer/user in possession of a DSEIM, be transferred to the eDST System, following the verification of the said machines by the concerned BIR Offices.
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