Revocation of rulings on the non-taxability of build-to-own, build-your-own, and similar concepts
Revenue Memorandum Circular (RMC) Nos. 54-2010 and 55-2010
dated June 28, 2010
The Bureau of Internal Revenue issued two Revenue Memorandum Circulars (RMCs) revoking various BIR rulings which provided that the schemes of build-to-own, build-your-own, and similar concepts are not subject to income taxes and value-added taxes.
Financial Executives Institute of the Philippines (FINEX) Seminar [New Tax Rules and Compliance Requirements]
Thursday, July 15, 2010, 1:30 to 5:30 p.m.
Meeting Room 5, Dusit Thani Manila
Speakers:
Atty. Benedicta Du-Baladad
Managing Partner
Du-Baladad and Associates (BDB Law)
Topic: New Compliance Requirements and other Tax Updates
Atty. Gregorio V. Cabantac
Deputy Commissioner
Bureau of Internal Revenue
Topic: RATE and other Enforcement Rules
Frequently Asked Questions (FAQs) on the eDST System [Revenue Memorandum Circular (RMC) No. 51-2010]
Revenue Memorandum Circular (RMC) No. 51-2010
dated June 15, 2010
Given the implementation of the electronic Documentary Stamp Tax (eDST) System starting July 1, 2010, the Bureau of Internal Revenue has issued RMC 51-2010 to clarify the probable issues that may arise in the use of the eDST System. All taxpayers concerned are therefore advised accordingly.
To read the full text of RMC 51-2010, please click on the following link http://www.bdblaw.com.ph/index.php?option=com_dms&view=category&layout=table&Itemid=183&limitstart=0.
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