Is there truly relief in BIR's Relief?

By Merilyn Gomez-Cheng

Mar 02, 2022 12:26 am

BIR Revenue Regulation (RR) 1-2012 requires the mandatory submission of quarterly summary lists of sales and purchases by all VAT-registered taxpayers. This regulation amended Section 4.114-3 of BIR RR 16-2005, as amended, to wit:

– All persons liable for VAT, such as manufacturers, wholesalers and service providers, among others, are required to submit the summary list of sales

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Higher Q4 growth seen; 2024 target likely missed

Strong rally unlikely ahead of economic growth results

Fed expected to pause in first meeting under Trump

2024 foreign borrowing approvals fall to $13.68B

AstraZeneca wants to do clinical trials in PH – Roque

BOI fast-tracks 179 projects worth P4.55T

DA allots P3 billion for cold-storage facilities