"HAPPY New Year!" As we stand on the threshold of a new chapter and embrace the possibilities and adventures that 2024 holds for us. We hope this year brings us joy, success and moments that will take our breath away. This 2024 is another year of new adventures and new beginnings to look forward to. The celebration of the Baptism of the Lord ended the Christmas season last January 8. That day also marked the resumption of the Bureau of Internal Revenue's audit and field operations.
Government, public practitioners and taxpayers (individuals and corporate) are continuously adapting to the new trend and culture in this fast-paced environment. One of the recent big moves was when President Ferdinand Marcos Jr. signed into law Republic Act (RA) 11976, also known as "Ease of Paying Taxes Act," last January 5. This is seen to significantly contribute to achieving the administration's 8-point socioeconomic agenda through much improved revenue collection through digitalization initiatives.
Continue reading with one of these options:
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)