Bureau of Internal Revenue Streamlines Tax Requirements

The Bureau of Internal Revenue issued an order that reduces documentary requirements for taxpayers wishing to register their businesses. Under the new order, documentary requirements to register for tax identification number, apply for authority to issue receipts and invoices, and keep book of accounts were streamlined. Business groups have been calling on the government to simplify requirements and reduce paper transactions. Additionally, they urged…

Subscribe via email for complete access to Supreme Consult’s weekly report on political and investment risks in the Philippines.