December 2023 tax Archives | CloudCFO PH

December 2023 tax

February 28, 2024

March 2024 Tax Calendar

As we step into the final month of the first quarter, we give you full access to our March 2024 Tax Calendar. It’s imperative to stay ahead of your tax responsibilities and March brings forth crucial deadlines and obligations that demand your attention. Whether it’s filing returns, settling dues, or staying compliant with regulations, keeping […]

February 21, 2024

Guide to Setting Up a BPO in the Philippines: Navigating Regulations with CloudCFO

Thinking of setting up a BPO in the Philippines? Here’s a comprehensive guide on regulations that you need to comply with!

February 8, 2024

DOLE issues revised IRR on Service Charge Law 

The Department of Labor and Employment (DOLE) has issued the revised implementing rules and regulations (IRR) of the Republic Act (RA) 11360 or the Service Charge Law, which now covers a broader range of establishments, including hotels, restaurants, and entities operating primarily as private subsidiaries of the government. The term ‘service charge’ is clearly defined […]

February 7, 2024

BIR Clarifies Tax Treatment On Cross-Border Services

The Bureau of Internal Revenue (BIR) recently issued Revenue Memorandum Circular (RMC) No. 5-2024, clarifying cross-border services’ tax treatment. This circular stems from the Supreme Court’s decisive ruling in the case of Aces Philippines Cellular Satellite Corp. vs. Commissioner of Internal Revenue (G.R. No. 226680, 30 August 2022). Effective immediately upon issuance, RMC No. 5-2024 […]

February 1, 2024

PSA: Pag-IBIG Fund Contribution Increase Takes Effect in February 2024

, Pag-IBIG Fund has implemented a contribution increase for both employees and employers, set to take effect in February 2024. This adjustment, designed to double savings and increase cash loan entitlements for members, requires businesses to promptly adapt their payroll structures.

January 30, 2024

February 2024 Tax Calendar

Stay ahead with your tax obligations with our February 2024 tax calendar.

January 23, 2024

Announcement: New Ease of Paying Taxes Act (RA 11976) Transforms Tax Landscape in the Philippines

President Ferdinand R. Marcos, Jr. signed the groundbreaking Ease of Paying Taxes Act (RA 11976) into law on January 5, 2024.

January 17, 2024

Navigating Change: BIR Introduces Withholding Tax Amendments for E-Marketplace Operators and Digital Financial Services

Online merchants and sellers earning more than P500,000 annually are now subject to a 1% withholding tax, according to the BIR.

January 12, 2024

BIR Waives Collection of Annual Registration Fee: A Game-Changer for SMEs and Startups

In a transformative move set to redefine the business taxation landscape, the Bureau of Internal Revenue (BIR) has announced that it will no longer collect the Annual Registration Fee (ARF) from business taxpayers, effective January 22, 2024. This pivotal change, aligned with Republic Act No. 11976, also known as the “Ease of Paying Taxes Act,” […]