SEC NEW COMPLIANCE ON GENERAL INFORMATION SHEET TO INCLUDE BENEFICIAL INTEREST + LOREN’S SON SECURES SOLAR FRANCHISE + MORE ECOZONES IN MINDANAO PUSHED

NEW BIR FORM 2307 & 1604C 1604E & 1604F RELEASED + BIR STRUGGLES TO COPE WITH SURGE IN TIN REQUIREMENTS FOR POGO WORKERS + BIR AMENDS POLICIES ON REGISTRATION OF EMPLOYEES

Revenue Memorandum Circular (RMC) No. 68-2019, dated July 1, 2019, clarifies certain issues on the availment of the Estate Tax under Revenue Regulations (RR) No. 6-2019 or the Implementing Rules and Regulations of the Estate Tax Amnesty pursuant to Republic Act No. 11213 (Tax Amnesty Law of 2019).

Revenue Memorandum Order (RMO) No. 33-2019 dated June 27, 2019 prescribes the policies and guidelines as well as the procedures in the processing and monitoring of Estate Tax Amnesty availment pursuant to Tax Amnesty Law of 2019.

Findings of fraud based on third-party matching, through letter notice (LN), must be further verified; LN should be converted to letter of authority (LOA) before revenue officer may further examine taxpayer

Revenue Memorandum Circular (RMC) No. 57-2019, dated May 22, 2019, clarifies certain issues on the availment of Tax Amnesty on Delinquencies under Revenue Regulations (RR) No. 4-2019 or the Implementing Rules and Regulations of the Tax Amnesty Act of 2019.

Existence of retained earnings as a requisite on redemption of preferred shares; redeemable preferred shares may still be reacquired without sufficient retained earnings; redemption should not result to insolvency of the company

ACCUSED ACQUITTED DUE TO DEFENSE OF INSANITY AFTER FAILURE TO FILE ITR BUT CTA HELD CIVILLY LIABLE FOR PHP 8.5 MILLION ASSESSMENT + BIR EXPECTS TAX AMNESTY TO BOOST 2019 COLLECTIONS