Tax Updates and Guidelines

Overview

This session will cover key and important updates of the Bureau of Internal Revenue (BIR) in the 2nd quarter of calendar year 2023. This includes discussion on the major updates on tax rates for individuals and corporate taxpayers, changes on filing and payment rules of the BIR, including penalties that may be incurred thereof in case of noncompliance, clarifications on tax exemption rules, particularly on registered business enterprises (RBEs), and other significant updates on the tax rules and regulations for consideration of individuals and businesses, including their accountants, bookkeepers and/or tax agents.

Objective

● To be updated on the new BIR rules and regulations;
● To be informed of the new guidelines in filing and payment of tax returns;
● To be aware of the new systems and features available for tax compliance; and
● To understand concepts on several tax topics.

Who Should Participate

● Business owners of MSMEs or large corporations
● Finance / accounting associates, supervisors, or managers
● Accounting and tax professionals
● Individuals filing their own tax returns