Last year, the BIR implemented a 1% withholding tax on online sellers to address tax leakages in the digital economy. It also created a task force to go after taxpayers using “fake transactions” and ...

BIR Form 1604-F (Final Withholding Taxes) and the Alphalist of Payees are also due on Jan. 31. • BIR Form 1604-E (Expanded Withholding Taxes) and the Alphalist of Payees need to be filed by March 1, ...

Withholding tax Taxpayers who withheld final taxes ... allowing the BIR access to the day-to-day forex rates used during the BIR audit. By approaching year-end compliance with careful planning ...