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Regulatory Update No. 24

The BIR has released the following Revenue Regulations in week 24 (June 20 to June 26):

*Posted in the BIR website in week 24

Of these, we highlight RR no. 13-2021. This was issued to implement the penalty provisions of the TRAIN Law on certain violations and offenses. You can view more about it here.

You can check out the website of Bureau of Internal Revenue to know more or schedule a consultation with us for a simplified explanation.

Tip that Matters: Make it a habit to check the website or social media pages of regulatory agencies to keep abreast with any changes in regulations or any new requirements. You can also follow service providers like Numbers that Matter on Facebook, Instagram, and LinkedIn to be equipped with simplified and practical explanations on topics relevant to micro, small and medium enterprises.

Need to know more about any of the issuances? Contact us.


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