REVENUE MEMORANDUM CIRCULAR NO. 18-2024 issued on January 31, 2024announces the availability of the following BIR Forms in the Electronic Filing and PaymentSystem (eFPS):  BIR Form No. Description Deadline of Filing/Payment 1700 Annual Income TaxRMC No. 18 – 2024

REVENUE MEMORANDUM CIRCULAR NO. 17-2024 issued on January 26, 2024 publishesthe November 29, 2023 letter from Food and Drug Administration (FDA) Director General SamuelA. Zacate endorsing updates to the List of VAT-Exempt Medicines under RepublicRMC No. 17 – 2024

REVENUE MEMORANDUM CIRCULAR NO. 16-2024 issued on January 26, 2024 extendsthe deadline for the submission of Alphabetical List of Employees/Payees from whom taxes werewithheld for the taxable year 2023 using the new version of theRMC No. 16 – 2024

REVENUE MEMORANDUM CIRCULAR NO. 15-2024 issued on January 25, 2024 prescribes the temporary use of BIR Form No. 0605 for the remittance of Creditable Withholding Tax (CWT) by Joint Ventures/Consortiums under Revenue Regulations (RR) No.RMC No. 15 – 2024

     REVENUE MEMORANDUM CIRCULAR NO. 14-2024 issued on January 24, 2024 advises all business taxpayers that effective January 22, 2024, the BIR will cease to collect the Annual Registration Fee (ARF) from business taxpayers ThisRMC No. 14 – 2024

     REVENUE MEMORANDUM CIRCULAR NO. 13-2024 issued on January 22, 2024 clarifies the treatment of retirement benefits expense for financial reporting and tax purposes.      The Table below shows the differences between the recording andRMC No. 13 – 2024

REVENUE MEMORANDUM CIRCULAR NO. 12-2024 issued on January 22, 2024 clarifies the treatment of foreign currency transactions for financial reporting and internal revenue tax purposes.      The Table below shows the differences between theRMC No. 12 – 2024

REVENUE MEMORANDUM CIRCULAR NO. 11-2024 issued on January 22, 2024 clarifies the tax treatment of lease accounting by lessees under Philippine Financial Reporting Standard 16 (PFRS 16) in relation to Sections 34(A), 34(K), 106, 108,RMC No. 11 – 2024

REVENUE MEMORANDUM CIRCULAR NO. 10-2024 issued on January 22, 2024 announces the availability of Branch Account Enrollment Registration in the Online Registration and Update System (ORUS) for the Branches of the taxpayer starting January 15,RMC No. 10 – 2024

REVENUE MEMORANDUM CIRCULAR NO. 9-2024 issued on January 15, 2024 advises the Electronic Filing and Payment System (eFPS) users/taxpayers to disregard the surcharge computed by the system when filing an AMENDED tax return while theRMC No. 9 – 2024