REVENUE MEMORANDUM CIRCULAR NO. 54-2014 issued on June 17, 2014 clarifies the issues relative to the application for Value-Added Tax (VAT) refund/credit under Section 112 of the Tax Code, as amended.         Section 112RMC No. 54-2014

REVENUE MEMORANDUM CIRCULAR NO. 53-2014 issued on June 17, 2014 notifies the loss of several Revenue Official Receipts (BIR Form No. 2524) with pertinent information, to wit: Serial Number Missing Copy/Set ROR201201505001 – ROR201201505050 Revenue Collection Officer’sRMC No. 53-2014

REVENUE MEMORANDUM CIRCULAR NO. 52-2014 issued on June 11, 2014 provides questions and answers to further clarify the issues and concerns on the use of the Mobile Revenue Collection Officers System (MRCOS) thru the Collection Officers ReceiptingRMC No. 52-2014

REVENUE MEMORANDUM CIRCULAR NO. 51-2014 issued on June 11, 2014 clarifies the inurement prohibition under Section 30 of the National Internal Revenue Code (NIRC) of 1997.   In order for an entity to qualify as a non-stockRMC No. 51-2014

REVENUE MEMORANDUM CIRCULAR NO. 50-2014 issued on June 10, 2014 reiterates and clarifies the requirement in the issuance of Withdrawal Certificate (WC) for every removal of petroleum or petroleum products.        For petroleum or petroleumRMC No. 50-2014

REVENUE MEMORANDUM CIRCULAR NO. 49-2014 issued on June 10, 2014 publishes Wage Order No. IVA-16, which sets the new minimum wage and provides advisory guidelines on productivity based pay for private establishments in Region-IVA.      RMC No. 49-2014

REVENUE MEMORANDUM CIRCULAR NO. 48-2014 issued on June 9, 2014 extends the deadline for submission of Electronic Sales (eSales) reports for the month of May 2014 until June 30, 2014, as transitory procedure using the enhanced andRMC No. 48-2014

REVENUE MEMORANDUM CIRCULAR NO. 47-2014 issued on May 30, 2014 publishes the full text of the Memorandum of Understanding (MOU) between the Bureau of Internal Revenue (BIR) and Home Development Mutual Fund (referred to asRMC No. 47-2014

REVENUE MEMORANDUM CIRCULAR NO. 46-2014 issued on May 30, 2014 clarifies the taxability of financial lease for purposes of Documentary Stamp Tax (DST).      Revenue Regulations No. 9-2004 defines Financial Leasing as a mode ofRMC No. 46-2014

REVENUE MEMORANDUM CIRCULAR NO. 45-2014 issued on May 28, 2014 prescribes the use of the enhanced and integrated Electronic Accreditation and Registration (eAccReg) and Electronic Sales Reporting (eSales) Systems by all taxpayers with Cash Register Machine/Point-of-Sales (CRM/POS)RMC No. 45-2014