![[Ask the Tax Whiz] Updates on Alphanumeric Tax Codes for certain income payments under CREATE MORE](https://i.headtopics.com/images/2025/5/30/rapplerdotcom/ask-the-tax-whiz-updates-on-alphanumeric-tax-codes-ask-the-tax-whiz-updates-on-alphanumeric-tax-codes-1C15ABE72C06AD689473D57D83AE3FBB.webp)
The Philippine Tax Whiz explains the new provisions on Alphanumeric Tax Codes for specific income payments
This is AI generated summarization, which may have errors. For context, always refer to the full article.
How did CREATE MORE impact tax rates for registered business enterprises and credit card companies?, corporate income tax rate for domestic and resident foreign corporations classified as registered business enterprises under the Enhanced Deductions Regime was reduced from 25% to 20% on their taxable income derived from registered activities during the taxable year, applicable starting November 28, 2024.
Why did the Bureau of Internal Revenue modify and create new Alphanumeric Tax Codes for such payments?
Bureau Of Internal Revenue E-Commerce Finance Industry Foreign Investments In The Philippines Business Economy &Amp Governance Personal Finance
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
![[Ask The Tax Whiz] Reminder on the registration of non-resident DSPs](https://i.headtopics.com/images/2025/5/3/rapplerdotcom/ask-the-tax-whiz-reminder-on-the-registration-of-ask-the-tax-whiz-reminder-on-the-registration-of-33BE39F035EEDB62623B9A9E1FB20D1A.webp?w=640)
[Ask The Tax Whiz] Reminder on the registration of non-resident DSPsThe Philippine Tax Whiz explains the amendments to the transitory provision on complying with the tax imposed-VAT on Digital Service Providers (DSP) brought by Revenue Regulations 14-2025, as amended in Revenue Regulations (RR) 3-2025
Read more »
![[Ask The Tax Whiz] Revised private retirement benefit plan regulations](https://i.headtopics.com/images/2025/5/9/rapplerdotcom/ask-the-tax-whiz-revised-private-retirement-benefi-ask-the-tax-whiz-revised-private-retirement-benefi-0A13E981B0688835D481514136169062.webp?w=640)
[Ask The Tax Whiz] Revised private retirement benefit plan regulationsThe Philippine Tax Whiz explains the tax treatment of a Private Retirement Benefit Plan and related matters
Read more »
![[Ask The Tax Whiz] Clarification on the implementation of VAT on Digital Services](https://i.headtopics.com/images/2025/5/23/rapplerdotcom/ask-the-tax-whiz-clarification-on-the-implementati-ask-the-tax-whiz-clarification-on-the-implementati-6B66E90393184B5D3EC3D041999284F7.webp?w=640)
[Ask The Tax Whiz] Clarification on the implementation of VAT on Digital ServicesThe Philippine Tax Whiz elaborated the recently issued Revenue Memorandum Circular 047-2025, which clarifies the provisions of RR 3-2025 and addresses certain issues on the implementation of VAT on Digital Services
Read more »
CTA denies P407-M tax refund claimed by OceanaGoldThe Court of Tax Appeals (CTA) has denied anew the petition of Oceanagold Philippines, Inc. (OGPI) for a tax refund or tax credit of P407 million which it...
Read more »
FACT CHECK: QR codes in voter receipt don’t show names of candidates voted forWhile the National Citizens' Movement for Free Elections launched an app that can be used by voters in scanning QR codes to verify election transmitted results, this will not show the names of candidates they voted for
Read more »
Foodpanda launches interactive campaign to promote new discount codesFood delivery platform foodpanda has rolled out a new promotional campaign aimed at younger consumers, using a gamified influencer strategy to unveil two
Read more »