REVENUE MEMORANDUM CIRCULAR NO. 50-2021

 Guidelines in the Filing and Payment of Annual Income Tax Return by Non-Individual Taxpayers for the Taxable Years Ending July 31, 2020 to June 30, 2021

TRANSITORY RATES Annual Accounting Period (Transition TY 2020) 

CY 12-31-20

Regular Corporate Income Tax Rates     27.5%

 Other Domestic Corporations with Net Taxable Income ≤5M and Total Assets ≤100M, Exclusive of Land                                                         25%

RMC-50-2021 by Joel Sy on Scribd

REVENUE MEMORANDUM CIRCULAR NO. 46-2021

2020 annual income tax return is due on April 15, 2021

:point_right: Tentative 2020 annual income tax return may be filed on or before April 15, 2021

:point_right: Paid and filed Tentative 2020 annual income tax return may be amended on or before May 15, 2021 without imposition of penalties.

RMC No. 46-2021 by Joel Sy on Scribd