dDRBautista  Acctg Services

Revenue Regulations No. 3-2003 extends the deadline for registration and other compliance requirements during the transitory period of the imposition of Value-Added Tax (VAT) on sale of services by persons engaged in the practice of profession or calling professional services rendered by general professional partnerships; services rendered by actors, actresses, talents, singers and emcees; radio and television broadcasters and choreographers; musical, radio, movie, television and stage directors; and professional athletes, as well as services rendered by customs, real estate, stock, immigration and commercial brokers, beginning January 1, 2003. more

Revenue Memorandum Circular No. 6-2003 clarifies certain issues relative to the services rendered by individual professional practitioners, general professional partnerships, entertainers and professional athletes who are subject to the Value-Added Tax or Percentage Tax beginning January 1, 2003. more

To download forms for VAT registration:

(For PDF file, you need to install Acrobat Reader in your PC. To download Acrobat Reader, go to www.adobe.com)

 SSS revises schedule of contributions
Beginning March 1, 2003, the SSS will be following a revised schedule of monthly contributions, following the approval of its recommendation to increase the rate of contributions by one percent, to be shouldered solely by employers. Read Circular 11-P on this topic here.

 SSS amends payment deadline for SE/VM advance contributions
The SSS has amended the payment deadline for advance contribution payments of self-employed and voluntary members. Read Circular 10-P on this topic here

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Last modified: May 30, 2003