Client Advisory Letter (January 2022)

At a glance

Updates, reiterations, and clarifications on selected topics

Mail matter A Warrant of Distraint and/or Levy already constitutes a final decision
30-day extension Extending the statutory deadlines during Alert Level 3 of higher levels
Moving deadlines Extending the due dates for taxpayer filings and BIR processes
School high Income taxation of proprietary educational institutions and non-profit hospitals
Stopgap Workaround procedures for the filing of returns and payment of gaming tax
Foreign retail Amendments to the Retail Trade Liberalization Act of 2000
Gratuitous transfers DST on the transfers of shares via donation or succession
Kidney diseases Disseminating the FDA updates to the list of VAT-exempt products
Vaccine update Updated list of VAT-exempt drugs and vaccines for COVID-19 treatment
Tax codes Modifying the ATCs affected by CREATE amendments to corporate income tax rates
Bank instructions Acceptance of returns and tax payments during Alert Level 3 and higher levels
State of calamity Tax filings and tax payments in areas affected by Typhoon Odette