THE Bureau of Internal Revenue (BIR) said it established dedicated service counters to streamline tax filing and payment by registered business enterprises (RBEsTHE Bureau of Internal Revenue (BIR) said it established dedicated service counters to streamline tax filing and payment by registered business enterprises (RBEs

BIR establishes dedicated service counters for RBEs

2 min read

THE Bureau of Internal Revenue (BIR) said it established dedicated service counters to streamline tax filing and payment by registered business enterprises (RBEs).

“We are launching Special RBE Express Counters at 20 Revenue District Offices nationwide and at the Large Taxpayers Service,” BIR Commissioner Charlito Martin R. Mendoza said in a speech on Tuesday.

The Registered Business Enterprise Taxpayer Service (RBETS) will provide a centralized, consistent, and responsive approach to tax administration for RBEs, he said.

In preparation, the BIR trained personnel assigned to the new service counters, covering the RBE tax regime as outlined in the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act.

“RBETS is not yet a full service as the necessary plantilla positions are still being finalized. But rather than wait, we move forward,” Mr. Mendoza said.

Finance Secretary Frederick D. Go said RBETS will ensure the government’s incentive system is implemented in a fair, efficient, and responsive manner.

“By providing a centralized end-to-end taxpayer service for Registered Business Enterprises, to ensure a single, consistent interpretation and application of incentive rules across the tax system,” he said.

Mr. Go said the program will improve monitoring, enhance data quality, and curb revenue leakage.

“This allows the government to safeguard revenue collection, correctly identify high-risk cases, and focus enforcement where it matters most, while easing the burden on compliant taxpayers,” he said.

Trade Secretary Ma. Cristina A. Roque said reforms that streamline compliance build trust within the business community and show the administration’s commitment to an investor-friendly Philippines.

“We are currently finalizing the rules for the enhanced deduction regime alongside the BIR and the FIRB,” she added, referring to the Fiscal Incentives Review Board.

The BIR also extended the deadline for the filing of tax returns and the payment of the corresponding value-added tax by nonresident digital service providers to Jan. 25. — Aubrey Rose A. Inosante

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:

You May Also Like

Strategy to initiate a bitcoin security program addressing quantum uncertainty

Strategy to initiate a bitcoin security program addressing quantum uncertainty

Markets Share Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Strategy to initiate a bitcoin security prog
Share
Coindesk2026/02/06 18:21
Strategic Shift Impacts Crypto Trading Landscape

Strategic Shift Impacts Crypto Trading Landscape

The post Strategic Shift Impacts Crypto Trading Landscape appeared on BitcoinEthereumNews.com. Bybit Delists MILK: Strategic Shift Impacts Crypto Trading Landscape
Share
BitcoinEthereumNews2026/02/06 18:01
SEC clears framework for fast-tracked crypto ETF listings

SEC clears framework for fast-tracked crypto ETF listings

The post SEC clears framework for fast-tracked crypto ETF listings appeared on BitcoinEthereumNews.com. The Securities and Exchange Commission has approved new generic listing standards for spot crypto exchange-traded funds, clearing the way for faster approvals. Summary SEC has greenlighted new generic listing standards for spot crypto ETFs. Rule change eliminates lengthy case-by-case approvals, aligning crypto ETFs with commodity funds. Grayscale’s Digital Large Cap Fund and Bitcoin ETF options also gain approval. The U.S. SEC has approved new generic listing standards that will allow exchanges to fast-track spot crypto ETFs, marking a pivotal shift in U.S. digital asset regulation. According to a Sept. 17 press release, the SEC voted to approve rule changes from Nasdaq, NYSE Arca, and Cboe BZX, enabling them to list and trade commodity-based trust shares, including those holding spot digital assets, without submitting individual proposals for each product. A streamlined path for crypto ETFs Under the new rules, an ETF can be listed without SEC sign-off if its underlying asset trades on a market with surveillance-sharing agreements, has active CFTC-regulated futures contracts for at least six months, or already represents at least 40% of an existing listed ETF. This brings crypto ETFs in line with traditional commodity-based funds under Rule 6c-11, eliminating a process that could take up to 240 days. SEC chair Paul Atkins said the move was designed to “maximize investor choice and foster innovation” while ensuring the U.S. remains the leading market for digital assets. Jamie Selway, director of the division of trading and markets, called the framework “a rational, rules-based approach” that balances access with investor protection. First products already approved Alongside the new standards, the SEC cleared the listing of the Grayscale Digital Large Cap Fund, which tracks spot assets based on the CoinDesk 5 Index. It also approved trading of options tied to the Cboe Bitcoin U.S. ETF Index and its mini version, with…
Share
BitcoinEthereumNews2025/09/18 14:04