Greenpoint Consultancy

Greenpoint Consultancy Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Greenpoint Consultancy, Accountant, 27F The Stiles Enterprise Plaza, Theater Drive, Hippodromo St, Makati.

Greenpoint is a full-suite accounting and financial services firm offering bookkeeping, outsourced accounting, and corporate finance services to local and foreign startups, SMEs and family businesses. Our team is composed of seasoned accounting and finance professionals that have broad experience catering clients in various industries including F&B, services, technology, retail, distribution, ecommerce, manufacturing, non-profit, real estate, and infrastructure.

📣 Tax Update Alert!✅ Key Points• The BIR extended, without corresponding penalties, until August 18, 2026, the deadlines...
17/08/2026

📣 Tax Update Alert!

✅ Key Points
• The BIR extended, without corresponding penalties, until August 18, 2026, the deadlines for electronic filing of tax returns, payment of taxes due, and submission of required documents for (1) taxpayers covered by RMC No. 89-2026 and (2) taxpayers affected by the unavailability of the eBIRForms Offline Package due to technical issues.
• The extension covers specified submission, e-submission, e-filing, e-payment/remittance, and One-Time Transaction (ONETT) obligations whose original deadlines fall within the periods specified in the Circular.
• Covered July 2026 obligations include, among others, certain sugar-related information submissions, monthly e-Sales reports, BIR Forms 2200-M, 1601-C, 0619-E, 0619-F, 2200-C, 0620, 1600-VT, 1600-PT, and 1606, as well as related withholding tax and remittance obligations.
• The extension also covers specified obligations originally due on August 11, August 15, and August 16, 2026, as well as certain ONETT and payment obligations with deadlines falling from August 10 to August 17, 2026.
• Taxpayers mandated to use eFPS who are not identified in RMC No. 89-2026 are not covered by this extension and must continue using eFPS to file their returns and pay their tax dues.

✅ Who's Impacted?
• Taxpayers identified in RMC No. 89-2026; and
• Taxpayers affected by the unavailability of the eBIRForms Offline Package due to technical issues.
Taxpayers mandated to use eFPS but not identified in RMC No. 89-2026 remain subject to the regular eFPS filing and payment requirements.

✅ What Actions Should Be Taken?
• Determine whether the taxpayer falls within either category covered by the extension.
• Review the applicable returns, payments, and submissions listed in RMC No. 95-2026.
• For covered obligations, complete the required filing, payment, remittance, or submission on or before August 18, 2026.
• Taxpayers not covered by the extension should continue complying with their applicable regular filing and payment deadlines.

📝 For Full Reference, check out the published RMC.
👉 RMC No. 95-2026 – Official BIR PDF

📣 Tax Update Alert!✅ Key Points• The BIR extended the deadlines for the filing of tax returns, payment of corresponding ...
13/08/2026

📣 Tax Update Alert!

✅ Key Points
• The BIR extended the deadlines for the filing of tax returns, payment of corresponding taxes, and submission of required documents for taxpayers within the identified Revenue District Offices (RDOs) affected by the continued heavy rainfall brought about by the Southwest Monsoon and typhoons.
• The affected areas cover specified RDOs in Metro Manila, Ilocos Sur, La Union, Pangasinan, Abra, Apayao, Benguet, Ifugao, Kalinga, Mountain Province, Bataan, Bulacan, Pampanga, Tarlac, Zambales, Cavite, Batangas, Rizal, and Mindoro.
• The extended deadline is generally August 17, 2026, covering specified tax returns, payments, e-filings, e-submissions, and other required documents originally due during the affected period.
• The Circular covers various tax returns, payment obligations, e-filings, e-submissions, and other compliance requirements, with specific deadlines extended to August 17, 2026.
• The extension applies throughout the identified affected areas. If an extended deadline falls on a holiday or non-working day, the relevant submission or filing shall be made on the next working day.

✅ Who’s Impacted?
Taxpayers and other concerned parties within the specified RDO jurisdictions affected by the continued heavy rainfall brought about by the Southwest Monsoon and typhoons, including affected Authorized Agent Banks (AABs).

✅ What Actions Should Be Taken?
• Identify whether the taxpayer falls within one of the affected RDOs listed in the Circular.
• Review tax filing, payment, and submission deadlines covered by the extension.
• Complete the applicable filings, payments, e-submissions, and document submissions on or before August 17, 2026, where covered by the Circular.
• If an extended deadline falls on a holiday or non-working day, comply on the next working day.

📝 For full reference, including the official BIR issuance:
👉 RMC No. 089-2026 – Official BIR PDF

📣 Tax Update Alert!✅ Key Points• RMC No. 081-2026 prescribes interim workaround procedures for claiming the five-year Ne...
23/07/2026

📣 Tax Update Alert!

✅ Key Points
• RMC No. 081-2026 prescribes interim workaround procedures for claiming the five-year Net Operating Loss Carry-Over (NOLCO) incurred in Taxable Years 2020 and 2021 through the Offline eBIRForms Package and Electronic Filing and Payment System (eFPS).
• The current eBIRForms Package and eFPS only allow NOLCO entries for the three immediately preceding taxable years, necessitating a temporary workaround for eligible taxpayers.
• Taxpayers filing BIR Forms 1701, 1702-RT, and 1702-MX may follow the procedures in the attached Annex to properly claim eligible NOLCO.
• Taxpayers should use the Special Allowable Itemized Deductions Schedule to encode any remaining eligible NOLCO that cannot be entered in the NOLCO Schedule.
• The workaround applies only to qualified taxpayers claiming NOLCO incurred in Taxable Years 2020 and 2021 under the extended five-year carry-over period.

✅ Who's Impacted?
• Individual and corporate taxpayers filing BIR Forms 1701, 1702-RT, and 1702-MX claiming eligible NOLCO incurred in Taxable Years 2020 and/or 2021.
• Qualified fiscal-year taxpayers covered by RMC No. 138-2020.

✅ What Actions Should Be Taken?
• Follow the temporary workaround procedures in the official Annex when preparing and filing income tax returns.
• Ensure that total NOLCO claimed does not exceed the allowable deduction.
• Use "RA 11494" as the Legal Basis when encoding applicable NOLCO under the Special Allowable Itemized Deductions Schedule.
• Validate the return before submission and retain supporting records.

📝 For full reference, refer to the official issuance published by the BIR.

📣 Tax Update Alert!✅ Key Points• RMC No. 79-2026 clarifies the implementation of Revenue Regulations (RR) No. 24-2025 on...
23/07/2026

📣 Tax Update Alert!

✅ Key Points
• RMC No. 79-2026 clarifies the implementation of Revenue Regulations (RR) No. 24-2025 on the imposition of the 0.5% Creditable Withholding Tax (CWT) on purchases by Top Withholding Agents (TWAs) from manufacturers and direct importers.
• The 0.5% CWT applies if the supplier is either a manufacturer or a direct importer of covered goods intended for wholesale. A supplier is not required to be both.
• The term "intended for wholesale" refers to the seller's ordinary course of business, rather than the buyer's intended use. The 0.5% CWT may still apply even if the buyer acquires the goods for its own consumption, provided the seller primarily engages in wholesale transactions.
• The Circular clarifies the scope of covered goods, including motor vehicles (including CKD units and motorcycles), pharmaceutical products, and solid or liquid fuels and related petroleum products.
• Manufacturers and direct importers may establish their eligibility through supporting registration and accreditation documents.
• TWAs may correct withholding tax errors through BIR Form No. 1601EQ, subject to the rules under RR No. 11-2018, as amended.

✅ Who's Impacted?
• Top Withholding Agents (TWAs)
• Manufacturers
• Direct importers
• Suppliers of covered goods
• Pharmaceutical companies
• Motor vehicle manufacturers and importers
• Petroleum and fuel industry participants

✅ What Actions Should Be Taken?
• Review supplier classifications to determine whether they qualify as manufacturers or direct importers.
• Confirm whether transactions qualify as wholesale based on the seller's regular business operations.
• Update withholding tax procedures to ensure the correct CWT rate is applied under RR No. 24-2025.
• Maintain supporting registration and accreditation documents.
• Correct withholding tax errors through timely adjustments in BIR Form No. 1601EQ within the allowable period.

📝 For full reference, refer to the official issuance published by the BIR:
👉https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2079-2026_redacted.pdf

📣 Tax Update Alert!✅ Key Points• RR No. 4-2026 prescribes guidelines for the one-time abatement of taxes and/or penaltie...
02/07/2026

📣 Tax Update Alert!

✅ Key Points
• RR No. 4-2026 prescribes guidelines for the one-time abatement of taxes and/or penalties for qualified micro taxpayers.
• Covered cases include delinquent accounts, assessments, and open stop-filer cases existing as of December 31, 2025.
• The abatement applies to micro taxpayers with delinquent or assessed basic tax and/or penalties of not more than ₱80,000 per taxable year.
• Qualified taxpayers must manually file the application with the Revenue District Office (RDO) using the prescribed BIR form attached as Annex "A."
• A ₱5,000 abatement fee must be paid within five (5) working days from filing using BIR Form No. 0605.
• Availment is available until December 31, 2026, unless extended by the Secretary of Finance upon recommendation of the Commissioner of Internal Revenue.

✅ Who’s Impacted?
Micro taxpayers, whether natural or juridical persons, including those that have ceased business operations.

✅ What Actions Should Be Taken?
Qualified taxpayers should file the prescribed application with the proper RDO, specify the covered tax types and basic amounts due, pay the ₱5,000 abatement fee within the prescribed period, and submit proof of payment on time.

📝 For full reference, refer to the official issuance published by the BIR:
👉https://bir-cdn.bir.gov.ph/BIR/pdf/RR%20No.%204-2026_Redacted.pdf

📣 Tax Update Alert!✅ Key Points• RMC No. 64-2026 provides supplemental guidelines for generating a Registration Seal Bad...
22/06/2026

📣 Tax Update Alert!

✅ Key Points
• RMC No. 64-2026 provides supplemental guidelines for generating a Registration Seal Badge through the BIR's Online Registration and Update System (ORUS).
• Existing taxpayers with no updates to their registration information may generate and download their Registration Seal Badge through ORUS.
• A ₱30.00 Documentary Stamp Tax (DST) must be paid through BIR ePayment Channels before downloading the latest COR with QR Code and Registration Seal Badge.
• The Registration Seal Badge must be displayed on applicable websites, e-marketplace seller pages, e-commerce platforms, and monetized digital channels.

✅ Who's Impacted?
Online sellers, e-marketplace merchants, e-commerce businesses, content creators, influencers, vloggers, live streamers, affiliate marketers, and other taxpayers conducting business through digital platforms.

✅ What Actions Should Be Taken?
• Log in to ORUS and synchronize registration records.
• Generate and download the Registration Seal Badge.
• Pay the required ₱30.00 DST.
• Display the Registration Seal Badge on applicable online platforms.

📝 For full reference, refer to the official issuance published by the BIR:
👉https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%2064-2026.pdf

📣 Tax Update Alert!✅ Key Points• RMC No. 59-2026 provides additional guidance on the implementation of the 12% VAT on Di...
10/06/2026

📣 Tax Update Alert!

✅ Key Points
• RMC No. 59-2026 provides additional guidance on the implementation of the 12% VAT on Digital Services under RR No. 3-2025.
• Nonresident Digital Service Providers (NRDSPs) supplying digital services to Philippine consumers may still be required to register with the BIR and comply with VAT reporting requirements.
• Philippine businesses purchasing digital services from foreign providers may be required to withhold and remit 12% VAT under the reverse charge mechanism.
• The BIR clarified the VAT treatment of online booking platforms, digital advertising services, e-marketplaces, and digital payment services.
• Tax treaty benefits do not automatically exempt NRDSPs from VAT on Digital Services.
✅ Who's Impacted?
NRDSPs, e-marketplaces, online booking platforms, digital advertisers, payment service providers, and Philippine businesses purchasing digital services from foreign suppliers.

✅ What Actions Should Be Taken?
• Review digital service transactions and VAT obligations.
• Assess whether reverse charge VAT rules apply.
• Confirm proper VAT treatment of platform fees, subscriptions, commissions, and advertising services.
• Update internal compliance procedures based on the new BIR clarifications.

📝 For full reference, refer to the official issuance published by the BIR:
👉https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2059-2026.pdf

📣 Tax Update Alert!✅ Key Points• RMC No. 57-2026 clarifies that jackpot prizes derived from casino and other gambling ac...
09/06/2026

📣 Tax Update Alert!
✅ Key Points
• RMC No. 57-2026 clarifies that jackpot prizes derived from casino and other gambling activities are considered “winnings” under the National Internal Revenue Code (Tax Code) and are therefore subject to final withholding tax.
• The Circular was issued to address questions on whether jackpot prizes, including fixed and progressive jackpots, fall within the statutory definition of winnings and are consequently subject to final tax.
• The Circular applies to jackpot prizes or similar winnings received by individuals from participation in casino gaming and other gambling activities, including activities conducted by licensed gaming operators.
• For clarity, the Circular defines key terms such as:
o Jackpot Prize
o Electronic Gaming Machine (EGM)
o Casino
o Gaming Operators
o Bingo
o Progressive Jackpot Prize
• The tax base for computing the final withholding tax is the gross amount of the jackpot prize or winnings, without deductions for service charges, administrative fees, commissions, or similar charges.
• Individuals covered under Section 24(B)(1) has a Final Withholding Tax Rate of 20%
• Non-resident aliens not engaged in trade or business in the Philippines has a Final Withholding Tax Rate of 25%
• Failure of the withholding agent or gaming operator to withhold and remit the correct amount of final tax may result in surcharges, interest, compromise penalties, and possible criminal actions under the Tax Code.

✅ Who’s Impacted?
Individuals receiving jackpot prizes or gambling winnings, casinos, gaming operators, PAGCOR-regulated entities, and withholding agents responsible for withholding and remitting taxes on such winnings.
________________________________________
✅ What Actions Should Be Taken?
• Review withholding procedures applicable to jackpot prizes and gambling winnings.
• Ensure that jackpot winnings are treated as taxable winnings subject to final withholding tax.
• Verify that the correct tax base (gross winnings) and applicable tax rates are being applied.
• Strengthen compliance controls to ensure proper withholding and remittance of taxes.

📝 For full reference, refer to the official issuance published by the BIR:
👉https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%2057-2026%20(2).pdf

📣 Tax Update Alert!✅ Key Points• RMC No. 57-2026 clarifies that jackpot prizes from casinos and other gambling activitie...
29/05/2026

📣 Tax Update Alert!

✅ Key Points
• RMC No. 57-2026 clarifies that jackpot prizes from casinos and other gambling activities are considered "winnings" and are subject to final withholding tax.
• The tax is computed based on the gross amount of winnings, without deductions for fees, commissions, or similar charges.
• Applicable final withholding tax rates:
20% for resident citizens, resident aliens, and non-resident citizens
25% for non-resident aliens not engaged in trade or business in the Philippines
• Gaming operators and withholding agents are responsible for properly withholding and remitting the applicable taxes.

✅ Who's Impacted?
Individuals receiving jackpot prizes or gambling winnings, casinos, gaming operators, and withholding agents.

✅ What Actions Should Be Taken?
• Review withholding procedures for jackpot prizes and gambling winnings. • Ensure correct tax rates are applied based on taxpayer classification. • Verify that taxes are computed on gross winnings. • Strengthen compliance controls to avoid penalties and sanctions.

📝 For full reference, refer to the official issuance published by the BIR:
👉 https://f.mtr.cool/eyflemumnw

📣 Tax Update Alert!✅ Key Points• RMC No. 57-2026 clarifies that jackpot prizes from casinos and other gambling activitie...
29/05/2026

📣 Tax Update Alert!

✅ Key Points
• RMC No. 57-2026 clarifies that jackpot prizes from casinos and other gambling activities are considered "winnings" and are subject to final withholding tax.
• The tax is computed based on the gross amount of winnings, without deductions for fees, commissions, or similar charges.
• Applicable final withholding tax rates:
20% for resident citizens, resident aliens, and non-resident citizens
25% for non-resident aliens not engaged in trade or business in the Philippines
• Gaming operators and withholding agents are responsible for properly withholding and remitting the applicable taxes.

✅ Who's Impacted?
Individuals receiving jackpot prizes or gambling winnings, casinos, gaming operators, and withholding agents.

✅ What Actions Should Be Taken?
• Review withholding procedures for jackpot prizes and gambling winnings. • Ensure correct tax rates are applied based on taxpayer classification. • Verify that taxes are computed on gross winnings. • Strengthen compliance controls to avoid penalties and sanctions.

📝 For full reference, refer to the official issuance published by the BIR:
👉 https://f.mtr.cool/ujvhiduydo

Address

27F The Stiles Enterprise Plaza, Theater Drive, Hippodromo St
Makati
1207

Opening Hours

Monday 8:30am - 8pm
Tuesday 8:30am - 8pm
Wednesday 8:30am - 8pm
Thursday 8:30am - 8pm
Friday 8:30am - 8pm

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