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11 lis 2021 · The RR grants agricultural firms accredited as BMBEs exemption from paying taxes for income from operations. According to the BIR, the tax break applies only to farmers and fishermen entities...
11 lis 2021 · THE Bureau of Internal Revenue (BIR) said all accredited farming and fisheries groups may be exempted from income taxes as long as they are registered as barangay micro-businesses. The BIR released Revenue Regulation No. 19-2021 which implements the tax incentive provisions of Republic Act No. 11321 or the Farmers and Fisherfolk Enterprise ...
18 lis 2023 · Income payments made to Agricultural Producers by buyers or purchasers engaged in trade or business not exceeding the cumulative amount of Three Hundred Thousand Pesos (₱ 300,000.00) within the taxable year are exempt from withholding tax.
10 paź 2023 · BIR Revenue Regulation (RR) 12-2023 exempts agricultural food-product suppliers, producers, sellers, contract growers and millers from issuing receipts if their annual gross sales or receipts…
Under Section 109 of the tax Code, as amended, the following transactions shall be exempt from the value added tax: (A) Sale or importation of agricultural and marine food products in their original state, livestock and poultry of or king generally used as, or yielding or producing foods for human consumption; and breeding stock and genetic ...
25 sty 2022 · Exemption from Income Tax – All Accredited Farmers and Fisherfolk Enterprises may be exempt from income tax on income derived from the enterprise provided they are registered as Barangay Micro-Business Enterprises (BMBEs).
11 lis 2021 · ACCREDITED farmers and fisherfolk enterprises engaging in agriculture and fishery-related economic activities are now free from paying income tax as the Bureau of International Revenue (BIR) implements the tax provisions of Republic Act (RA) 11321, or the 'Sagip Saka Act.'
