BIR – Revenue Memorandum Circular No. 45-2025

Posted May 30, 2025 – The BIR issues a new memorandum No. 45-2025

Circularizing Cooperative Development Authority, Department of Finance and Bureau of Internal Revenue Joint Administrative Order No. 001-2025 entitled “Rules to Implement the Penalty Provision under Section 308 of the NIRC of 1997, as amended by R.A. No. 11534, otherwise known as the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, as implemented by Department of Finance, Department of Trade and Industry Joint Administrative Order (DOF-DTI JAO) No. 001-2023, issued on 9 March 2023.”

Full text: https://tinyurl.com/425udm7t

Annex A: https://tinyurl.com/5zdfpw6m

Annex B: https://tinyurl.com/mtc869x8