RMC 38-2024 clarifies cross-border taxation transactions
ON March 15, 2024, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) 38-2024, clarifying its earlier pronouncements in RMC 5-2024 on the taxation of cross-border transactions. To recall, in Aces Philippines Cellular Satellite Corp. v. Commissioner of Internal Revenue (GR 226680, Aug. 20, 2022), which involves payment of satellite airtime fees, the
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