BIR Issues RMC 38-2024 to clarify taxation of Cross-Border Transactions
By: Atty. Euney Marie J. Mata-Perez on March 21,2024
On March 15, 2024, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular No. (RMC) No. 38-2024 clarifying its earlier pronouncements in RMC No. 5-2024 on the taxation of cross-border transactions. To recall, in Aces Philippines...