March 11, 2022

Updates on the Capital Goods Amortization when filing BIR Form Nos. 2550Q and 2550M as per RMC No. 21-2022.

Maui Banag avatar
Written by Maui Banag
Updated over a week ago

JuanTax has implemented the appropriate adjustments to the Capital Goods amortization following RR No. 21-2021. πŸ“„βœ

Recently, BIR issued RMC No. 21-2022, which covers the workaround procedures and guidelines for dealing with Capital Goods transactions (over β‚±1 million) when filing BIR Form Nos. 2550Q and 2550M. The said workaround has been automated in JuanTax Plus for your convenience. πŸ˜ƒ

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