BIR now requires an SPA to process payments

BIR now requires an SPA to process paymentsThe BIR now requires a Special Power of Attorney to request for an ONETT (One Time Transaction) Calculation if the requestor is not one of the parties to the transfer. BIR explained that this is to address issues in dealing with fixers under the guise of a legitimate representative. Read the BIR Memo here.

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