The regulations on how to transition to the 1% were just released by the BIR yesterday, April 8, 2021. Since then, we have been hard at work in making sure we implement the necessary changes so that this transition is as painless for you as possible.

The target date when we'll have all of this ready is on Friday, April 16 -- more than enough time to file your Percentage Tax Form (2551Q) for Q1 2021 before the Taxumo deadline of April 23, 2021. :)