BIRT and U&O Tax Exemptions Eliminated in Philly
The City of Philadelphia has announced significant changes that will affect every business operating within the city. In a December 10th notice, the Department of Revenue confirmed that the long-standing Business Income and Receipts Tax (BIRT) exemption and the Use and Occupancy Tax (U&O) exemption will be eliminated. These updates expand filing requirements and may increase tax obligations for thousands of taxpayers.
