Monday December 11 , 2017
Business Mirror Articles

Business Mirror Articles

BDB Law's "Tax Law for Business" is a column which appears in the opinion section of Business Mirror every Thursday.

The articles highlight the most significant developments in Taxation as a result of amendments in the law and new issuances from the Bureau of Internal Revenue (BIR) and other administrative agencies. It also headlines recent pronouncements of the courts and quasi-judicial bodies involving tax and corporate matters.

Documents

Tax reform on Peza Tax reform on Peza

A discussion on the tax reform that is being proposed by the government.

Filing and processing of refund claims Filing and processing of refund claims

A discussion on the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular 89-2017 (RMC 89-17), which amended the previously issued rules relative to the processing of claims for refund/issuance of tax credit certificate (TCC) and the required revenue officials authorized to approve said claims.

Payable in the context of withholding Payable in the context of withholding

A discussion on many countries, one of the most commonly used structural devices to prevent noncompliance of tax obligation is through the withholding of tax at source.

Should substantial compliance be enough? Should substantial compliance be enough?

A discussion on the Tax Code provides that a taxpayer shall be informed in writing of the law and the facts on which the assessment is made

VAT zero rating of sale of services under the Peza law VAT zero rating of sale of services under the Peza law

A discussion on the section 108(B)3 of the 1997 Tax Code, as amended, provides for the value-added tax (VAT) zero rating on supply of services performed in the Philippines.

Pay up first! A real-property tax story Pay up first! A real-property tax story

A discussion on the owner of a real property, or a person having interest therein, is liable for the payment of real-property taxes.

Effective tax interest rate is 60% Effective tax interest rate is 60%

A discussion on the taxpayers are misled into thinking that their tax liabilities are limited to the basic tax due plus a straight 20-percent annual interest rate.

Situs of local taxes in case of boundary dispute Situs of local taxes in case of boundary dispute

A discussion on every prudent business owner would know that securing a mayor’s permit is a prerequisite to carry on a business within a particular locality.

The applicability of VAT in pre-incorporation subscription agreements The applicability of VAT in pre-incorporation subscription agreements

A discussion on one of the most important considerations for investments is the calculated rate of return on investment.

Doing business through the Internet Doing business through the Internet

A discussion on the characterization of the term “doing business” in the Philippines has evolved from a judicial pronouncement to its present-day definition as now provided in our statutes.

Clarifying the VAT provisions of the renewable energy law Clarifying the VAT provisions of the renewable energy law

A discussion on the historic Paris climate agreement to which the Philippines is a signatory.

Tax incentives for socialized housing Tax incentives for socialized housing

A discussion on the Republic Act (RA) 7279, or the Urban Development and Housing Act of 1992, became a law.

Reexamining the tax treatment of transport network companies Reexamining the tax treatment of transport network companies

A discussion on the widespread attention and, perhaps, public condemnation in recent days is the impending crackdown by the Land Transportation Franchising and Regulatory Board (LTFRB) on Uber and Grab drivers without franchises.

120-30 day rule on VAT refund revisited 120-30 day rule on VAT refund revisited

A discussion on the 120-30 day rule has its share of evolution in jurisprudence.

RMC and the other addressee: The taxpayer RMC and the other addressee: The taxpayer

A discussion on the revenue memorandum circulars, or RMCs, serve important functions in the orderly administration of the Tax Code.

BIR’s violation of the Rehabilitation Court’s Commencement Order BIR’s violation of the Rehabilitation Court’s Commencement Order

A discussion relying on the instances where a corporation, during its lifetime, experiences financial difficulties.

Tax privileges of PWDs Tax privileges of PWDs

A discussion on the Revenue Regulations (RR) 5-2017 was recently issued to provide guidelines in the implementation of the tax privileges and incentives provided under Republic 10754.

Taxable status of ADB Filipino employees Taxable status of ADB Filipino employees

A discussion relying on the tax-exemption provisions of the Asian Development Bank (ADB) Charter Agreement and the ADB Headquarters Agreement

Evolution of taxpayer’s rights and remedies Evolution of taxpayer’s rights and remedies

A discussion that the power to tax is so powerful that if abused, it can destroy enterprises and even lives.

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