Tuesday February 20 , 2018
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

Two forms of denial in the taxpayer’s administrative protest Two forms of denial in the taxpayer’s administrative protest

A discussion on the protest, as used in internal-revenue taxation, is an act by the taxpayer of questioning the validity of any assessment issued by the Bureau of Internal Revenue (BIR), as shown in the notice of assessment and letter of demand.

The inherent power of the CTA The inherent power of the CTA

A discussion on the GR 175723, February 4, 2014, the Supreme Court (SC) ruled that the authority of the Court of Tax Appeals (CTA) to take cognizance of petitions for certiorari questioning interlocutory orders issued by a regional trial court (RTC) in a local tax case is included in the powers granted by the 1987 Philippine Constitution, as well as inherent in the exercise of its appellate jurisdiction.

Clarifications on the new tax-assessment rules Clarifications on the new tax-assessment rules

A discussion on the filing of income-tax returns and the payment of the corresponding taxes for the taxable year 2013 are over for many taxpayers.

Tax Amnesty Tax Amnesty

A discussion on the Tax amnesty aiming to grant a general reprieve to tax evaders who wish to come clean by giving them an opportunity to straighten out their records.

Tax deadlines Tax deadlines

A discussion on the tax deadlines are actually spread throughout the year, depending on the nature of the transactions made and the type of taxes that are required to be paid.

Excise tax on jet fuel refundable Excise tax on jet fuel refundable

A discussion on the CIR (Commissioner of Internal Revenue) v Pilipinas Shell (GR 188497, February 19, 2014), the Supreme Court (SC), in resolving to grant Shell’s motion for reconsideration, ruled that the company is entitled to the claim for refund of the excise tax it paid on its sale of jet fuel.

Requirement for self-employed professionals Requirement for self-employed professionals

A discussion on the plan of the Bureau of Internal Revenue (BIR) to issue guidelines requiring the rates charged by professionals to be posted in their respective offices, clinics or places of business.

Request for rulings Request for rulings

A discussion on the basic assumption that every citizen must be accorded the right to be informed and clarified as to the nature of tax and how it is applied to him or her, or to his or her transactions.

Reacquisition of shares Reacquisition of shares

A discussion on the various reasons for which a stockholder may return and, in certain instances, be obliged to surrender his or her shares in a corporation.

New income-tax returns New income-tax returns


A discussion on the new Revenue Regulations 02-2014, the new income-tax returns.

New rules on the accreditation of importers and customs brokers New rules on the accreditation of importers and customs brokers

A discussion on the years, governments have been devising ways to combat and eradicate smuggling.

The taxability of proprietary nonprofit hospitals reiterate The taxability of proprietary nonprofit hospitals reiterate

A discussion regarding last September 26, 2012, the Supreme Court (SC) ruled in the consolidated cases of St. Luke’s Medical Center Inc. (GR 195909 and GR 195960) that it is not exempt from income tax, as it is not exclusively operating for charitable purposes.

New rules on requests for rulings New rules on requests for rulings

A discussion on the WELL-SETTLED rule that tax refunds or credits, just like tax exemptions, are strictly construed against the taxpayer.

The 2014 priority projects of the BIR The 2014 priority projects of the BIR


Discusses the priority programs of the BIR for year 2014 as circularized in Revenue Memorandum Circular (RMC) No. 4-2014.

Tax incentives for housing projects Tax incentives for housing projects

A discussion on the one THE Constitution provides that the state shall establish, maintain and ensure adequate social services in the field of housing to guarantee the people’s enjoyment of a decent standard of living.

Due process revised Due process revised

A discussion on the one of the most potent defenses against a tax assessment is the failure of the Bureau of Internal Revenue (BIR) to observe due process.

The power to tax as a tool of police power The power to tax as a tool of police power

A discussion on the purposes of taxation are twofold: revenue and non-revenue.

Year-end considerations Year-end considerations

A discussion on the some of the obligations of a taxpayer to ensure compliance with tax obligations as the taxable year closes.

Taxation of online credit-card transactions Taxation of online credit-card transactions

A discussion on the advent of information technology significantly changed the way we do business.

Protesting a tax assessment Protesting a tax assessment

A discussion on the recently issued Revenue Regulation 18-2013 amending the Rules on Assessment of National Internal Revenue Taxes (RR 12-99).

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