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VAT on Digital Transactions

By Euney Marie Mata-Perez on November 25, 2021 On Sept. 21, 2021, the House of Representatives passed on third reading House Bill 7425 (HB 7425), which seeks to amend the National Internal Revenue Code (Tax Code) to impose a 12-percent value-added tax (VAT) on the sale of digital services and...

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Tax Avoidance vs Tax Evasion

By Euney Marie Mata-Perez on November 18, 2021 Tax avoidance and tax evasion are the two most common ways used by taxpayers to not pay taxes or pay reduced taxes. Tax avoidance is the use of tax-saving devices within the means sanctioned by law and where the taxpayer acts in good faith and at...

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The Need to Make Paying Taxes Easy

By Euney Marie Mata-Perez on November 11, 2021 Nothing is certain except death and taxes, Benjamin Franklin wrote in 1789. It is a statement remains true today. Tax compliance is certain, too, with its attendant costs, uncertainty at times, and pains. So for the government to collect more taxes,...

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Substituted Service of Assessment Notices

By Ellaine Anne Bernardino on November 4, 202 Proper serving of notices of assessment from the Bureau of Internal Revenue (BIR) is crucial. If done improperly, the assessment can be invalidated because of the lack of due process. Section 228 of the National Internal Revenue Code provides that...

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Government Authority to Disclose Personal Information

By Nica Marsha Gasapo on October 28, 2021 The Data Privacy Act of 2012 (DPA) was enacted to protect the fundamental human right of privacy and communication while ensuring the free flow of information. Through the DPA, the state recognizes the important role of information and communication technology...

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Availment of Nolco Deduction

By Euney Marie Mata-Perez on October 21, 2021 First of two-part Having incurred losses during the Covid-19 pandemic, companies can avail of the net operating loss carry-over deduction (Nolco) pursuant to the National Internal Revenue Code (Tax Code), as amended, as well...

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The Importance of the Remaining Tax Reform Packages

By Euney Marie Mata-Perez on October 11, 2021 We have seen significant progress in the Comprehensive Tax Reform Program, which is an offshoot of President Rodrigo Duterte’s campaign promise to improve the income tax system and make it progressive. Republic Act 10963 or the Tax Reform...

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‘Assists’ as a Duty Base Component

By Mark Anthony Tamayo on October 7, 2021 The dutiable value of imported goods is the value (or duty base) upon which the applicable duty rate is multiplied to arrive at the customs duty payable. To determine the correct duty base, importers (and their customs brokers) should not focus mainly...

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