By: Atty. Euney Marie Mata-Perez on October 22,2020
Quarantine measures imposed by governments that restrict travel and movement because of the Covid-19 pandemic do not only affect economies, but also tax rules.
In taxation and international tax treaty rules, the number of days a taxpayer or its...
By Atty. Kathleen Guiang on October 15,2020
The Covid-19 pandemic has not only prompted a global health emergency, but also caused severe global economic stress. In response, the government has implemented various measures and programs to manage its impact. To execute and sustain them, the government...
By: Atty. Nica Marsha Gasapo on October 8,2020
The Supreme Court has emphasized that a person’s employment — the main source of livelihood for most families — is something that no one may be deprived of without due process of law. This basic doctrine has gained special significance after the coronavirus...
By: Atty. Ellaine Anne Bernardino & Ramon Dy on October 1,2020
The coronavirus disease 2019 (Covid-19) pandemic has caused numerous businesses to close and millions of Filipinos to lose their jobs. It has also led countless Filipinos under quarantine to use the internet to earn a living, resulting...
By: Atty. Mark Anthony Tamayo on September 24,2020.
Through the enactment of Republic Act (RA) 9282, the jurisdiction of the Court of Tax Appeals (CTA) has been expanded to include not only civil tax and customs duties cases, but also cases that are criminal in nature, local tax and property tax...
By: Atty. Irish May Quintana on September 17,2020.
In an effort to adopt technological advancements and incorporate developments in the law, jurisprudence and international conventions, the Supreme Court (SC) proposed amendments to the revised rules on evidence (RRE) in A.M. 19-08-15-SC, which took...
By: Atty. Euney Marie Mata-Perez on September 10,2020.
In a landmark decision handed out on March 10, 2020, the Supreme Court (SC) declared void the 30-year-old foreign equity limitation on construction companies imposed under the “Revised Rules and Regulations Governing the Licensing and Accreditation...
By: Atty. Kathleene Guiang on September 3,2020
A valid demand is essential to the validity of a Bureau of Internal Revenue (BIR) assessment of deficiency taxes against a taxpayer. This demand is ordinarily expressed in a formal letter of demand (FLD), which is issued and delivered with a final assessment...
By: Atty. Euney Marie Mata-Perez on August 27,2020.
Taxpayers recently received some good news on how capital gains tax on the sale of unlisted shares of stocks is now calculated. This came in the form of the Bureau of Internal Revenue’s (BIR) issuance of Revenue Regulations (RR) 20-2020, which revised...