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...
By: Atty. Aziza Hannah Bacay on August 20,2020
Taxes are the lifeblood of the government. To ensure that the government lives, the Bureau of Internal Revenue was granted the power to collect taxes and even issue assessments against taxpayers if their taxes are deficient.
To balance this power, the...
By: Atty. Nica Marsha Gasapo on August 13,2020
Covid-19 has caused so many disruptions in our everyday lives. To curb its spread, the government had to impose strict lockdowns that stalled the economy’s growth. However, certain sectors that capitalized on technology managed to stay afloat and withstood...
By: Atty. Mark Anthony Tamayo on August 6,2020
Any scheme that has to do with minimizing, eliminating or altering the incidence of taxation may be closely scrutinized and ultimately questioned by tax authorities.
There is no question that the adoption of fraudulent means to deliberately reduce, deceive...