By Euney Marie Mata-Perez on February 9,2023
REPRESENTING the Management Association of the Philippines as the incoming chairman of its tax committee, I attended a meeting of the Senate Committee on Ways and Means technical working group on the proposed “Ease of Paying Taxes Act” last...
By Euney Marie Mata-Perez on February 2,2023
THE original deadline to avail of the estate tax amnesty — June 15, 2021 — was extended for two years when Republic Act (RA) 11569 was signed into law on June 30, 2021, amending RA 11213, or the “Tax Amnesty Act of 2019.”
To date, no...
By Nica Marsha Gasapo January 26, 2023
The Bureau of Internal Revenue (BIR) recently issued Revenue Memorandum Circular (RMC) 6-2023 dated January 16, 2023. It circularized certain advisory opinions of the National Privacy Commission (NPC) that upheld the BIR’s power to obtain personal information/sensitive...
By Euney Marie Mata-Perez on January 19,2023
It is about time that the Philippines adopts a taxpayer’s charter or bill of rights. We are currently taking steps in the right direction since several measures proposing to enumerate taxpayer’s rights are pending approval. The filing of...
By Euney Marie Mata-Perez on January 5, 2023
HAPPY New Year everyone! In our first article of the year, we revisit the basic tenet of due process in tax assessments as upheld by numerous court decisions in the year 2022.
While taxes are the life blood of a nation, and taxpayers have the duty...
By: Ramon Vaughn Dy III on December 29,2022
PURSUANT to the request of the Department of Energy (DoE), the Department of Justice (DoJ) issued a legal opinion that revisited foreign investment limits in the exploration, development and utilization (EDU) of solar, wind, hydro and ocean/tidal energy...
By Atty. Mark Anthony P. Tamayo on December 22,2022
THE exclusive appellate jurisdiction of the Court of Tax Appeals (CTA) covers decisions by the Bureau of Customs (BoC) commissioner in cases involving liability for customs duties, fees or other money charges, seizure, detention or release of...
By Euney Marie Mata-Perez on December 1, 2022
THE Covid-19 pandemic has revolutionized work habits. It made work-from-home (WFH) arrangements viable and even preferred by certain sectors and employees. Employers, particularly those in the information technology-business process management...
By Ellaine Anne Bernardino on November 10,2022
TO incentivize employees to perform better and attract new talent, some companies offer equity-based compensation as part of compensation packages.
The term “equity-based compensation” covers all types of employee equity schemes and...