By: Atty. Aziza Hannah A. Bacay on August 16,2024
The cornerstone of a fair tax system is due process. Taxpayers have the fundamental right to be informed in writing of the factual and legal basis for any tax assessment. Thus, proper service of assessment-related notices—including the Notice of...
By: Atty. Euney Marie J. Mata-Perez on July 25,2024
Last July 11, 2024, I joined as one of the panelists in the 11th PICPA-Cebu Summit where I discussed the pending PIFITA or the Passive Income and Financial Intermediary Taxation Act Bill (House Bill No. 4339) which seeks to reform the taxation...
By: Atty. Raida Argelli G. Grefiel on July 18,2024
Our National Internal Revenue Code, as amended (the “Tax Code”) empowers the Commissioner of Internal Revenue (“CIR”) to conduct an assessment of the taxes paid by a taxpayer through the CIR’s duly authorized representative armed with a...
By: Atty. Euney Marie J. Mata-Perez on July 11,2024
On 13 June 2024, President Ferdinand R. Marcos, Jr. signed into law Republic Act No. 12001, the Real Property Valuation and Assessment Reform Act (RP-VAR Act), which will change significantly the landscape of our real property valuation...
By Euney Marie Mata-Perez on August 24, 2023
THE amendments to the National Internal Revenue Code of 1997 (Tax Code), introduced by Republic Act (RA) 11534 (Create) and by RA 10963, or the “Tax Reform for Acceleration and Inclusion” (Train), particularly on the imposition of value-added...
By: Atty. Euney Marie Mata-Perez on August 17,2023
IMPROVING board diversity is increasingly seen as contributing to good corporate governance, and its promotion has attracted good governance advocates as well as regulators. There had been studies that suggested that corporate boards structured...
By Euney Marie Mata-Perez on August 3,2023.
I WAS invited by the Tax Accountancy Association Union of Chinese Taipei (Taauct) to speak during its Corporate Integrity and Sustainable Development Asia Regional Seminar recently held in Taiwan. Deputy ministers from the Ministry of Finance and Ministry...