Reimbursements among Multinational Enterprises: Taxable?

By: Atty. Sarah T. Ganto on April 5,2024 With the issuance of Revenue Memorandum Circular (“RMC”) No. 5-2024, as clarified by RMC No. 38-2024, on the taxation of cross-border services, another topic tackled by the said RMCs equally merits discussion: the taxation of reimbursements among multinational...

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There is more to the Create More Bill

By: Atty. Lew Earvin Manarin on March 14,2024 The Corporate Recovery and Tax Incentives for Enterprises Act (the “CREATE Act”) introduced amendments to our National Internal Revenue Code (“Tax Code”) which were aimed to eliminate tax uncertainty, offer tax assistance to struggling enterprises...

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‘Stop and Salute’ for National Women’s Month

Elevating the spirit of womanhood and national pride, this month’s flag raising ceremony is a standout event. The Stop and Salute Flag-Raising Ceremony is a monthly program of the National Parks Development Committee (NPDC) and Salute To A Clean Flag Movement, in cooperation with the National...

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