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Philippines
SyCip Salazar Hernandez & Gatmaitan
Republic Act No. 11976,is a new law that introduces key administrative tax reforms and amendments to several provisions of the National Internal Revenue Code of 1997, as amended to reduce tax compliance costs ...
SyCip Salazar Hernandez & Gatmaitan
The SyCipLaw's Top 10 Tax Issues and Practical Solutions (T.I.P.S.) for 2023 covers the following tax issues:
Napiere Abueg Ragsac & Partners
Good news for the heirs who still have remaining unsettled estates of their ancestors.
SyCip Salazar Hernandez & Gatmaitan
SyCipLaw's Tax Department has prepared Tax Issues and Practical Solutions (T.I.P.S.) for October.
SyCip Salazar Hernandez & Gatmaitan
No. In Maynilad Water Services, Inc. v. National Water Resources Board (G.R. Nos.181764,187380, 207444, 208207, 210147, 213227, 219362, and 239938, December 7,2021), the Supreme Court ("SC")...
SyCip Salazar Hernandez & Gatmaitan
No. In Republic of the Philippines vs. Robiegie Corporation (G.R. No. 260261, October 3, 2022), the Supreme Court ("SC") held that a new LOA is needed if the Bureau of Internal Revenue...
SyCip Salazar Hernandez & Gatmaitan
No. In Republic of the Philippines vs. Robiegie Corporation (G.R. No. 260261, October 3, 2022), the Supreme Court ("SC") held that a new LOA is needed if the Bureau of Internal Revenue...
SyCip Salazar Hernandez & Gatmaitan
For input valued-added tax ("VAT") refund claims filed prior to 2018, is the 120-day period for the Bureau of Internal Revenue ("BIR") to decide a claim for refund of excess unutilized input VAT...
SyCip Salazar Hernandez & Gatmaitan
Yes. In Aces Philippines Cellular Satellite Corporation v. The Commissioner of Internal Revenue ("CIR") (G.R. No. 226680, August 30, 2022), the Supreme Court ("SC") held that payments...
SyCip Salazar Hernandez & Gatmaitan
In affirming the dismissal by the CTA, the Supreme Court held that the CTA is not the proper forum to resolve a purely intra-governmental dispute.
SyCip Salazar Hernandez & Gatmaitan
In 2021, the BIR issued Revenue Memorandum Order (RMO) No. 14-2021 to streamline the procedures and requirements for the availment of tax treaty benefits.
SyCip Salazar Hernandez & Gatmaitan
Yes, if there is a showing that they actively participated in or had the power to prevent the company's wrongful act but were grossly negligent. In Fernandez, et al. v. People of the Philippines...
SyCip Salazar Hernandez & Gatmaitan
Before September 22, 2021, no. In the case of Saint Wealth Ltd. v. Bureau of Internal Revenue, the Supreme Court ruled that before the effectivity of Republic Act No. 11590, which was passed into law on September 22, 2021...
SyCip Salazar Hernandez & Gatmaitan
Yes. The Fiscal Incentives Review Board (FIRB) issued a Resolution dated September 14, 2022, which further extended the effect of FIRB Resolution No. 17-2022 which temporarily allows RBEs...
SyCip Salazar Hernandez & Gatmaitan
Generally, no. In City of Davao v. ARC Investors, Inc., (G.R. No. 249668 (Resolution), July
13, 2022), the Supreme Court noted that while local government units ("LGU") have the
power to impose local
SyCip Salazar Hernandez & Gatmaitan
Yes. In Bureau of Internal Revenue vs. Samuel Cagang (G.R. No. 230104, March 16, 2022), the Supreme Court upheld the deficiency withholding tax assessment against a taxpayer,...
SyCip Salazar Hernandez & Gatmaitan
No. The stock transaction tax is not an income tax but a percentage tax. The exclusion from gross income under Section 32(B)(7)(a) of the NIRC applies only to income tax under Title II of the...
SyCip Salazar Hernandez & Gatmaitan
No. The Bureau of Internal Revenue's (BIR's) collection efforts are initiated by distraint, levy, or court proceeding and not upon issuance of a Final Decision on Disputed Assessment (FDDA).
SyCip Salazar Hernandez & Gatmaitan
On March 2, 2022, the President signed into law Republic Act (R.A.) No. 11647 which amends the three-decade old Foreign Investments Act of 1991 (FIA). R.A. No. 11647 aims to attract...
SyCip Salazar Hernandez & Gatmaitan
Section 267 of the Local Government Code of 1991 (LGC) provides, in part, that "[n]o court shall entertain any action assailing the validity of any sale at public auction of real property or ...
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