Weekly Tax Updates[June 24-28, 2019]

Revenue Memorandum Circular (RMC) No. 68-2019, dated July 1, 2019, clarifies certain issues on the availment of the Estate Tax under Revenue Regulations (RR) No. 6-2019 or the Implementing Rules and Regulations of the Estate Tax Amnesty pursuant to Republic Act No....

Weekly Tax Updates[June 17-21, 2019]

Revenue Memorandum Order (RMO) No. 33-2019 dated June 27, 2019 prescribes the policies and guidelines as well as the procedures in the processing and monitoring of Estate Tax Amnesty availment pursuant to Tax Amnesty Law of 2019. Relevant HighlightsBIR ISSUANCESTAX...

Weekly Tax Updates[June 10-14, 2019]

Findings of fraud based on third-party matching, through letter notice (LN), must be further verified; LN should be converted to letter of authority (LOA) before revenue officer may further examine taxpayer Relevant Highlights: COURT OF TAX APPEALS (CTA) DIGESTS...

Weekly Tax Updates[June 03-07, 2019]

Revenue Memorandum Circular (RMC) No. 57-2019, dated May 22, 2019, clarifies certain issues on the availment of Tax Amnesty on Delinquencies under Revenue Regulations (RR) No. 4-2019 or the Implementing Rules and Regulations of the Tax Amnesty Act of 2019. Relevant...

Weekly Tax Updates[May 20 – May 31, 2019]

Existence of retained earnings as a requisite on redemption of preferred shares; redeemable preferred shares may still be reacquired without sufficient retained earnings; redemption should not result to insolvency of the company Relevant Highlights: SECURITIES &...