Weekly Tax Updates[November 6, 2020]

NO TO NEW TAXES SELL OFF STATE-OWNED ASSETS TO COVER REVENUE SHORTFALL: DOMINGUEZ + CAP ON CREDIT CARD INTEREST RATE FEES TAKES EFFECT NOV. 3: BSPĀ  Other Relevant Tax Updates:Bureau of Internal Revenue (BIR) implements Bayanihan 2 Provisions on Additional Sources Of...

Weekly Tax Updates[October 31, 2020]

MORE POGOS TO SHUT OPERATIONS IN SUBIC BAY + SENATORS FROWN ON MANDATORY REPORTING OF PHP 1M CASH PURCHASE OF REAL ESTATE + DOLE SAYS TO DISTRIBUTE PHP 13B BAYANIHAN 2 CASH AID TO WORKERS Other Relevant Tax Updates:Supreme Court (SC) Cases DigestCourt Of Tax Appeals...

Weekly Tax Updates[October 23, 2020]

SMALL BUSINESS CORPORATION TO LEND MSMES TO PAY FOR 13TH MONTH PAY + 13TH MONTH PAY TO BE GIVEN PRO RATA BASIS ACCORDING TO PALACE + LABOR DEPT EYES SUBSIDIZING MICRO SMALL BUSINESSES 13TH MONTH PAY Other Relevant Tax Updates:Court of Tax Appeals (CTA) Cases...

Weekly Tax Updates[October 16, 2020]

TAX COURT UPHELD LOCAL BUSINESS TAX ASSESSMENT ON TUITION & MISCELLANEOUS FEES AGAINST SCHOOL BASED IN MANILA + GOVERNMENT TO CONSIDER FUNDING 13TH MONTH PAY OF SMALL FIRMS WORKERS Other Relevant Tax Updates:Court of Tax Appeals (CTA) Cases DigestBureau of...

Weekly Tax Updates[October 9, 2020]

2 FIRMS LEAVING PH AS SENATE DEBATES CREATE BILL + BSP MEMO DETAILS 60-DAY LOAN PAYMENT MORATORIUM UNDER BAYANIHAN 2 + DOLE MULLS ALLOWING SMALL FIRMS TO FOREGO 13TH MONTH PAY Other Relevant Tax Updates:Bureau of Internal Revenue (BIR) Issues Implementing Rules and...