- 21. Successful Implementation of an Enhanced VAT Refund System
- (Business Mirror)
- ... procedures as set forth under RMO 47-2020. In his Veto message on some provisions of the CREATE Law, the President himself acknowledged that it is administratively difficult for the BIR to implement ...
- Created on 20 July 2021
- 22. INSIGHTS May Issue 2021
- (Insights)
- MAY • VOL. 5 • SERIES OF 2021 INSIGHTS is a monthly publication of BDB LAW to inform, update and provide perspectives to our clients and readers on significant tax-related ...
- Created on 04 June 2021
- 23. INSIGHTS April Issue 2021
- (Insights)
- ... working days upon acknowledgement of application with complete attachment of documentary requirements. Verification on any existing tax liability/ies of the taxpayer-applicant shall be guided by the definition ...
- Created on 23 April 2021
- 24. INSIGHTS March Issue 2021
- (Insights)
- ... old office address, despite the BIR's prior knowledge of its new principal place of business, is tantamount to a failure in service of the assessment, thereby making the assessment invalid. Taxpayer ...
- Created on 31 March 2021
- 25. INSIGHTS February Issue 2021
- (Insights)
- ... is liable for deficiency VAT. (Deutsche Knowledge Services, PTE. LTD. vs. Commissioner of Internal Revenue, CTA Case No. 7921, January 14, 2021) The start of counting of the 30-day period ...
- Created on 23 February 2021
- 26. INSIGHTS November Issue 2020
- (Insights)
- ... which shows that the BIR initially acknowledged that the sources of money for the acquisition of bus units did not come from unreported revenue. The CTA En Banc ruled that the requirement that a corporation ...
- Created on 13 November 2020
- 27. INSIGHTS October Issue 2020
- (Insights)
- ... Revenue v. WPP Marketing Communications, Inc., CTA EB No. 2034 dated September 23, 2020) Prior knowledge of the new address of the taxpayer is sufficient to inform the BIR. No written notice is required. ...
- Created on 23 October 2020
- 28. Letter of Authority
- (Business Mirror)
- ... such absence. The original copy of the eLA shall be given to said barangay official. There is also a prescribed acknowledgement receipt that must be filled in. Should the taxpayer be found at his registered ...
- Created on 13 October 2020
- 29. Setting Up a Company’s Internal Compliance Program for Trading Strategic Goods under the Strategic Trade Management Act
- (Business Mirror)
- ... compliance and is knowledgeable about ICP. Large companies having voluminous transactions may also appoint Strategic Trade Control Manager/s and Strategic Trade Control Officer/s. Note that the number ...
- Created on 29 September 2020
- 30. INSIGHTS September Issue 2020
- (Insights)
- ... at least 1/3 of the members of the board of directors of exchanges and other organized markets. Said independent director shall have the relevant experience in or working knowledge of the capital or financial ...
- Created on 25 September 2020
- 31. INSIGHTS August Issue 2020
- (Insights)
- ... hearsay evidence. Accordingly, the taxpayer’s witnesses allegedly have no personal knowledge of the fact of issuance and contents of the documentary exhibits. The Court has held that the objection to ...
- Created on 07 August 2020
- 32. Mandatory Related Party Disclosure
- (Business Mirror)
- ... RPTs. Revenue Regulation (RR) 19-2020 acknowledged that “transactions between related parties have become complex and have been subject to abuse by taxpayers with intent to evade taxes by concluding transactions ...
- Created on 21 July 2020
- 33. INSIGHTS July 2020
- (Insights)
- ... Report to the REPD. 10. Any information in the custody of or within the knowledge of the IC pertaining to the Applicants' participation in a Regulatory Sandbox, including its successful launching, shall ...
- Created on 16 July 2020
- 34. Deductibility of Loss from Destruction of Inventories/Assets
- (Business Mirror)
- ... was not on the absence of actual witnessing by a BIR representative and non-issuance of certification. The Court had in fact acknowledged that a certification from the BIR of the actual destruction of ...
- Created on 14 July 2020
- 35. INSIGHTS May 2020
- (Insights)
- ... d. Supplementary Receipts/Invoices issued in lieu of the Principal Receipts/Invoices e. Receipt/Invoice using the existing CAS or its Components with approved PTU or Acknowledgement Certificate (sent electronically ...
- Created on 11 June 2020
- 36. INSIGHTS March 2020
- (Insights)
- ... of Accounts. In the absence of the required PTU, an “Acknowledgement Certificate” shall be prepared and issued by the TWG Secretariat of the RDO/LT Office where the taxpayer is registered. The said Certificate ...
- Created on 04 April 2020
- 37. INSIGHTS January 2020
- (Insights)
- ... activities and ensure that taxes are collected. To be part of the solutions, the BDB Law conducted a TRANSFER PRICING MASTERCLASS to its clients (TPM) to provide a practical and working knowledge on ...
- Created on 31 January 2020
- 38. Transfer Pricing Masterclass
- (Seminars & Conferences)
- ... provide a practical and working knowledge on managing transfer pricing risks, the best practices on transfer pricing function, and the overall strategic management of risks. The Transfer Pricing Masterclass ...
- Created on 21 January 2020
- 39. INSIGHTS November 2019
- (Insights)
- ... business. Finally, when there is only doing of some act that imparts knowledge of the product or service to the extent of minimizing, if not eliminating, the element of chance or risk, the contract is ...
- Created on 22 November 2019
- 40. Summary of Significant CTA Decisions (2019 October)
- (Court of Tax Appeals Decisions)
- Copyright © 2019 by Du-Baladad and Associates (BDB Law). All rights reserved. No part of this issue covered by this copyright may be produced and/or used in any form or by ...
- Created on 28 October 2019