philippines - Tax & Revenue

DOF reviews Implementation of Common Carriers Tax

The Department of Finance (DOF) will review current revenue regulations on the common carriers tax imposed on international air and sea cargo vessels doing business in the Philippines to ensure a level playing field and improve the country’s competitiveness in the global shipping and air cargo sectors.
Date: 11 June 2018; Type: Industry Updates; Source: Department of Finance

Zuellig Pharma Asia Pacific Ltd Phils Rohq v Commissioner of Internal Revenue

Date: 23 May 2018; Court: Court of Tax Appeals; Citation: CTA Case No. 9025; Source: Court of Tax Appeals

Philippine International Air Terminals Co Inc v Commissioner of Internal Revenue

Date: 06 June 2018; Court: Court of Tax Appeals; Citation: CTA Case No. 9181; Source: Court of Tax Appeals

San Miguel Holdings Corp v Commissioner of Internal Revenue

Date: 05 June 2018; Court: Court of Tax Appeals; Citation: CTA Case No. 9401; Source: Court of Tax Appeals

Commissioner of Internal Revenue v Lepanto Consolidated Mining Corporation

Date: 04 June 2018; Court: Court of Tax Appeals; Citation: CTA EB No. 1584; Source: Court of Tax Appeals

Solid-One Mills Phils Inc v Commissioner of Internal Revenue

Date: 01 June 2018; Court: Court of Tax Appeals; Citation: CTA EB No. 1562; Source: Court of Tax Appeals

Commissioner of Internal Revenue v Dohle Shipmanagement Phils Corp

Date: 01 June 2018; Court: Court of Tax Appeals; Citation: CTA EB No. 1582; Source: Court of Tax Appeals

National Food Authority v City Government of Tagum and 2 Others

Date: 29 May 2018; Court: Court of Tax Appeals; Citation: CTA AC No. 180; Source: Court of Tax Appeals

ASC Investors Inc v City of Davao and Another

Date: 17 May 2018; Court: Court of Tax Appeals; Citation: CTA EB No. 1568; Source: Court of Tax Appeals

Commissioner of Internal Revenue v Coral Bay Nickel Corporation and Another Appeal

Date: 17 May 2018; Court: Court of Tax Appeals; Citation: CTA EB Nos. 1418 & 1512; Source: Court of Tax Appeals

Greenhills Properties Inc v Commissioner of Internal Revenue

Date: 17 May 2018; Court: Court of Tax Appeals; Citation: CTA EB No. 1604; Source: Court of Tax Appeals

ABS CBN Bayan Foundation Inc v Commissioner of Internal Revenue and Another

Date: 08 May 2018; Court: Court of Tax Appeals; Citation: CTA Case No. 9614; Source: Court of Tax Appeals

Prescribing Policies, Guidelines and Procedures for Individuals Earning from Self-Employment and/or Practice of Professions

This Order is issued to prescribe policies, guidelines and procedures in availing the eight percent (8%) income tax rate option of individuals earning from self­-employment/ business and/or practice of profession relative to the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Act. Revenue Memorandum Order No. 23-2018
Date: 21 May 2018; Type: Circular; Source: Bureau of Internal Revenue

Revised Guidelines and Procedures in the Conduct of Tax Compliance Verification Drive

Revenue Memorandum Order No. 9-2006 is revised by removing the requirement for the Tax Mapping Team to issue a ‘Reminder Letter' to all business establishments being tax mapped. Revenue Memorandum Order No. 22-2018
Date: 10 April 2018; Type: Circular; Source: Bureau of Internal Revenue

Entry into Force, Effectivity and Applicability of the Philippines-Sri Lanka Double Taxation Agreement

The circular notifies the Convention between the Government of the Republic of the Philippines and the Government of the Democratic Socialist Republic of Sri Lanka for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income has entered into force on 14 March 2018. Revenue Memorandum Circular No. 34 ...
Date: 17 May 2018; Type: Circular; Source: Bureau of Internal Revenue

Entry into Force, Effectivity and Applicability of the renegotiated Philippines-Thailand Double Taxation Convention

The circular notifies the Renegotiated Convention between the Government of the Republic of the Philippines and the Government of the Republic of Thailand for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income has entered into force on '05 March 2018. Revenue Memorandum Circular No. 33-2018
Date: 17 May 2018; Type: Circular; Source: Bureau of Internal Revenue

Commissioner of Internal Revenue and Another v Air Philippines Corporation

Date: 21 May 2018; Court: Court of Tax Appeals; Citation: CTA EB Case No. 1545; Source: Court of Tax Appeals

National Power Corporation v Luzon Hydro Corporation (LHC) and 4 Others

Date: 22 May 2018; Court: Court of Tax Appeals; Citation: CTA EB No. 1020; Source: Court of Tax Appeals

Commissioner of Internal Revenue v Enjay Hotels Inc and Another Appeal

Date: 22 May 2018; Court: Court of Tax Appeals; Citation: CTA EB Nos. 1498 & 1500; Source: Court of Tax Appeals

Commissioner of Internal Revenue and Another v Air Philippines Corporation and Another Appeal

Date: 21 May 2018; Court: Court of Tax Appeals; Citation: CTA EB Nos. 1537 & 1550; Source: Court of Tax Appeals

INDUSTRY UPDATES

DOJ-OOC continues Conduct of Judicial Training on Cybercrime for the ASEAN Prosecutors and Judges

The Department of Justice - Office of Cybercrime (DOJ-OOC), in partnership with the Supreme Court of the Philippines and the Global Action on Cybercrime Extended (GLACY+) Project, is set to conduct the Advanced Judicial Training Course on Cybercrime and Electronic Evidence for Judges, Magistrates and Prosecutors for the ASEAN Region in Cebu, Philippines on 19-22 June 2018.

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INDUSTRY UPDATES

DOJ Chief: Amended Constitution must clarify Impeachment Rules

MANILA, June 21 (PNA) - The country's Constitution, once amended, must clarify the rules on impeachment to avoid controversies in the future, Justice Secretary Menardo Guevarra said on Thursday.

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INDUSTRY UPDATES

Guevarra on granting Fox's Appeal: 'it's following the Rule of Law'

MANILA, June 21 (PNA) - Justice Secretary Menardo Guevarra on Thursday clarified that he is just following the rule of law when he granted the appeal of Australian nun Sr. Patricia Fox to reverse the Bureau of Immigration's decision forfeiting her visa and ordering her to leave the country.

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INDUSTRY UPDATES

UK eases Visa Application Processes for Indonesian Students

Jakarta, June 20 (ANTARA News) - The United Kingdom (UK) Visas & Immigration service is easing visa application processes for Indonesian students by reducing the documentation requirements for Tier-4 student visa applicants.

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INDUSTRY UPDATES

Indonesia, Finland achieve Significant Increase in Bilateral Ties

Jakarta, June 21 (ANTARA News) - Indonesia and Finland have achieved a significant increase in bilateral ties in 2017, Indonesian Foreign Minister Retno LP Marsudi said.

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INDUSTRY UPDATES

Some Workers at Thai Factory agree to Compensation

Half of the nearly 300 Myanmar workers who were sacked by a fishing net factory in Thailand have agreed to a promise by their employer to pay them 13 days of unpaid wages.

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INDUSTRY UPDATES

KPKT reviews National Housing Policy - Zuraida

KUCHING, June 21 (Bernama) - The Ministry of Housing and Local Government (KPKT) is reviewing the national housing policy to ensure it is suitable to the current situation in the country, said its minister Zuraida Kamaruddin.

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INDUSTRY UPDATES

Government under rising pressure to correctly tax Ride-Hailing Companies

Since June 13, ride hailing companies operating in Yangon have been obliged to pay income and commercial tax to the Yangon government under the law, U Myint Thaung, regional minister of Planning and Finance said in parliament.

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INDUSTRY UPDATES

PM Prayut: Death Penalty is Legitimate and most People agree

BANGKOK, June 20 (NNT) - The Prime Minister, Gen. Prayut Chan-o-cha, has voiced support for the execution of convicted murderers.

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INDUSTRY UPDATES

Government welcomes Opinions about Implementation of Thailand 4.0 Policy

BANGKOK, June 19 (NNT) - The government continues efforts to implement the Thailand 4.0 policy while welcoming opinions from all sides on helping to achieve its goal.

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INDUSTRY UPDATES

On World Refugee Day, De Lima files Bill to protect Refugees and Stateless Persons

In observance of World Refugee Day, Opposition Senator Leila M. de Lima today filed a measure seeking to promote and protect the rights of refugees and stateless persons in the country and prescribe a fair procedure for their status determination and eligibility.

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INDUSTRY UPDATES

MoF invites Feedback on proposed changes to the Income Tax Act

The Ministry of Finance have invited interested parties to provide feedback on the draft Income Tax (Amendment) Bill 2018 from 20 June to 11 July 2018.

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INDUSTRY UPDATES

Labor Ministry aims to find Jobs for 100,000 Unemployed Graduates

BANGKOK, June 19 (NNT) - The Labor Minister, Pol. Gen. Adul Sangsingkeo, said the Ministry of Labor aims to find jobs for about 100,000 unemployed graduates within three months.

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INDUSTRY UPDATES

Ex-President Aquino sued over DAP Mess

MANILA, June 20 (PNA) - Ombudsman Conchita Carpio Morales has indicted former President Benigno Simeon Aquino III for usurpation of legislative powers in connection with the alleged anomalous Disbursement Acceleration Program (DAP).

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INDUSTRY UPDATES

Duterte appoints CA, Sandiganbayan Associate Justices

MANILA, June 20 (PNA) - President Rodrigo R. Duterte has appointed new associate justices at the Court of Appeals (CA) and Sandiganbayan. Duterte appointed Emily Aliño-Geluz as CA Associate Justice and Georgina Dumpit Hidalgo as Sandiganbayan Associate Justice.

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