Invoicing Requirements under the EoPT Act
Let's Talk Tax Invoicing Requirements under the EoPT Act
In our earlier article, “Removal of the 5-Year Validity of Receipts and Invoices,” I explained that the Philippine tax system is mostly driven by supporting
EoPT dates to remember for CAS taxpayers
Let's Talk Tax EoPT dates to remember for CAS taxpayers
One famous motto says, “Prevention is better than cure.” This saying is applicable to one’s everyday life. It is always better to avoid further damage than to
The IRRs of Ease of Paying Taxes Act
Let's Talk Tax The IRRs of Ease of Paying Taxes Act
The passage of the Ease of Paying Taxes (EOPT) Act, or Republic Act No. 11976, sparked hope among taxpayers, envisioning a smoother journey in navigating
Refund of excess input VAT clarified
Let's Talk Tax Refund of excess input VAT clarified
It is a well-settled doctrine that tax refunds are in the nature of tax exemptions and, hence, are construed strictissimi juris against the taxpayer.
Taxing times for tax evaders; understanding tax evasion
Let's Talk Tax Taxing times for tax evaders; understanding tax evasion
According to estimates, the Philippines is losing ₱500 billion to tax evasion annually. Thus, even in the early stages of his term as the Commissioner of the
The effect of a new assessment in the Final Decision on Disputed Assessment
Let's Talk Tax The effect of a new assessment in the Final Decision on Disputed Assessment
In tax assessment, the Bureau of Internal Revenue (BIR) and the taxpayers will likewise protect and defend their duties and rights based on laws, rules and