Are dividends and interest subject to local business tax
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This Tax Alert is issued to inform all concerned on the remedy for issues encountered by eFPS users who filed the Quarterly Remittance Returns of CWT and FWT (BIR Forms 1601EQ and 1601FQ, respectively) prior to April 26, 2018 and May 3, 2018.
This Tax Alert is issued to inform all concerned on the updated implementing rules and regulations on the taxation of self-employed and professional individuals.
Accounting for cryptocurrency assets does not fit easily within the IFRS framework. For reasons which we will explain, our view is that in the majority of cases, it will be appropriate to account for them in accordance with IAS 38 ‘Intangible Assets’ either at cost or at revaluation.
Professional services firm P&A Grant Thornton is often tasked by international clients to setting up their Philippine corporations. In doing so, they have first-hand experience and insight into the ease — or difficulty —of doing business in the country.
MANILA, Philippines — He did not always want to be an accountant. “Not really,” says Romualdo “Boyet” Murcia III, a partner in the Audit and Assurance Division of P&A Grant Thornton, one of the leading audit, tax, advisory and outsourcing firms in the country.
Business optimism in the Philippines have dropped by 12 percentage points in the first quarter this year to 74 percent from 86 percent in the fourth quarter in 2017, but the country ranked third highest in optimism among Asian countries, according to global research from Grant Thornton’s International Business Report (IBR).