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Suspension of the requirement for proprietary educational institutions to be non-profit to be entitled to 1% income tax under RR No. 5-2021

28 Jul 2021

This Tax Alert is issued to inform all concerned on the suspension of certain provisions of Revenue Regulations (RR) No. 5-2021 on the income taxation of proprietary educational institutions.

Deferment of the implementation of RR No. 09-2021

28 Jul 2021

This Tax Alert is issued to inform all concerned on the deferment of the implementation of Revenue Regulations (RR) No. 09-2021.

List of additional and delisted Top Withholding Agents now available

16 Jul 2021

This Tax Alert is issued to inform all concerned on the latest published lists of additional and delisted Top Withholding Agents (TWAs) who are required to deduct and remit the one percent (1%) or two percent (2%) Creditable Withholding Tax (CWT) from the income payments to suppliers of goods and services, respectively.

FDA list of VAT-exempt drugs/medicines, vaccines and medical devices pursuant to CREATE Act now available

08 Jul 2021

This Tax Alert is issued to inform all concerned on the published “List of VAT-Exempt Products” pursuant to Republic Act No. 11534, also known as Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act.

Clarifications on the suspension of running of statute of limitations due to declarations of ECQ and MECQ in certain areas

08 Jul 2021

This Tax Alert is issued to inform all concerned taxpayers on the clarifications on the suspension of the running of statute of limitations for assessment and collection of taxes due to declarations of quarantine in various areas in the country.