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Application of Certificate Authorizing Registration (CAR) for real properties in tax-free exchanges now with the RDO where the transferee/surviving corporation is registered, regardless of the number of real properties

27 Jun 2023

This Tax Alert is issued to inform all concerned on the amendment to the venue for the application of Certificate Authorizing Registration (CAR) for transferred properties pursuant to tax-free exchanges (TFE) relative to the implementation of Republic Act (RA) No. 11032, or the “Ease of Doing Business and Efficient Government Service Delivery Act of 2018”.

Reversion of Regular Corporate Income Tax to 10% for proprietary educational institutions and non-profit hospitals, Percentage Tax to 3%, and Minimum Corporate Income Tax to 2%, effective July 1, 2023

27 Jun 2023

This Tax Alert is issued to inform all concerned on the reversion of the reduced rates of Regular Corporate Income Tax (RCIT) of proprietary educations institutions and non-profit hospitals, Percentage Tax (PT), and Minimum Corporate Income Tax (MCIT) to original rates, pursuant to Republic Act (RA) No. 11534, or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act.

List of additional and delisted Top Withholding Agents on June 22, 2023

27 Jun 2023

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 regular suppliers of goods and services, respectively.

Updated guidelines on late filing and out-of-district filing of tax returns

27 Jun 2023

This Tax Alert is issued to inform all concerned on the amendment of certain provisions prescribed by Revenue Regulations (RR) No. 13-2010, regarding late filing and out-of-district filing of tax returns.

Updated policies on filing of appeal against Final Decision on Disputed Assessments (FDDA)

05 Jun 2023

This Tax Alert is issued to provide the updated policies on the filing of appeal against Final Decision on Disputed Assessments (FDDA) pursuant to Revenue Regulations (RR) No. 12-99, as amended.