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From Where We Sit Tell your stories
I still vividly remember my first day as a freshman at the University of the Philippines. It was 6:30 in the morning. I was half an hour early for my Communications I class. With my old, red Jansport backpack serving as my security blanket, I anxiously walked along the empty hallway. After spending the last 12 years of my life in an all-boys school, I did not know how to feel or think about having female classmates in a very large campus. As fate would have it, I was the second student to arrive for class, the first being a petite girl. She was standing outside the classroom when I nervously approached the door. Nobody else was there. Obviously, I kept my distance. However, she did not. She asked me for the time.
Tax Notes New format for Notice to Issue Receipt/Invoice
THE Bureau of Internal Revenue has issued Revenue Regulations (RR) 10-2019 on Dec. 2, 2019, mandating all commercial establishments to use the new format for Notice to Issue Receipts/Invoices.
Let's Talk Tax What’s next for taxpayers?
If we ask taxpayers what they think about what’s next for them, we could certainly get varying responses. One would answer, “Tax deadlines, of course!” Another would say, “Tax assessments and maybe, tax reform?” One might even say, “I would rather not think about it right now; don’t spoil my December!”
Woman in Tax Leader World Tax recognizes P&A Grant Thornton’s Pinay official
P&A Grant Thornton tax advisory and compliance head Atty. Eleanor Roque was named a Woman in Tax Leader in the Philippines by World Tax in association with the International Tax Review.
Tax Notes Terminating the submission of semestral list of regular suppliers
THE Bureau of Internal Revenue (BIR) recently issued Revenue Memorandum Circular (RMC) 122-2019, further clarifying that the submission of Semestral List of regular Suppliers (SRS) has been terminated. The BIR added that the information found under the SRS is already found in the quarterly Alphalist of Payees (formerly the monthly Alphalist of Payees) and in the annual Alphalist of Payees.
Let's Talk Tax Common tax issues of PEZA-registered entities
On weekends, I travel from my workplace to my province for a quick break from my busy working life. Every time I travel to my home town, I always notice the expanding industry of Philippine Economic Zone Authority (PEZA) enterprises, with special economic zones and technoparks being established in almost every city of my province, wherever I go. In fact, our province is known for its numerous economic zones. This makes me realize the rise in demand for PEZA-registered entities.