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Let's Talk Tax Heroes of the Philippine tax system
In less than two months, I will tie the knot with my girlfriend of eleven years. Looking back, I went through failure, heartache, and disappointment but, at the same time experienced milestones and achievements that made me who I am today. Being with someone I cherish made me a better version of myself. As American author Helen Keller put it, “the best and most beautiful things in the world cannot be seen or even touched — they must be felt with the heart.” It is better to have someone to rely on.
From Where We Sit Leadership is not for the faint of heart
The movie trailer for Top Gun: Maverick has just been released. It is a surprising, yet very much welcome sequel to the 1986 classic Top Gun, starring Tom Cruise as Lt. Pete “Maverick” Mitchell. Although the sequel will not be released until 2020, I got so excited about the sequel that I rewatched the 1986 film over the long weekend.
Tax Notes Availability of new BIR Forms 1604-C, 1604-F, 2306, 2307
PURSUANT to the implementation of the Tax Reform for Acceleration and Inclusion (Train) Law, the Bureau of Internal Revenue (BIR) has recently issued Revenue Memorandum Circular 73 and 74-2019, prescribing the availability of the revised and enhanced version of the following BIR forms:
Let's Talk Tax Royalties, Customs duties and post-clearance audits
The royalties that you pay relating to the goods that you import may be subject to Customs duties as part of the dutiable value of the importation. Have you made this evaluation? Are you paying duties on those dutiable royalties? Is there a risk that this will be uncovered during a customs audit?
From Where We Sit Who is successful?
Today, we consume a great amount of social media, and we do not expect it to lessen anytime soon, maybe never. As we survey through the different social media platforms, we can see what others have been doing, where they are now, and what kind of life they have been living. With so much information, it is becoming more and more difficult for us to avoid comparing what we are seeing with what we have been doing. Not only do we compare ourselves with our friends and colleagues, we are also exposed to a new breed of individuals whom we feel are having such a great gig: the travel vloggers, the e-sports professionals, and the social media influencers. Heck, we even dream of our kids having their own YouTube channels with millions of subscribers. All these information we are seeing every day are affecting how we are scrutinizing our own lives.
Tax Notes Amended guidelines in registration of employees
THE Bureau of Internal Revenue (BIR) recently issued Revenue Memorandum Order (RMO) 37-2019, otherwise known as the Amended Policies, Guidelines and Procedures on the Registration of Employees, to simplify the procedures for registering, transferring and updating employee information through the e-registration system, including the issuance of the Tax Identification Number (TIN) card to employees.