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As much as we hate and avoid pain, it pushes us to innovate. When things aren’t going our way and we, or our loved ones, are hurt by circumstances, we are forced to explore new ways of addressing our situation. Thus, there will be a point in life when our accumulated frustration or anguish builds up to a climax of change, sometimes for the better, sometimes for the worse. But whatever is the ultimate outcome of that sudden change, we will remember it as the defining moment of our life one way or another.

THE Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 32-2018 on April 26 prescribing the new BIR Form No. 1701Q (quarterly income tax return for individual, estates, and trusts).

Tax assessments by the Bureau of Internal Revenue (BIR) for alleged tax deficiencies are, in most cases, presumed correct; the taxpayer always bears the burden of proving that the correct taxes have been paid and that the BIR’s assessment is incorrect.

European businesses have a spring in their step. Data from our International Business Report (IBR) finds that business optimism across the EU sits at net 60% in the first quarter of 2018. This is the highest optimism figure recorded in Europe in over a decade of IBR research.

It’s normal to receive emails on updated terms of service from an online account, such as Facebook. In the past two months alone, I have received similar emails from Microsoft, Google, Yahoo, Airbnb, Facebook, LinkedIn, Twitter, Fitbit, Uber and Paypal.

IN line with submitting the quarterly alphabetical list of payees (QAP) under the Tax Reform for Acceleration and Inclusion (TRAIN) Law, the Bureau of Internal Revenue (BIR) issued a tax advisory on April 24 instructing taxpayers on how to make use of the new Alphalist Data Entry and Validation Module Version 6.0.

Tax assessments by the Bureau of Internal Revenue (BIR) for alleged tax deficiencies are, in most cases, presumed correct; the taxpayer always bears the burden of proving that the correct taxes have been paid and that the BIR’s assessment is incorrect.

The legal provisions on refunding input value-added tax (VAT) upon dissolution of the company or upon the change of VAT status was unaffected by the TRAIN law.