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National Internal Revenue Code of 1997 5th Edition
For a long time now, recovering from a loss as massive as being denied of their right to claim a refund for the creditable input value-added tax (VAT) they paid has been a key issue for diligent taxpayers. This issue remains a conundrum that is worthy of review and clarification every now and then. With the rise of VAT refunds denied because of technicalities, taxpayers are now keen on seeking justice with their own hands. Thus, a loss of a loss — i.e., when denied a claim, which is a significant loss on their part, taxpayers are convinced they can deduct the same as a loss.
IN response to the growing health care financing needs of members and to ensure the sustainability of health care benefits, the Philippine Health Insurance Corp. (PhilHealth) issued PhilHealth Circular No. 2017-0024 last Nov. 1.
Mom, if God does not want Adam and Eve to eat from the tree of the knowledge of good and evil, why did God put that tree in the Garden of Eden?”
The holidays are upon us! Homes, offices, shopping centers, and places of worship are adorned with sparkling decorations.
THE advantages of federalism that accrue to federal countries around the world today cannot be denied. To convert unitary Philippines into several states and then federate them, however, will not bring the same results.
Three Pinoy friends are waiting to catch a jeepney for a ride home. |A jeepney stops in front of them, but only two seats are vacant. What do you think will happen next? They will either give this a miss and wait for the next one, or get on board, with one of them having to sit on another’s lap. Is this a familiar story?
It’s that time of the year again —twenty-six days before Christmas. Every year, I look forward to the holiday season — when we have to decorate our houses, set up Christmas trees, hang lights around the house, and buy gifts for our loved ones. We prepare the long list of family members, friends, godsons, and goddaughters, so no one will be forgotten. As early as now, many, of us have been preparing for the upcoming holidays.
“—is feeling excited. Thank goodness for online banking! I didn’t have to leave the house to pay for my plane ticket. #TaiwanSoon ”
