Normally, when one looks at the financial statements of a corporation and notices that the accumulated earnings exceed the paid-up capital, one will infer that this is a positive thing.
In the arena of international transactions, management and service agreements between interrelated companies within a multinational corporation is an inevitable consequence of globalization.
There have been substantial developments in the reform of the tax system.
Taxpayers are looking forward to the proposed tax reform of the Department of Finance (DoF)
Some taxpayers have reported receiving Benchmarking Notices from the Bureau of Internal Revenue (BIR).
On Aug. 19, 2013, the Supreme Court (SC) decided in the case of Deutsche Bank AG Manila Branch vs. Commissioner of Internal Revenue (G.R. No. 188550) and made the emphasis...
Last month, the Philippine Atmospheric Geophysical and Astronomical Services Administration (PAGASA) officially announced the start of the rainy season.
Many taxpayers believe that, in a tax assessment conducted by the Bureau of Internal Revenue (BIR), even though the taxpayers submit a reply to the Preliminary Assessment Notice (PAN)
