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National Internal Revenue Code of 1997 5th Edition
We have all been victims of stereotypes at least once. The nursery rhymes we hummed and recited as kids are replete with societal and archetypal stereotypes, including those that pertain to gender. Then we grow older, learn more about the world, and our transformation is complete — we get so immersed in cultural norms that we find ourselves unable to look past gender norms. Before we even know it, we have become part of a culture that tends to turn a blind eye on gender equality and inclusivity.
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular No. 22-2022 last February 21, 2022 to remind all candidates, political parties, and campaign contributors of their obligations with the BIR in line with the upcoming national and local elections.
Last year, new value-added tax (VAT) rules were introduced by Republic Act (RA) No. 11534 or the CREATE Act. This act was followed by other issuances like the CREATE Implementing Rules and Regulations (CREATE IRR), and Revenue Regulation (RR) No. 21-2021. Despite the law and regulations, questions remained like: What is the proper VAT treatment of transactions with registered business enterprises (RBEs)? What type of BIR documentation is required in addition to the endorsement of the Investments Promotions Agencies (IPAs)? What does endorsement from IPAs mean? What rules shall govern when availing VAT incentives?
As a woman myself, there is one phenomenon that has been a cause of great concern for me. Around 2021, news agencies picked up on the mass exit of women from the labor force, both internationally and in the local scene. They dubbed this exit as the “she-cession”. And even in relatively gender-equal Philippines, which had seen a steady rise in the number of working women from 2017 to 2019, there was a considerable drop in numbers by the time the pandemic rolled in, and women accounted for 44% of job losses by 2020.
A basic fact of life is that “nothing lasts forever”. Things can change, whether for better or for worse. It may be said that several entities enjoying tax incentives are left wondering about the many changes and developments in Philippine tax laws. Among the questions of taxpayers is –"Can we still enjoy what we are enjoying now?”
The Commissioner of Internal Revenue has issued Revenue Memorandum Circular (RMC) No. 21-2022 to provide guidance on the work-around procedures in claiming input VAT on purchased or imported capital goods starting January 1, 2022.
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) 20-2022 to guide taxpayers in filing their Requests for Confirmation (RFC), Tax Treaty Applications (TTRA) and Tax Sparing Applications (TSA).
Society has long condoned acts that put up a gender divide. Men work, women stay at home to focus on child-rearing. Even in sexual harassment cases, women are often blamed for their provocative outfits. But not all hope is lost. There are a number of legislations advocating for the preservation of women’s rights and for gender equality. Republic Act 9710 or the Magna Carta of Women recognizes the discrimination and the realities faced by women, and puts in place measures to safeguard their rights, all in line with the constitutional mandate that the State shall recognize women’s role in nation-building and that the government has the concurrent responsibility to afford them protection.
