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Let's Talk Tax Revisiting withholding tax rules on professional fees 07 Jun 2016
Two trillion pesos. This is the revenue collection target of the Bureau of Internal Revenue (BIR) for 2016 and much of this represents income tax collected via
Let's Talk Tax Documenting offsetting arrangements in a tax credit or refund 31 May 2016
We often hear the phrase: “Taxes are the lifeblood of the Government,” as the main reason why collecting them is essential. However, there are instances when
Let's Talk Tax Are waivers sole responsibility of taxpayers? 03 May 2016
In every relationship, the parties involved need to agree to achieve a harmonious relationship. The Bureau of Internal Revenue (BIR) and the taxpayer are no
Let's Talk Tax Some things for taxpayers to consider before the elections 26 Apr 2016
It is barely two weeks to the May 9 elections. For months, we have been hearing many promises from the presidential candidates, and it cannot be denied that
Let's Talk Tax Favorable developments in deficiency and delinquency interest 19 Apr 2016
Taxpayers may have finally been given two rays of hope by the Court of Tax Appeals when it comes to the applicability of deficiency and delinquency interest in
Let's Talk Tax BIR Form No. 1606: Establishing the fact of withholding in CWT refund 12 Apr 2016
The countdown has started and taxpayers have barely 4 days before the last day for filing the final adjustment return otherwise known as the Annual Income Tax
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