Simplified VAT refund process under CREATE MORE
Let's Talk Tax Simplified VAT refund process under CREATE MORE
The government has been tirelessly pushing to attract more investors for the Philippines to become more investment-friendly and more competitive with other ASEAN countries. To pursue this move, recent tax laws are trying to keep up with the digital world where convenience and simplicity of processes are paramount.
7 min read |
CMEPA Bill and its future impact
Let's Talk Tax CMEPA Bill and its future impact
CMEPA’s basic objectives are to promote a fairer and simpler passive income tax system that will encourage savings and capital investment; to increase capital mobility in an ever-globalizing world; and to incentivize investment in the trade of equity and security debts.
4 min read |
Adopt-a-School Program: A Path to Tax Savings and Educational Impact
Let's Talk Tax Adopt-a-School Program: A Path to Tax Savings and Educational Impact
In my research, I noted that various programmes that encourage private entities to help or assist in upgrading and modernising educational institutions in the Philippines have been instituted. In 1998, Republic Act (“R.A.”) No. 8525, otherwise known as the “Adopt-a-School Program”, was enacted.
8 min read |
Shifting the Burden: New VAT Rules for Local Sales of RBEs
Let's Talk Tax Shifting the Burden: New VAT Rules for Local Sales of RBEs
With the Comprehensive Tax Reform Package (CTRP) unfolding one by one, it can be quite overwhelming for taxpayers to note the changes that will directly affect them. With the passage of the CREATE MORE Act (Republic Act No. 12066), the country moves closer to becoming more competitive by enhancing tax incentives to attract investors.
6 min read |
What’s Next? A New Tax Reform for the Capital Market
Let's Talk Tax What’s Next? A New Tax Reform for the Capital Market
Philippine taxation has undergone significant changes with the enactment of several tax reforms in 2024. These reforms include the Ease of Paying Taxes Act (R.A. No. 11976), the Real Property Valuation Act (R.A. No. 12001), VAT on Digital Services (R.A. 12023), and the most recent CREATE MORE Act (R.A. No. 12066), which generally aims to modernize the current tax system, making it simpler, fairer, and more efficient.
6 min read |
Requests for Reconsideration of Denied Claims of VAT Refund no longer cover review of factual issues
Let's Talk Tax Requests for Reconsideration of Denied Claims of VAT Refund no longer cover review of factual issues
In any social or professional collaboration, there may arise instances wherein there is a misinterpretation of certain facts, and in such cases, reconvening and circling back can prove to be one of the most efficient solutions.
7 min read |