How to register for Making Tax Digital for VAT
Did you know the way you file your VAT Returns for your VAT-registered business enterprise has transformed? By regulation, you need to indication up to Creating Tax Electronic (MTD) and…
The beef tax | Seth’s Blog
We’re all having to pay it, each working day. In the US, taxpayers subsidize the cattle marketplace with billions of pounds of tax dollars each and every calendar year. Most…
BIR confiscates P1.2B worth of counterfeit cigarettes, tax stamps
Raids conducted by the Bureau of Internal Revenue’s (BIR) “strike team” against the illicit trade of cigarettes have already yielded over P1.2 billion in counterfeit sticks and fake tax stamps…
DTI wants tax perks included in Bayanihan 2
The Department of Trade and Industry (DTI) wants the Bayanihan 2 bill to include tax perks that would encourage businesses to keep at least 90 percent of their workforce, a…
Local makers of PPEs seek tax breaks
A group of companies that repurposed their plants to make personal protective equipment (PPE) for health care workers is now asking the government for help, as they struggle against the…
BIR to Pagcor: Offshore Pogos must pay 5 percent franchise tax
The Bureau of Internal Revenue (BIR) is bent on collecting 5 percent franchise taxes owed by Philippine offshore gaming operators (Pogos) based overseas despite opposition from the Philippine Amusement and…
S. Korea revises tax rules to respond to post-coronavirus economy
Deputy Prime Minister and Finance Minister Hong Nam-ki. (Yonhap) SEOUL — South Korea on Wednesday unveiled a set of revised taxation rules aimed at better dealing with the widening economic…
BIR moves to plug tax leaks from related-party transactions
To plug hefty tax leakages from local and foreign deals involving related parties, the Bureau of Internal Revenue (BIR) on Friday mandated reporting of these types of transactions. The country’s…
BIR eases tax rules for Pogos to pay, resume operations
The Bureau of Internal Revenue (BIR) has eased some of the tax requirements for Philippine offshore gaming operators (Pogos) to resume operations under a less restrictive COVID-19 community quarantine. Internal…
ADB OKs $26.5M loan to plug leaks in local property tax take
MANILA, Philippines — The Asian Development Bank (ADB) has greenlighted a $26.5-million loan (over P1.3 billion) so local governments in the Philippines can assess property taxes digitally. “The Local Governance…