CREATE Bill’s VAT amendments and real property exemptions
AS the end of 2020, a year like no other, draws near, the CREATE Bill also inches closer…
Beyond liberalizing tax incentives under Bayanihan 2
The government’s invigorated legislative response against Covid-19, Republic Act 11494 or more popularly known as “Bayanihan to Recover…
BIR clarifies its Voluntary Assessment and Payment Program
IS a taxpayer entitled to a “No Audit” privilege if it selects to pay not all, but just…
Setting up a company’s internal compliance program for trading strategic goods under the Strategic Trade Management Act
IN this last part of my article featuring the “Strategic Trade Management Act” or Republic Act 10697, I…
Gearing up for the pre-authorization audits by DTI’s Strategic Trade Management Office
IN my last article, I wrote about Republic Act (RA) 10697, otherwise known as the “Strategic Trade Management…
DTI-STMO’s authorization for exporting strategic goods begins
IN May 2012, an Iranian citizen and international trader, Parviz Khaki, was arrested in Manila based on America’s…
Easing the closing of business due to Covid-19
The Covid-19 pandemic kills…not only lives but also businesses. In a briefing held last month, the Department of…
Bayanihan 2: From healed to recovery?
AS the clock ticked last week, both Houses of Congress were scurrying to pass on third reading their…
Online in the time of corona
IN his 1985 opus, “Love in the Time of Cholera”, Colombian Nobel laureate Gabriel García Márquez wrote that…
Assessment unplugged: Solving the BIR audit conundrum
Part Two Following the signing of “Bayanihan to Heal as One Act” (Republic Act 11469), coupled with the…
Assessment unplugged: Solving the BIR audit conundrum
Part One It’s that time of year. Amid the global maelstrom whipped up by the Covid-19 pandemic, its…