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VAT treatment of Japanese contractors of OECF-funded projects

19 Jan 2017

This Tax Alert is issued to inform all concerned on the prescribed VAT treatment of government projects funded by the OECF.

Reminders for expats in the Philippines

19 Jan 2017

1. April 15, 2017 is the deadline for the 2016 annual income tax return. Expats on a nonresident status, who worked and stayed in the Philippines for more than 180 days in 2016, are required to file their annual income tax returns even if the tax has been fully withheld by their employers. For those who stayed for less than 180 days, evaluate if they can qualify for exemption under the relevant tax treaty. 2. The Bureau of Immigration requires all registered aliens to report in person (Annual Report) at the Intramuros office or other participating BI offices between 03 January to 03 March 2017. The reportee shall present: (i) original ACR I-card and (ii) confirmation number issued via AR 2017 online system. Parents/guardians shall report for aliens who are less than 14 years of age. 3. In lieu of personal appearance, aliens who personally appeared in at least one Annual Report from 2014 to 2016 may send a representative issued with a Special Power of Attorney (SPA) and with valid government-issued ID. 4. An alien who returns to the Philippines with a re-entry permit shall make the annual report within 30 days from the date of re-entry. For questions relating to tax compliance, you may email Lina Figueroa at Lina.Figueroa @ph.gt.com or Marie Fe Fawagan at Mariefe.Fawagan@ph.gt.com or call 988-2211. ​Details on the Annual Report are available at the BID website. http://www.immigration.gov.ph/​

2017 Renewal of LGU Registration

03 Jan 2017

This Tax Alert is issued to remind all concerned on the requirement to renew LGU registration this January. The Local Government Code (LGC) requires every business establishment to annually renew its registration with the Local Government Unit (LGU) that has jurisdiction over its place of business.