Deferment of the implementation of RR No. 09-2021

28 Jul 2021

This Tax Alert is issued to inform all concerned on the deferment of the implementation of Revenue Regulations (RR) No. 09-2021.

List of additional and delisted Top Withholding Agents now available

16 Jul 2021

This Tax Alert is issued to inform all concerned on the latest published lists of additional and delisted Top Withholding Agents (TWAs) who are required to deduct and remit the one percent (1%) or two percent (2%) Creditable Withholding Tax (CWT) from the income payments to suppliers of goods and services, respectively.

FDA list of VAT-exempt drugs/medicines, vaccines and medical devices pursuant to CREATE Act now available

08 Jul 2021

This Tax Alert is issued to inform all concerned on the published “List of VAT-Exempt Products” pursuant to Republic Act No. 11534, also known as Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act.

Clarifications on the suspension of running of statute of limitations due to declarations of ECQ and MECQ in certain areas

08 Jul 2021

This Tax Alert is issued to inform all concerned taxpayers on the clarifications on the suspension of the running of statute of limitations for assessment and collection of taxes due to declarations of quarantine in various areas in the country.

Implementation of penalty provisions under TRAIN Law

06 Jul 2021

This Tax Alert is issued to inform all concerned on the implementation of the penalty provisions under Sections 76, 77, 78, 79 and 80 of Republic Act (RA) No. 10963 (TRAIN Law), amending Sections 254 and 264 of, and adding Sections 264-A, 264-B and 265-A to, the National Internal Revenue Code (NIRC) of 1997, as amended.