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The BIR and the Ease of Doing Business Act
Let's Talk Tax The BIR and the Ease of Doing Business Act
“Kaizen” is a Japanese term for continuous improvement. We often hear this phrase in business philosophies, and some, including me personally, consider this phrase a concept we live by.
5 min read | 22 Aug 2023
Estate tax amnesty: The extension, part II
Let's Talk Tax Estate tax amnesty: The extension, part II
Thousands of Filipino families with unsettled estates revel as Republic Act No. (RA) 11956, which further amends RA 11213 or the Tax Amnesty Act, lapsed into law on August 5, 2023.
5 min read | 15 Aug 2023
Tax treaty application: A refresher course
Let's Talk Tax Tax treaty application: A refresher course
“They won’t fear it until they understand it. And they won’t understand it until they’ve used it.”—a quote in Christopher Nolan’s most recent masterpiece, Oppenheimer, which simply emphasizes the fear and/or power of knowledge, or its lack thereof.
7 min read | 08 Aug 2023
What to expect from BIR tax mapping
Let's Talk Tax What to expect from BIR tax mapping
Surprises are often something most of us want for our birthdays, anniversaries, retirements, etc. However, as taxpayers, would you still be delighted to receive a “surprise” if it’s from the BIR, and if it’s in the form of a visit to check your tax compliances? This “surprise” visit is called BIR Tax Mapping/Tax Compliance Verification Drive (TCVD).
7 min read | 01 Aug 2023
Importance of valid substituted service of assessment notice
Let's Talk Tax Importance of valid substituted service of assessment notice
In a recently decided case by the Supreme Court (SC), G.R. No 223767 dated April 24 2023, the Chief Justice ruled that the taxing authority must comply with the requirements of a valid substituted service even with the existence of a central receiving station inside the taxpayer’s registered address.
7 min read | 18 Jul 2023
The warrant of distraint and/or levy
Let's Talk Tax The warrant of distraint and/or levy
Bureau of Internal Revenue (BIR) audits have been proven to be tedious and rigorous tasks for taxpayers. From the moment the Letter of Authority (LOA) is received, with the back and forth between the submission of documents and the presentation of reconciliations, up to the final settlement of the issues.
6 min read | 11 Jul 2023
Simplified requirements and policies for VAT refund applications
Let's Talk Tax Simplified requirements and policies for VAT refund applications
Value-added tax (VAT) refund administration presents many challenges. Taxpayers often face frustration due to inefficient procedures and strict requirements even for legitimate refund claims.
7 min read | 04 Jul 2023
The difference one letter can make
Let's Talk Tax The difference one letter can make
One of the letters that taxpayers (lectiophile or not) dread receiving is a Letter of Authority (LoA). This is the official document that authorizes the BIR to examine and scrutinize a taxpayer’s books of accounts and other accounting records to check and determine the taxpayer’s tax compliance.
6 min read | 20 Jun 2023
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