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We are about to enter the fourth month of implementation of the TRAIN law and, to this day, taxpayers still have questions about withholding taxes. The Bureau of Internal Revenue (BIR) finally issued Revenue Regulations (RR) No. 11-2018, discussing some amendments to withholding tax regulations (i.e., RR No. 2-98, as amended) effective Jan. 1, 2018.

Midway through our marriage, my wife told me that she does not feel loved, or that at least I am not expressing my love for her.

PHILIPPINE Economic Zone Authority (Peza) issued Memorandum Circular (MC) No. 2018-003 dated March 12, announcing that the sale of goods and services to Peza entities will continue to be subject to zero percent value-added tax (VAT).

The Philippine Economic Zone Authority (PEZA) director-general announced that sales of goods and services to PEZA-registered entities shall continue to be subject to 0% VAT.

My eldest daughter has just finished her last set of examinations for the school year.

WITH the approval of Republic Act No. 10963 (TRAIN Law), the Bureau of Internal Revenue issued Revenue Regulations (RR) No. 9-2018 last Feb. 26, 2018. RR No. 9-2018 laid out the implementing rules and guidelines on imposing stock transfer tax (STT) on the transfer of shares publicly listed and traded through the local stock exchange. The RR reiterates from the TRAIN law that the STT increased from ½ of one percent to 6/10 of one percent—an increase of 1/10 of one percent—of the gross selling price or gross value in money of the shares of stock sold, bartered, exchanged, or otherwise disposed of, which shall be paid by the seller or transferor.

The term “tax net” refers to “the mechanism for ensuring that people and companies pay their taxes.”

THE Bureau of Internal Revenue (BIR) recently issued Revenue Regulations (RR) No. 8-2018 implementing the rules and regulations of the new personal income tax rates under the Tax Reform for Acceleration and Inclusion Act (TRAIN) Law (Republic Act No. 10963).