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A lot has been going on with respect to tax reform. Some tax rates are proposed for adjustment, while some tax exemptions face removal, among other expected changes.

THE general rule is, a final tax of six percent based on the gross selling price or fair market value of the property

Since the passage of Republic Act (RA) 10754, An Act Expanding the Benefits and Privileges

Can the Bureau of Internal Revenue (BIR) issue an assessment even after the lapse of the three-year prescriptive

The tax season is over and almost all taxpayers who were able to fi le within the deadline yesterday, April 17, are now wondering what’s next in the pipeline of the Bureau of Internal Revenue

PREVIOUSLY, third party information such as Reconciliation of Listing for Enforcement (RELIEF) and Bureau of Customs (BOC) data are generated only upon request of investigating offices conducting the tax audits.

PREVIOUSLY, the Securities and Exchange Commission (SEC) issued Memorandum Circular No. 9-2011, prescribing a 10-year limit on independent directors in listed, public and mutual fund companies.

One political analyst has said that President Rodrigo R. Duterte’s rise to power stems from voter frustration with the prevailing system of the government. His victory was a protest against the failure of previous administrations to solve corruption and criminality. But many critics of the President view his promise of change and reform to be a pitfall if he does not deliver.