SyCipLaw’s Tax Department has prepared Tax Issues and Practical Solutions (T.I.P.S.) for August.
Please read the full text at https://tinyurl.com/
The SyCipLaw T.I.P.S. for August covers the following tax issues:
1. May the Bureau of Internal Revenue issue assessments against a taxpayer based on third-party information?
2. May a taxpayer avail of the provisional remedies of a Suspension Order and a Writ of Preliminary Injunction/Temporary Restraining Order at the same time in the same case?
3. May the CTA rule on the validity of a BIR issuance which was previously declared void by a Regional Trial Court?
4. For taxable years prior to the Corporate Recovery and Tax Incentives for Enterprises Act, is a company registered with the Philippine Economic Zone Authority (PEZA) exempt from improperly accumulated earnings tax even if it is under income tax holiday and not under the 5% special tax regime which is imposed in lieu of all other taxes?
5. Is the renunciation of rights, interest and participation in the settlement of estate of the decedent subject to donor’s tax and documentary stamp taxes?
6. Are social media influencers required to register with the BIR?
7. How can a social media influencer avoid the risks of double taxation on income received from non-resident foreign companies residing in a country with which the Philippines has a tax treaty?
For further information, please contact:
Carina C. Laforteza, Tax Department Head,
SyCip Salazar Hernandez & Gatmaitan
cclaforteza@syciplaw.com
