SyCipLaw’s Tax Department has prepared Tax Issues and Practical Solutions (T.I.P.S.) for November-December.
The November-December 2023 issue covers the following tax issues:
- What are the remedies available to a taxpayer in case of inaction by the Commissioner of Internal Revenue (“CIR”) on its protest filed against an assessment?
- To whom may the Notice for Informal Conference (“NIC”), the Preliminary Assessment Notice (“PAN”), and the Formal Letter of Demand and Assessment Notice (“FLD/FAN”) be personally served?
- May the Commissioner on Internal Revenue (“CIR”) apply the extraordinary 10-year assessment period on the basis of false returns in general, i.e., regardless of whether the falsity is intentional or not?
- Does a taxpayer/importer have the option of waiting for a decision of the Commissioner of Customs to decide an appeal of a decision rendered by a District Collector?
- Is a security guard, who is stationed in the taxpayer’s registered address, duly authorized to receive notices from the Bureau of Internal Revenue on the taxpayer’s behalf?
- Are joint ventures/consortiums required to pay creditable withholding tax on their income payments?
- Are there new rules for applications for Letters of Authority (“LOA”) for local sales by PEZA Registered Export Enterprises (“REEs”)?
- What are the requisites and documentary requirements for Board of Investments (“BOI”) REE to be eligible for VAT zero-rating on local purchases?
Please read the full text here or via this link.
