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SyCipLaw’s Tax Department has listed down its Top 10 Tax Issues and Practical Solutions (T.I.P.S.) for 2023.

The SyCipLaw’s Top 10 Tax Issues and Practical Solutions (T.I.P.S.) for 2023 covers the following tax issues:

  1. Does the Court of Tax Appeals have jurisdiction over a tax dispute solely involving two government agencies under the Executive Department?
  2. Can a local government unit continue taxing a company that is no longer conducting business within its jurisdiction on the basis of the company’s failure to apply for the retirement of its business?
  3. Are payments made to a nonresident foreign corporation for satellite services delivered in the Philippines taxable in the Philippines?
  4. Is an issuer of Philippine Depositary Receipts (“PDRs“) automatically considered a dealer in securities?
  5. What are the amendments introduced by Revenue Regulations (“RR“) No. 3-2023 to the regulations on VAT zero-rating?
  6. What changes were introduced by RMC No. 71-2023 and Revenue Memorandum Order (“RMO“) No. 23-2023 on the processing of claims for Value-Added Tax (“VAT“) credit or refund?
  7. Was the Estate Tax Amnesty extended?
  8. When does the five-year prescriptive period for tax evasion cases begin to run?
  9. When is prior notice and hearing required for a revenue issuance to be valid?
  10. What taxes are due on transactions involving real properties considered as ordinary assets?

Please read the full text here or via this link. 

WRITTEN BY

For further information, please contact:

Carina C. Laforteza – SyCipLaw,
cclaforteza@syciplaw.com

Carina C. Laforteza – SyCipLaw

Ms. Laforteza, an expert in Philippine taxation and corporate law, with extensive experience in tax structuring, litigation, and mergers. She's a CPA and lecturer at UP College of Law.

Ms. Laforteza is an expert on Philippine taxation and her tax work ranges from tax structuring for corporations, individuals, estates, tax compliance, as well as tax-related litigation and arbitration, including safeguard measures investigations. She is also an experienced corporate lawyer and has handled mergers, acquisitions and divestments (including transaction structuring, documentation and due diligence), as well as financing work, where she has acted for both lenders and borrowers.

She is a professorial lecturer in taxation at the University of the Philippines – College of Law and was a bar examiner in Taxation in the 2020/2021 Bar Examination given by the Philippine Supreme Court. 

Ms. Laforteza is also a certified public accountant.

She has been ranked by Chambers Asia Pacific as a Pacific since 2010.

Link to corporate profile: https://syciplaw.com/lawyers/partners/CCLaforteza

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