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SyCipLaw’s Tax Department has prepared the T.I.P.S. for July which covers the following tax issues:

  1. May the Bureau of Internal Revenue validly serve an assessment notice through the central receiving station of an establishment where the taxpayer is a tenant without proof of authority of the person who allegedly received the mail as part of her functions?
     
  2. Does a taxpayer need to prove the actual remittance of the withheld taxes by the withholding agent to be entitled to an excess or unutilized creditable withholding tax refund?
     
  3. How can a corporate taxpayer prove it is the same entity entitled to a tax refund when its complete corporate name spells out “Aktiebolag” but the refund petition was filed using the abbreviated “AB”?
     
  4. What amendments were introduced by Revenue Regulations (“RR”) No. 6-2023 regarding the late filing of tax returns or filing of returns with the wrong revenue district office?
     
  5. In tax-free exchanges of properties, which RDO must issue the Certificate Authorizing Registration (“CAR”) over the properties?
     
  6. What are the rates of percentage tax (“PT”), minimum corporate income tax (“MCIT”), and regular corporate income tax (“RCIT”) that will revert to the previous rates starting July 1, 2023?
     
  7. 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?

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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