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SyCipLaw’s Tax Department has prepared an international edition of its Tax Issues and Practical Solutions (T.I.P.S.) for the first quarter of 2024.

The SyCipLaw T.I.P.S – International Edition covers the following tax issues:

  1. Are informal settlement agreements between the Commissioner of Internal Revenue and the taxpayer valid and binding?
     
  2. While a tax case is pending in court, may the CIR and the taxpayer enter into a compromise agreement and request for judicial approval thereof?
     
  3. May a corporation file a claim for a tax refund if it paid final withholding taxes on dividends, which were erroneously declared and paid?
     
  4. Does the Court of Tax Appeals have jurisdiction over a petition for review questioning a Final Notice Before Seizure issued by the Bureau of Internal Revenue? 
     
  5. Are all international service provisions or cross-border service agreements rendered by non-resident foreign corporations (“NRFCs“) automatically subject to income tax and VAT pursuant to Revenue Memorandum Circular (“RMC“) No. 5-2024?

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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