Conventus Law

Conventus Law

by

SyCipLaw’s Tax Department has prepared Tax Issues and Practical Solutions (T.I.P.S.) for October.

The October 2023 issue covers the following tax issues:

  1. In cases of real property taxes (“RPT”) on land covered by the Torrens system, can treasurers of local governments rely on the certificates of title to determine the owner of the land for purposes of sending notices of deficiency RPT?
     
  2. Is the 60-day period to submit supporting documents for a request for reinvestigation under a protest to a Final Assessment Notice/Final Letter of Demand (“FAN/FLD”) for deficiency taxes counted from the date of the filing of said protest?
     
  3. May the Court of Tax Appeals declare, as void and inoperative, the provision of a local government unit’s revenue code – which requires the prior payment of local business taxes before entertaining a protest – even if the taxpayer did not follow the procedure for nullifying the provision in accordance with Section 187 of the Local Government Code?
     
  4. When is prior notice and hearing required for a revenue issuance to be valid?
     
  5. What taxes are due on transactions involving real properties considered as ordinary assets?
     
  6. What are the modes of service for warrants of garnishment against the bank deposits of a delinquent taxpayer?
     

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

Register for your monthly Asia legal updates from Conventus Law

Error: Contact form not found.

RELATED ARTICLES