SyCipLaw’s Tax Department has prepared an international edition of its Tax Issues and Practical Solutions (T.I.P.S.) for the third quarter of 2023.
The SyCipLaw T.I.P.S – International Edition covers the following tax issues:
- May government officials be held liable for indirect contempt for participating in a press conference when the Court of Tax Appeals has already issued a resolution advising the parties to refrain from discussing the merits of a tax case before the media?
- Are Avon’s splash colognes and body sprays, whose essential oil content is not more than 3% by weight, subject to 20% excise tax under Section 150(b) of the Tax Code?
- Does service by the Bureau of Internal Revenue of a letter denying the taxpayer’s claim for refund to the taxpayer – instead of the taxpayer’s counsel – constitute a proper service for purposes of determining the reckoning period to file an appeal to question the denial?
- Is a foreign vessel that remains in the Philippines after the expiration of a bareboat charter authority, considered imported into the Philippines and therefore subject to customs duties and taxes on importation even though such foreign vessel is covered by a valid and subsisting re-export bond?
- What are the recent amendments to the rules concerning the VAT-zero rating incentives of Registered Business Enterprises (“RBEs”) that were registered prior to the effectivity of the CREATE Act?
- What are the requisites and documentary requirements to be eligible for VAT zero-rating on local purchases of REEs?
- Are RBEs which were granted incentives prior to the CREATE Act subject to local taxes after the effectivity of the CREATE Act?
- What are the rules governing the extension of the estate tax amnesty under Republic Act (“RA”) No. 11956?
Please read the full text here or via this link.
