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Philippines – Tax Updates September 2024 (SyCipLaw Tax Issues And Practical Solutions (T.I.P.S.) International Edition Vol. 12).

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 2024.

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

  1. In assessing claims for excess input value-added tax, may services rendered by a foreign company’s regional operating headquarters to its affiliate be considered services to “other persons” for purposes of determining whether the services are subject to value-added tax?
     
  2. Does the non-submission of the Bureau of Internal Revenue Permit to Operate as an Importer and the Importer’s Sworn Statement, for the issuance of an Authority to Release Imported Goods, render an importation illegal?
     
  3. Is there an updated version of the VAT Quarterly Return available for use by taxpayers to comply with the changes introduced to VAT reporting by the Ease of Paying Taxes Act (Republic Act No. 11976)?
     
  4. What are the guidelines for classifying business taxpayers under the new taxpayer classifications introduced by the Ease of Paying Taxes Act?

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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