Tax Updates September 2024 (SyCipLaw Tax Issues and Practical Solutions - International Edition, Vol. 12)
October 24, 2024
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?
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