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 2026.
The SyCipLaw T.I.P.S – International Edition covers the following tax issues:
- Is the Office of the Solicitor General entitled to a 5% share of the compromise amount paid by the taxpayer, even if it did not actively participate in the court proceedings?
- May the Bureau of Internal Revenue sustain a deficiency branch profits remittance taxes on the ground of unaccounted retained earnings?
- Is a loan transaction subject to documentary stamp tax if the proceeds of the loan are proven to be utilized outside the Philippines by the lender’s affiliates?
- If goods are purchased from a Registered Business Enterprise located in an ecozone or freeport, how should the local buyer pay VAT, and what documents are required for release of the goods?
- What are the material dates during the transition to the Single-Instance Audit Framework pursuant to Revenue Memorandum Order No. 1-2026?
- What happens to tax liabilities that were already assessed and paid before a Replacement eLA is issued for the same taxable period during the transition to the Single-Instance Audit Framework?
Please read the full text here or via this link.
This bulletin was prepared by Catherina M. Fernandez, special counsel and a member of SyCipLaw’s Tax Department, with the assistance of Associates Tyrone Matthew L. Dy, Josemaria Alvaro C. Fontillas, and Jarel Simon K. Uy.