The ELA is proud to welcome our newest member firms: Cains Advocates in Isle of Man and Bowmans - B&M Legal Practitioners in Zambia!
The ELA is proud to welcome our newest member firms: Cains Advocates in Isle of Man and Bowmans - B&M Legal Practitioners in Zambia!

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

Submitted by Firm:
SyCip Salazar Hernandez & Gatmaitan
Firm Contacts:
Rodelle B. Bolante
Article Type:
Legal Update
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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.

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