Tax Updates August 2025 (SyCipLaw Tax Issues And Practical Solutions (T.I.P.S.) Vol. 40)

SyCipLaw's Tax Department has prepared Tax Issues and Practical Solutions (T.I.P.S.) for August.

The SyCipLaw T.I.P.S. for August 2025 covers the following tax issues:

1. Does the Government's sixty percent (60%) share of the net proceeds in the Malampaya Natural Gas Project include the contractors' income taxes?
2. Is prescription a matter of defense, such that the burden is on the taxpayer to prove that the full period of limitation has expired?
3. Are services rendered to a PEZA-registered enterprise by a supplier located in the customs territory and consumed outside the ecozone subject to 12% VAT?
4. May a local government unit immediately resort to the use of the presumptive income level assessment approach in computing the local business tax due instead of the taxpayer's gross sales or receipts of the preceding calendar year?