Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 11 MARCH 2021

Tax Updates November 2020 (SyCipLaw Tax Issues And Practical Solutions (TIPS) Vol. 6)

SyCip Salazar Hernandez & Gatmaitan
SyCip Salazar Hernandez & Gatmaitan
Contributor
SyCip Salazar Hernandez & Gatmaitan

SyCip Salazar Hernandez & Gatmaitan

SyCip Salazar Hernandez & Gatmaitan (SyCipLaw) is one of the largest law firms in the Philippines...

View firm profile
Explore more from SyCip Salazar Hernandez & Gatmaitan

SyCipLaw's Tax Department prepared a TIPS bulletin for the month of December.

PhilippinesTax
  1. When is the extended deadline to avail of the benefits of the Bureau of Internal Revenue's Voluntary Assessment and Payment Program for Taxable Year 2018 (VAPP)?

The Bureau of Internal Revenue (BIR) has issued Revenue Regulations No. 33-2020 (RR No. 33-20) which extends the period for availment of the benefits of the Voluntary Assessment and Payment Program for Taxable Year 2018 under Certain Conditions (VAPP) until June 30, 2021, unless extended further by the Secretary of Finance.

The VAPP was originally set to expire on December 31, 2020 under Revenue Regulations No. 21-2020 (RR No. 21-20). It is a program promulgated by the Secretary of Finance to encourage voluntary tax compliance in light of the COVID-19 pandemic and the need to maximize revenue collection for the Government.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Corporate Taxation Under The National Internal Revenue Code Of The Philippines

Under the Philippine's National Internal Revenue Code of 1997 (the "Tax Code"), the term "corporation" includes partnerships, no matter how created or organized, joint-stock companies, joint accounts (cuentas en participation), associations, or insurance companies, but excluding general professional partnerships and a joint venture or consortium formed for the purpose of undertaking construction projects or engaging in petroleum, coal, geothermal and other energy operations pursuant t
PhilippinesTax
Ponce Enrile Reyes & Manalastas Law Offices
Ponce Enrile Reyes & Manalastas Law Offices
Article

Tax Updates April 2026 (SyCipLaw Tax Issues And Practical Solutions (T.I.P.S.) Vol. 44)

SyCipLaw's Tax Department addresses five critical tax questions facing Philippine taxpayers, including local government unit payment disputes, Court of Tax Appeals jurisdiction over regulatory fees, fiscal incentives under the Natural Gas Industry Development Act, cross-border service taxation, and local tax treatment of businesses with CREATE Act incentives.
PhilippinesTax
SyCip Salazar Hernandez & Gatmaitan
SyCip Salazar Hernandez & Gatmaitan
Article

SEC Revises Recent Draft Circular On Online Lending Platforms; Issues A New Version

The Securities and Exchange Commission of the Philippines has issued a revised draft circular addressing the regulation of online lending platforms, introducing significant changes from its initial March 2026 proposal. The new guidelines aim to lift the existing moratorium on new online lending platforms while establishing comprehensive prudential, disclosure, and market conduct requirements for financing and lending companies operating in the digital space.
PhilippinesFinance and Banking
SyCip Salazar Hernandez & Gatmaitan
SyCip Salazar Hernandez & Gatmaitan