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

On December 10, 2021, the President signed into law Republic Act (R.A.) No. 11635 amending Section 27(B) of the National Internal Revenue Code, as amended (Tax Code).

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

No. The stock transaction tax is not an income tax but a percentage tax. The exclusion from gross income under Section 32(B)(7)(a) of the NIRC applies only to income tax under Title II of the...

Section 267 of the Local Government Code of 1991 (LGC) provides, in part, that "[n]o court shall entertain any action assailing the validity of any sale at public auction of real property or ...

On March 2, 2022, the President signed into law Republic Act (R.A.) No. 11647 which amends the three-decade old Foreign Investments Act of 1991 (FIA). R.A. No. 11647 aims to attract...

For input valued-added tax ("VAT") refund claims filed prior to 2018, is the 120-day period for the Bureau of Internal Revenue ("BIR") to decide a claim for refund of excess unutilized input VAT...