SyCipLaw's Tax Department addresses six critical tax questions in its first quarter 2026 bulletin, examining issues from the Solicitor General's entitlement to compromise payments to the implementation of the new Single-Instance Audit Framework. The publication explores complex scenarios involving branch profits remittance taxes, documentary stamp tax on international loan transactions, VAT procedures for ecozone purchases, and the handling of tax liabilities during regulatory transitions.

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.

No. In Maynilad Water Services, Inc. v. National Water Resources Board (G.R. Nos.181764,187380, 207444, 208207, 210147, 213227, 219362, and 239938, December 7,2021), the Supreme Court ("SC")...

CITIRIA will reduce corporate income tax from 30 percent to 20 percent over a 10-year period as well as rationalize specific tax incentives.

Summary : Outsourcing is considered as one of the bright spots in the Philippine economy. It will be a major driver of growth for the next five years. The Philippine Government has enacted several policy directives to attract foreign investment in this area, including tax incentives, customs perks, and a favorable labor policy. Several of these tax and fiscal incentives are discussed in this article.

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...