Weekly Tax Updates[September 4, 2020]

GATCHALIAN WANTS ONLINE SHOPPING APPS PENALIZED FOR SALE OF FAKE ITEMS + BILL TO HELP BANKS HANDLE BAD LOANS PUSHED + HOUSE PANELS APPROVE CREATION OF ECOZONE WITHIN BULACAN INTERNATIONAL AIRPORT Other Relevant Tax Updates:Bureau of Internal Revenue (BIR) Rulings...

Weekly Tax Updates[August 28, 2020]

SEC HAS NO JURISDICTION TO DETERMINE FRAUD: MEDICAL CITY’S GONZALES FACTION + BSP SAYS WORKING ON 60-DAY LOAN REPRIEVE IRR UNDER BAYANIHAN 2 + BANKERS BUSINESS GROUPS SUPPORT PROPOSED CAP ON CREDIT CARD INTEREST RATES Other Relevant Tax Updates:Securities and...

Weekly Tax Updates[August 21, 2020]

WEEKLY US JOBLESS CLAIMS RISE MORE THAN EXPECTED TO 1.1 MILLION + SEC NULLIFIES GONZALES FACTION’S MAJORITY ACQUISITION IN THE MEDICAL CITY + INSURANCE COMMISSION BACKS 60-DAY REPRIEVE ON LIFE INSURANCE PREMIUM PAYMENTS Other Relevant Tax Updates:Court of Tax...

Weekly Tax Updates[August 14, 2020]

GMA NETWORK BUYS BACK PDRS HELD BY FOREIGN NATIONALS TO PROTECT INVESTMENTS + PROPOSED 365-DAY MORATORIUM ON LOANS UNDER BAYANIHAN 2 MAY CAUSE GRAVE DAMAGE TO ECONOMY ACCORDING TO MAP    Other Relevant Tax Updates:Court of Tax Appeals (CTA) Cases DigestTax and...

Weekly Tax Updates[August 7, 2020]

COURT SAID BIR MUST INITIALLY CONDUCT A SURVEILLANCE BEFORE ISSUING 48-HOUR NOTICE & 5-DAY VAT COMPLIANCE NOTICE + ISSUANCE OF SALES INVOICE & O.R. COVERING SAME TRANSACTION IS NOT EQUIVALENT TO IMPOSITION OF DOUBLE VAT  Other Relevant Tax Updates:Court...