Navigating the New Digital VAT Landscape in the Philippines: A Strategic Guide for the C-Suite and General Counsel
This article talks about the imposition of Value Added Tax (VAT) on digital services in the Philippines.
Law Allowing Tax Refunds for Foreigners
Law Allowing Tax Refunds for Foreigners Republic Act No. 12079: Tax Refunds for Foreigners The Philippines now joins a host of other tourist destinations in the world offering tax refunds to foreigners. With the enactment of Republic Act No. 12079, entitled “An Act Creating a VAT Refund Mechanism for Non-Resident Tourists…”, foreign visitors will now
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Special Rules to Follow in Classifying Real Property or Land as an Ordinary Asset or Capital Asset and their Implications
This article delves into the special rules that govern the classification of real property or land as either an ordinary asset or a capital asset.
Know When to Pay Value Added Tax or Capital Gains Tax When you Sell Real Property or Land
This article focuses on the crucial decision of when to pay either Value Added Tax (VAT) or the Capital Gains Tax on the sale of real property or land.
How are Consultants Taxed?
This article discusses how consultants are taxed under Philippine laws.
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