Wednesday, March 3, 2021
 
Tags MORE TO FOLLOW (MTF)

MORE TO FOLLOW (MTF)

Understanding Create provisions that encourage investments and reinvestments

As many of us may be aware by now, the recently ratified Corporate Recovery and Tax Incentives for Enterprises (Create) bill, which now awaits...

Revisiting rules on warrant on distraint and/or levy

The Bureau of Internal Revenue (BIR) has the power to enforce the collection of unpaid taxes either through summary administrative remedies, such as the...

Nationality of corporations

The 1987 Philippine Constitution has set forth requirements a corporation must meet before involving itself in certain activities. Depending on its nationality, a corporation...

Recent CTA decisions on refunds of erroneously collected taxes

To claim a refund for an erroneously or illegally collected tax, Section 229 of the National Internal Revenue Code, as amended (Tax Code), provides...

The stockholder’s right to inspect corporate records

The stockholder's right to examine corporate records is based on his or her interests in the corporation and ownership of corporate property. Under Section 73...

The limited liability of OPCs in tax evasion cases

It is an established rule in our jurisdiction that a corporation has a separate and distinct legal personality from that of its shareholders and...

The force majeure of 2020

2020 will always be a year the world cannot forget. At its start, we saw the eruption of the beautiful Taal Volcano. And then...

Restraining the enforcement of tax collection

Taxes are the lifeblood of the government and should, as an inflexible policy, be collected promptly and without hindrance or delay (see Commissioner of...

FRIA remedies for insolvent Filipinos

Covid-19 has caused financial injury and distress to many Filipinos. By early 2021, after the grace periods for loans and other forms of financial...

The CIR’s power to abate taxes

The abatement or cancellation of internal revenue tax liability is one of the remedies available to taxpayers. This is pursuant to the broad powers...

Rape suspect falls after 23 years in hiding

THE long arm of the law finally caught up with a rape suspect after he was arrested in Pangasinan on Tuesday by combined elements...

SSS eyes more online services 

GOVERNMENT-owned Social Security System (SSS) plans to add more services in its online platforms as more members are shifting from manual to electronic transactions. “In...

LandBank expands student loan coverage

STUDENTS of legal age can now directly tap the government-owned Land Bank of the Philippines’ loan program that aims to cover the purchase of...

AstraZeneca vaccines to arrive in PH on March 4

FOLLOWING a delay, the first batch of British-Swedish drugmaker AstraZeneca's vaccines from the Covax facility will finally arrive in the Philippines on March 4,...

KZ Tandingan to sing first-ever Filipino Disney song

Singer and rapper KZ Tandingan made history Tuesday afternoon when Disney Studios Philippines named her as their choice to sing what is to become...
 

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