Home Tags Taxwise or Otherwise

Tag: Taxwise or Otherwise

More ease on the loose

Most taxpayers are familiar with two types of books or accounting records — those that are prepared manually, and those that are generated by...

The new COSO ERM framework

Whenever we talk about risk management, what often comes to mind are worst-case scenarios, additional capital requirements, and crisis-management plans; the kind of things...

House Bill No. 5636 vs Senate Bill No. 1592: Which is...

On Sept. 20, the Senate Committee on Ways and Means filed its version of the Tax Reform for Acceleration and Inclusion (TRAIN) bill. There...

Doing our share: Collecting and paying the correct taxes

“The Golden Age of Infrastructure” is one of the key economic programs of the Duterte administration. To finance these massive infrastructure projects, the government...

Property investment not subject to VAT

Riding a favorable economic landscape, the Philippines is projected to sustain a 6.5% growth rate this year fueled by the government’s aggressive spending on...

Tax assumption is not a tax exemption

When tax laws are implemented stringently, the Exchange of Notes between two governments could provide investors relief from tax liability. This agreement avoids double...

Seeing the future by overturning conventional wisdom

People today take automobiles for granted. In the early 1900’s, people thought it was a remarkable thing to replace the horse and buggy. Today,...

Maximizing benefits from ASEAN Free Trade Agreements

THE Association of the Southeast Asian Nations (ASEAN) celebrated a milestone on Aug. 8 with its 50th anniversary, with the Philippines as the chairman...

Tax holiday for inclusive business models

Package two of the country’s tax reform initiatives will take a look at how to rationalize fiscal incentives. Certain factors that are being considered...

Another look at the tax-exempt status of charitable institutions

Tax exemptions are often met with reservations and must withstand the strict scrutiny of revenue collectors. After all, taxes are the driving fuel that...

What the legislature grants, it can take away

Taxwise Or Otherwise By Abigael Demdam While queuing for more than an hour just to catch a ride home, I noticed commuters in front of me...

A Letter Notice cannot substitute for a Letter of Authority

 Taxation is the lifeblood of the government. Through the collected taxes, the government is able to fund the increasing need of its people for...