News and Blogs

24 Results

        

Mar 29, 2021

CREATE Tax Rates Imposed on Foreign Corporations

A Foreign Corporation is classified for taxation purposes as (1) resident, if it engages in trade or business within the Philippines, or (2) non-resident if it does not.

        

Mar 29, 2021

IEAT to be Repealed by CREATE

The Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, previously named as CITIRA bill, was implored to be immediately passed to gradually lower corporate income tax and rationalize a...

        

Mar 29, 2021

COVID: Minimum Corporate Income Tax

Minimum Corporate Income Tax (MCIT) on Domestic Corporations, according to tax laws, imposes two percent (2%) of the gross income as of the end of the taxable year, whether calendar or fiscal year.

        

Mar 29, 2021

Proposed Preferential Tax for Proprietary Educational Institutions

Under the Tax Code, A 'Proprietary educational institution' is any private school maintained and administered by private individuals or groups with an issued permit to operate from the Department of E...

        

Mar 29, 2021

CREATE Tax Rates for Domestic and Resident Foreign Corporations

The Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, previously named as CITIRA bill, was implored to be immediately passed to gradually lower Corporate Income Tax (CIT) and rationa...

        

Mar 26, 2021

Filing Guidelines: ITW on Compensation

Filed in triplicate by every withholding agent who is either an individual or non-individual, required to deduct and withhold taxes on compensation paid to employees.

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