Some transactions on which no VAT is imposed are referred to as VAT-exempt. Others are zero-rated or effectively zero-rated on which a VAT rate of 0% is imposed...
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Getting a refund of input VAT on zero-rated or effectively zero-rated sales at the Court of Tax Appeals
In its recent decision in the case of Amadeus Marketing Philippines, Inc. vs. CIR, the CTA revisited what is required for a taxpayer to secure a credit or refund of input VAT on zero-rated or effectively zero-rated sales...
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Evidence at the Court of Tax Appeals
The Court of Tax Appeals is a special court to which either the taxpayer or the government may elevate tax controversies...
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Value Added Tax in the Philippines
This article discusses basic concepts regarding Value Added Tax of which businesses operating in the Philippines should be aware. It also discusses recently decided tax cases in the Philippines...
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The income tax rate of corporations lowered in the Philippines
The CREATE law has lowered corporate income taxes in the Philippines. The article below discusses the corporate taxes that were affected: • Corporate tax rates • Minimum Corporate Income Taxes (MCIT) • Improperly Accumulated...
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How to transfer land title to heirs in the Philippines (Extrajudicial Settlement)
This article outlines the step-by-step process to sell a Philippine inheritance or to transfer it to your name. This process is called “settling the estate”...
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