“The power of taxation should be exercised with caution to minimize the proprietary rights of a taxpayer. It must be exercised fairly, equally and uniformly”
-Justice Mario V. Lopez in Kepco Phil Corp vs. CIR (GR Nos. 225750-51)
Latest from the Blog
Guidelines of Filing ITR including the required Attachments
BIR issued RMC 4 – 2021 dated December 22, 2020 for the Guidelines of Filing ITR including the required Attachments and payments.
Guidelines on Intercompany Dividend Paid by Domestic Corporation to Non-resident Foreign Corporation
RMO No. 46-2020, dated December 23, 2020 provided guidelines and procedures for the availment of the reduced rate of 15% on Intercompany Dividend paid by domestic corporation to non-resident foreign corporation. It includes guidelines on Philippine Depository Receipts (PDRs).
Tax Amnesty On Delinquencies – Extended
The BIR issued RR 32-2020 dated December 17, 2020, extending the Tax Amnesty on Delinquencies until June 30, 2021. Attached RR for your reference.
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