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2023 YEAR END and 2024 1st QUARTER Reportorial Requirements

A number of information returns and other compliance requirements for taxpayers in the first ninety (90) days or so of every year are mandated to be submitted.  There are relative penalties imposed on non-compliance.  We are issuing this reminder to ensure our compliance and to avoid any unwanted fines and penalties. Here’s a reminder that […]

Nine-dash line: An insight into the “Barbie” movie controversy, compliance, and taxation in the Philippines

The recent “Barbie” movie controversy sparked international dialogue, entangling entertainment and geopolitics into a heated discussion about the contentious “nine-dash line” claim by China in the South China Sea. While Vietnam decided to keep the film’s magic away from its screens, the Philippines, after a meticulous review process, opened its cinemas to welcome Barbie’s adventure. […]

Lazada, Shopee and Online Platform Merchants are Reminded of their Tax Obligations

The digital revolution has transformed the business landscape in the Philippines. E-commerce platforms like Lazada, Shopee, and Zalora have made buying and selling goods and services more accessible. But with these new opportunities come new tax obligations. Understanding your tax responsibilities is crucial whether you’re a merchant selling your products online or a platform provider […]

The Power of Tax Residency: A Guide to Maximizing Your YouTube Earnings

Understanding your tax residency can be a game-changer in international taxation, especially for digital content creators like YouTubers. But what exactly is tax residency, and how can it help you keep more of your hard-earned money? Tax residency refers to the jurisdiction (or jurisdictions) where you are considered a resident for tax purposes. This is […]

Streamlining VAT Refund Process for Enhanced Efficiency and Compliance

The Value Added Tax (VAT) refund application process is now more convenient for the taxpayer through the recent issuance of Revenue Memorandum Circular (RMC) No. 71-2023 and Revenue Memorandum Order (RMO) No. 23-2023 both effective July 1, 2023.  The following are notable changes in the filing of VAT refunds:  Before RMC No. 71-2023 and RMO […]

Boosting the Philippine Creative Industries

Republic Act 11904 or ‘The Philippine Creative Industries Development Act’ Republic Act (R.A.) 11904 or ‘The Philippine Creative Industries Development Act,’ which was passed into law on July 27, 2022, mandates the promotion and development of Philippine creative industries by protecting and strengthening the rights and capacities of creative firms, artists, artisans, creators, workers, indigenous […]