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BIR Strengthens Its Cooperation With JICA

NTS addresses double taxation problems

The National Tax Service (NTS) announced that it has addressed hundreds of double taxation issues that weighed on businesses. The tax agency said it has resolved a total of 430 cases related to double taxation jointly with foreign tax authorities under double taxation avoidance agreements between March 2018 and October this year. March 2018 is when the NTS launched the Mutual Agreement Procedure Division, which is in charge of resolving the issue through Advance Pricing Arrangement (APA) and Mutual Agreement Procedure (MAP) schemes.

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