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PIA - Gatchalian seeks inquiry on BIR imposition of 25% withholding tax, 12% VAT on cross-border services pia.gov.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pia.gov.ph Daily Mail and Mail on Sunday newspapers.
Senate sets probe on cross-border tax tribune.net.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.net.ph Daily Mail and Mail on Sunday newspapers.
SENATOR Sherwin T. Gatchalian, in filing an enabling resolution, clears the way for an inquiry into the Bureau of Internal Revenue’s imposition of a 25-percent withholding tax and 12-percent value-added tax (VAT) on all cross-border services rendered by non-resident foreign corporations (NRFC) triggering woes “this could drive away foreign entities… ....
The Supreme Court (SC), through its decision in Aces Philippines Cellular Satellite Corp. (Aces Philippines) vs. Commissioner of Internal Revenue (G.R. No. 226680, Aug. 30, 2022), ruled that the airtime fees Aces Philippines paid to its related party, Aces Bermuda, under an airtime purchase agreement are considered sourced from the Philippines and are therefore subject to withholding tax. ....
Chambers urge BIR to revoke cross-border service tax rule bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.