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Mayor Isko signs ordinance on grant of general tax amnesty

Mayor Isko signs ordinance on grant of general tax amnesty
mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.

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Tax Guide on CREATE Law - BusinessWorld

BusinessWorld
May 10, 2021 | 5:49 pm
(2nd of 2 parts)
While we applaud the government for another piece of tax legislation which will help small businesses bounce back, the approval came too close to the April 15 deadline. This resulted in some confusion and an appeal to extend the deadline for the filing of the Annual Income Tax Return (AITR).
Although many taxpayers, especially tax practitioners, lobbied for an extension, the Bureau of Internal Revenue (BIR) was quick to resolve the issue and decided not to extend.
Other than allowing taxpayers to file and pay anywhere even outside the jurisdiction of the Revenue District Office (RDO) where they are registered, an AITR filed on or before the April 15 deadline may be amended not later than May 15. If the amended return will result in additional payment, no penalties shall be imposed as provided in RMC 46-2021 while any over-payment may be carried over as a tax credit in the succeeding period o ....

Bureau Of Internal Revenue , Medium Enterprises , Congressional Oversight Committee , Small Enterprises , Tax Reform Program , Revenue District Office , Tax Incentives For Enterprises , Bank Secrecy Law , Annual Income Tax Return , Internal Revenue , Corporate Recovery , Tax Incentives , Comprehensive Tax Reform Package , Joint Congressional Oversight Committee , Comprehensive Tax Reform Program , Tax Reform , Tax Amnesty Act , Estate Tax Amnesty , General Tax , Bank Secrecy , Barangay Micro Business Enterprise , Magna Carta , General Tax Amnesty , பணியகம் ஆஃப் உள் வருவாய் , நடுத்தர நிறுவனங்கள் , காங்கிரஸ் ஓவர்‌ஸைட் குழு ,

Tax Amnesty: Law Sanctioned in Panama - CentralAmericaData :: The Regional Business Portal

Tax Amnesty: Law Sanctioned in Panama
President Laurentino Cortizo sanctioned Law 208 of April 6, 2021, which extends until December 31 of this year the validity of the tax amnesty, which initially arose in 2019.
Thursday, April 8, 2021
With this initiative of the Executive, enacted in Official Gazette and which is part of the Economic Recovery Plan (phase 1), taxpayers will have until August 31, 2021 to make payments or enter into payment arrangements with respect to tax obligations not fulfilled until January 31 of this year, official sources informed.
Check out the
Data.
According to a press release from the Presidency, the legislation establishes that all those tax obligations not fulfilled since January 31, 2021 and prior dates may be settled and take advantage of the extension of the tax amnesty, saving 85% in interest, surcharges and fines. ....

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