Introducing my favorite tax site on Aug 7, 2009 in Doing business taxation After some self-explorations on blogging and internet, my interests had finally come to cease. I am quite grateful I had the opportunity to exist in the net and learn few more things along the way. Maybe its about time that I quit this site for some...
Introducing my upgraded site on Aug 7, 2009 in Doing business taxation I am proud to announce that I have already made material upgrade and updates on my tax site (blog), the pinoytaxation.com. This is the fruit of my extensive hours of exploration and sincere intention to learn and develop a site has further developed...
Site upgrade to be completed very soon on Aug 5, 2009 in Current issues philtaxation It had been a couple of weeks that no additional post or articles in added on this site. I keep you waited and i sincerely apologize. In my prior post/article, I stated that my online activities will be shortened as I have to attend to my studies. Ho...
VAT zero-rated and VAT-exempt, what makes the difference? on Jul 11, 2009 in Value Added tax As to taxability in VAT, it may be said to be VATable or non-VATable. If VATable, it maybe subject to 12% regular rate or 0% under certain conditions. On the other hand, if non-VATable, it maybe VAT-exempt covering those which are not subject to VAT...
More taxation textbooks! on Jun 28, 2009 in Donor's tax Estate tax The textbook presented in my prior post is Philippine Laws on Income Taxation. It covers topics on general principles of taxation in the Philippines and income taxation rules for the following: Natural persons, both citizen and aliens, Estates and...
General Principles – Part III on Jun 18, 2009 in General principles constitution This post is a sequel to the limitations of the taxing power of the state. This time let us proceed to the CONSTITUTIONAL LIMITATIONS – those limitations on the state’s exercise of the taxing power specifically provided by the particular...
How to secure a License to do Business as Philippine Branch of a foreign corporation? on Jun 13, 2009 in Doing business Make money A PHILIPPINE BRANCH is a local operation in the Philippines of the foreign parent company abroad. It is a mere extension of the parent’s legal entity abroad and as such, liabilities in the Philippines incurred by the branch accrues to the paren...
Withholding tax requirements for Top Twenty Thousand Corporations (TTC) on Jun 8, 2009 in Income tax Withholding tax EWT top twenty thousand corporations Withholding tax system The BIR, seeing the potential collections from withholding taxes, has now expanded the coverage of the mandatory withholding under the previously selected Top Ten Thousand Corporations to the now Top Twenty Thousand Corporations (TTC). Under the regu...
General Principles of Philippine Taxation – Part II on May 29, 2009 in General principles tax taxation taxation power constitution inherent power Limitations of taxing power Please click here for Part I of the General Principles. While the power does not emanate from a grant, as the same is necessarily inherent upon the existence of the state, exercise of the power is subject to those limitati...
Sex Video: Tax if Hayden Kho extra-judicially settles with Katrina Halili – No VIDEO download! on May 28, 2009 in Current issues Income tax attorney's fees extra-judicial settlement On this post, let us try to explore on another interesting application of Philippine tax rules in connection with the country’s hottest sex video in town. Beforehand however, let me take the opportunity to share my personal views on the event.
