The Philippines government issuedAdministrative Order (AO) No. 23on 13 May 2024 to expedite imported goods inspection; boost national security; protect consumer rights, and reduce the substandard and illegal importation of products. Under theAO, the government will implement integrated and digital pre...
The Board of Airline Representatives (BAR), the association of foreign and local airlines in the Philippines, welcomed the signing into law recently by President Benigno S. Aquino III of RA No. 10376 that repeals the common carriers tax and the Gross Philippine Billings in support of the ...
The declaration of martial law by President Rodrigo Duterte in Mindanao, Philippines was received with mixed reactions from different sectors. The opposition group was all armed in criticizing the move of the president citing several reasons but highlighting a possible repeat of the terrors and horrors...
Dorothy Jane Puguon Tax Senior Manager, PwC Philippines April 2024 2024 ushered in a new tax law, the Ease of Paying Taxes or EoPT Law, or Republic Act No. 11976, which introduced a number of reforms, one of which was to classify taxpayers based on their gross sales...
In addition to the five-year contribution term, the New Company Law comprehensively strengthens the supervision of shareholders’ capital contributions. It introduces provisions related to the liability of shareholders for defective capital contributions, accelerated capital maturity, supplementary capita...
Thededuction for state and local tax payments(which fortunatelywas limitedthanks to the 2017 Tax Cut and Jobs Act). There are also loopholes that are misguided, but too small to do much economic damage. Some of them are downright weird, such as thetax break for brothelsin Nevada. Or theta...
Three new administrative penalty rules have been added, including a penalty of between 50 percent and three times the amount of tax due for withholding obligors who fail to withhold or collect taxes due. Provisions on anti-dumping and countervailing duties in the Tariff Law ...
Thailand Criminal Law Chaninat and Leeds specialize in Thailand criminal law Such professions, along with nurses, engineers, bank tellers, and lawyers — are considered “to live in imminent danger due to their profession” and will be allowed to carry small guns when outside their homes. ...
The Philippines central bank, the Bangko Sentral ng Pilipinas (BSP), has released details on incentives encouraging green or sustainable project financing. In a draft circular released on 11 June 2023, the bank said it will give an additional 15% single
In addition, the RCEP has helped to reduce red tape for the trade of certain products, such as dairy, further facilitating bilateral trade. China-New Zealand Double Tax Agreement The Double Tax Agreement (DTA) between China and New Zealand is a tax treaty designed to prevent double taxation ...