Process for issuing tax credit certificates and cash refunds under the “Ease of Paying Taxes Act”August 14, 2024 The Bureau of Internal Revenue (BIR) in July 2024 released two Revenue Memorandum Circulars (RMCs) to streamline the process for issuing tax credit certificates and cash ref...
The proposed measure on SUP bags seeks to kerb the high volume of mismanaged plastics in the Philippines. Credit: Olga Miltsova via Shutterstock. The Philippines Department of Finance (DOF) has proposed an excise tax on single-use plastic (SUP) bags as part of measures to address climate cha...
Hydrogen tax credit in the US The Inflation Reduction Act implemented a 'per kilogram' tax credit for the production of clean hydrogen. Before the Act was passed, we advocated for certain elements to be considered in the design of the tax credit. These included: y The dollar value of ...
Philippines: Guidance on excise tax exemption for electric vehicles, tax treatment of securitization transactions Guidance under Revenue Regulations No. 1- 2025 and No. 2-2025 February 10, 2025 News Kazakhstan: Amendments to VAT refund rules Amendments effective on February 11, 2025 February 10,...
Instead, let’s look at some excerpts froma recent articlein theEconomist. …charities that support small-scale farmers and help people after natural disasters have…had their top brass charged and accounts frozen for allegedly breaching the Philippines’s Anti-Terrorism Act, a draconian law passed...
The standard VAT rate in Singapore is 9%, but it's very unlikely that you will receive the whole amount back2. This is because you will have to pay the handling fee. If you choose to receive your money through credit cards, you will also need to pay for the extra currency exchange ...
Unlike corporations, LLCs benefit from pass-through taxation, meaning business profits are taxed at the individual owner’s level rather than at the business entity level. However, the exact tax rate for an LLC depends on its structure and tax classification. ...
a value-added tax system may be erroneous. VAT-compliance costs to business would be higher, especially with special exemptions and multiple rate levels to consider. And the VAT would not eliminate income or payroll taxes completely, meaning the VAT would only add to administrative costs incurred...
Tirad Pass as Historic Landscape and of National Identity in a Modern Philippines Tirad Pass is an important passage in going to the Cordillera in Northern Luzon where a battle was fought when Gen. Del Pilar held his ground in defending ... JR Soria - 《Iamure International Journal of Soci...
In the fourth quarter, United began service of its largest international winter schedule ever, flying nearly 4,600 flights per day in peak winter, beginning service to three new international destinations — Marrakesh,Morocco; Cebu,PhilippinesandMedellin, Colombia— and two new international routes wit...