Gross income derived from all sources within the Philippines by non-resident foreign corporations and non-resident aliens not engaged in trade or business in the Philippines, such as interests, dividends, rents, royalties, and service fees are subject to final withholding tax. Final withholding tax ...
Upwork VAT for Filipino freelancers If you’re a freelancer in the Philippines using Upwork, you’ve probably seen the recent announcement about a 12% VAT charge starting June 1, 2025, unless you provide a valid VAT ID. This raised understandable questions from the community: Let’s break ...
Poland: Real estate depreciation; no VAT on free-of-charge transfers; reduction of VAT taxable amount upon lease termination; lump-sum income tax on advances (Supreme Administrative Court decisions) Summaries of recent Supreme Administrative Court decisions March 13, 2025 News House passes continuin...
For the smarter ones, they opt for anonline tax calculator in the Philippines—so they wouldn’t have to worry about miscalculations which add to the unbelievably long amount of time spent on tax-compliance. Did you know that according to the Bank and PricewaterhouseCoopers (PwC)’s “Pay...
Philippines: Application of VAT on digital services Digital services will be taxed at a 12% rate when used or consumed in the Philippines. January 23, 2025 News Romania: Form for tax registration of nonresident payment service providers Introduction of Form 709 January 23, 2025 News Australia...
Also, business split can lead to an on-site audit and additional taxes. Split is one of the frequent reasons when a company receives attention from the Federal Tax Service. It is not legally prohibited to divide business between different legal entities, but the reason for additional charges ...
South Africa, Morocco, United Arab Emirates, Bahrain, Mexico, Chile, Brazil, Egypt, Kenya, Cambodia, Vietnam, Japan, Thailand, Nigeria, Türkiye, Saudi Arabia, Philippines, Ethiopia, Mauritius, Papua New Guinea, Pakistan, and Indonesia have the following requirements on filling in tax-related inf...
1.1% of amount billed on package delivery service; g. 1.1% of amount billed on freight forwarding service (including freight charges); h. 1.1% of selling price for tour packages, transportation facilities, and accommodation on travel agency or provision of travel package; i. Religious travel ...
Dezan Shira & Associates also has offices inVietnam,Indonesia,Singapore,United States,Germany,Italy,India, andDubai (UAE).We also have partner firms assisting foreign investors inAustralia,The Philippines,Malaysia,Thailand,Bangladesh. Previous ArticleChina 2023 Economic Growth Breakdown – GDP Statistics ...
service of an eLOA, it is still for the best interest of the government that the eLOA is served on the taxpayer immediately upon issuance thereof. According to RMC 82- 2022, the deletion of the 30-day period to serve the eLOA does not serve as an excuse for the ...