Tag Archives: Taxation

Implementing Rules and Regulations – RA 9504

At long last, the BIR has issued the final IRR (Implementing Rules and Regulations) of Republic Act No. 9504, an Act Amending Sections 22, 24, 34,35, 51 and 79 of Republic Act no. 8424. It’a available for download from the BIR website.—

Pertinent Articles on RA 9504

There are pertinent articles regarding RA 9504 over at Punongbayan & Araullo’s Press Room. They describe the issues surrounding the law. You can read the articles here, here, and here. Many concerns have been raised, and my favorite: Is this really what—

De Minimis Benefits under the NIRC

Disclaimer: The article that follow is my personal opinion, intended for discussion purposes only. It should not be construed as official opinion or regulation by any governmental agency that has authority over the matter. Found this in my inbox: Remy: Can you—

Republic Act 9504

An Act Amending Sections 22, 24, 34,35, 51 and 79 of Republic Act no. 8424, as amended, otherwise known as The National Internal Revenue Code of 1997 Looking at the stats of this site, I’m sure many are already looking for a—

The Tax Exemption Bill

According to this news, the approval of the tax exemption bill that’s been pending in the Senate was rushed. I say this has long been overdue. MANILA, Philippines — With three weeks left before Congress goes into recess, the Senate is rushing—

The Tax Reform Act, A Decade Old

Republic Act 8424 (Philippine Law), otherwise known as the Tax Reform Act of 1997 or the Revised National Internal Revenue Code (NIRC) of 1997, which became effective in 1998, is already more than a decade old law. It’s basically a comprehensive law—