Tag

// Bureau of Internal Revenue (BIR)
SEP
21
2021

Sponsorship Speech: Tax on Proprietary Educational Institutions

SPONSORSHIP SPEECH Committee Report No. 311 on SB No. 2407 Tax on Proprietary Educational Institutions Senate President Pro Tempore Ralph G. Recto 21 September 2021 If you recall, CREATE was marketed as the law that will save distressed companies from sinking in a sea of red
JUN
04
2021

Erroneous revenue order can bankrupt struggling private schools

The BIR should rescind its erroneous order imposing a 25 percent corporate income tax on private schools, as “it is a flawed interpretation of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act,” said Senate President Pro Tempore Ralph Recto. “Yung title pa
MAR
26
2021

RA 11534: Corporate Recovery and Tax Incentives for Enterprises Act or CREATE

Republic of the PhilippinesCongress of the PhilippinesMetro ManilaEighteenth CongressSecond Regular Session Begun and held in Metro Manila, on Monday, the twenty-seventh day of July, two thousand twenty. [REPUBLIC ACT NO. 11534] AN ACT REFORMING THE CORPORATE INCOME TAX AND
NOV
11
2019

SBN-1163: Taxpayers Bill of Rights

An Act Ordaining A Bill Of Rights For Taxpayers This bill seeks to ordain a bill of rights for the taxpayers which are divided into three main pillars: a) taxpayers’ basic rights, b) taxpayers’ right in civil cases, and c) taxpayers’ rights in criminal cases.  The
DEC
09
2015

RA 10708: Tax Incentives Management and Transparency Act (TIMTA)

Republic of the Philippines Congress of the Philippines Metro Manila Sixteenth Congress Third Regular Session Begun and held in Metro Manila, on Monday, the twenty-seventh day of July, two thousand fifteen. [REPUBLIC ACT NO. 10708] AN ACT ENHANCING TRANSPARENCY IN THE MANAGEMENT
JUL
30
2013

SBN-1187: Tax Incentives Transparency Act

An Act Establishing A System For Tax Incentives Transparency, And For Other Purposes Aims to improve the monitoring system for the tax incentives granted by the Investment Promotions Agencies (IPAs) and other government agencies so that the sectors benefiting from the reduced tax
JUL
10
2013

SBN-718: The Taxpayer Bill of Rights Act of 2013

An Act Ordaining a Bill of Rights for Taxpayers In addition to the rights and remedies provided under the Tax Code and Tariff and Customs Code and other pertinent laws, rules and regulations, the bill grants the following rights: a) taxpayers’ basic rights; b) taxpayers’ rights
JUL
10
2013

SBN-716: Adjusting the Levels of Net Taxable Income and Nominal Tax Rates

An Act Adjusting the Levels of Net Taxable Income and Nominal Tax Rates for Purposes of Computing the Individual Income Tax Amending Section 24(A)(2) of the National Internal Revenue Code, as Amended, And For Other Purposes This bill seeks to amend Section 24 of the National
JUL
08
2013

SBN-612: Condonation of All Unpaid Taxes Due From Local Water Districts

An Act Removing The Conditions For The Condonation Of All Unpaid Taxes Due From Local Water Districts, Amending For The Purpose Section 289-A Of The National Internal Revenue Code, As Amended Allows a greater number of LWDs to benefit from the true intent of the law by removing