THE issuance of Revenue Memorandum Circular (RMC) 5-2024, which provides for the tax treatment of cross-border services, has become one of the most controversial developments in Philippine taxation.

The Tribunal held that even a marginal increase in ITC must be passed on to buyers. Failure resulted in refund liability with interest under Section 171. The ruling confirms that interest is payable ...

Require mandatory VAT registration for taxpayers currently using the simplified (single tax) system whose annual revenue ...

Hospitality business owners should review how they apply VAT rates to bookings they accept now for events that will take ...

In a dramatic development that brings an abrupt end to one of the most high-profile enforcement actions in the umbrella ...

THE RULES for claiming the 12% value-added tax (VAT) exemption for electricity generated from domestic natural gas have been issued, effectively operationalizing Republic Act (RA) No. 12120, the ...

An EU business coalition has called on the state to accelerate plans to introduce stricter obligations on e-commerce imports.

THOUSANDS of Irish households can save up to €2,400 within one year with new mortgage switching rules. The new Central Bank ...

MISAMIS ORIENTAL (PIA) — Senior citizens and persons with disabilities (PWDs) in Cagayan de Oro and Misamis Oriental may soon ...

DiBooq expands its vacation rental channel manager with seasonal and global booking conditions, helping hosts manage ...

Petrol drivers will have to fork out new 82p per litre charges at the pumps after the change is introduced this year.

Andrew Scanlon from Paxon – a newly formed third-party logistics brand created by bringing together three specialist ...