- within Corporate/Commercial Law topic(s)
- with readers working within the Healthcare industries
SyCipLaw's Tax Department has prepared an international edition of its Tax Issues and Practical Solutions (T.I.P.S.) for the second quarter of 2025.
The SyCipLaw T.I.P.S – International Edition covers the following tax issues:
1. May the Court of Tax Appeals review the Commissioner of
Internal Revenue's denial of an Application for Abatement or
Cancellation of Taxes?
2. Is a taxpayer estopped from questioning the validity of a
defective waiver extending the period of assessment?
3. Is the service of a Preliminary Assessment Notice to a taxpayer
by registered mail, which was received by its security guard,
considered a valid service?
4. Should a taxpayer wait for the CIR's response to an
application for tax credit or refund before filing a petition with
the CTA?
5. What were the amendments under Republic Act No. 12214 or the
Capital Markets Efficiency Promotion Act
("CMEPA") in relation to the sale of shares in a
corporation?
6. What is the tax rate on the interest income received from a
depository bank's foreign currency deposit unit
("FCDU")?
7. Is the interest income from long-term deposits or investments
still exempt from final tax?
8. What amendments were introduced by CMEPA to the documentary
stamp tax ("DST") provisions?
9. Is equity-based compensation, despite not being paid in the form
of cash, considered compensation for services that form part of
gross income subject to income tax?
10. Is the sale of pick-ups still exempt from excise tax?
Please read the full text here or via this link.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.