The SyCipLaw's Top 10 Tax Issues and Practical Solutions (T.I.P.S.) for 2023 covers the following tax issues:
- Does the Court of Tax Appeals have jurisdiction over a tax dispute solely involving two government agencies under the Executive Department?
- Can a local government unit continue taxing a company that is no longer conducting business within its jurisdiction on the basis of the company's failure to apply for the retirement of its business?
- Are payments made to a nonresident foreign corporation for satellite services delivered in the Philippines taxable in the Philippines?
- Is an issuer of Philippine Depositary Receipts ("PDRs") automatically considered a dealer in securities?
- What are the amendments introduced by Revenue Regulations ("RR") No. 3-2023 to the regulations on VAT zero-rating?
- What changes were introduced by RMC No. 71-2023 and Revenue Memorandum Order ("RMO") No. 23-2023 on the processing of claims for Value-Added Tax ("VAT") credit or refund?
- Was the Estate Tax Amnesty extended?
- When does the five-year prescriptive period for tax evasion cases begin to run?
- When is prior notice and hearing required for a revenue issuance to be valid?
- What taxes are due on transactions involving real properties considered as ordinary assets?
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