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Common Types of Entities Registered by Foreign Companies in the Philippines

The Philippines offers a wealth of opportunities for foreign investors seeking to expand their businesses or establish new ventures in...

BIR Rulings on the Forex Gain or Loss of a PEZA Entity & Withholding Treatment of Field Personell

The Bureau of Internal Revenue (BIR) recently issued two rulings regarding the tax treatment of foreign exchange gains or losses of a...

VAT ZERO RATING FOR CONSULTANCY SERVICES RENDERED ABROAD-BIR RULING

In the Philippines, a domestic corporation called E Co. has requested confirmation on the applicability of Value-Added Tax (VAT) to...

BIR AMENDS GUIDELINES IN THE APPLICATION FOR VAT ZERO-RATING

On April 27, 2023, the Revenue Regulations (RR) No. 3-2023 was issued to amend certain provisions of RR No. 16-2005 and RR No. 21-2021,...

Zero Rated Value added tax in the Philippines

Zero Value Added Tax (VAT) is a tax exemption that is granted to certain businesses in the Philippines. This tax exemption is aimed at...

Philippine CPA Firm