Why It’s Really Important to Put the Year “2020” than just “20”

This is really an important message that could save you lots of stress, time and money in the year 2020. To minimize possible fraudulent transactions, when writing a date, particularly the year, you must put into practice writing “2020” instead of simply “20”. Why? Because any individual with a mind of a fraudster, can changeContinue reading “Why It’s Really Important to Put the Year “2020” than just “20””

Tax News: CTA Rejects BIR Appeal on Metro Rail Tax Assessment

THE Court of Tax Appeals (CTA) denied for lack of merit an appeal of the Bureau of Internal Revenue (BIR) seeking to overturn the cancellation of the P1.63-billion deficiency tax assessment against Metro Rail Transit Corp. (MRTC). Read more at BusinessWorld. This means that the previous CTA decision, which canceled the tax liabilities of MRTC,Continue reading “Tax News: CTA Rejects BIR Appeal on Metro Rail Tax Assessment”

Tax Clearance Documentary Requirements

Sworn affidavit (annex A-1 for individual and Annex A-2 for non-individual taxpayer) Photocopy of Certificate of Registration (COR) (BIR Form 2303)-certified true copy Original copy of Delinquency Verification of No Tax Liability issued by the RDO/Collection Division having jurisdiction over the Head Office of the taxpayer not more than fifteen working days from the dateContinue reading “Tax Clearance Documentary Requirements”