Generally, a company should not be subjected to multiple regular tax audits covering the same taxable year. However, certain exceptions are allowed under Philippine tax laws. Section 235 of the ...
The answer depends on the circumstances. Under Philippine tax laws, the BIR generally has three years to assess deficiency taxes. However, certain exceptions allow the government to assess taxes ...
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 112-2026, clarifying how businesses should present Creditable Withholding Tax (CWT) in their sales invoices. The ...
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