DOF backs tax perks expansion under CREATE to keep pace with neighbors businessmirror.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessmirror.com.ph Daily Mail and Mail on Sunday newspapers.
THE National Internal Revenue Code (Tax Code), as amended, authorizes the commissioner of Internal Revenue or his duly authorized representative to conduct audits, in light of the power of the Bureau of Internal Revenue (BIR) to assess and collect taxes. These audits are conducted by revenue officers who are clothed with a valid letter of authority (LoA).
New taxpayer classifications under the Ease of Paying Taxes Law bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
THE Philippine tax scene is abuzz again with the passage of Republic Act 11976, or the Ease of Paying Taxes Act (Eopta), on Jan. 5, 2024. The main objective of the Act is to provide a healthy environment for the taxpaying public, safeguard taxpayer rights and welfare, and assure fair treatment of all taxpayers. It also aims to modernize tax administration and improve mechanisms that encourage proper and easy compliance with the least cost possible.