Page 7 - Revenue Code News Today

Bermuda formed the first modern captive in 1962 and remains the leading offshore captive domicile, with approximately 700 licenced captives on its register. Bermuda’s captive industry...

Investegate announcements from Annual Financial Report - Part 12

LAWMAKERS approved last Tuesday a bill designating the motor vehicle (MV) and MV-component manufacturing industry as a priority sector and including it in the country’s “strategic investment priority plan,” or “Sipp.” The Sipp is the list of sectors that are qualified for tax perks under Republic Act (RA) 11534, or…

Amidst the madness of the legislative session, it is important to pause and appreciate the melting pot that is the Georgia General Assembly. For example, already this week, there has...

Legislators observed Georgia Day on Monday, acknowledging the first immigrants who landed with James Oglethorpe to create the 13th colony a mere 291 years ago. The House of...

DAVAO CITY (MindaNews / 23 November) – The Comprehensive Agreement on the Bangsamoro (CAB), the peace agreement signed by the Philippine government and the Moro Islamic Liberation Front (MILF) in 2014, may not be fully implemented by June 30, 2025, the end of the six-year transition period in the Bangsamoro Autonomous Region in Muslim Mindanao,

DAVAO CITY (MindaNews / 09 February) – “Giving the vote to the people to choose their leaders is the logical succession, evolution, to the grant of self-rule to your land,” President Ferdinand Marcos Jr. said as he urged Bangsamoro leaders to “show the world” that the first election of the Bangsamoro Autonomous Region in Muslim

Local lawmaker proposes to repeal ordinance requiring delivery riders to obtain business permits in Davao City. City Councilor Bernie Al-ag advocates for the repeal, citing exemption guidelines outlined in a joint memorandum circular issued by government authorities.

Section 1402(a)(13) of the Internal Revenue Code provides that the distributive share of "limited partners, as such" from a partnership is not subject to self-employment tax.

The U.S. Department of the Treasury and the IRS on Dec. 22, 2023, released proposed regulations regarding the production tax credit (PTC) for hydrogen under Section 45V of the Internal Revenue Code...