Page 125 - Tax Code News Today

The Court of Tax Appeals (CTA) has turned down the petition of a Lipa City-based automotive wiring harness and weld cap manufacturer to get back from the Bureau of Internal Revenue (BIR) more than P53 million in unused input value-added tax (VAT) payment for late filing. The court's First Division

When it comes to tax legislation, expect 'small ball' in an era of divided government.

City officials in Pearland said they're facing a major budget problem due to property appraisal miscalculations.

Philippines - Tax Updates September 2022 (Supplemental SyCipLaw Tax Issues And Practical Solutions (T.I.P.S.) International Edition Vol. 7). Legal News and Analysis - Philippines - Tax -

The Court of Tax Appeals (CTA) has sentenced to one year in jail a Quezon City businesswoman for tax evasion. The Court's Second Division also ordered Julie Grace Magahis, proprietor of KJET Enterprises in Cubao to pay the BIR more than P16 million in deficiency income and value-added taxes for 2

In the context of unprecedented U.S. budget deficits, some proponents of the value-added tax (VAT) are calling for the U.S. to levy a VAT to close the federal deficit. They are seriously mistaken. While a VAT has some advantages to the current U.S. tax code, adding the VAT to current federal taxes—as proponents propose—would realize none of these benefits and would instead depress the economy. The real cause of the massive federal deficit is Congress’s overspending, not a lack of taxation.

The Ministry of Taxes and Duties announced the terms of the tax increase and its scope.

By keeping an eye on the future and potential new tax developments, tax advisors can offer their clients a sense of stability and proactive tax planning.

Court Cases Sales and Use Tax Manufacturing Exemption Hegar v. Tex. Westmoreland Coal Co., Case 21-1007 (Tex. Sept. 30, 2022)—In this case, the Texas Supreme Court denied the...

The white house is saying is that the government will begin dictating a required level of oil and gas investment designed to increase production via the tax code while simultaneously phasing out oil and gas investment via another part of the tax code. chest pounding against a particular industry and its millions of workers is a weak closing argument for mid-terms that are not going your way. this from the rnc, quote, joe biden is lying since his first day in office he has attacked american energ...