SyCipLaw’s Tax Department has prepared Tax Issues and Practical Solutions (T.I.P.S.) for October.

November 2, 2021

Please read the full text at https://tinyurl.com/SyCipLaw-OctoberTIPS-Vol13 or https://tinyurl.com/OctoberTIPS-Vol13-2.

The SyCipLaw T.I.P.S. for October covers the following tax issues:

• If a taxpayer believes that a national internal revenue tax assessment issued against it is based on an unconstitutional law, may the taxpayer question the assessment by filing a petition for declaratory relief with prayer for injunction before the Regional Trial Court?
• Is a new or amended Letter of Authority (LOA) required when the revenue officer/s named in the original LOA were re-assigned and substituted?
• Are all tax refunds to be construed strictly against the claimant-taxpayer?
• What are the requirements for refund of excess and unutilized creditable withholding taxes?
• Are all transactions intended to combat COVID-19 value-added tax (VAT)-exempt?
• Can the BIR waive penalties, interest, and/or surcharges on delayed payment of tax due to the COVID-19 pandemic?
• Are non-stock non-profit organizations automatically exempted from income taxation?
• May diplomatic personnel claim exemption from VAT on their local purchases of goods and services?