Tax Updates February 2022 (SyCipLaw Tax Issues and Practical Solutions (T.I.P.S.) Vol. 16)

March 04, 2022

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

Please read the full text at https://tinyurl.com/SyCipLaw-FebruaryTIPS-Vol16 or https://tinyurl.com/February-TIPS-Vol16.

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

1. Is there an exception to the general rule that findings of fact of the Court of Tax Appeals (CTA) are regarded as final, binding, and conclusive upon the Supreme Court?

2. May the adverse party in an arbitration proceeding intervene in a separate special proceeding which is directed against a person not a party to the arbitration?

3. May a local government unit (LGU) impose local business taxes on a holding company?

4. May an assessment notice which fails to indicate the due date for payment of assessed taxes be considered a valid assessment?

5. Tax-free exchange in the time of CREATE

6. Filing of Requests for Confirmation, Tax Treaty Relief Applications, and Tax Sparing Applications Made Easy