CMEPA at a Glance Area Before CMEPA After CMEPA Stock Transaction Tax (STT) 0.6% on sale of listed shares 0.1% flat rate on sale of listed shares Capital Gains Tax 15% on unlisted domestic shares only; foreign shares taxed up to 35% 15% flat rate on both unlisted domestic and foreign shares Interest Income Subject …
On 10 January 2024, the Bureau of Internal Revenue (“BIR”) issued Revenue Memorandum Circular (“RMC”) No. 5-2024 which clarifies the tax treatment of cross-border services based on the case of Aces Philippines Cellular Satellite Corp. v. Commissioner of Internal Revenue, G.R. No. 22668, 30 August 2022. Aces Philippines Cellular Satellite Corporation (“Aces Philippines”) and Aces International …
Philippines Taxes Offshore Services: What your Business Needs to Know! Read More »
Tax exemptions, being in derogation of the State’s inherent power to tax, are strictly construed against the taxpayer. Thus, when one is upheld, it is not merely a legal triumph — it is a cause for celebration. In G.R. No. 262092 (October 9, 2024), the Supreme Court ruled that a foreign currency deposit — specifically an HSBC …
Supreme Court Affirms: Foreign Currency Deposits Exempt from Estate Tax Read More »
När det kommer till spelupplevelser online finns det ett brett utbud av alternativ som erbjuder lockande casinobonusar och spännande spel. Många av dessa plattformar skapar en unik atmosfär där spelare kan njuta av sina favoritspel med förmåner som förbättrar spelstunden. Spelsäkerhet är en av de viktigaste aspekterna att tänka på när man väljer en spelplattform. …
De bästa utländska casinona för svenska spelare år 2025 att upptäcka Read More »
