The runaway data train – is the dream in danger of turning into a nightmare of operators?

Download

and for information on the run, anytime, anywhere is continuing to drive the development of mobile data applications and devices. But consumers are increasingly making mobile choices according to the services and content they want, rather the merits of particular devices according to a new paper from PwC “Be careful what you wish for...a look at the future of mobile data”.

Read the full article

Also in this issue:

Bureau of Internal Revenue

BIR Rulings

• Tax treatment of government employees under job-order basis (BIR Ruling 008-2010 dated 3 June 2010)
• Separation benefits received by employees terminated due to redundancy are exempt from tax (BIR Ruling 021-2010 dated 30 July 2010)

Delegated Authority (DA) Rulings

•  Input taxes of entities with mostly zero-rated sale may be recognized as an outright expense (BIR Ruling DA [VAT-021] 121-2010 dated 9 July 2010)
• Monthly membership dues of non-profit organizations are not subject to VAT (BIR Ruling DA [VAT-020] 120-2010 dated 9 July 2010)
• Services rendered to foreign shipowners by a local agency crewing/manning ocean going vessels paid for in acceptable foreign currency are subject to 0% VAT (BIR Ruling DA [VAT-011] 062-2010 dated 7 May 2010)
• Payments to labor-only contractors are subject to expanded withholding tax of 2% based on total price (BIR Ruling DA [C-018] 075-2010 dated 5 May 2010)
• Outstation allowance given to technical support employees are non-taxable fringe benefits (BIR Ruling DA [ECB-001] 110-2010 dated 25 June 2010)
• Tax treatment of donation to a religious corporation (BIR Ruling DA [DT-012] 098-2010 dated 16 June 2010)

Revenue Regulations (RR)

• Amendment to RR 7-2010 effecting tax privileges in RA 9994 (Expanded Senior Citizens Act of 2010) (RR No. 8-2010 dated 3 September 2010)

• Exchange of information regulations (RR 10-2010 dated 6 October 2010)

Revenue Memorandum Circular (RMC)

• Guidelines and procedures in granting LT’s request for extension to comply with RR 9-2009 (Mandatory Use of CAS) (RMC No. 68-2010 dated 9 August 2010)

Revenue Memorandum Order (RMO)

• Prescribing the policies and guidelines in issuing and monitoring the Certificate of Tax Exemption of Cooperatives (RMO 76-2010 dated 27 September 2010)

Other issuances

Legislative issuance

• Financial Rehabilitation and Insolvency Act of 2010 (FRIA) (RA 10142) (RA 10142 dated 18 July 2010)

Executive issuance

• Reorganizing and renaming the BOT center to the PPP Center of the Philippines and transferring its attachment from DTI to NEDA (EO No. 8 dated 9 September 2010)

Court decision

• Imprinting the word “zero-rated” on VAT official receipts is required for claim of refund/tax credit of input VAT from zero-rated sales (CTA EB No. 558 dated 6 July 2010)