Taxwise or Otherwise

Know the latest developments in tax and business law in the Philippines as we dissect current issues affecting the business community, including policy development.

Writers are taken from a pool of business and tax consultants of our firm. These columns regularly appear in the BusinessWorld newspaper.

 

Latest column

Reckoning of the 120-day rule (Taxwise, 04 February 2016)

A tax refund is one of the most tedious processes in our tax system, if not the most. Refunds are in the nature of tax exemptions construed strictly against the taxpayer. However, this doesn’t necessarily mean that the taxpayer is at the mercy of government power. In our system of taxation, statutory procedures protect the rights of the taxpayer.