"Taxwise or Otherwise" discusses the latest developments in tax and business law in the Philippines. It also dissects current issues affecting the business community, including policy development.
Writers are taken from a pool of business and tax consultants of Isla Lipana & Co., the Philippine member firm of PwC global network. Columns regularly appear in the BusinessWorld newspaper.
Since the issuance of Revenue Regulations No. 12-2013, withholding the correct taxes has become a matter of paramount importance. Under the regulations, failure to withhold the proper tax would result in the disallowance of the related expenses or deductions for income tax purposes, even if the withholding tax is paid in the course of a tax audit.